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NYC on MultiversX

Proposal for the NYC Community: Launching Wrapped NYC on MultiversX!

Dear NYC community, I have an important proposal for you! What do you think about launching Wrapped NYC (WNYC) on the MultiversX blockchain? If you agree, I am ready to take all the necessary steps to bring this project to life. What is Wrapped NYC on MultiversX? Wrapped NYC (WNYC) will be a version of the NYC coin on the MultiversX blockchain, maintaining a 1:1 price peg with the original NYC. Limited supply: I propose a maximum supply of 200 million WNYC, to ensure sustainable liquidity and reduce the risk of inflation. What I will do: Move the coins: I will transfer 200 million NYC from my personal wallet into a dedicated wallet exclusively for this project, ensuring transparency and security. Maintain the 1:1 price peg: I will keep the 1:1 price ratio between the original NYC and Wrapped NYC through arbitrage, ensuring no significant discrepancies between the prices of the two coins. Promotion and development: I am confident that I can promote Wrapped NYC on MultiversX and bring more opportunities to the community through staking, farming, and DeFi on OneDex. Benefits of this launch:

  1. Promoting the original NYC price:

Creating Wrapped NYC will contribute to increasing the visibility and liquidity of NYC, which will help grow the value of the original coin.

  1. Benefits of the MultiversX ecosystem:

XPortal: Easy access for users. DeFi, Staking, and Farming on OneDex: Creating staking and farming opportunities, bringing new capital flows and active users to the platform.

200 million is approximately 0.14% of the total supply of 145 billion NYC.


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