Thunderhead’s wrapped tPOKT (wtPOKT) is tPOKT which is deposited into the tPOKT wrapper to create a new token called wtPOKT.Wrapping tPOKT creates a stable-balance, DeFi-compatible version of the tPOKT token which allows for easier integrations with DeFi protocols including Uniswap. One's tPOKT balance continously increases due to distributions of node rewards via rebase. This causes one's tPOKT balance to continously increase. Unfortunately, some DeFi protocols, like Uniswap v3, keep track of user's balances, which causes users to lose rebase rewards. These types of protocols require fixed-balance tokens for optimal usage.
To achieve this, we created a fixed balance token for tPOKT let's you ""wrap"" your tPOKT into wtPOKT to keeps your token balance fixed. wtPOKT and tPOKT are interchangeable at any time, and earn the exact same rewards. The only difference is that one's wtPOKT balance will stay the same, but will be redeemable for more tPOKT, whereas one's tPOKT balance will just increase.
Where is Wrapped ThunderPOKT available for purchase?
You can exchange WTPOKT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Wrapped ThunderPOKT is Uniswap V3 (Polygon), notably the WTPOKT/USDC.E pair, which saw a trading volume of $ 41.44 in the past day.
What is the highest value Wrapped ThunderPOKT (WTPOKT) has ever reached?
Wrapped ThunderPOKT (WTPOKT) reached its peak price at 2.59 $ on 04 April 2022, approximately 3 years ago ago. Presently, the current price is -88.11% lower than this all-time high.
What is the historical minimum price for Wrapped ThunderPOKT (WTPOKT)?
The minimum price reached for Wrapped ThunderPOKT (WTPOKT) was 0.0518 $, documented on 23 October 2023, more than 2 years ago. In comparison, the current price is 494.21%, it above this historical low.
What is the fully diluted valuation of Wrapped ThunderPOKT (WTPOKT)?
The fully diluted valuation (FDV) of Wrapped ThunderPOKT (WTPOKT) stands at $ 60,438. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of WTPOKT tokens. The realization of this FDV might take several years depending on the emission schedule of WTPOKT tokens.