About the New Token Listing category

About Wrap Protocol

Wrap is a decentralized bridge between Ethereum and Tezos for ERC20 and ERC721 tokens.

Through Wrap, users issue wTokens (wrapped tokens) which are representations of ERC20 and ERC721 tokens on the Tezos blockchain. wTokens can then be used on the Tezos blockchain, and their value is pegged to the original tokens. Wrap is a decentralized protocol, relying on a strong federation (the Signers Quorum) that guarantees the stability of the protocol, and a community of $WRAP governance token holders.

Read the whitepaper

Visit our app

Bender Labs Website

Wrap Protocol “lists” a set of several ERC20. ERC721 support is coming soon. Projects that want to be listed on the Wrap protocol need to apply through the following process

Application

  1. Projects apply on our Discourse: community.benderlabs.io under NEW TOKEN LISTING

  2. Projects need to provide the following information:

  3. Token Smart Contract Address

  4. Token Whitepaper

  5. Website

  6. Twitter

  7. Discord

  8. Other social media accounts

  9. Size of community

  10. Lunar Crush Score

  11. Main team members

  12. Other information

People upvote applications on Discourse. We’ll process applications with the most upvotes first.

Initial Due Diligence

Technical Prerequisite: before anything, the token needs to go through a technical audit from Bender that will assess whether or not the token can be added. Some rules of thumbs:

  • The more standard the ERC20 the better
  • No rebasing
  • No royalties
  • If the smart contract is upgradeable: no planned upgrade

Other due diligence

  • Document Review
  • Community Review
  • Liquidity and Trading Volume Review
  • Others

Listing Process

If the due diligence is successful, the listing process takes 1 month. Projects need to:

  • Buy and hold 10,000 $WRAP tokens for 1 month
  • Participate in 1 co-branded webinar to explain Wrap Protocol to their community
  • Promote on social media channels (Discord, Twitter, Telegram) that the project is joining Wrap at least 3 times (1 - prior to joining, 1- day of launch, 1 - 2 weeks after launch)
  • Swap your token logo on social media for the wrapped token version for 1 month (example for wDAI below)

At the end of the listing process, which should last about 1 month, the project’s token will be added to Wrap Protocol