Wrapped Tokens (WCRO/WETH)
What are wrapped tokens?
You may use wrapped tokens (i.e. WCRO and WETH) to buy and sell NFTs on Minted. Additionally, you must use wrapped tokens when you make an offer for an NFT. This allows you to make a pre-authorised offer that can be fulfilled at a later date without any further action from you. A wrapped token is pegged at a 1:1 ratio to the price of an unwrapped token. For example, one WCRO is always equal to one CRO.
Exchanging wrapped tokens
Wrapped tokens can also be traded on cryptocurrency exchanges just like any other coin. For example, WCRO is an ERC20 token that is pegged 1:1 to CRO’s value. You simply need to exchange CRO for WCRO in a trade, either by using a smart contract or a digital wallet.
We suggest using these cryptocurrency swap platforms:
• VVS Finance for CRO/WCRO or MTD
• Uniswap for ETH/WETH
Here’s how you can convert CRO to WCRO or MTD on VVS Finance:
Go to VVS Finance - Swap.
Connect to your wallet (the same wallet you will be using on Minted)
Enter the amount for the token that you’d like to swap and select the token that you’d like to receive. Then, click Swap.
Review the swap’s details and the number of tokens you’ll receive before clicking Confirm Swap.
This will initiate a transaction in your wallet. Approve the transaction to proceed.
Once you receive a notification from VVS Finance, your token swap is a success! You may now check out your new tokens in your wallet.
Check out this tutorial to learn how to use Bling Swap on VVS Finance.
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