Wrapped MistCoin

Wrapped MistCoin

wmc

$1.52

-3.62%
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Wrapped MistCoin (wmc) is a historically significant digital asset within the Ethereum ecosystem, representing the original MistCoin, which served as Ethereum's first ERC-20 token prototype. Deployed ...Read More

WMC to USD Price

Wrapped MistCoin logoWMC

Where to Buy:

Uniswap V3 (Ethereum)
Uniswap V2 (Ethereum)
Uniswap V3 (Base)

Market Cap

$795,317

24h Trading Vol

$217

All Time High

$88.76

All Time Low

$0.124

Total Supply

597,673

Max Supply

1,000,000

Circulating Supply

522,910

Categories

Crypto-Backed Tokens

Chains

Ethereum logoEthereum

Contracts

Chain Icon0x7fd4...0a79
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Fundamentals

What is Wrapped MistCoin and how does it work?

Wrapped MistCoin (wmc) is the modern, tradeable form of MistCoin, a pioneering cryptocurrency deployed in 2015 as Ethereum's first prototype for the ERC-20 token standard. While the original MistCoin contract had limited functionality, the wmc wrapper, launched in 2022, adds essential ERC-20 features like `approve` and `transferFrom`. This enables MistCoin holders to convert their historical tokens into a fully compliant and liquid digital asset for trading on decentralized exchanges like Uniswap, seamlessly integrating it into the contemporary Ethereum ecosystem.

What problem does Wrapped MistCoin solve?

Wrapped MistCoin (wmc) solves the challenge of integrating a significant historical digital asset, the original 2015 MistCoin, into today's decentralized finance (DeFi) landscape. The original MistCoin contract lacked the `approve` and `transferFrom` functions crucial for modern ERC-20 token interoperability and trading on platforms like Uniswap. The wmc wrapper provides this essential functionality, allowing holders to unlock the value and liquidity of this foundational Ethereum token, making it accessible for current crypto market participation and preserving its legacy within the blockchain space.

What are Wrapped MistCoin's tokenomics?

Wrapped MistCoin (wmc) has a total supply of 1,000,000 tokens, mirroring its original MistCoin counterpart. Due to approximately 20% of the supply residing in lost or inactive wallets, the effective circulating supply is around 407,000 wmc available on active wallets and trading platforms. A notable aspect of its tokenomics is the locked liquidity for Wrapped MistCoin on Uniswap, secured until November 3, 2115, providing long-term stability. Prominent early Ethereum figures, including Fabian Vogelsteller and Alex Van de Sande, hold significant portions of the supply.

What distinguishes Wrapped MistCoin from other wrapped tokens like Wrapped Bitcoin?

Wrapped MistCoin differs fundamentally in purpose and architecture. Unlike utility-focused wrapped assets like WBTC, WMC functions as a historical preservation mechanism rather than a liquidity tool. Its wrapping protocol maintains a direct 1:1 relationship with the original 2015 MistCoin token without collateralization requirements or multi-signature control. The contract intentionally omits upgradeability features to preserve historical accuracy, contrasting with modern wrapped tokens designed for interoperability. This makes WMC a blockchain artifact first and liquidity instrument second.

How does the project ensure long-term accessibility given Ethereum's evolution?

The development strategy prioritizes backward compatibility through deliberately minimalist architecture. By implementing only core ERC-20 functions without newer extensions, WMC maintains compatibility across all Ethereum Virtual Machine iterations. Additionally, the permanent liquidity lock until 2115 guarantees continuous exchange availability independent of project maintenance. The token's historical significance incentivizes community preservation efforts, while its technical simplicity reduces upgrade dependencies compared to complex DeFi tokens.

Could Wrapped MistCoin's historical status create regulatory considerations?

As a non-functional historical artifact with no monetary policy or governance mechanism, WMC exists in a distinct regulatory category. Its fixed supply, absence of staking rewards, and non-utility nature differentiate it from securities frameworks. The project's archival purpose and transparent documentation further support its classification as a digital collectible rather than financial instrument. However, owners should monitor evolving digital asset regulations, particularly regarding blockchain artifacts and their preservation frameworks.

What technical lessons does Wrapped MistCoin offer modern developers?

WMC provides three key technical insights: First, it demonstrates minimalist implementation of token standards before feature proliferation. Second, its wrapping mechanism shows early approaches to token interoperability without complex bridges. Third, the permanent liquidity lock offers a case study in long-term contract design. Developers gain perspective on Ethereum's technical evolution by comparing this foundational implementation against contemporary ERC-20 variants with permissioning, tax mechanisms, and reflection features.

How does the project address concerns about lost tokens affecting scarcity?

The protocol acknowledges approximately 200,000 tokens in permanently inaccessible wallets as an organic scarcity mechanism. Rather than attempting recovery through controversial means like hard forks, the project documents these losses transparently. This approach preserves blockchain immutability principles while creating verifiable digital scarcity. The fixed supply ensures no inflationary countermeasures are possible, making WMC a rare case of mathematically guaranteed scarcity through both protocol design and organic loss.

FAQs

What is the Wrapped MistCoin price today?

The current Wrapped MistCoin price is $1.52. The Wrapped MistCoin price has changed by -3.616183994323751% in the last 24 hours.

What is the Wrapped MistCoin mcap (market capitalization) today?

The current market capitalization is $795,317. This represents the total value of all circulating tokens at the current price.

What is the number of Wrapped MistCoin holders?

There are currently 2,434 unique addresses holding Wrapped MistCoin. The top 10 holders control approximately 51% of the total supply.

What is the Wrapped MistCoin 24-hour trading volume?

The 24-hour trading volume is $217. This represents the total value of all trades executed in the last 24 hours across all exchanges.

Where can I buy Wrapped MistCoin?

Wrapped MistCoin is available for trading on various decentralized exchanges (DEX) like Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Uniswap V3 (Base). These platforms offer trading pairs with various cryptocurrencies and fiat currencies.

What is the Wrapped MistCoin contract address?

The primary contract address is 0x7fd4d7737597e7b4ee22acbf8d94362343ae0a79 on the ethereum blockchain. This is where the token's core functionality is implemented.

What is the Wrapped MistCoin all-time high price?

The all-time high for Wrapped MistCoin was $89. This represents the highest price the token has ever reached.

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