Wen is a unique social token that has gained recognition as the first fractional ownership NFT-based meme culture coin. Based on the poetry “A Love Letter to Wen Bros” by @weremeow, Wen combines the ideas of social tokens and NFTs, allowing market participants to access a cryptocurrency that symbolizes the “wen” culture and broadly promotes the Solana community.
Wen's Basics and His Mission
Wen is not just a token. Its goal is to connect users with a community-based cryptocurrency that, through cat image marketing and the connection to the concept of “wen” – a symbol of meme culture – seeks to attract new participants to the world of Web3. Wen set itself the task of creating the largest cultural token, based on a unique “cat” aesthetic, that will attract a global community and ensure high recognition.
Tokenomics and Wen Distribution
Wen was designed with transparency and decentralization in mind. The original token supply was one trillion, and the distribution was done in a way that was as user-friendly as possible:
- 70% was distributed to the community as an airdrop,
- 20% was allocated to the liquidity pool,
- 10% went to the treasury to support the development of the project and Solana.
With this approach, Wen engages a large community and emphasizes the importance of developing public resources that strengthen the Solana ecosystem.
Wen as a Symbol of Solana Culture
The first ever fractional NFT token, Wen, launched on Jupiter's LFG platform, and introduced the first NFT standard (WNS) on Solana. The Wen Foundation, a group of dedicated contributors to the project, supports the development of public resources and introduces tools that make Solana easier for new users, ensuring the growth of the "cat" brand on Web3.
Wen Validator and wenSOL – Solana Ecosystem Support
Wen Validator is a high-performance Solana validator that offers stakers 0% commission and a MEV kickback strategy for the highest possible return. Wen Validator enables decentralization and strengthens the security of the Solana network while generating additional staking income. Backed by the Sanctum project, the validator enables staking in the form of wenSOL, offering higher returns and additional incentives for stakers.
Marketing Campaign Using Main Cat Profiles in Social Media
The Wen Foundation manages the two largest cat profiles on the X platform (formerly Twitter) – @ShouldHaveCat and @PostsOfCats, which generate almost 3 billion views per month. These accounts are an important part of Wen’s marketing strategy, allowing her to reach a wide audience. Plans include introducing mascots and merchandise related to the project, which will further increase Wen’s recognition.
Royalties and the New NFT Standard
Wen New Standard (WNS) is an innovative approach to the NFT market. WNS implements the principles of transparency and balanced distribution of royalties. Thanks to Solana token extensions, WNS allows the assignment of rights to each NFT, which can be shared between creators and recipients. Each creator receives their shares using the "claim" function, and royalties are sent using a dedicated pre-transaction instruction, ensuring their fair distribution.
Applications of Wen in the Solana Ecosystem and WNS
As the first fully community-driven project, Wen supports Solana development through initiatives such as .wen Domains, which allows the creation of .wen addresses. This allows users to conveniently send funds within the ecosystem without the need for traditional addresses. In addition, Wen is introducing advanced NFT capabilities to Solana, offering extensions such as Metadata, GroupPointer, and MemberPointer, making it easier to manage and trade NFTs within the Solana ecosystem.
Community Engagement and Popularity Growth
Currently, Wen has over 230 thousand token owners and enjoys a strong social media following, where it has gathered over 153 thousand followers. This shows that the Wen community is growing rapidly, attracting meme culture enthusiasts and blockchain technology enthusiasts.
Partnerships and Token Burning Program
Wen partners with Bonkbot to burn Wen tokens. The partnership with Bonkbot provides additional supply reductions, which has the potential to increase the value of the tokens in the future by reducing their quantity on the market.
Summary – Wen as a Community Investment
Wen is an example of a community project that goes beyond standard meme tokens by creating a platform to support Solana and engage a broad community in the Web3 project. With an active community and numerous partnerships, Wen has the potential to become one of the main assets of meme culture in the Solana ecosystem, as well as a platform for the development of new blockchain tools.
Technical Data Ven
- Current price of: $ 0.0001263
- Market Cap: $91.88M
- FDV: $91.84M
- Total supply: 727.72 billion WEN
- Circulating supply: 727.72 billion WEN
- Official page: www.wenofficial.com
- Stock exchange quotes: CoinMarketCap