Contents:

WEN: The first fractional NFT

By:
Paul Sazan
| Editor:
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Updated:
April 12, 2024
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6 min read

If you're tired of the same old dog and doge coins, and you're yearning for something with a little more, well, purr-sonality, then it's time we introduce you to Wen.

What is Wen?

Wen (WEN) is a unique feline-inspired cryptocurrency that's recently made its way onto the Crypto.com App, joining the litter of 250+ supported cryptocurrencies and stablecoins, including the big dogs like Bitcoin (BTC), Ether (ETH), Polkadot (DOT), and Chainlink (LINK). But what sets Wen apart from the rest of the pack, you ask? Well, besides the fact that it's based on a cat meme (and let's be honest, who doesn't love a good cat meme?), Wen operates on the Solana blockchain and each Wen token represents fractional ownership of a non-fungible token (NFT) of a poem. Yes, you read that right. A poem.

Wen's Unique Concept

Wen isn't just a cryptocurrency, it's a cultural phenomenon based on the popular "Wen culture". Each Wen token holder doesn't just get a piece of a coin, they also get a slice of a viral poem called "A Love Letter to Wen Bros" by the talented @weremeow. Talk about a token with benefits!

The Wen project aims to promote positivity in the crypto community by turning the concept of "wen bros" into a fractional NFT. So, not only do you get to invest in a cryptocurrency with a cool cat vibe, but you also become a patron of the arts. How's that for a change?

So if you've been wondering "wen" to jump into the world of cryptocurrencies, maybe the answer is "meow". After all, Wen is not just another cryptocurrency, it’s a token that carries a message of positivity and unity in the form of a heartfelt poem. Not bad for a day's trading, right?

Stay tuned for the next sections where we will delve deeper into how to get started with Wen and explore the unique ecosystem it operates in. So, don't dawdle; it's time to get your paws on some Wen!

Getting Started with Wen

So you've heard about Wen (WEN) and its unique concept, and now you're itching to dip your toes in the Wen waters. Well, buckle up, because we're about to embark on a whirlwind tour of Wen's world.

Purchasing Wen on Crypto.com

First things first: how to get your hands on some shiny Wen coins. You'll be pleased to hear that Wen recently got listed on Crypto.com, where it's rubbing shoulders with over 250 other cryptocurrencies and stablecoins. These include big shots like Bitcoin (BTC), Ether (ETH), Polkadot (DOT), and Chainlink (LINK), as well as up-and-comers like slerf, arbdoge ai, coq inu, turbo, and mfercoin.

But how does one actually purchase Wen on Crypto.com, you ask? Well, it's as simple as pie. Crypto.com App users can now buy Wen using USD, EUR, GBP, and 20+ other fiat currencies. Simply log in to your Crypto.com App, select Wen from the list of available cryptocurrencies, enter the amount you wish to purchase, and voila! You're now the proud owner of some Wen.

Spending Wen Globally

Once you've got your Wen, the world is your oyster. Thanks to the Crypto.com Visa Card, you can spend your Wen at over 80 million merchants worldwide. Just imagine: buying your morning coffee with Wen, paying for your groceries with Wen, or even booking your next vacation with Wen. The possibilities are endless!

To spend your Wen, simply transfer it to your Crypto.com Visa Card. From there, you can use your card as you would any other Visa card. The amount of Wen you spend will be converted into your local currency at the point of purchase, so you don't need to worry about any complicated conversions.

So there you have it, folks. Your quick and easy guide to purchasing and spending Wen. Now, go forth and immerse yourself in the exciting world of Wen!

The Wen Ecosystem

Welcome to the Wen ecosystem, a wild and wonderfully wacky world where the language of love meets the language of cryptocurrency.

Fractional NFT Ownership

Prepare to have your mind blown. Each Wen token is actually a fractional piece of an NFT (non-fungible token) of a poem. Yes, you heard right! The poem is called “A Love Letter to Wen Bros” and it's penned by the one and only @weremeow.

So, if you're a proud owner of Wen tokens, you're also a part-owner of this viral piece of poetry. Now, isn't that something you can brag about at your next dinner party?

It's like a slice of the moon, or a piece of the Eiffel Tower, but in this case, it's a snippet of a poem. This innovative concept is what sets Wen apart from its crypto buddies like slerf, arbdoge ai, coq inu, turbo, and mfercoin.

WEN Token Distribution

Buckle up for some numbers! Wen has a total supply of 1 trillion tokens. Yes, you read that right, trillion with a 'T'. It's like the stars in the sky, the grains of sand on a beach, or, well, the number of cat memes on the internet.

The airdrop was a major hit, with over 1 million users scrambling to claim their share. A whopping 400 billion WEN were claimed before it closed on Jan 29, 2024. The remaining 300 billion WEN, originally reserved for the airdrop, were ceremoniously burned, much like a marshmallow that's been left too long on the campfire.

The 20% held in the liquidity pool is like the life vest for the Wen market, and the remaining 10% is tucked away safely in the WEN Treasury, ready to be used to further develop our beloved Wen community.

This unique and exciting distribution strategy is part of the magic that makes Wen such a fascinating addition to the crypto universe. So, are you ready to dive in and explore the wonderful world of Wen?

Wen in the Market

Now, let's turn our attention to Wen's performance in the crypto market. After all, we know you're not here for the jokes, you're here for the juicy details. So, let's take a look at Wen's trading volume and the price trends, specifically the impact of the infamous airdrop.

Wen's Trading Volume

In the three days following its launch, Wen kicked off its crypto journey with a bang, boasting a daily trading volume of $50 million. Yes, you read that right, $50 million! Let's just say, Wen didn't exactly enter the market on tiptoes. It was more like a cannonball dive into the deep end of the pool.

Price Trends and Airdrop Impact

As for the price trends, Wen's performance was somewhat of a rollercoaster ride. The price soared to $0.0018, making early investors feel like they hit the jackpot. However, following news of an airdrop that was about as exciting as a Monday morning, the price started declining on Jan 30, 2024.

So, if you're thinking about getting into Wen, remember to do your own research, and maybe keep your fingers crossed. Because in this market, you never know when you might need a little luck.

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