Wrapped iKAS (Zealous Swap)

WIKAS Price

About Wrapped iKAS (Zealous Swap) (WIKAS)

Wrapped iKAS (Zealous Swap) is the ERC20 compatible representation of iKAS, the bridged native asset of the Kaspa network on the Igra Layer 2 scaling solution.

• Facilitates the integration of Kaspa liquidity into the Ethereum Virtual Machine (EVM) ecosystem of the Igra network.
• Acts as a primary liquidity asset and trading pair on Zealous Swap, the first decentralized exchange built for the Kaspa ecosystem.
• Enables users to utilize their holdings for decentralized finance (DeFi) activities such as automated market making, yield farming, and staking.

What Is Wrapped iKAS (Zealous Swap)

Wrapped iKAS (Zealous Swap) serves as a bridge between the Proof of Work security of the Kaspa network and the smart contract capabilities of the Igra Layer 2. While native KAS cannot interact directly with smart contracts, it can be bridged to Igra as iKAS, which is pegged 1:1 to the underlying asset. WIKAS is the wrapped token version of this bridged asset, adhering to the ERC20 standard to ensure compatibility with decentralized applications.

Value moves through the system as users bridge their KAS from the Kaspa mainnet to the Igra network, receiving iKAS in return. To participate in the Zealous Swap ecosystem, users wrap their iKAS into WIKAS, allowing the token to be put to work in liquidity pools or used as a base currency for trading other assets on the network. This architecture allows the ecosystem to scale by offloading transaction execution to the Igra Layer 2 while maintaining a value link to the Kaspa blockchain.

What Makes Wrapped iKAS (Zealous Swap) Unique

• Ecosystem Pioneer: It is the first wrapped representation of Kaspa assets on the Igra network, providing the initial liquidity foundation for the ecosystem.
• DEX Integration: WIKAS is deeply integrated into Zealous Swap, serving as the core asset for the platform's automated market maker and launchpad services.
• Trust-Minimized Bridging: The asset is backed 1:1 by KAS locked on the Kaspa Layer 1, managed through a bridging protocol that utilizes community guardians to ensure state consistency.

What Can You Use Wrapped iKAS (Zealous Swap) for?

• Liquidity Provisioning: Users can add WIKAS to liquidity pools on Zealous Swap to earn a portion of the trading fees generated by the platform.
• Yield Farming: The platform offers high yield farming opportunities where users can stake their liquidity provider tokens containing WIKAS to earn additional rewards.
• Asset Trading: WIKAS serves as a central trading pair, allowing users to swap into new tokens launched on the Igra network, such as the IGRA governance token.
• Launchpad Participation: Through the Zealous Auctions Protocol, WIKAS can be used to participate in fair launch token auctions with on-chain price discovery.

How Does Wrapped iKAS (Zealous Swap) Work?

Wrapped iKAS (WIKAS) operates using a standard wrapper contract on the Igra Layer 2. When a user sends iKAS to the wrapper contract, the contract mints an equivalent amount of WIKAS. Conversely, burning WIKAS releases the underlying iKAS back to the user's wallet. This process ensures that the supply of WIKAS is always collateralized 1:1 by iKAS.

As an application utility token, WIKAS is used for interactions within the Zealous Swap decentralized exchange. While the Igra network utilizes its native bridged asset for transaction processing, WIKAS facilitates protocol service fees and liquidity management within smart contracts. The Ethereum Virtual Machine (EVM), a decentralized computation engine that executes smart contracts, handles the logic for these interactions on the Igra Layer 2, which is a scaling solution built on top of a base blockchain.

Team Info and Investors

The development of the Wrapped iKAS (Zealous Swap) infrastructure and the Zealous Swap platform is led by Igra Labs, an organization associated with the Igra Association based in Switzerland. The network's security and bridge operations are supported by a group known as the Community Guardians, who manage the multi-signature release of funds during the bridging process. The project emphasizes a fair launch model, with the IGRA governance token being distributed through on-chain auctions rather than private venture capital rounds.

Where can you buy Wrapped iKAS (Zealous Swap)?

WIKAS tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Wrapped iKAS (Zealous Swap) is Zealous Swap (Igra), where the most active trading pair IGRA/WIKAS has a trading volume of $1,805.23 in the last 24 hours.

What is the daily trading volume of Wrapped iKAS (Zealous Swap) (WIKAS)?

The trading volume of Wrapped iKAS (Zealous Swap) (WIKAS) is $2,934.92 in the last 24 hours, representing a -71.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Wrapped iKAS (Zealous Swap) (WIKAS)?

Wrapped iKAS (Zealous Swap) (WIKAS) reached an all-time high of $0.03460 and an all-time low of $0.02978. It’s now trading -12.50% below that peak and 1.60% above its lowest price.

What is the market cap of Wrapped iKAS (Zealous Swap) (WIKAS)?

Market capitalization of Wrapped iKAS (Zealous Swap) (WIKAS) is $960,202 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WIKAS tokens (32 Million tokens are tradable on the market today).

What is the fully diluted valuation of Wrapped iKAS (Zealous Swap) (WIKAS)?

The fully diluted valuation (FDV) of Wrapped iKAS (Zealous Swap) (WIKAS) is $959,964. This is a statistical representation of the maximum market cap, assuming total number of 32 Million ETH tokens are in circulation today.

How does the price performance of Wrapped iKAS (Zealous Swap) compare against its peers?

With a price decline of -3.00% in the last 7 days, Wrapped iKAS (Zealous Swap) (WIKAS) is underperforming the global cryptocurrency market which is down 0.00%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 7.70%.