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Wrapped BNB Metrix
About Wrapped BNB Metrix
Wrapped BNB Metrix (MRXB) represents MetrixCoin (MRX) on the Binance Smart Chain, while MRXe represents it on Ethereum. This wrapping process allows MRX holders to participate in decentralised finance protocols on these blockchains, enhancing MRX's utility. MRXB and MRXe are minted by locking MRX in a smart contract, maintaining a 1:1 ratio between the wrapped tokens and the original MRX.
Wrapped Metrix (MRXB) is a token that represents MetrixCoin (MRX) on the Binance Smart Chain (BSC). It also exists as MRXe on the Ethereum blockchain. The process of "wrapping" involves locking MRX in a smart contract, which then mints an equivalent amount of MRXB or MRXe tokens. These wrapped tokens can then be used on their respective blockchains while the original MRX remains secured in the smart contract.
Wrapped MetrixCoin enables holders of MRX, referred to as Metroids, to participate in decentralised finance (DeFi) protocols on the Binance Smart Chain and Ethereum. This increases the utility of MRX by allowing it to be used in various DeFi applications such as providing liquidity in pools on decentralised exchanges. By wrapping MRX into MRXB or MRXe, users can engage in these ecosystems, leveraging the advantages of both BSC and Ethereum networks.