The difference between WXEP and XEP

The official cryptocurrency of Electra Protocol is called XEP (native coin). XEP coins are used for transferring XEP coins and for paying XEP gas fees.

In autumn 2021, WXEP tokens (wrapped XEP tokens) were additionally released on the Binance Smart Chain in order to make (wrapped) XEP accessible to a wider audience. In order to achieve that, a part of the 2021 premine was allocated as Binance Smart Chain collateral.

XEP and WXEP are having the same value, which means they can be converted 1:1. However, since XEP runs on its own Electra Protocol blockchain, both tokens don’t come with the same characteristics. Wrapped XEP tokens cannot participate in XEP staking, for example.

Users have to use decentralized Komodo wallet in order to convert WXEP to XEP and vice versa. XEP coins cannot be sent to WXEP addresses. WXEP tokens cannot be sent to XEP Wallets. If you want to hold your WXEP tokens in a wallet, consider using a WXEP Wallet for this.

XEP has a current supply of ~17.5 billion XEP coins (October 2022; current supply see XEP Block Explorer), while XEP tokens (wrapped XEP) on PancakeSwap have a supply of 850 million. The liquidity was provided by individual community members and it was secured with a part of the premined XEP coins.

You can buy XEP coins (the native currency of Electra Protocol running on the Electra Protocol blockchain) or Wrapped XEP tokens (the wrapped version of Electra Protocol running on the Binance Smart Chain) on the pages listed below.

• Buy XEP coins here: XEP exchanges
• Buy Wrapped XEP tokens: WXEP exchanges

There is not yet XEP Hardware Wallet support available for holding XEP coins (running on the Electra Protocol blockchain). However, using Wrapped XEP tokens, you can store wrapped XEP tokens on a WXEP Hardware Wallet (running on the Binance Smart Chain blockchain).