Convert Wrapped POKT WPOKT to Nexo NEXO

What is the project about? Pocket Network is an open protocol that offers developers Reliable, Performant, and Cost-effective RPC access to the open internet. RPC is how every user interacts with - reads or writes to - any blockchain, so it is the most fundamental access point for all of the crypto industry. Pocket Network decentralizes how this process works to deliver more value to all users than would be possible without using blockchain, and to ultimately fulfil Pocket Network's vision of enabling "a future where the world's most important digital infrastructure is owned and governed by its users." What makes your project unique? A DAO governs Pocket Network comprised of participating stakeholders using a unique "proof-of-participation" governance model that avoids plutocracy and focuses more on ensuring widespread representation of the most active and impactful members of Pocket's community. History of your project. The idea for Pocket was forged in 2017, but Pocket's main net launch was on 28 July 2020. Pocket was the first ever decentralized RPC service, and one of the very first DePINs. See here for an overview - What’s next for your project? Pocket is launching a new version of the protocol in the Q1 2024 that is redesigned from the ground up to provide users with the very best RPC service possible and to break the "RPC trilemma" so everyone can benefit from RPC that is as reliable, cost-effective and performant as possible. In the meantime, Pocket is scaling through its community, with more and more gateways built on top of the protocol to grow Pocket's demand with end users, and over 7 different community teams now contributing to the development of the protocol itself. What can your token be used for? Pocket's native cryptocurrency, POKT, facilitates access to a wide network of providers supporting more than 42 chains. POKT incentivizes full nodes to exist, pessimistically validate state transitions, replicate data, and make it accessible to developers. It's analogous to a universal API token, granting access to diverse RPC services from multiple providers for whichever open data source the community decides that the protocol should support. Wrapped POKT (wPOKT) is a tokenized version of POKT that runs on the Ethereum (ETH) blockchain. wPOKT is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated and interoperable with Ethereum's ecosystem of DeFi and DAO tooling and infrastructure. wPOKT is backed by POKT at a 1:1 ratio via a network of validators, allowing users to transfer liquidity between the POKT and the ETH networks in a decentralized and autonomous manner. Holders of wPOKT can bridge it over to the Pocket Network blockchain to stake as a node runner, validator or directly as an application/gateway (after the upcoming upgrade) to access the relay throughput that Pocket Network provides.

What is Nexo? Nexo (https:/nexo.com) is a premier digital assets wealth platform empowering clients to grow, manage, and preserve their crypto holdings. Our mission is to drive the next generation of wealth by prioritizing customer prosperity and delivering tailored solutions for building long-term value, supported by 24/7 client care. Since 2018, Nexo has been delivering unmatched opportunities to forward-thinking clients across more than 200 jurisdictions. Our all-in-one platform combines cutting-edge technology with a client-centric approach, offering high yields on flexible and fixed-term savings, crypto-backed loans, advanced trading tools, and liquidity solutions through the first debit/credit crypto card. Backed by deep industry expertise, a sustainable business model, robust infrastructure, security, and global licensing, Nexo champions innovation and long-lasting prosperity. What is the NEXO Token? The NEXO Token, is Nexo’s native cryptocurrency, offering a wide range of benefits on the platform. NEXO Token holders can earn up to 12% annual interest on tokens held within both the Savings and Credit Line Wallets in their Nexo accounts. Additionally, owning NEXO Tokens grants entry into the Nexo Loyalty Program ( providing valuable benefits such as higher yields on digital assets, up to 0.5% crypto cashback on purchases or swaps made via the Nexo Exchange, borrowing rates starting from 2.9% annual interest, and up to 2% crypto cashback when using the Nexo crypto credit/debit card. Where can you buy NEXO? NEXO tokens can be traded on well-established centralized crypto exchanges. The most popular exchange to buy and trade NEXO is Binance, where the most active trading pair NEXO/USDT has a trading volume of $1,398,440 in the last 24 hours. Other popular options are Bitget, Bybit, Bitstamp, Bitfinex, Gate.io, and many others.