WeBuy review details (WE)



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We Buy (WE) Coin is part of the klaytn blockchain. It facilitates the fractionisation of Non Fungible Tokens (NFTs). Fractionisation involves splitting ownership of a unit of NFT by multiple individuals. It makes it easier to own costly NFTs and provides liquidity to the NFT market.
WEUSDT
$4.9846
October 3, 2022, 7:34 pm [UTC]

No rating available for new coins
Released on May 22, 2022, 9:00 am
New Coin/Token Warning!
This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

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The WE token is the native token of the We Buy blockchain that has recently established in early 2022. The token facilitates the fractionisation of NFTs to enable easier access and ownership to smaller investors through DAO. It enhances liquidity in the NFT market by providing rewards. Holders of the coin stake it and earn mining rewards. Stakers also gain voting rights for the governance of the blockchain. The coin offers service fee subsidisation on its platform to encourage users.

 

Briefly about WeBuy

The We Buy team established the token in Q1 of 2022. It serves the We Buy ecosystem through fractionisation, DaoBuy, Staking, LP Farming, and Governance functions. The token facilitates the fractionisation of token trades for purchases of NFTs and increases liquidity. Holders of the coin earn mining rewards when they stake the token on the platform. Staking of the coin also earns them voting rights on proposals and protocol of the We Buy platform. Holders can trade it on various DEX/ CEX and earn subsidised service fees for its functionalities. The Klaytn network assists the coin and provides lower fees and faster speed and scalability. The coin is relatively new in the market. It has an impressive trend in pricing, thereby attracting interest.

WeBuy want to vitalize the utilities and usage of NFTs.CryptoLists.com
 

We Buy (WE) Coin is unique due to its utility and governance in the fractional service of NFTs. The Klaytn Mainnet deploys the token. Several NFTs are formed at a high price making them costly to individual investors. Additionally, trading of NFTs is in Ethereum, which incurs high gas fees. The high entry barriers to ownership of an NFT facilitate a solution through the We Buy (WE) Coin. The coin enables fee-sharing in acquiring a unit of NFT. It unlocks new possibilities with NFTs. The coin is also set to facilitate governance in the We Buy DAO community. Holders of the coin will have equal rights to vote on the improvements of the We Buy ecosystem. They can also issue staking for the coin and earn rewards. Implementing integration of governance and staking is to be in Q3 of 2022. It is a critical stage of its roadmap. Furthermore, the We Buy (WE) token is set to be in the DAO Buy Integration in the last quarter of 2022 after the We Buy v2.0 release.

 

Utility of WeBuy?

Holders of the WE token have several incentives for its utilisation. It offers a service fee subsidisation in the ecosystem. The subsidy applies to the fractionisation of NFTs, DAO buys, and NFT auctions. This facilitates partial ownership of more often expensive NFTs that individual small investors may not access. Staking earns mining rewards and rewards holders who provide liquidity to the We Buy ecosystem. Holders of the coin can also trade it on Centralised and Decentralised exchanges for other digital assets.

The coin also acts as a governance token in the We Buy ecosystem. Holders can stake it to obtain voting rights. It is essential while developing proposals, voting on development, liquidity pool creation and treasury of funds use. It is a deflationary mechanism where burnt WE is spent to subsidise service fees on fractionisation, DAO Buy, and NFT auction. The burn is via a smart contract with tokens sent directly to the burn address. A governance vote decides the other percentage.

WeBuy Price details

KLAYTN Contract address: 0xfaea8f7839f343a52c11a2d5395406eb2a87c55b
›› Details & Tokenomics
 

Advantages at WeBuy

+ It enhance value discovery of NFTs through facilitating fractionisation of the NFT.
+ Enhanced liquidity of the NFT market with fractional NFTs attracting small investors.
+ Facilitated democratised investments by small investers into DAO in NFT auction markets.
+ The token has achieved listing on various platforms in Q2 of 2022.
 

Disadvantages

- The coin is relatively new hence little awareness on its functionality.
- Few holders who have a high percentage of the total supply.
- There are limited exchanges supporting the token.
- The token is not yet available for governance and staking.
 

Costs

▪ Rated at 9/10

The transaction costs of the We Buy (WE) coin vary between the exchanges. These are Huobi Global and Bitmart. There is no deposit fee for the token. However, there is a charge for withdrawing the token from the exchanges.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 9/10

The crypto market has well-received We Buy coin due to its fractionisation of NFT facilitation. The number of gas fees and prices of NFTs previously excluded small investors from accessing the thriving NFT space. Several online forums are delighted with the token's project and its developments. It successfully conducted an airdrop issuing several rewards. It has acquired a listing recently, with Huobi Global being the most recent exchange. It offers WE/USDT pair trading, which several crypto users are excited about. Its blockchain has delivered strong partnerships with market leaders that will assist in the growth of the coin. These partnerships include Dynasty Channel, Named, NFVentures, RedHat Capital, A+Ventures, BOLD Ventures, Stacker Ventures, Xclusive, Sunmiya Club, and Lionline Finance. The coin's platform launched its official website and the WeBuy v1.0 Beta Release. Online forums anticipate the LP Farming, Governance, and DAO Buy integration. The WeBuy v2.0 Release is to be released towards the end of the year.

 

Some of the developers involved in WeBuy

▪ Rated at 9/10
The logos below represent some of the developers who have been involved in WeBuy. Check out the developer about page, by clicking the logo. There you can see what coins they have developed and at what exchanges, brokers and trading platforms their coins are available.
 

FAQ

Where to buy the We Buy (WE) token?

The WE token is listed in exchanges including:
Huobi Global
BitMart

What are the popular trading pairs of We Buy( WE) on exchanges?

Trading pairs of We Buy(WE) coin include:
WE/USD
WE/CAD
WE/EUR
WE/PHP
WE/INR
WE/IDR

What is the total supply of the We Buy (WE) token?

The We Buy token has a total supply of 2,500,000,000

When is the coin available for governance and staking integration?

As per the platform's roadmap, the coin expects to roll out governance and staking integration in Q3 of 2022.

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Screenshots from WeBuy

Click for larger image
 

WeBuy details and tokenomics

WeBuy Ticker: WE
KLAYTN Contract address: 0xfaea8f7839f343a52c11a2d5395406eb2a87c55b
Type of crypto: klaytn-token
Launch/ICO Date: May 22, 2022
Circulating supply: 2
Max supply: 2
Resources & Social media
🔗Blockchain URL: https://scope.klaytn.com
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