Question 1

How is WMC related to the original MistCoin (MC)?

Accepted Answer

The original MistCoin (MC) was deployed on Ethereum in 2015, while Wrapped MistCoin (WMC) was introduced in July 2022 as a wrapped version. The wrapper allows MC holders to convert their tokens into WMC, so they can trade and interact with it as WMC on decentralized exchanges such as Uniswap.

Question 2

Why was the WMC wrapper contract added to MistCoin?

Accepted Answer

The WMC wrapper adds ERC-20 compatibility to the original MistCoin. Original MC lacked ERC-20 functions such as approve and transferFrom, while the wrapper implements modern ERC-20 functionality that allows WMC to integrate with Ethereum-based platforms. This compatibility supports trading, liquidity provision, and other DeFi functions that require ERC-20. It means WMC has the relevant interface capabilities; it does not mean every platform or user will adopt or support it.

Question 3

When and where was MistCoin first deployed, and what was its prototype for?

Accepted Answer

The original MistCoin was deployed on the Ethereum blockchain on November 3, 2015, at block height 483,325. With a supply of 1 million tokens, it served as a prototype for testing the concept of standardized token creation, which later became ERC-20. One hour and forty minutes after MistCoin went onchain, Ethereum Wallet 0.3.5 was released with a feature that let users create tokens through a graphical interface.

Question 4

What were MistCoin’s original total supply and circulating supply?

Accepted Answer

MistCoin’s original total supply was 1,000,000 tokens, of which approximately 400,000 were described as circulating. The circulating figure is approximate and should not be treated as an exact amount or as the current circulating supply.

Question 5

What key changes took ERC-20 from its proposal to a complete implementation on mainnet?

Accepted Answer

ERC-20 progressed through three stages: the proposal was filed, the interface text was settled, and a complete implementation appeared on mainnet. The proposal filed on November 19, 2015, included four of the six methods; it had no allowance method and no Approval event. After seven weeks of editing, the proposal settled on January 6, 2016, on an interface with six methods and two events. The first mainnet contract implementing all six methods appeared on January 10, four days after the interface text stopped changing. Settling the interface and deploying a contract that implemented it were separate stages.

Question 6

What are the Ethereum contract addresses for the original MistCoin and WMC?

Accepted Answer

The Ethereum contract address for the original MistCoin (MC) is 0xf4eCEd2f682CE333f96f2D8966C613DeD8fC95DD. The Ethereum contract address for Wrapped MistCoin (WMC) is 0x7Fd4d7737597E7b4ee22AcbF8D94362343ae0a79.

Question 7

Which trading channels and networks are listed for WMC?

Accepted Answer

The listed channels are Uniswap and CoW Swap on Ethereum mainnet, Uniswap and CoW Swap on Base, and the centralized trading platforms CoinEx and NonKyc.io. These are the listed channels; this does not establish that each is currently available or has the same level of liquidity.

Question 8

What bridging and liquidity conditions are noted for using WMC on Base?

Accepted Answer

Using WMC on Base requires a cross-chain transfer, and its liquidity is described as low; Base is also described as having lower fees. No bridging steps or specific fee amounts are given, and these descriptions do not guarantee that a trade can be executed.

Question 9

What does the “0% Tax” description for WMC specify?

Accepted Answer

“0% Tax” labels WMC as having a 0% tax rate. This does not mean that all transaction costs or platform fees are zero, nor does it guarantee the execution conditions of a particular trade.

Question 10

What does the description that WMC’s liquidity pool is “locked until 2115” mean?

Accepted Answer

The page describes WMC’s liquidity pool as locked until 2115. This states the listed lock period but does not specify the locking mechanism, what it covers, or any related guarantees.

Question 11

What uses does WMC’s ERC-20 compatibility support?

Accepted Answer

WMC conforms to the ERC-20 standard, so it can be used for trading, liquidity provision, and other functions that require ERC-20 compatibility. It also supports trading and interaction on decentralized platforms such as Uniswap. Protocol compatibility alone does not guarantee that every platform supports WMC.

Question 12

How does using WMC differ from using original MC on decentralized platforms such as Uniswap?

Accepted Answer

Original MistCoin lacks ERC-20 functions such as approve and transferFrom. The wrapper adds modern ERC-20 functionality, allowing holders to convert MistCoin into WMC and then trade and interact with it on decentralized platforms such as Uniswap. Original MistCoin does not thereby gain the same compatibility, and this does not describe the specific conversion steps.

Wrapped MistCoin (WMC) Price