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Wrapped NCG

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Discover Wrapped NCG's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Wrapped NCG?

Wrapped NCG (WNCG) is a cryptocurrency token that represents Nine Chronicles Gold (NCG), the main in-game currency and governance token used in the Nine Chronicles network. It is a decentralized, open-source RPG network where players can spend NCG to craft items, trade, challenge each other, and accelerate growth. WNCG can be traded on various exchanges and is highly volatile, making it a high-risk investment.

How is Wrapped NCG used?

Wrapped NCG (WNCG) is the governance token for Nine Chronicles, a decentralized online role-playing game universe. The token incentivizes new content and universe expansion, allowing players and holders to enjoy a unique gaming experience, create yields, and exercise creative freedom. It is used to facilitate the decentralized network, where player data is publicly accessible and actions are verified through fair and transparent rules.

How do I store Wrapped NCG?

To store Wrapped NCG (WNCG) tokens securely, it is recommended to use a cryptocurrency wallet rather than storing them on an exchange. There are two types of wallets: software wallets (also known as hot wallets or digital wallets) and hardware wallets (also known as cold wallets). Software wallets are connected to the internet and are less secure, while hardware wallets allow you to store your crypto keys offline, providing a higher level of security. Ledger is a highly secure hardware wallet option for storing cryptocurrencies. Each hardware wallet comes with a seed phrase, which acts as a key to unlock the wallet and transfer its contents.

How to buy Wrapped NCG?

To buy Wrapped NCG (WNCG) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy and reputable exchange that supports Wrapped NCG (WNCG) purchases. Consider factors such as ease of use, fee structure, and supported payment methods. Popular exchanges include CoinEx, OKX, gate.io, and MEXC.

  2. Create an Account: Register on the chosen exchange by providing the required information, including your name and email address. Ensure you set a secure password and enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require providing government-issued identification documents. This step is crucial for accessing more features and services on the platform.

  1. Add a Payment Method: Follow the exchange's instructions to add a payment method, such as a credit/debit card, bank account, or other supported options. The specific information required may vary depending on your bank's security requirements.

  2. Buy Wrapped NCG (WNCG): Use your added payment method to purchase Wrapped NCG (WNCG) directly with fiat currency if supported. Alternatively, you can buy a popular cryptocurrency like USDT and then exchange it for Wrapped NCG (WNCG).

  3. Store Your Wrapped NCG (WNCG): Once purchased, you can store your Wrapped NCG (WNCG) in your exchange account or transfer it to a personal cryptocurrency wallet for added security and control.

Remember to research and compare exchanges, fees, and security features before making a purchase. Additionally, consider your investment approach and storage options carefully to ensure a smooth and secure experience.

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History of Wrapped NCG

Wrapped NCG (WNCG) is the IP and governance token for Nine Chronicles, the world's first fully on-chain, open-sourced online role-playing game universe powered by the community. The game's core experience is built on a decentralized network, where player data is publicly accessible and actions are verified through fair and transparent rules. Wrapped Nine Chronicles Gold incentivizes new content and universe expansion, allowing players and holders to enjoy a unique gaming experience, create yields, and exercise creative freedom.

WNCG has a rich history, with its all-time high recorded on August 17, 2021, at $4.86. Since then, it has experienced significant fluctuations, reaching an all-time low on November 24, 2022, at $0.04752. As of recent data, the token's price has been around $0.07.

The token's market capitalization and trading volume have also seen significant changes over time. The market capitalization currently stands at around $22 million, with a 24-hour trading volume of approximately $582,000. The circulating supply of WNCG is approximately 356 million tokens, with a total supply of 569 million tokens.

Wrapped NCG's historical data can be accessed through various platforms, providing detailed information on its price history, trading volume, and market capitalization. This data can be viewed in different time ranges and frequencies, allowing users to track the token's performance over time.

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How Wrapped NCG works

Wrapped NCG (WNCG) is a cryptocurrency token that operates within the Nine Chronicles ecosystem, a decentralized online role-playing game universe. Here's how it works:

Token Overview

Wrapped NCG is an ERC-20 token, which means it is built on the Ethereum blockchain. This token is a 1:1 representation of the in-game currency, Nine Chronicles Gold (NCG), and offers the flexibility of an ERC-20 token.

Functionality

Wrapped NCG serves several purposes within the Nine Chronicles ecosystem:

  1. Governance: WNCG is used for governance and decision-making within the game, allowing holders to participate in shaping the game's development and direction.

  2. In-Game Currency: WNCG can be used to purchase in-game items, participate in trading, and engage in other activities within the game.

  3. Yield Generation: Holders of WNCG can earn yields through various mechanisms, such as staking or participating in the game's ecosystem programs.

Technical Details

Wrapped NCG is traded on various cryptocurrency exchanges, including Gate.io, OKX, and BingX, and can be stored in compatible wallets like MetaMask. The token's price is calculated by aggregating data from multiple exchanges and markets, using a volume-weighted average formula.

Market Performance

Wrapped NCG's market performance is tracked through various metrics, including its market capitalization, trading volume, and price movements. The token's price has experienced significant fluctuations, with an all-time high of $4.86 and an all-time low of $0.04752.

Community and Development

Wrapped NCG is part of the Nine Chronicles project, which is a fully decentralized RPG powered by its community. The project has raised $8.80 million through an initial DEX offering (IDO) and has a strong focus on community engagement and development.

In summary, Wrapped NCG is a governance and in-game currency token within the Nine Chronicles ecosystem. It operates on the Ethereum blockchain, allows for governance and yield generation, and is traded on various exchanges.

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Wrapped NCG's strengths

Wrapped NCG (WNCG) is the governance token for Nine Chronicles, a decentralized, open-source online role-playing game universe. The token's strengths include:

  • Decentralized Gaming Experience: Nine Chronicles is a fully on-chain game, ensuring that players have full access to the code and data, providing a transparent and fair gaming environment.
  • Community Incentivization: The token incentivizes the creation of new content and the expansion of the game universe, allowing players and holders to participate in the development process and enjoy unique gaming experiences.
  • Governance: As the governance token, Wrapped NCG gives holders a say in the direction and development of the game, ensuring that the community has a significant role in shaping the project's future.
  • Market Presence: Wrapped NCG is listed on multiple exchanges, including LATOKEN, OKX, Bithumb, and Gate.io, providing liquidity and accessibility for investors.
  • Open-Source: The game's open-source nature allows for community involvement and contributions, fostering a collaborative environment and potential for innovation.

These strengths highlight Wrapped NCG's potential to create a unique gaming experience and empower its community through decentralized governance and incentivization.

Wrapped NCG's risks

Wrapped NCG (WNCG) carries several financial risks. These include:

  • Counterparty risk: The entities involved in managing the underlying collateral assets may fail to fulfill their obligations, leading to potential losses.
  • Centralisation risk: Wrapped tokens may be issued by a single central authority, which can compromise their decentralised nature.
  • Regulatory risks: New laws or regulations may restrict or prohibit wrapped tokens, affecting their value and usability.
  • Technical risks: Smart contract bugs, hacking attempts, network congestion, or other technical issues can impact the tokens or the blockchains they trade on.
  • Volatility: The cryptocurrency market is highly volatile, and the value of WNCG can drop significantly in a short period.
  • Lack of protection: Investments in WNCG are not protected by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).
  • Operational risks: Technology outages, cyber-attacks, and other operational failures can cause delays or losses.
  • Complexity: Investments in cryptoassets like WNCG can be complex and difficult to understand, making it challenging to assess the associated risks.
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Did Wrapped NCG raise funds?

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Wrapped NCG
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Wrapped NCG's ecosystem

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Wrapped NCG
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Wrapped NCG’s team

  • Planetarium Labs: The team behind Wrapped NCG (WNCG) is Planetarium Labs, the developers of Nine Chronicles, a fully open-sourced online role-playing game (RPG) without servers.

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