The RiveX WRC-20 and ERC-20 Total Supply Split Explained!
An overview of the RiveX supply split across Wanchain and Ethereum to empower a dual ecosystem
RiveX Split WRC-20 and ERC-20 Total Supply
RiveX will have two separate market caps, one for the WRC-20 supply and another for the ERC-20 supply. This will be differentiated by two logos, WRC-20 RVX with the blue RX logo and ERC-20 RVX with the grey RX logo as shown above. Token trackers will have separate listings and each market cap will be tracked separately. Our WRC-20 and ERC-20 supply distribution can be seen below:
**PLEASE NOTE: BitMax, WRDEX and the upcoming League of Stakes will only support WRC-20 based RVX tokens.**
What is the need for ERC-20 RVX and why a dual ecosystem?
To get a better understanding of why RiveX has chosen to do a supply split across Wanchain and Ethereum, we have prepared two in-depth articles on the Burn-and-Mint equilibrium, dive in here below.
Burn-and-Mint Equilibrium is a one-way bridge from WRC20-RVX token standards to ERC20-RVX token standards. A portion of the WRC20-RVX token supply will be burned and then minted on the Ethereum blockchain as ERC20-RVX. By doing this, RiveX DeFi solutions and initiatives will happen on both WRC-20 and ERC-20 based RVX.