Wenpad Labs [OLD]Price

(LABS)

Wenpad Labs is a decentralized, multi-chain launchpad ecosystem primarily built on the Solana network, with support for Ethereum. It evolved from the WenPad launchpad by the $WENWIFHAT team. Its core purpose is to provide a secure and efficient platform for facilitating token launches in the Web3 space, offering a robust infrastructure for new projects to emerge.

Wenpad Labs addresses critical issues prevalent in existing crypto launchpads, including the risk of "rug pulls" and scams, insufficient investor safeguards, prohibitively high launch fees, and overly centralized access control. By tackling these problems, the project seeks to rebuild trust, foster innovation, and create a more equitable and secure environment for both new projects and potential participants.

The platform provides a decentralized and multi-chain launchpad, enabling broad project reach. It incorporates DAO-driven project selection and governance, empowering the community. Crucially, it features built-in investor protection through an Insurance Protocol. Additionally, Wenpad Labs focuses on supporting early-stage developers and micro-teams, offering tools and resources for successful token launches within a transparent and secure framework.

The LABS token serves as the native utility and governance token for the entire Wenpad Labs ecosystem. Its primary uses include staking, which contributes to network security and participation rewards. It is also essential for DAO voting, allowing holders to actively participate in project selection, governance decisions, and the future direction of the platform. Furthermore, LABS facilitates fee sharing mechanisms.

Wenpad Labs supports new projects through several avenues. It offers a presale launchpad integrated with widely used wallets. A free, volume-based Telegram trending platform enhances visibility, with plans for a Telegram bot to help projects generate revenue. Additionally, the Wencubator incubation program provides comprehensive support, including launch logistics, smart contract templates, dedicated marketing assistance, and expert advisory services, ensuring sustainable growth for emerging teams.

LABS has a total supply of 100,000,000 tokens, promoting scarcity. Its tokenomics include a 10% tax on all buy and sell transactions. Half of this tax is permanently burned, continuously reducing the supply over time. The other half is directed to a staking decentralized application. Importantly, transactional taxes are also redistributed weekly to holders, providing direct benefits. The development team further commits to reinvesting all tax proceeds back into the community, fostering ecosystem growth.