WZER

What is wZER?

Wrapped Zero (wZER) is a Binance Smart Chain (BEP-20) token. Users can opt to swap an amount of ZER for wZER in order to use them on the Binance Smart Chain. Users are able to swap these tokens back to ZER at any time. Wrapping.Services is the maintainer of the ZER/wZER bridge and of the wZER BSC smart contract. Users can opt to swap an amount of ZER for wZER in order to use them on the Binance Smart Chain. Both T & Z addresses are compatible, meaning both transparent & private transactions are accepted. For every ZER you send to the bridge, you will receive 1 wZER on the BSC. The total amount of wZER in circulation is always the total amount of ZER wrapped through the bridge. wZER that are unwrapped are burnt automatically by Wrapping.Services. wZER was created in an effort to amplify ZER’s functionality, visibility and to enable investors’ access to private  DeFi.

By enabling users to anonymize transactions when moving ZER on/off the Binance Smart Chain (BSC), ZER is helping users to maintain privacy while accessing the exciting world of Decentralized Finance (DeFi). We call this ZeFi — Zero-enabled, private DeFi!

What can I do with wZER?

wZER gives you access to the whole BSC DeFi Ecosystem. wZER will be first available at PancakeSwap with a wZER/USDT pool where you can exchange your wZER for USDT or any other asset that has a pool on PancakeSwap, even if it is not directly connected. This is done through a set of smart contracts that provide an automatic routing process. You can also opt to add wZER liquidity to an existing pool or to create a new liquidity pool to pair wZER to any asset of your choice.

What are the benefits of getting ZER on Binance Smart Chain & PancakeSwap?

1. ZER will be available on a Decentralized Exchange (DEX).  Anyone in the world will be able to buy ZER (as wZER — the wrapped version of ZER) on the Binance Smart Chain using PancakeSwap. Both (T) Transparent & (Z) Private addresses are compatible, enabling investors access to private DeFi.

2. Expansion of trading pairs — users will be able to swap wZER directly with many other tokens listed on PancakeSwap & Binance Smart Chain.

3. Lower fees and faster transactions for wZER trading on BSC and PancakeSwap compared to other DEXs.

4. Users will be able to store their wZER with other coins, with their choice of wallets (like Metamask, Trust Wallet, & other wallets supported by the Binance Smart Chain).

5. Zero will be able to further expand its DeFi offerings by leveraging PancakeSwap’s foundational capabilities like Liquidity Pool Rewards, Staking, Farming, etc.

6. ZER holders will have yet another choice to earn a passive income (today they earn by staking using shared pools or via running a Zero Masternode). They will now be able to earn by contributing to a wZER pool.

7. Reduced dependency on Centralized Exchange (CEX) — tokens often get adversely affected by exchanges or country-specific policies. DEX pools ensure users’ ability to trade in the listed token is never affected. Users also stay in control with no funds sitting in a hackable CEX wallets.

8. By integrating with the Binance Smart Chain, ZER already becomes a part of the Binance Ecosystem. This helps with the efforts in the direction of listing with Binance DEX & CEX.

9. wZER will be able to leverage BscScan — an industry leading explorer — for high-level insights in real-time.

10. Project awareness and expansion of the community — ZER’s presence on the Binance Ecosystem will help spread more awareness about Zero’s Ecosystem and attract new community members.

FAQ: ZER vs. wZER

A: No. ZER is the native coin of Zero Currency’s ecosystem and is core to the Zero strategy.

A: wZER was created in an effort to amplify ZER’s functionality, visibility and to enable investors access to private DeFi.

A: No. wZER is the same coin as ZER. To make it simple, wZER is ZER on the Binance Smart Chain.

A: wZER BEP-20 contract address: 

A: Yes. wZER is on the standard BscScan explorer. You can see wZER on BscScan here.

A: Experienced Metamask users may use the EDIT option to change the network fee for cheaper transaction fees. However, we suggest you leave the default fee in place as sometimes it can show as a failed transaction if set too low.

A: No. The total supply stays the same as the total supply of ZER. When you convert ZER to wZER, your ZER is locked and no one will have access to it until you convert back from wZER to ZER (you don’t have to.) If you choose to convert wZER to ZER, the amount of wZER you are converting is automatically burnt and an equal amount of ZER is unlocked and transferred to you.