Weentar

Weentar Guide ($WNTR) Token. What is it, quote and risks

Weentar Exchanges

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What is Weentar (WNTR)? Weentar is a blockchain-based social media platform, where each post is minted as a non-fungible token (NFT) and can be auctioned or sold for a fixed price. Users can collect NFTs from their favorite creators, with the option to sell them later on the secondary market, with original creators automatically receiving royalties for each sale. The development of Weentar is planned with progressive decentralization in mind, with the aim of overcoming and solving the limitations and problems currently faced by centralized social media platforms. Some of the issues identified in the Weentar whitepaper are a lack of monetization options for users, lack of ownership and control over content, and little to no support for blockchain and cryptocurrency adoption. WNTR is a BEP-20 token issued on the BNB chain (formerly Binance Smart Chain). WNTR tokens are used to pay for products and services on the Weentar platform. Development is underway to allow WNTR tokens to be used to tip other users, participate in governance (submit proposals and vote), and more. Weentar NFTs are ERC-721 tokens that are compatible with many other NFT markets. What makes Weentar unique? Decentralized social media platforms have been criticized for being less intuitive than traditional centralized platforms. To address this issue, Weentar initially focuses on user experience, with decentralization as its goal and guiding principle in everything the team does. While the NFT market is currently dominated by digital art, Weentar also represents an exciting entry point for celebrities, influencers, photographers, musicians, and athletes. Content creators have more opportunities to win and fans have more opportunities to connect with and support creators.