WEN DAO is a decentralized organization founded by WenMint, a leading NFT launchpad on the Ethereum network.
The DAO in its title stands for Decentralized Autonomous Organization, which means it has no governing body but the members have a shared goal to act in the best interests of the entity.
The WEN Token is a less-popular meme coin that serves as the utility token WEN. It is inspired by the popular Web3 meme of the same name and is meant to bring the Web 3 space together.
If you are looking for details about this relatively obscure cryptocurrency and the platform it is based on, you have come to the right place.
I will cover the features and popularity of the platform and analyze the token as a crypto asset. You can also find everything you need to know if you are planning to buy this cryptocurrency.
Notable Features of WEN
Apart from the market conditions, the growth and adoption of the underlying platform are the major factors that affect the value of a cryptocurrency. The following are the major features of the WEN DAO platform.
| Community-oriented | As I have already noted, WEN DAO is built around a shared vision and is decided collectively by the community. |
| Decentralized Governance | The platform has no power hierarchy in place but operates on a decentralized governance model. The power is distributed across token-holders who collectively cast votes on major decisions. |
| Transparency | All votes and activity are posted via the blockchain, and all of that will be publicly viewable. |
| Smart Contracts | The operations of WEN are based on smart contracts, eliminating the need for the trust element. |
| Incentive Structure | WEN DAO has a robust incentive structure in place which will motivate the community members to act in everyone’s interest. |
| Progressive Decentralization | The platform goes through stages of discovering a product-market fit, building an active community, and gradually moving to community governance. |
WEN Token Tokenomics
The total and the maximum supply of WEN are the same which is equal to 420 billion tokens. As of today 168 billion of those are already in circulation.
Operating on the Ethereum blockchain, the emission schedule of the WEN token is designed in such a way that the asset takes several years into its existence before its fully diluted valuation is reached. Additionally, the platform offers a staking reward program with WEN tokens.
WEN Token Past Performance
While I am writing these lines, the Render token is traded at 0.0000006437, making up a market capitalization of a little over $100,000. The 24-hour trading volume is around $16,600. The WEN token opened trading for $0.00002154 in May 2023.
However, the price has almost immediately crashed to 0.000003694. It was followed by a price-doubling and a halving, essentially reaching pretty much the same price. Until the end of November, the price has again continued to come down until it witnessed some brief spurts of improvements. Starting from February 13, WEN has found some investor interest and stays in the green region.
WEN Token Price Prediction
WEN Token has been gaining some significant momentum for the last week. In the past 30 days, the cryptocurrency has spent 13 days in the green area and experts suggest a neutral bullish sentiment toward it. With the next halving of the Bitcoin around the corner, crypto commentators put high hopes on WEN Token.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | $0.000000049 | $0.00000021 |
| 2025 | $0.00000019 | $0.00000069 |
| 2030 | $0.0000030 | $0.0000097 |
Where to buy WEN Token?
You can buy WEN Tokens from a centralized or decentralized exchange. One popular exchange from where you can buy and trade WEN Token is Uniswap V2. Other exchanges where you can do it include Orca, Raydium, MEXC, and KuCoin.
How to Buy the WEN Token?
This is how you can buy WEN Token from Uniswap.
- First, you’ll need to connect a wallet that supports Ethereum transactions to Uniswap V2. You can use Metamask or any other wallet of your choice.
- Then, you must move the Ethereum (ETH) in your wallet to trade for WEN Tokens.
- Go to Uniswap and select “Swap” from the options menu.
- In the ‘From’ field, select ETH and pick WEN Token in the ‘To’ field.
- Enter the amount of ETH you wish to swap click ‘Swap’ and click ‘Confirm
- WEN Tokens will now be transferred to your Metamask wallet.
Conclusion
WEN DAO is a still-new DAO platform promoted by WenMint. It embraces all the attractive features of a DAO organization. WEN Token is the native utility token of WEN DAO.
Owing to its hardcore decentralized philosophy and community-based governance structure, the platform has gradually attracted a growing user base in the past year. This has eventually led to a value appreciation of WEN Token. The technical indicators suggest that WEN Token has a rosy road ahead.
All said, the reader should remember that cryptocurrencies are extremely volatile. One should go own independent research before putting money into any type of investment vehicle.
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