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WEN (WEN): A Revolutionary Approach to Meme Coins on Solana
Beginner
2024-03-06 | 5m
What is WEN (WEN)?
WEN (WEN) is a meme coin on
Solana that was born from the creative genius of @weremeow's poem 'A Love Letter to Wen Bros'. It also introduces Wen New Standard (WNS), a new framework for tokenized assets on Solana.
How WEN (WEN) Works
Fractional NFT Concept
At the center of WEN is the fractional NFT concept. WEN tokenizes fractional ownership of @weremeow's poem. It’s like breaking down a masterpiece into tiny pieces, each representing a share of the whole - that's what WEN does with @weremeow's poem. In other words, instead of owning an entire NFT, holders of WEN tokens own fractions of the NFT representing the poem. This fractional ownership model democratizes access to valuable digital assets, allowing anyone to participate in the ownership and appreciation of cultural works.
WNS Standard
WEN is the first NFT minted on the Wen New Standard (WNS), a revolutionary framework for tokenized assets on Solana. WNS, built on Solana's native Token Extensions program, offers several key advantages:
Lower Fees: Minting a WNS NFT costs a fraction of what other platforms charge, making it affordable for creators and collectors alike.
Scalability: WNS is designed with scalability and versatility in mind, providing creators with a solid foundation for their projects.
Limited Reliance on Third-Party Contracts: Unlike traditional NFT platforms, WNS minimizes reliance on
third-party contracts, reducing the risk of vulnerabilities and ensuring a secure environment for users.
Royalty Distribution
One of the most innovative features of WEN is its implementation of royalties. Creators of NFTs minted on WNS receive royalties based on the sales of their assets. These royalties are stored in the metadata of the NFT and distributed automatically to creators whenever their work is sold or transferred. This ensures that creators are fairly compensated for their contributions and incentivizes ongoing participation in the ecosystem.
Governance
WEN is dedicated to decentralization and community-driven governance. Stakeholders from across the ecosystem are invited to participate in decision-making processes to ensure the platform's longevity and sustainability. Once development reaches a certain point, the governance program will be formalized, providing a framework for future growth and innovation.
WEN Goes Live on Bitget
WEN represents a new frontier in the world of community coins and fractional NFTs. By combining innovative technology with creative expression, WEN is paving the way for a more inclusive and equitable digital economy. Whether you're a creator looking to monetize your work or a collector seeking unique cultural assets, WEN offers a platform where everyone can participate and thrive.
Become a pioneer of fractional NFT with WEN by trading WEN on Bitget. The token is set to list on Bitget
on March 6 with three exclusive events.
How to Trade WEN on Bitget
Step 1: Go to
WENUSDT spot trading page
Step 2: Enter the amount and the type of order, then click
Buy/Sell.
For detailed instructions on how to spot trade in Bitget, please read
The Uncensored Guide To Bitget Spot Trading
.
Being built upon the Solana
blockchain and integrating innovative features of fractional NFTs, WEN is likely to revolutionize the way we perceive and interact with digital assets. Whether you're an artist, developer, or collector, WEN provides the tools and infrastructure necessary to thrive in the NFT
market.
Trade
WEN
on Bitget now!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
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