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.