The Rise of xWAN — Wanchain’s Escrowed Token Is Coming
While 2024 was a historical year for crypto, 2025 is gearing up to be one of the most memorable bull cycles in history. What does this mean? More crowds, more DeFi, more interoperability, and more innovation. With that said, Wanchain is excited to start the year by presenting its newest development — xWAN.
Meet xWAN — Wanchain’s Powerful WAN Escrowed Token
What is xWAN? xWAN is Wanchain’s newest WAN derivative that exists as an escrowed “wrapped” version of WAN that requires vesting to unwrap it. This wrapped WAN doesn’t have any impact on WAN’s total supply.
At the same time, it opens up a whole range of new possibilities for Wanchain. Here are just a couple of potential use cases how xWAN will drive the value of our ecosystem upwards:
- Giveaways — receive rewards for using the Wanchain Bridge and other cross-chain products.
- BTC, ETH, USDT and USDC staking — get a healthy APR by staking these blue-chip assets natively on XStake. This will in turn increase our XFlows liquidity, expanding the number of cross-chain transactions as well as volume.
- Core function in our new upcoming product — enjoy even more lucrative yield opportunities once this product launches.
- And much more…
How Does xWAN Vesting Work?
To convert xWAN into WAN, you’ll need to vest it. The amount of WAN you’ll receive will depend on your vesting duration. If you choose to convert xWAN into WAN instantly, you’ll get 25% of the selected amount in WAN. If you vest xWAN for 90 days, you’ll get 100% of the selected amount in WAN. You can set the vesting period anywhere from 0 (instant) to 90 days. The longer you vest, the higher the percentage and thus the higher amount of WAN you’ll get.
Examples:
- You have 1,000 xWAN and choose a 30-day vesting period. At the end of it, you’ll receive 500 WAN (50%) in your wallet.
- You have 1,000 xWAN and choose a 60-day vesting period. At the end of it, you’ll get 750 WAN (75%) in your wallet.
What Happens To Unclaimed Tokens
Let’s say you don’t have time to vest xWAN for 90 days to get 100% conversion. For example, if you convert 1,000 xWAN instantly, you’ll get 250 WAN. What happens to the remaining 750 WAN?
For starters, it will be earmarked to support further yield-bearing opportunities throughout the Wanchain ecosystem. At the same time, Wanchain is a community-driven project. That’s why, at a later stage, the Wanchain community can vote to decide how to put these funds to work.
Bullish Development For the Entire Ecosystem
Wanchain’s new escrowed token called xWAN will project its power into many areas of the Wanchain ecosystem. xWan potential use cases range from incentivizing you and your friends to use Wanchain’s cross-chain products, rewarding you for staking blue-chip assets in XStake, and providing new yield opportunities throughout the Wanchain ecosystem, among other benefits.
2025 is shaping up to be an amazing year for Wanchain.
More to come..
P.S.
Make sure you’re subscribed to Wanchain’s Twitter, Telegram or Substack to be the first to know when xWAN officially launches.
About Wanchain
Wanchain is a global leader in decentralised blockchain interoperability and creator of the blockchain industry’s first decentralised cross-chain bridge. Since its founding in 2017, Wanchain has remained committed to driving blockchain adoption by establishing a unified decentralised network of blockchains built on industry-wide standards and specifications. Wanchain’s cross-chain infrastructure, renowned for its top-grade security and industry-best uptime, empowers developers to build truly decentralised cross-chain applications to power the future of Web3. Today, this decentralised infrastructure supports countless products across dozens of EVM and non-EVM networks.
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