Study Notes | Native Coins and Tokens
① Wrapped tokens map an asset 1:1 to another blockchain or standard. For example, WBTC is an ERC-20 token on Ethereum that represents Bitcoin.
② BNB was first launched in 2017 as an ERC-20 token on Ethereum. In 2019, it migrated to the mainnet of Binance Chain, which had launched at the time, and became a native coin.
③ Keep a small amount of the native coin in your wallet to cover gas fees, so your tokens don’t get stuck and become unusable.
$ETH 2507.48 (+0.67%)
#ETH
For reference only. This is not trading advice.
① Wrapped tokens map an asset 1:1 to another blockchain or standard. For example, WBTC is an ERC-20 token on Ethereum that represents Bitcoin.
② BNB was first launched in 2017 as an ERC-20 token on Ethereum. In 2019, it migrated to the mainnet of Binance Chain, which had launched at the time, and became a native coin.
③ Keep a small amount of the native coin in your wallet to cover gas fees, so your tokens don’t get stuck and become unusable.
$ETH 2507.48 (+0.67%)
#ETH
For reference only. This is not trading advice.