PWR vs wPWR – What’s the Difference ?
Getting a Handle on PWR and wPWR
To the average user, the distinction between PWR and wPWR might look confusing at first, but it’s really not that tricky.
Think of wPWR as basically the same as PWR. The main difference is where they’re used.
When you’re swapping tokens on MaxxChain, you can go with either wPWR or PWR. The only catch is if you pick PWR, it magically turns into wPWR before the swap, so it’s super smooth for you. So all in all, wPWR is all about the DeFi stuff on the MaxxChain network.
Meet PWR: MaxxChain’s Homegrown Coin
So then what’s the deal with PWR coin itself? Well it either rests in your DeFi wallet or is used for trading within the chains listed CEX. But remember, if you’re eyeing the cool stuff in the MaxxChain ecosystem, you gotta keep these coins in your DeFi wallet and not on the CEX.
The wPWR Makeover
Here’s the twist: PWR coin isn’t all that into the DeFi scene. To make it play nice in DeFi, it goes through something called “wrapping.” This turns PWR coin into wPWR, a version that’s all set for DeFi action. It’s like putting on a DeFi-ready outfit. And guess what? Both wPWR and PWR are worth the same.
Swapping Styles: PWR to wPWR
Remember those times when you rocked PWR coin on MaxxSwap? Well, there’s some magic happening backstage. MaxxSwap quietly turns your PWR coin into wPWR before hooking you up with your chosen token. And when you’re ready to cash out, MaxxSwap does the reverse trick, turning wPWR back into PWR coin and sending it back to your wallet.
Your Call, Your Choice
At the end of the day, having PWR or wPWR doesn’t change the value game. It’s all about what you like and know. Some folks might go for wPWR because it’s cozy with DeFi, while others might stick with PWR because they want less baggage in the name. But no matter which way you go, the value is the same. It’s all about the flexible and user-friendly style of MaxxChain.