What is so special with Nengcoin why you created wrapped coin for this? I thought only popular coins like BTC have wrapped type coin. Also, I haven't seen Nengcoin listed in coingecko or cmc, so is this available for trading only at SouthXchange? What will be the benefits of those who will swap their NENG to WNENG?
Yes, you can checkout Nengcoin bitcointalk ann to find link to trade NENG at southxchange and shorelinecrypto.
Nengcoin (formerly NewEnglandcoin) just got listed in SouthXchange recently and along with WNENG. Nengcoin itself almost has been around for three years. The specialty of Nengcoin other than it started as regional coin in USA:
(1) technology, Nengcoin started as ASIC mining coin on scrypt (a litecoin clone) three years ago. Now it is changed to multi-rig scrypt coin with mining heavily by USB ASIC miners and CPU and android phone miners. It is first coin that developed mobile mining technology that offers profitable and reasonable proof-of-work mining for android phones. It is good choice for mining on a cheap USB ASIC rigs like futurebit moonlander2 too.
(2) mobile decentralization movement along with Cheetahcoin for average people across globe who only have android phones, who can not afford big ASIC rigs (machine cost or electricity cost) who can dual mine Nengcoin & Cheetahcoin in the same phone (same PC too) profitably.
(3) price appreciation potential, great for investors and hodlers.
Nengcoin price on USD rise was close on par with dogecoin, which is best coin in the market so far recently. In 2020 one year, Nengcoin price rise on USD was actually higher than dogecoin.
So the WNENG WrappedNengcoin is just another extension to Nengcoin eco-system to allow NENG investors and fans to have another entry into DeFi world. NENG + WNENG you have everything at home at low cost, script ASIC mining, USB ASIC mining, PC CPU mining, android mining, DeFi, liquidity pool farmining, dex swapping. Have fun and welcome to Nengsters communities
