Wrapped MetrixCoin in Binance Smart Chain and Ethereum

Decentralized Finance, or DeFi, has amplified the use of smart-contract technology to run automated agreements within decentralized applications (dApps). DeFi does away with intermediaries (e.g. centralized exchanges) to run peer-to-peer (P2P) transaction agreements between buyers, sellers, lenders and borrowers. The MetrixCoin project would like to introduce to the Metroid Community another use-case for wrapped MetrixCoin – participating in DeFi protocols within decentralized exchanges. Let’s start by addressing some questions regarding wrapped MetrixCoin and how to swap MRX from the native chain to MRXb and/or MRXe.

Why create wrapped MRX?

MRX to be listed on Uniswap, PancakeSwap, InfinityCrypto, and other decentralized exchanges. This improves the accessibility to buy or sell MRX.

Opens the opportunity to listings and provide additional markets with decentralized exchanges at a lesser cost compared to centralized exchanges. Note: As most centralized exchanges support the Ethereum Main Chain and ERC-20 tokens, it is much easier for them to list MRXe than to list MRX on the native Metrix blockchain.

MRXe and/or MRXb may be used with other DeFi protocols, and to purchase NFTs.

Most importantly, wrapped MRX is in line with the MetrixCoin Vision: to create the environments for DeFi protocols on the BSC and Ethereum chain For Everyone, For Everything!

What does this mean for the MetrixCoin project?

Wrapped MetrixCoin may be considered as a payment method for NFTs.

To summarize, the bridging and wrapping of MRX will allow for increased exposure and accessibility for MRX and the MetrixCoin Project. Wrapped MRX is the entryway into Decentralized Finance general uses (exchange, Swap, invest and earn) and a mechanism for MRX holders to explore other blockchains while continuing to use MRX.

What is MRXb and MRXe?

What is a “bridge”?

What does “wrapped” mean?

How will this affect the supply of MRX?

MetrixCoin wrapped products offer the opportunity for the Metroid community to participate in DeFi protocols found at decentralized exchanges. Metroids may now be able to provide liquidity and be incentivized trade fees, and recieve liquidity provider tokens.

Please visit our webpages https://www.metrixcoin.com and https://www.metrixcoin.info. Meet us at Discord, Telegram, Facebook or Twitter.

A community-driven blockchain project that aims to enhance business models and improve business-to-comsumer relationships through our products and services.