For the first time ever, users can now market-make NFTs directly on @Kamino_Finance.
This is a big step, and exciting advancement towards combining DeFi with NFTs.
We're excited to be pioneering the NFT space and working with some amazing partners in the process.
Buying @OvolsNFT here at 10 SOL
Confirmed $WEN airdrop - Phantom
Working with the JUP team - @weremeow
Speculation around @MagicEden airdrop
Floor was at 10 SOL before all this newsโฆ Could be wrong but feels extremely obvious
A coin for the people, but WEN?
I thought it'd be fun to write some of my thoughts and explanations leading up to the $WEN launch. I also want to say a big thank you to the entire Jupiter team for having one of the best teams and communities to work with.
Over the past almost 2 years of chewing glass, we've been using @JupiterExchange within our protocols to power our token swapping.
As Jupiter lunched their DCA feature, we immediately decided to integrate this into our app. Giving users/traders more optionality when trading fractional tokens. It sparked a fun relationship between both the Jupiter and Ovols team for what can be done with NFTs.
After collaborating on a few things, we started working on the Jupiter Start program together and found out the two communities had close ties. Lone behold, there ended up being some chemistry between owls and cats.
@weremeow is an essay machine as crypto twitter knows, who also drops some quality poems. Thinking of cool ways to bring those poems to life, we thought about fractionalization and making a collection out of those poems so everyone can have a share. It'd be fun having a collection of poems that everyone can have partial ownership in.
As the $JUP launch was getting closer, it was clear there needed to be a lot testing. Especially running through the brand new Jupiter LFG Launchpad. Solana really hasn't seen a launch of this magnitude.
Someone brought up the point, why not launch a test token, which of course meow ran a poll to see that everyone is a degen and wants more memecoins.
Putting an owl and cat brain together, we figured why not fractionalize a poem and use the fractions of that poem as the coin to test the Jupiter launch.
It all made sense, bring Meow's first ever NFT to life, disperse ownership of that poem between 1M+ wallets to give back to Solana, create the first community coin based off a fractional NFT, and do a massive test for the launchpad ahead of $JUP.
Putting more and more together, we began creating exciting and experimental ways to make this community coin unique. Now being a fractionalized NFT and stemming from meow's wen poem "A Love Letter to Wen Bros", we can enable something much much larger.
$WEN
A coin with a lot on its plate.
- The first community coin based off a fractional NFT
- The first official launch on Jupiter's LFG launchpad
- The first NFT minted on the WNS NFT standard
- Distributed to 1M+ active Solana wallets
$WEN was born to push the limits of Solana.
Using tech from @OvolsNFT, Meow's poem was split into a trillion pieces. These fractions trade just like any normal Solana token. Each $wen token equals proportional ownership in Meow's poem.
Wen embodies a powerful crypto message. It means you are wanted, people are looking for your next move. Even if it's just anons on the internet.
We wanted to create a coin to give back to Solana and show what's possible on this chain.
Allocations
Not only are we testing the Jupiter launchpad, but we are also giving back to those in the community. The allocation is as simple as it gets.
70% Airdrop | 20% LP | 10% Treasury
We might as well create one of the most exciting airdrops and entrances in preparation for the $JUP launch.
1M Recipients
The airdrop will be equally distributed between 1M+ wallets. Being split between a variety of active users on Solana.
The 70% airdrop is allotted to:
- Active Jupiter wallets from the last 6 months
- @OvolsNFT holders
- @MadLads holders
- @tensor_hq holders
- @Claynosaurz holders
- @GalacticGeckoSG holders
- @DegenApeAcademy holders
- Genesis Saga Token holders
The NFT collections were simply chosen based on market-cap to keep things simple.
The airdrop is equally distributed between every single wallet.
I'm curious to see how all the degens play with a 70% airdrop when there are no whales or users with large allocations off the bat. (of course all you solana manlets might have several wallets with allocations)
Launch
The launch of $WEN will take place on the Jupiter LFG Launchpad on Friday Jan. 26th at 3PM UTC/10AM EST.
The Claim window will be open for 3 days, and after the claim window has finished - all unclaimed $WEN will be burned.
This launch will be a beast of its own for Solana to experience. On-chain launches are quite a different animal with a ton of coordination needed between infrastructure partners.
Users will be able to watch the exact countdown for when trading/claiming goes live during the launch. People also have the ability to setup DCAs and limit orders before the launch starts. With all of these measures set in place, Jupiter will allow for the most transparent coin launch possible.
It's pretty excited to see this new token launch layout, IMO it will set a precedent for all token launches going forward.
Prior to launch you can setup:
- Priority fees
- Slippage
- DCA orders
- Limit orders
This allows everyone the most fair opportunity at the coin launch.
WNS 0.0 - Wen New Standard
On top of everything else, $WEN stems from a fractional NFT that was minted on a new NFT standard.
WNS is an experimental NFT standard currently with only one NFT minted - Meow's poem.
WNS is a distributed coalition of ecosystem partners, beginning with @OvolsNFT and @JupiterExchange, building toward a more decentralized future for Solana. It is supported by the Wen Foundation, a Solana public goods organization.
Wen
I think itโs incredibly fun being able to test the Jupiter platform and test the limits of Solana, all while creating an impactful community coin.
@wenwencoin is designed to give back to the community in meaningful ways that weโre excited to explore. Letโs create some chaos, break barriers, and grow the pie ๐ฅง
Get the most out of our JPEGS, the Ovols site will be growing sooner than you think.
๐ https://t.co/kdJvubbYre
We've also revamped our Gitbook for people interested in learning more about the Ovols ecosystem.
๐ https://t.co/358tVOQ0vl
Ovols v2 is now LIVE ๐ซ
A revamped trading, fractionalizing, and NFT experience.
We've converted the site from an NFT community website to a front-facing protocol.
Over the recent months we've seen incredible traction and are excited to double down on our vision ๐๐
We're excited to be partnering with @MeteoraAG to provide new LP options using Ovols' tokenization standard.
Meteora is powering the $JUP launch to showcase its dynamic liquidity systems and will be rewarding LPs on its 10% LP Stimulus Plan.
Let's keep moving forward together.