PANews reported on January 26 that Meow, the founder of Solana ecological transaction aggregator Jupiter, announced the details of the sale of WEN, its first LFG Launchpa Beta project, on the X platform. Meow said that WEN is also Jupiter’s first untested official Beta LFG project. The launch will be completed within 24 hours, starting at 23:00 Beijing time on January 26. 70% of WEN will be available to over 1 million wallets, including active Jupiter users in the past 6 months, several top NFT collectible holders, Ovols holders, and Genesis saga holders. Each wallet will get the same amount. The remaining 20% will go into the launched DLMM pool, and the remaining 10% will be used by the WEN vault for whatever purposes the LP deems appropriate, promoting WEN culture or driving WNS forward. 1% of the vault will be provided to the LFG Launchpad, 0.75% to the future Jupiter DAO, and 0.25% to the team.
Meow said: “Before the JUP launch, we believe this is a good, lower-risk stress test that will be a solid end-to-end test. It has more recipients, all similar components (lower amounts), and the worst-case scenario is not as dire. If we can get through the upcoming WEN and JUP launches without disaster, we will be ready to propose to the DAO on February 1st.”
Regarding the relationship between the meme coin project WEN and Meow, Meow admitted that this was the meme coin it created, and then handed the project over to the construction team Ovols. Meow also shared the 0.0 version of its proposed new NFT standard WEN, which is a "very lightweight" NFT standard built on Token2022 to achieve maximum ecosystem composability, flexibility, and backward compatibility. WNS 0.0 started very simple, with only 3 fields (name, symbol, uri), and new features will only be added if the community agrees.
