Wait V1 is the legacy version of $WAIT that was originally launched on the Ethereum blockchain as an ERC-20 token. Some Wait V1 tokens continue to exist on Ethereum and on PulseChain. Wait V1 does not and will not have any utility in future products released by Coast. Wait V2 is the current (and final!) version of WAIT. It is both an ERC-20 and a PRC-20. As of today (June 19th, 2023) locking Wait v2 in the Coast fiat on ramp allows users to reduce their on ramping fees by up to 75%.