What Is WeBuy (WE)? Complete Guide & Review About WeBuy

What Is WeBuy (WE)?

WeBuy Fractionization means splitting the ownership of an NFT into smaller fractions. This makes it possible for several people to collectively own a single NFT that is usually too expensive to purchase alone. As most high-profile NFTs usually sell for millions of dollars, group purchase via fractionization makes ownership of these NFTs more accessible and approachable.

WeBuy provides the ability to divide ownership of NFTs by KIP-7 and ERC-20 tokenization. We call it “Fractionization.” Fractionization makes it possible for multiple people to own a single NFT together. As many high profile NFTs can easily cost up to millions of dollars, joint purchases through fractionization not only make it easier to own expensive NFTs but has the effect of providing liquidity to the NFT market.

Fractional has revolutionized and opened up new horizons in the field of NFTs. This has allowed more people to invest in NFTs. Additional advantages of purchasing NFTs through Fractionization can be found below

Important Points Table Of WeBuy

How to Buy the Continental & Trade On Exchange?

WE Price Live Data

The live WeBuy price today is $5.14 USD with a 24-hour trading volume of $3,808,783 USD. We update WE to USD price in real-time. This is down 3.15% in the last 24 hours. The current CoinMarketCap ranking is #2865, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy WeBuy at the current rate, the top cryptocurrency exchange for trading in WeBuy stock is currently Huobi Global. You can find others listed on crypto exchanges page.

Valuation

One of the advantages of fractional is the ability to quickly assess the market value of NFTs. For example, if you want to know the value of your NFT, you can find out the value of your NFT in the market by dividing the NFT and proceeding with fractional sales.

Enhanced liquidity

Fractional NFT solves the liquidity problem. When selling expensive NFTs, there is a problem that the sale period can continue for a long time because only a small number of investors can afford the NFT, meaning the target market is limited. If the KIP-17 and ERC-721 NFTs you hold are separated into KIP-7 or ERC-20 tokens and sold partially, the NFTs will receive attention from the public rather than a small group of investors. This solves a significant part of the liquidity problem.

Democratization of Investment

WeBuy is difficult for small investors to purchase NFTs through NFT auctions. In the case of NFT auctions, usually expensive pieces are sold, so only a small number of investors can purchase the asset. However, the advent of fractional NFTs has opened up more opportunities for small investors gathered into DAO in NFT markets that were previously only for a select few.

Background

Fractionization means splitting the ownership of an NFT into smaller fractions. This makes it possible for several people to collectively own a single NFT that is usually too expensive to purchase alone. As most high-profile NFTs usually sell for millions of dollars, group purchase via fractionization makes ownership of these NFTs more accessible and approachable.

Basic Principle of Fractionization

WeBuy basics of fractional investment is as follows. For example, suppose that the NFT of Picasso’s work has a value of 1 million. The owner will fractionize the NFT and issue 10,000 KIP-7 or ERC-20 tokens for the division of the Picasso works they own on WeBuy Platform. At this time, the original NFT is locked up in the vault, and at the same time, the issued token is written with a contract that proves the stake (share) in the locked up NFT. Ownership divided in KIP-7 or ERC-20 tokens will be sold for $10. In the end, the person who purchases 1 KIP-7 or ERC-20 token will own 1/10000 of Picasso’s work.

WEBUY Features

FRACTIONIZATION

WeBuy lets users “split” their NFTs with just a click.

DAO

A DAO is where people with common interests gather to improve the ecosystem of a project or protocol. Investors of WeBuy Coin will always have a voice to shape the future of WeBuy.

SWAP

You can sell fractions of the NFT you have or use the SWAP function to purchase the fractions of the NFT you want. Abundant liquidity makes it possible to buy and sell.

MULTI-CHAIN

WeBuy aims to become a multi-chain platform that supports various mainnets. With the support and additional development of EVM-based chains, They will be a platform and service that encompasses the communities and projects of each chain.

WE TOKENOMICS

WeBuy Coin native token, WE, is backed by tokenomics designed to capture value for our fractionized NFT community.

Governance

Fee Sharing

Staking

Roadmap

2022 Q1 – WeBuy Website Launch

Deployment of community and WP

2022 Q2- WeBuy v1.0 Beta Release

Add Fractionization and Auction(Multi-chain)

2022 Q3

Governance & Staking Integration.

2022 Q4 WeBuy v2.0 Release

DAO Buy Integration