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Wrapped CHZ (wCHZ)
Wrapped tokens, like wCHZ or wETH, are tokenized versions of cryptocurrencies that are pegged to the value of the original coin and can be unwrapped at any point. Unwrapping will return the token back to its original state
wCHZ is the wrapped version of Chiliz. Wrapped tokens, like WETH are tokenized versions of cryptocurrencies that are pegged to the value of the original coin and can be unwrapped at any point. Almost every major blockchain has a wrapped version of its native cryptocurrency like Wrapped BNB, Wrapped AVAX, or Wrapped Fantom.
The benefits of this is that developers are able to use an ERC-20 (or CAP20) version of the native token CHZ, giving the token the benefits that other ERC20 tokens posses and removes the limitations of a native token, while retaining the same price value as the original CHZ.
To get wrapped CHZ you can use our wrapper on the Chiliz Bridge Dapp:
Step 1: Click "Wrap CHZ" in the top menu
Step 2: Connect your Metamask wallet
Step 3: Select what you want to convert, select CHZ if you want to wrap and wCHZ if you want to unwrap
Step 4: Choose how many tokens you want to wrap/unwrap
Step 5: Click "Wrap/Unwrapp CHZ"
Step 6: Follow the steps in Metamask