Wrapped TRON company info

What does Wrapped TRON do?
Wrapped TRON (CRYPTO:WTRX) is a TRC-20 token that represents one TRON (TRX) on the Ethereum blockchain. It is pegged to TRX on a 1:1 basis and can be redeemed for TRX at any time. WTRX can be used in any DeFi application that supports Ethereum tokens, such as decentralized exchanges (DEXes), lending and borrowing platforms, and yield farming protocols. One of the main objectives of WTRX is to make TRON more accessible to DeFi users. By wrapping TRX into an Ethereum token, WTRX allows users to interact with the Ethereum ecosystem without having to leave the TRON network. This makes it easier for users to earn yield on their TRX and to participate in DeFi governance. WTRX is also being used to develop new DeFi applications on the TRON network. For example, the decentralized exchange JustSwap uses WTRX as its base trading pair. This allows users to trade TRON tokens with other Ethereum tokens without having to go through a centralized exchange.
Wrapped TRON company media
Company Snapshot

How many people does Wrapped TRON employ?

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Employees
100-249

What is the market cap for Wrapped TRON?

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Market Cap
$10.02B

Where is the head office for Wrapped TRON?

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Head Office
Singapore

What year was Wrapped TRON founded?

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Year Founded
2020
What does Wrapped TRON specialise in?

What are the products and/or services of Wrapped TRON?

Overview of Wrapped TRON offerings
Cross-chain compatibility: WTRX allows users to interact with the Ethereum ecosystem without having to leave the TRON network. This makes it easier for users to earn yield on their TRX and to participate in DeFi governance.
Enhanced security: WTRX is built on the Ethereum blockchain, which is one of the most secure blockchains in the world. This provides users with peace of mind knowing that their TRX is safe when it is wrapped in WTRX.
Improved accessibility: WTRX makes TRON more accessible to DeFi users. This is because WTRX can be used in any DeFi application that supports Ethereum tokens.
Increased liquidity: WTRX brings additional liquidity to the TRON ecosystem. This makes it easier for users to buy and sell TRX and to trade TRON tokens with other Ethereum tokens.
New DeFi opportunities: WTRX is being used to develop new DeFi applications on the TRON network. This expands the range of DeFi opportunities available to TRON users.
Reduced friction: WTRX reduces the friction associated with cross-chain transactions. This makes it easier and more efficient for users to move their TRX between the TRON and Ethereum networks.