Decentralized social network Woonkly Power will have its native token, WOOP, listed on the global crypto trading platform LBank Exchange. The WOOP/USDT pair will be available for trading as of 16:00 (UTC+8) on Jan. 17, 2022.
The non-fungible token (NFT) market is currently one of the most successful in the crypto space, has experienced exponential growth in both value and popularity in recent months. Woonkly Metasocial Network directly converts all social media posts into NFTs and offers users new earning opportunities through games and NFTs. Getting listed on LBank Exchange will further improve Woonkly’s coverage and be instrumental in vision achievement.
Importantly, Woonkly reinstates users’ power since it gives them 100% control of their data. Instead of uploading user content to a server, Woonkly directs it to their computers through an interplanetary file system (IPFS). This enables the creation of a decentralized global directory of creators, influencers, talents, users, games, and metaverses, all engaging with each other and developing new ways to monetize content.
For instance, creators can upload their audiovisual content and create royalties for them. The platform supports the conversion of almost any type of file into an NFT including video clips, books, podcasts, selfies, and even metaverse lands.
Of note, Woonkly’s mission is for its users to have a reference point and to be able to socialize in a decentralized manner. Its vision is to become a world directory between the physical world and the metaverse, thereby linking global creators, influencers, and brands with metaverses, play-to-earn games, and users.
Presently, Woonkly is based on two blockchains: Ethereum and the Binance Smart Chain (BSC). In the future, the platform will be available on Solana and Avalanche, after which it will launch on its public blockchain.
Since WOOP is Woonkly’s utility token, its use cuts service costs on the platform by half, including commissions on purchase and sale of NFTs on the social network, and advertising costs. WOOP is the only token that can buy and sell Woonkly.com Super Powers, and it is the only token usable on programs such as Woonkly Creators House and Woonkly Gallery House.
WOOP token has a total supply of 1 billion units. 41.5% of this is owned by the community, while 40% is owned by Woonkly’s team and advisors. 15% has been reserved for rewards, marketing, and operations. 1% has been allocated to liquidity, currently locked for 12 months, while the remaining 2.5% has been made available to exchanges for liquidity. Since WOOP is pre-mined, its supply is fixed and non-inflationary.
LBank Exchange, on which WOOP will be first available for trading, was founded in 2015. The exchange offers users safe crypto trading, specialized financial derivatives, and professional asset management services. It is now one of the most popular and trusted platforms of its kind, with over 6.4 million users from 210+ regions worldwide.