It’s a typical refrain within the crypto world: “Wen token?” There’s rarely a satisfying answer, but when you’re asking once the WEN token will launch—well, we’ve an answer.
Solana decentralized finance (DeFi) aggregator Jupiter will launch a meme gold coin known as WEN on Friday via its launchpad, and lastly provided details for any token launch that’s been teased in recent days. The WEN drop originates from DeFi/NFT protocol Ovols using Jupiter’s new token launchpad.
Pseudonymous Jupiter founder Meow shared more information inside a Thursday morning publish on Twitter. Meow authored a poem known as “A Love Letter to Wen Bros,” that they then minted being an NFT using a new token standard known as the Wen New Standard (WNS).
That NFT ended up being fractionalized into 1 trillion WEN tokens, and 70% from the supply is going to be distributed equally across greater than a million qualified Solana wallets. The claim will start at 10 a.m. ET on Friday, The month of january 26—and despite its fractionalized origins, the official website states that WEN will “trade like normal Solana tokens.”
Who’s qualified? Based on Meow, their email list of wallets includes active Jupiter users in the last six several weeks, Solana Saga smartphone proprietors, and holders of NFTs from Ovols and “several top NFT collections.” Detailed information haven’t yet been confirmed.
“The Wen Foundation, brought through the Ovols NFT community, is really a group focused on giving to the Solana community by supporting the introduction of public goods and additional amplifying the content of what’s only possible on Solana,” the WEN website reads.
The WEN airdrop is billed like a launchpad test run in front of Jupiter’s own anticipated JUP token drop, that is looking for The month of january 31. Nearly millions of wallets are qualified for that drop, which follows other recent prominent Solana airdrops from the kind of Jito and Pyth.
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