Wen price

WEN

#826

Wen was created by the team behind the Jupiter DEX to test airdrop mechanisms ahead of the launch of the JUP token.

Prior to the launch of JUP, Meow stated in several interviews that he had been asked countless times online about the “Wen token” and the “Wen airdrop,” which led him to write “A Love Letter to the Wen Brothers” in December 2023. It is also supported by the Wen Solana Foundation.

In essence, WEN was developed by the Jupiter team before airdropping Jupiter’s native token, JUP.

The poem “A Love Letter to the Wen Brothers” was minted using the WNS standard, a new standard that aims to simplify the NFT creation process by reducing costs, increasing NFT flexibility, and allowing for cross-platform compatibility. The WNS standard comes with a Token Extension program that allows NFTs to be split into tokens.

The poem was split into 1 trillion WEN tokens and distributed to various Solana communities, including Jupiter DEX users and premium NFT holders, on Jupiter’s LFG Launchpad to stress-test the launchpad ahead of the JUP release.

Wen seamlessly integrates with the broader Solana ecosystem, being compatible with a variety of wallets, exchanges, and many decentralized applications (dapps), and is used for:

Tipping and rewards: Created to foster a culture of appreciation and support, WEN is used to tip content creators and reward engaged community members who participate in online discussions, events, and other initiatives.

DeFi functions: Wen can be exchanged for other cryptocurrencies and used in yield farming strategies to earn additional rewards.

WEN Tokenomics WEN’s total supply of 1 trillion tokens is distributed as follows:

Community: 55% — 550,000,000 WEN

Contributors: 22% — 220,000,000 WEN

Investors: 18.8% — 188,000,000 WEN

Advisors: 1.2% — 12,000,000 WEN

Treasury: 3% — 30,000,000 WEN

The WEN team airdropped 70% (approximately 700 billion) tokens during a three-day distribution. After the airdrop period ended, all unclaimed WEN were destroyed, accounting for approximately 27.24% of the total supply.