NEXA — A Bridge to Ethereum
Good day, Community,
Thanks to our enduring and robust collaboration with Chainge, we are extremely excited to introduce the launch of wNEXA, the wrapped ERC-20 (Ethereum) token version of Nexa.
In this article, we will delve into the concept of wrapped tokens, explore the implications for NEXA, and provide insights into the promising future of our partnership with Chainge.
Chainge Finance
Chainge, empowered by Fusion’s cutting-edge infrastructure, offers streamlined financial services just a tap away. It serves as the gateway to decentralized, automated finance, the bedrock of the impending internet-of-value transformation. Chainge empowers you with absolute control over your assets, eliminating boundaries and intermediaries for a seamless and straightforward monetary experience.
With 75 integrated chains and counting, the app supports over 4,000 assets, allowing users to maximize their wealth’s potential and enjoy a secure, flexible, and worry-free financial life. This makes Chainge a leading authority in the DeFi space.
Through the Chainge integration, Nexa users can trade or store their assets in a secure, flexible, and hassle-free financial environment.
Briding NEXA to Ethereum
Chainge Finance, a trailblazer in the realm of cross-chain DeFi, has achieved a significant milestone by introducing a native Nexa to Wrapped Nexa (wNEXA) custodial bridge on the Ethereum network.
The rollout of this innovative bridge within Chainge’s intuitive DEX mobile application opens up secure and effortless channels for asset transfer between the Nexa network and Ethereum. This momentous launch heralds a plethora of fresh opportunities for Nexa users, facilitating seamless bridging through Chainge’s decentralized exchange (DEX) mobile app. It also paves the way for the potential integration of Ethereum’s well-established DeFi ecosystem.
This exciting step forward opens the door to a wealth of possibilities for not only the Nexa ecosystem but also the Ethereum ecosystem. With this decentralized bridge in place, Ethereum users can now find their way into the Nexa ecosystem, with all the benefits that it brings. The launch of this bridge is pivotal for both ecosystems as it cultivates a broader DeFi landscape on both the Nexa and Ethereum blockchains.
Wrapped NEXA
What is a wrapped token?
A wrapped token is a cryptocurrency or digital asset that represents another cryptocurrency or asset on a different blockchain. The concept of wrapped tokens is primarily used to enable the transfer of assets from one blockchain to another, especially when the two blockchains have different technical standards or protocols.
Wrapped Nexa (wNEXA) is an erc-20 based token that represents Nexa on the Ethereum blockchain. wNEXA establishes a vital bridge between the Nexa and Ethereum networks, granting users the ability to tap into Ethereum’s extensive DeFi (Decentralized Finance) ecosystem while leveraging their Nexa holdings.
wNEXA erc20 address:
The wNEXA contract address is 0xdc5e34ee0c55f3ef7e6944bef504a53ead649e5f and you can follow transactions on https://etherscan.io/token/0xdc5e34ee0c55f3ef7e6944bef504a53ead649e5f .
Users are strongly advised to consistently verify the contract address and remain vigilant against potential scammers. It is always recommended to verify transactions and exercise caution when engaging in trading activities.
How to bridge?
- Tap the $NEXA asset card & select ‘Receiving address’,
- Choose Ethereum chain & tap ‘Copy address’,
- Tap the three dots & select ‘Send’,
- Input the $NEXA amount you want to bridge,
- Choose ‘Send to a blockchain address’,
- Paste your own Ethereum address & select Ethereum chain,
- Tap ‘Pay now’ and sign,
- VOILA! Your $NEXA is now on the Ethereum chain.
Please be aware that when you decide to bridge Nexa to the Ethereum chain and back to native, it’s important to note that there may be potential high Ethereum fees involved.
DeFi on Chainge & features:
Chainge Finance is a decentralized finance application operating on the Fusion blockchain, providing users with absolute authority over their assets and unhindered access to cutting-edge financial tools without the need for intermediaries.
Their ultimate goal is to enable individuals from every corner of the globe to establish their own digital banks. Through Chainge’s automated financial services, people can finally experience complete financial freedom and security, empowering them to take control of their financial destinies.
The Futures DEX enables users to time frame their assets (such as BTC, ETH & many others) and then manage them through smart contracts — which ultimately leads to flawless business transactions or future financial arrangements that are not currently supported by any other blockchain. This essentially means users can generating passive income through Chainge Time-framing and liquidity pools. The DEX LPs offer great APYs, 100% flexibility + security.
From atomic swaps to Futures trading and writing Options, they have ’em all. Exchange your Spot assets in an instant, leverage Futures or Options and enjoy the perks & freedom of a 100% decentralized derivatives market.
Without a doubt, one of the powerful financial instruments the world now has access to through Chainge is the decentralized escrow, which replaces various types of traditional contracts.
You can buy or sell goods or services, trade crypto OTC and many more. All in the blink of an eye, while having the certainty that all contractual conditions will be met.
Another feature is sending and receiving Nexa on your phone number or X handle.
Summary:
The Chainge partnership is a source of tremendous excitement as we look ahead. Together with the Chainge and Nexa teams, we are forging ahead toward a more decentralized approach to engaging with digital assets and financial systems.
This latest milestone in our enduring partnership unlocks opportunities for all Nexa, Chainge, and Ethereum users and ecosystems and provides an array of functionalities, such as DeFi, Time-Framing, non-custodial wallets, LPs. Furthermore we extend our presence in the Ethereum ecosystem where users can use services like lending, staking, yield farming, harnessing the full potential of Ethereum’s expansive network.
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