Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's All-Time High: Adjusting for Inflation

Bitcoin's All-Time High: A Perspective on Inflation Adjustments As Bitcoin inches closer to its all-time high, the cryptocurrency landscape is buzzing with discussions about whether its previous peak should be adjusted for inflation. With the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator suggesting a revised target of approximately $75,000, the debate intensifies. This adjustment isn't merely academic; it reflects the evolving role of Bitcoin in the financial ecosystem, especially as it vies for status as a serious inflation hedge. Understanding the All-Time High Previous Peak : Bitcoin reached an all-time high of nearly $69,000 in November 2021. Inflation Adjustment : Adjusting for inflation brings the real target closer to $75,000, emphasizing the need to consider economic conditions over time. Bitcoin as an Inflation Hedge Despite the volatility associated with Bitcoin, it continues to be regarded as a potential safeguard a
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Unveiling the Launch of WEN Token on Solana: A Deep Dive

The launch of the WEN token on Solana's decentralized finance aggregator Jupiter has been a highly anticipated event in the crypto community. Finally, after weeks of teasing, details have emerged regarding this new meme coin. Here is what we know so far:

Key Points:

  • The WEN token will be launched on Friday via Jupiter's launchpad.
  • The token comes from the DeFi NFT protocol Ovols using Jupiter's new token launchpad.
  • Pseudonymous Jupiter founder Meow shared additional information in a post on Twitter, including a poem titled "A Love Letter to Wen Bros" that was minted as an NFT using the Wen New Standard (WNS).
  • The NFT was fractionalized into 1 trillion WEN tokens, with 70% of the supply to be distributed equally across over a million eligible Solana wallets.
  • Claiming of the tokens will begin at 10 a.m. ET on Friday, January 26.
  • Despite its fractionalized nature, WEN tokens will trade like normal Solana tokens.

Eligibility Criteria:

  • Active Jupiter users over the past six months are eligible to receive WEN tokens.
  • Owners of Solana Saga smartphones are also included in the list of eligible wallets.
  • Holders of NFTs from Ovols and several top NFT collections will be eligible for WEN token distribution.
  • Full details regarding eligibility have yet to be confirmed.

The Wen Foundation, led by the Ovols NFT community, aims to give back to the Solana community by supporting the development of public goods and promoting the unique possibilities offered by Solana. As the launch date approaches, the crypto community eagerly awaits the distribution of the WEN token and the impact it may have on the Solana ecosystem.

Email Post

Comments

Post a Comment

Trending Stories