Wrapped NCG (WNCG) is the token from the platform Nine Chronicles. The platform operates as a decentralized gaming network with an aim to allow players to govern, mine, and play games on the network. The Nine Chronicles platform offers games with features such as dungeons, trading, building, and strategizing explorations.
Nine Chronicles plans to offer different playing options to the users, such as:
Adventures — Games that involve competing with other players
Miners — Mining new resources using the gaming options
Merchants — Balancing the supply and demand of materials on the platform
Politicians — Issuing passes, verifying amendments, and so on
The primary token offering of the platform is NCG, mainly utilized within the gaming ecosystem. However, the Nine Chronicles platform also employs the WNCG or wrapped NCG. (Wrapped tokens have values pegged to a specific cryptocurrency but can operate on other blockchains. Wrapped NCG is a wrapped token associated with NCG and serves as an ERC20 coin.)
According to the whitepaper, as an ERC20 token, WNCG works on the Ethereum blockchain. Nine Chronicles seeks to combine the NCG advantages with the flexibility of ERC20 in the WNCG token. The platform plans to allow users to trade NCG for WNCG in a 1:1 ratio on the Ethereum blockchain.
History of Wrapped NCG(WNCG):
The release of WNCG was on August 17, 2021. The total offering stands at 2,000,000 WNCG.