Parex Network
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  • 🦝Parex Network Docs
  • Welcome
    • 🚩Quick Start
      • Parex Network in a nutshell
      • Connect to Mainnet and Testnet
      • Deploy and verify a contract
        • Deploy with Remix IDE
          • ERC-20 smart contract
        • Deploy with thirdweb
        • Verify with Parex Block Explorer
      • Run a Parex Chain Node
      • Become a Validator
        • Run a Validator node
        • Authorization of Other Validators
        • nametag for Validator
        • Validator slashing
        • Validator Locked
      • Parex Halving
  • How we Work
    • 📖Learn
      • About Parex Network
        • Tokenomics
        • Parex Networks Labs
      • Parex Bridge
        • How to bridge PRX PEP20 to BEP20
        • How to bridge PRX BEP20 to PEP20
      • Staking on Parex Chain
        • Locked Stake your PRX on dAPP
        • Unlocked Stake your PRX on dAPP
        • Staking Rewards
        • Staking PRX from your Ledger
      • Become a Validator
        • Run a Validator node
        • Authorization of Other Validators
        • nametag for Validator
        • Validator slashing
        • Validator Locked
      • Glossary
        • Blockchain
        • Consensus mechanisms
        • Governance
        • Validator
        • Staking
        • Wallet
        • PEP-20
        • Wrapped PRX (wPRX)
        • Dead Contract Wallet
      • Parex Halving
  • For Developers
    • 💻Develop
      • Basics
        • Use MetaMask
          • Install MetaMask
          • Link Parex Testnet to MetaMask
          • Link Parex Chain to MetaMask
        • Connect to Parex Chain
          • Connect using RPC
          • Run a Parex Chain Node
          • Use a hardware wallet
        • Block Explorer
        • Parex Testnet Faucets
          • Obtain testnet tokens
          • Obtain TPRX with Parex Testnet Faucet
        • Obtain wPRX or PRX
          • PRX to wPRX
          • wPRX to PRX
        • Deploy and verify a contract
          • Deploy with Remix IDE
            • ERC-20 smart contract
          • Deploy with thirdweb
          • Verify with Parex Block Explorer
        • Tips & Tricks
  • For Community
    • 🫂Community
  • information
    • 🗺️Roadmap
    • ♻️Doc updates
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  • What Is Wrapped Parex (wPRX)?
  • How do I get wrapped Parex (wPRX)?

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  3. Glossary

Wrapped PRX (wPRX)

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Last updated 1 year ago

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In short Wrapped Parex (wPRX) is a tokenized version of the Parex cryptocurrency, designed to work like regular ERC-20 tokens while keeping its original value. This makes it more versatile and useful for developers, similar to other wrapped tokens like wETH or Wrapped BNB.

What Is Wrapped Parex (wPRX)?

wPRX is the wrapped version of Parex.

Wrapped tokens, such as wPRX and wETH, are tokenized versions of cryptocurrencies that are pegged to the value of the original coin and can be unwrapped at any point. Almost every major blockchain has a wrapped version of its native cryptocurrency like Wrapped BNB, Wrapped AVAX, or Wrapped Fantom.

The benefits of this is that developers are able to use an ERC-20 (or PEP20) version of the native token PRX, giving the token the benefits that other ERC20 tokens posses and removes the limitations of a native token, while retaining the same price value as the original PRX.

How do I get wrapped Parex (wPRX)?

Read it all here:

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PAGEObtain Wrapped PRX