Dynex to Release Wrapped Token in July

📢 Hello there, ERC-20! 🔥

We are very happy to announce that Dynex will be releasing a wrapped token, $0xDNX, on the Ethereum blockchain within a month! An extensive audit process, both internally and externally, is underway to ensure there are no security flaws, which is why the exact date cannot be provided at this time.

Exposure to the Ethereum blockchain will enable our wrapped token to be traded on decentralized exchanges (DEX), significantly increasing market exposure and potential volume. This is one of many reasons the Angel round was conducted now, as we look to roll out a comprehensive native approach. Accessing wider audiences is a core target for the team.

A bridge will be made available to securely swap between the wrapped token and the native token ($DNX). There will now be a variety of additional storage options available to Dynex holders via the wrapped token for those who have existing wallets that support the Ethereum blockchain. This will not halt the existing storage developments being made for the native token.

The wrapped ETH token will enable us to plan and execute a much easier listing strategy, with talks already taking place with a number of notable exchanges. This is just one of many major catalysts coming up, with expansion into other major chains being discussed by our advisory board.

$DNX #Dynex #quantum #AI #DePIN #PoUW #0xDNX Ethereum Foundation $ETH #bridge #web3