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What is Wrapped Accumulate?

Wrapped Accumulate (WACME) is an identity based, Delegated Proof of Stake blockchain that aims to circumvent traditional issues such as security, scalability and decentralisation. WACME is a rebranded and upgraded version of Factom.

  • Wrapped Accumulate aims to be faster, more widely usable, and more scalable than its previous version, Factom. It does this by employing Accumulate Digital Identifiers, which act as readable URLs to represent users, devices or institutions. These provide structure for the blockchain and allow smart contracts, consensus building, validator networks, and enterprise-level management of digital assets.
  • The Wrapped Accumulate Digital Identifiers (ADI) system allows ADI’s to be processed and validated in parallel via the Accumulate network. This then leads to greater scalability as well as the implementation of a hierarchical process for each ADI, which enables users to manage their security overtime.
  • WACME is a deflationary coin. WACME is occasionally minted and distributed to validators and stakers. Whenever Accumulate Digital Identifiers are created a portion of WACME tokens are burned.

Wrapped Accumulate aims to improve upon the groundwork laid by Factom, to do this WACME utilises their ADI system, to give users more control over their experience as well as maintaining the big tree features, security, scalability and decentralisation.

How do I swap Wrapped Accumulate?

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Learn more about Wrapped Accumulate

Why Should I Trade WACME with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Wrapped Accumulate no matter what your trading experience is. Unlike other international and Australian Wrapped Accumulate exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Wrapped Accumulate with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Wrapped Accumulate how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Wrapped Accumulate?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Wrapped Accumulate for free.

Cold Storage

If you are holding Wrapped Accumulate as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Wrapped Accumulate. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Wrapped Accumulate. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Wrapped Accumulate has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Wrapped Accumulate is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Wrapped Accumulate exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Wrapped Accumulate & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Wrapped Accumulate safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Wrapped Accumulate portfolio here.
Yes! With CoinSpot you can convert your Wrapped Accumulate to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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