The last two months have been extremely busy for the team at Weentar. We are proud to announce that we are on schedule for the launch of our web app, blockchain, and native coin in August. In this two-part series, we want to get you up to date on our accomplishments since our last post, and our plans going forward.
On May 18th, the team added liquidity to allow for trading on Pancake Swap. The token saw trades meeting the teams launch expectations, around $0.04, and the number of holders was quickly climbing. Unfortunately, overnight the cryptocurrency industry experienced a brutal sell-off.
The project remained financially stable, but the launch price was not able to hold, and trading fell below presale prices as people scrambled to exit the market. The good news for supporters was that they were able to average down, increasing their holdings while lowering their average price per token.
The vision remained the same, the goals remained the same, and the seasoned cryptocurrency investors recognized the opportunity in front of them. We have seen individual holdings increase by over 100x since launch, and because of that, the price has remained relatively stable since the initial drop.
Taking Care of Business
Now that we have covered the hard start, let’s get into what we have accomplished and where we are going. We took care of some standard measures, including getting listed on CoinGecko, and CoinMarketCap. We have over 600 likes on CoinGecko. We are on over 1,200 watch lists on CoinMarketCap. We have the highest DEXT Score possible (99) on DEXTools. We were specially chosen by CoinHunt to be featured in their newsletter as a top 3 interesting project to watch.
With the market downturn, we made development of the minimum viable product (MVP) the highest priority. We expanded the development team to ensure we could create the highest quality product and have it ready for release in Q3. Marketing efforts continued, and on June 7th, Weentar announced a strategic partnership with Crowdcreate that will continue through the launch and help with further growth and user acquisition when the MVP is open to the public.
Eduardo Fonnegra, the CEO of Weentar, continues to build relationships with influencers, other executives, and celebrity management teams. People are excited to learn more about Weentar, and once the MVP is completed, additional partnership deals will be finalized and strategically announced.
This week brings three live streamed video calls with two cryptocurrency industry executives and a rising influencer who was recently featured in the Washington Post for her work analyzing crypto projects and discussing crypto news.
Wednesday, July 21 at 11:00 AM CST, Eduardo is going live with Mason Jappa, the Co-Founder and CEO of Blockware Solutions. Thursday, July 22 at 1:00 PM CST, he will be live on Twitter with CryptoWendyO. Finally, on Friday, July 23 at 10:30 AM CST, Eduardo will be going live with Alex Mashinsky, CEO of Celsius Network.
We have much more to share with you from the last few weeks, and about the future of Weentar. The entire Weentar team is hyped for August, and we look forward to continuing to share this journey with you. Check back again soon for Part 2 of our return to Medium!
Your Weentar Team