What is Wrapped QUIL (wQUIL)?

Wrapped QUIL (wQUIL) is a utility token on the Ethereum network that facilitates the exchange of compute and storage resources within the Quilibrium network. Acting as a bridge for the QUIL token, wQUIL is pegged 1:1 to rewards earned by node operators.

• Enhances accessibility and liquidity of QUIL
• Supports decentralization and privacy

Purpose of wQUIL

The primary role of wQUIL is to improve the utility and liquidity of QUIL, ensuring smooth exchange across platforms. It aligns with Quilibrium’s goal of decentralized web traffic and privacy.

• Used in Proof of Meaningful Work algorithm
• Sustainable growth model

How to Claim wQUIL

Users can claim their wQUIL tokens by connecting an EVM-compatible wallet via the qClient. A Cross-Mint Proof is generated to complete the claiming process.

• Available on Ethereum Mainnet
• Simple claiming process

What is Quilibrium?

Quilibrium is a decentralized network that ensures privacy and scalability without sacrificing cloud-like functionality. It utilizes cryptographic approaches and a hypergraph structure.

• Privacy-preserving communication
• Scalable infrastructure

Network Design and Communication

Quilibrium's network utilizes advanced cryptographic techniques for secure communication and data storage, including the Planted Clique Addressing Scheme and Shuffled Lattice Routing Protocol.

• Enhanced privacy and Sybil attack resistance
• Efficient communication protocols

Other Projects in the Wrapped-Tokens Category

• Wrapped stETH: a non-rebasing stETH, accumulating yield via increasing exchange rate.
• Coinbase Wrapped Staked ETH: a tradable utility token representing ETH staked via Coinbase for DeFi use.
• Wrapped Beacon ETH: Binance's liquid staking token representing staked ETH and accrued rewards for DeFi.

Wrapped QUIL Price Analysis

As of September 13 2024 Wrapped QUIL has a marketcap of $71M. This is {{percentagefromath}} from its all time high of $0.413403. In terms of its tokenomics, there's a total supply of 359M with 100% currently outstanding. Keep in mind Wrapped QUIL has a fully diluted value of $71M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude