In our commitment to continuously broaden our offerings continually, we are introducing a new project addition - WEN.
This article provides you with a comprehensive overview of the project, its native token, token economics (tokenomics), functionalities, and its potential impact on the crypto ecosystem
Overview of WEN
What is WEN?
WEN, a meme coin driven by community participation, has captured the interest of cryptocurrency enthusiasts with its unique focus on cat culture. The project commences with an airdrop to give back to the community and commemorate WEN culture with an adorable cat symbol in the web3 space. WEN has evenly distributed tokens to all wallets, highlighting its commitment to inclusivity.
The primary objective of this project is to establish the largest culture coin possible, bringing together individuals who share a passion for cats. By blending the appeal of the crypto culture term "WEN" with the undeniable charm of cats, WEN aims to bridge the divide between mainstream users and community-centric cryptocurrencies.
The project's philosophy lies in its community-driven approach. The airdrop distributed tokens equally to each wallet, emphasizing its belief in being a coin for the people. This even-handed distribution model has contributed to WEN’s growing community, which now boasts over 230,000 holders.
One of WEN’s most exciting developments is the creation of a new NFT standard called WNS (WEN NFT Standard). Adopted by prominent platforms like Phantom, Tensor, Backpack, Helius, Jupiter, and Sniper WNS has received a grant from the Solana Foundation, further solidifying its credibility. This standard has seen remarkable growth since its inception, with several integrations and partnerships in the pipeline.
WEN’s Goals & Mission
The aim is to establish an unparalleled cultural currency and nurture a collective of individuals with aligned visions to advance the presence of Wen. This initiative is committed to integrating average consumers into the sphere of community-supported digital currency with the engaging allure of felines.
By amalgamating the well-recognized term "Wen" from the realm of cryptocurrency with the endearing image of cats, the goal is set to establish what could be the quintessential currency of the Web3 landscape.
WEN Tokenomics
The tokenomics of WEN were designed with a total supply of 1 trillion tokens, offering a unique distribution strategy. Initially, 70% of the tokens were set aside for the airdrop, aiming to foster community engagement and widespread adoption.
Another 20% was dedicated to the liquidity pool, ensuring ample trading opportunities and stable pricing. The remaining 10% was allocated to the treasury, providing resources for future development and growth. With the Wen claim period now concluded, the decision was made to burn the remaining 300 billion WEN tokens allocated for the airdrop, a move that not only reduces the total supply but also enhances the scarcity and value proposition of WEN in the market.
WNS: Empowering Solana's Community
Wen New Standard (WNS) signifies a new phase in tokenized assets on Solana, utilizing Token Extensions to facilitate composability, interoperability, and backward compatibility for digital assets. Emphasizing decentralization and community ownership, WNS provides low costs, full refundability, embedded royalty distribution, and seamless integrations.
WEN seeks to become the foremost cultural cryptocurrency and nurture a community of like-minded individuals. By combining the widely recognized crypto culture term "WEN" with the irresistible appeal of cats, WEN strives to create the ultimate coin within the Web3 ecosystem.
How to Buy and Trade WEN Tokens?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With 900+ tokens supported, including WEN, users can now trade easily and seamlessly. It was listed on CoinEx on January 27, 2024, with an initial price of $0.0001215 USD, marking an impressive overall change of +74.36%.
Steps on how to trade WEN on CoinEx:
- Create an Account: Start by signing up for a CoinEx account.
- Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
- Navigate to the WEN Trading Page: Once your account is funded, navigate to the dedicated WEN trading page on CoinEx. You can locate WEN trading pairs on the spot trading page using a search box and enter the term "WEN" to find the associated pairs.
- Choose a Trading Pair: Select the trading pair WEN/USDT to trade WEN against USDT (Tether).
- Specify the Purchase Amount: The next step is to specify the number of WEN you wish to buy. You have the option to either buy them at the current market price or set a limit for your desired buying price on the trading page.
- Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order.
By following these comprehensive steps, you can easily trade WEN tokens on CoinEx, taking advantage of the available trading pairs.
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