The RiveX WRC-20 and ERC-20 Total Supply Split Explained!
An overview of the RiveX supply split across Wanchain and Ethereum to empower a dual ecosystem
RiveX Split WRC-20 and ERC-20 Total Supply
RiveX will have two separate market caps, one for the WRC-20 supply and another for the ERC-20 supply. This will be differentiated by two logos, WRC-20 RVX with the blue RX logo and ERC-20 RVX with the grey RX logo as shown above. Token trackers will have separate listings and each market cap will be tracked separately. Our WRC-20 and ERC-20 supply distribution can be seen below:
**PLEASE NOTE: BitMax, WRDEX and the upcoming League of Stakes will only support WRC-20 based RVX tokens.**
What is the need for ERC-20 RVX and why a dual ecosystem?
To get a better understanding of why RiveX has chosen to do a supply split across Wanchain and Ethereum, we have prepared two in-depth articles on the Burn-and-Mint equilibrium, dive in here below.
Burn-and-Mint Equilibrium is a one-way bridge from WRC20-RVX token standards to ERC20-RVX token standards. A portion of the WRC20-RVX token supply will be burned and then minted on the Ethereum blockchain as ERC20-RVX. By doing this, RiveX DeFi solutions and initiatives will happen on both WRC-20 and ERC-20 based RVX.
About RiveX
RiveX is a chain agnostic interoperable layer-2 solution across different blockchain protocols. RiveX aims to empower the next generation of decentralized applications, decentralized finance and enterprise solutions. RiveX has comprehensive interoperable DeFi solutions such as RX Wallet which aims to integrate DAPPS from different blockchain protocols to enable an interoperable DeFi ecosystem within RX Wallet itself. The first DAPP which RX Wallet has already integrated is WRDEX. Another core product powered by RiveX is the world’s first cross-chain DEX called WRDEX.
👇 More about RiveX 👇
RX Wallet | WRDEX | Website | Twitter | Telegram | Medium | GitHub
