Burn

Value

Bonk

Coin

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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>This collaboration is a significant step forward for both projects, promising added benefits to their communities.</strong></h4> 
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     The burn program operates on a simple yet impactful principle.
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    <h5><strong>Innovative Burn Program Boosts WEN Coin Value</strong></h5> 
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     Whenever users trade through <a href="https://www.coingecko.com/en/coins/bonk" target="_blank" rel="noopener">BONK</a>, a portion of the trading volume fee is allocated to buy back WEN tokens from the market. Specifically, 20% of the trading volume fee from new users and 10% from existing users is utilized for this purpose. This mechanism ensures a continuous demand for WEN tokens, effectively reducing the total supply over time.
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<p>By channeling trading fees into the buyback of <a href="https://www.altcoinbuzz.io/?s=wen" target="_blank" rel="noopener">WEN tokens</a>, the burn program contributes to the scarcity and value appreciation of the cryptocurrency. Additionally, it aligns the interests of traders and investors with the long-term success of the WEN project.</p> 
<p><img decoding="async" class="wp-image-141699 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/xcdfbgfnhggdrgfsesafjhyggdrhd-222x300.jpg" alt="" width="395" height="534" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/xcdfbgfnhggdrgfsesafjhyggdrhd-222x300.jpg 222w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/xcdfbgfnhggdrgfsesafjhyggdrhd-311x420.jpg 311w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/xcdfbgfnhggdrgfsesafjhyggdrhd.jpg 393w" sizes="(max-width: 395px) 100vw, 395px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/wenwencoin/status/1795591982339018865" target="_blank" rel="noopener">X</a></strong></h6> 
<p>As tokens are systematically removed from circulation through buybacks, the remaining tokens become more scarce, potentially leading to price appreciation. This mechanism not only benefits existing token holders but also incentivizes new users to join the ecosystem, driving further demand for WEN.</p> 
<h5><strong>More About WEN</strong></h5> 
<p><a href="https://www.altcoinbuzz.io/?s=Sanctum" target="_blank" rel="noopener">Sanctum</a> has developed wenSOL, a token that allows holders to support the Wen-run validator and secure the network while earning attractive staking rewards. By holding wenSOL, users not only contribute to network security but also become eligible for future incentives, including NFT airdrops and WEN rewards.</p> 
<p><img decoding="async" class="wp-image-141703 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcfbmhguiukh-224x300.jpg" alt="" width="375" height="502" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcfbmhguiukh-224x300.jpg 224w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcfbmhguiukh-313x420.jpg 313w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/vcfbmhguiukh.jpg 393w" sizes="(max-width: 375px) 100vw, 375px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/sanctumso/status/1794749989668966501" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Essentially, holding wenSOL means supporting the WEN validator and enjoying additional community rewards.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/wen-teams-up-with-bonk-for-burn-program/">WEN Teams Up with Bonk for Burn Program</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

WEN Teams Up with Bonk for Burn Program

Altcoin Buzz

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