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21.co Wrapped Tokens represent a comprehensive suite of on-chain technology products spanning various EVM and non-EVM based networks, each supported by its respective underlying assets (1:1). The underlying for the 21.co Wrapped Tokens are held at independent institutional-grade custodians. For example, a single 21BNB is fully backed 1:1 with 1 BNB. The minting and burning of these tokens are streamlined through Onyx, 21.co's proprietary operating system, providing a user-friendly and secure gateway to cross-chain liquidity.
21.co Wrapped Tokens represent a comprehensive suite of on-chain technology products spanning various EVM and non-EVM based networks, each supported by its respective underlying assets (1:1). The underlying for the 21.co Wrapped Tokens are held at independent institutional-grade custodians. For example, a single 21BNB is fully backed 1:1 with 1 BNB. The minting and burning of these tokens are streamlined through Onyx, 21.co's proprietary operating system, providing a user-friendly and secure gateway to cross-chain liquidity.
The purpose of 21.co Wrapped Tokens on Fantom Bomb is to provide users with a secure and efficient way to access cross-chain liquidity while ensuring each token is fully backed by its underlying asset at a 1:1 ratio. This solution integrates various EVM and non-EVM networks, leveraging institutional-grade custodianship for underlying assets.
21.co Wrapped Tokens can be used to streamline cross-chain transactions, facilitate access to liquidity across diverse blockchain ecosystems, and ensure asset security through institutional-grade custodianship. The minting and burning of these tokens are handled by Onyx, 21.co's proprietary operating system, ensuring a seamless user experience.
The key benefits of using 21.co Wrapped Tokens include their 1:1 backing with the underlying asset, allowing for secure and trustworthy transactions. Additionally, these tokens provide users with easy cross-chain liquidity access and streamlined transactions through Onyx, 21.co's proprietary platform, differentiating them from traditional tokens.
21.co Wrapped Tokens offer unique advantages such as the integration across multiple EVM and non-EVM networks and the use of institutional-grade custodians for asset security. The proprietary system, Onyx, simplifies the minting and burning processes, providing efficient and secure cross-chain liquidity compared to alternative wrapped tokens.
21.co Wrapped Tokens hold relevance in the blockchain industry by enhancing cross-chain liquidity, ensuring full asset backing, and integrating with multiple blockchain networks, including the Ethereum, Heco, Canto, and Arbitrum ecosystems. This positions them as a versatile tool in the continuously evolving blockchain space.
If you experience issues with 21.co Wrapped Tokens, it's advisable to reach out to their support team for guidance. Additionally, reviewing the documentation provided by 21.co on using their operating system, Onyx, can help troubleshoot common issues, ensuring smooth token minting, burning, and transaction processes.
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