Wrapped NCG is an ERC-20 token backed by NCG, the cryptocurrency of the decentralized role-playing game Nine Chronicles. The ticker symbol of this cryptocurrency is WNCG.
Nine Chronicles is the world's first fully decentralized game based on Libplanet, and Nine Chronicles Gold, which goes by the ticker NCG, is its native currency and governance token.
The Ethereum network gives WNCG more flexibility than NCG, as ERC-20 tokens are compatible with most decentralized exchanges, decentralized finance protocols and cryptocurrency wallets.
Inside the game's economy, NCG can be utilized in several ways, such as crafting and trading nonfungible tokens, challenging other players and staking. Moreover, the game allows players to implement new scenarios by contributing to open-source Libplanet.
Some major projects mentioned in the Nine Chronicles roadmap are crystal-based sub currencies, a guild system with a staking pool, a bridge to connect to the Polkadot project and more.
WNCG price and tokenomics
NCG and, by extension, WNCG have a total supply of 1 billion tokens, an initial circulating supply of 25 million tokens and over 10,000 holders.
In August 2021, NCG made its debut in an initial DEX offering, where 2 million tokens were released via the MISO Launchpad and introduced to a larger audience beyond the gaming community.
WNCG is backed one-to-one with NCG. Users can send WNCG directly from any Web 3.0 wallet to NCG wallets and apps using a bridge. The WNCG price should always be roughly the same as its counterpart's.
About the founders
Nine Chronicles was created by Seoul-based Planetarium. The founders created the game to decentralize gaming and put governance in the hands of users.
The game became the world's first fully decentralized online RPG after the creators launched the mainnet in October 2020. As new features were established in 2021, the platform had a user base growth rate of 20% per week and 850% alone in Q2.
Nine Chronicles has several strategic partners, including Animoca Brands, and has seen massive growth and development following a $2.6 million fundraising.
Other notable partners include Hypersphere Ventures, SkyVision Capital, Axie Infinity co-founder Jeffery Zirlin, Aave CEO Stani Kulechov and The Sandbox COO Sebastien Borget.
