{"id":240894,"date":"2024-02-03T22:37:20","date_gmt":"2024-02-03T17:07:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=240894"},"modified":"2024-02-03T22:37:20","modified_gmt":"2024-02-03T17:07:20","slug":"jupiter-exchange-debuts-wen-on-new-token-launchpad-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jupiter-exchange-debuts-wen-on-new-token-launchpad-crypto-news\/","title":{"rendered":"Jupiter Exchange Debuts $WEN On New Token Launchpad &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p class=\"has-drop-cap\">On Jan. 25, the anonymous founder of Solana DeFi project <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jupiterexchange\">Jupiter Exchange<\/a>, known as weremeow, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/weremeow\/status\/1750539400076021972\">announced<\/a> the launch of $WEN, a meme token that will reward users of its app over the past six months.<\/p>\n<p>The token will also reward \u201cactive Jupiter users from the last six months, several top NFT collection holders, Ovols holders, and Genesis Saga holders,\u201d weremeow said in a post on X.<\/p>\n<p>The Solana-based $WEN, of which weremeow says 70 percent will be distributed to over a million wallets, has some novel characteristics. Its trillion tokens are fractionalized pieces of weremeow\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ovols.com\/vault\/WENWENvqqNya429ubCdR81ZmD69brwQaaBYY6p3LCpk\/\">first NFT<\/a>\u2014a poetic homage to the people in Jupiter\u2019s discord who constantly ask, \u201cwen token.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Immortalizing WEN Culture<\/p>\n<p>I\u2019m delighted today to introduce WEN, which I shall unveil over 5 parts:<\/p>\n<p>1. The Poem<br \/>2. The NFT<br \/>3. The NFT Standard<br \/>4. The First Culture Token In Crypto<br \/>5. The First LFG Launchpad Project<\/p>\n<p>It\u2019s a doozy, so let us walk through it how it all unfolded\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bOgLABL3Mq\">pic.twitter.com\/bOgLABL3Mq<\/a><\/p>\n<p>\u2014 meow  (@weremeow) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/weremeow\/status\/1750539400076021972?ref_src=twsrc%5Etfw\">January 25, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Weremeow explained the token\u2019s origins in his thorough announcement. \u201cLast month, as a tribute to all the WEN bois in my discord, DMs and my face asking about wen airdrop and wen free token and wen I will do something, I did the only thing a rational, highly stressed founder would do and wrote a love letter to all of them,\u201d he said.<\/p>\n<p>This love letter came in the form of a light-hearted <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/weremeow\/status\/1738590330805719289\">poem<\/a> by weremeow. Its message is that the constant clamor for a token is a sign of a team doing the right thing. \u201cWen means you are wanted,\u201d one line reads.<\/p>\n<figure class=\"wp-block-pullquote\">\n<blockquote>\n<p>\u201cLast month, as a tribute to all the WEN bois in my discord, DMs and my face asking about wen airdrop and wen free token and wen I will do something, I did the only thing a rational, highly stressed founder would do and wrote a love letter to all of them.\u201d<\/p>\n<p><cite>jupiter exchange founder weremeow<\/cite><\/p><\/blockquote>\n<\/figure>\n<p>The poem was delightfully received by the community of Jupiter Exchange users gathered in its Discord server. <\/p>\n<p>This gave weremeow an idea: the constant call of \u201cwen\u201d is a crucial part of the crypto market. \u201cThe many, many positive public and private responses I got for this actually made me realize one thing \u2013 that far beyond a moonboi phenomena, WEN is actually an extremely integral part about how crypto operates,\u201d he explained.<\/p>\n<p>Weremeow decided to embed the ethos of his poem in Jupiter\u2019s much-anticipated token by fractionalizing an NFT of his poetry. With the help of Ovols, a team that operates a protocol that tokenizes NFTs for DeFi, Jupiter has released $WEN under a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.jupresear.ch\/t\/wen-new-standard-wns-0-0\/133\/2\">new token standard<\/a> that enables anyone to fractionalize NFTs as a fungible token.<\/p>\n<p>Even though <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/wenwencoin\">$WEN<\/a> is a fractionalized NFT and confers part ownership in weremeow\u2019s poem, it will also operate and trade like other fungible tokens on Solana. Eligible users can claim their $WEN from 10 am ET on Jan. 26.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Jupiter LFG Launchpad Beta!<\/p>\n<p>Delighted to share our very beta LFG Launchpad, the first and only system whose goal is to infuse projects with love <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f495.png\" alt=\"\ud83d\udc95\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" \/> from a genuine Jupiter DAO and community, sets them up with long term success and protects their buyers from hype, fomo and rugs.\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Qx2f87uTbN\">pic.twitter.com\/Qx2f87uTbN<\/a><\/p>\n<p>\u2014 meow <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f967.png\" alt=\"\ud83e\udd67\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" \/> (@weremeow) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/weremeow\/status\/1749577177333645770?ref_src=twsrc%5Etfw\">January 22, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The token is the first official launch on Jupiter\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/lfg.jup.ag\/\">LFG Launchpad<\/a>. Announced on Jan. 22, the platform, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/weremeow\/status\/1749577177333645770\">now in beta<\/a>, promises a user-friendly way to launch and promote a token on Solana directly to Jupiter Exchange users.<\/p>\n<p>$WEN debuts amidst anticipation for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/airdrop.jup.ag\/\">$JUP airdrop<\/a> for Solana users. This token, which will also drop on LFG Launchpad, is scheduled for a Jan. 31 launch.<\/p>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nftnow.com\/news\/jupiter-exchange-debuts-wen-on-new-token-launchpad\/\">Jupiter Exchange Debuts $WEN On New Token Launchpad<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nftnow.com\">nft now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Jan. 25, the anonymous founder of Solana DeFi project Jupiter Exchange, known as weremeow, announced the launch of $WEN, a meme token that will reward users of its app over the past six months. The token will also reward \u201cactive Jupiter users from the last six months, several top NFT collection holders, Ovols holders, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":240002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[245,239,243,242,244,202,184,241,240,189],"class_list":["post-240894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft","tag-azuki","tag-board-ape","tag-erc115","tag-erc721","tag-metamask","tag-nft","tag-nft-technology","tag-opensea","tag-sbt","tag-soul-bound-token"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=240894"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240894\/revisions"}],"predecessor-version":[{"id":240896,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240894\/revisions\/240896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/240002"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=240894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=240894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=240894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}