Bismuth offers direct cross-chain compatibility in the form of Wrapped Bismuth. Mint or release wBIS across different protocols directly from the Bismuth Tornado Wallet, a light wallet that runs in your browser. It’s that easy.
What's the difference between BIS & wBIS?
Bismuth (BIS) is the native token operating on the Bismuth protocol, the first Python-based blockchain platform. BIS is used to cover operation fees, similar to how ETH is used to cover gas fees.
Wrapped BIS (wBIS) operates as ERC-20 and BEP-20 tokens, respectively on the Ethereum & Binance Smartchain protocols. wBIS can be converted to BIS at a 1:1 rate using a cross-chain bridge.
Mainnet BIS and wBIS share supply. Bridges seamlessly enable the minting (creation) & releasing (burning) of wBIS. When wBIS is minted, BIS is locked while wBIS is created. When wBIS is released, the opposite happens- BIS is unlocked, and wBIS is burned. wBIS is backed 1:1 by mainnet Bismuth, pro rata.
Bismuth has grown into a cross-chain ecosystem with the introduction of Bridges. Bismuth cross-chain bridges exist as Crystals, which are accessible from the Bismuth Tornado Wallet. Mint Wrapped Bismuth and access liquidity on other protocols easily.
Liquidity is a crucial facet of any token’s on-market presence. Bismuth offers growing & ubiquitous liquidity across all protocols accessed by cross-chain bridges, with initial liquidity financed by the Bismuth Foundation, and further liquidity provisioned through widespread liquidity incentives.
Anyone can mint and release wBIS from within the Bismuth Tornado Wallet – an open-source, light wallet that runs in the browser. The cross-chain bridges are decentralized applications, and exist as optional Crystals (functionalities) from within the Tornado wallet.