Where to buy veDAO (WEVE) coin: it has jumped 218% on its second day after launch
- The veDAO (WEVE) coin is currently trading at $0.2436.
- It has gone up by 218.54% in the last 24 hours.
- Here is a quick guide on the best places to buy the WEVE token.
The veDAO (WEVE) coin is a relatively new cryptocurrency that is making headlines both within the Decentralized finance and (DeFi) and Non-Fungible Tokens arena.
The token was launched a day ago and its price has shot up by more than 200% since its launch.
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To help those interested in veDAO (WEVE), Invezz has created a brief article to help with identifying the best places to buy it.
To find out more, please continue reading.
Best places to buy veDAO (WEVE) coin
What is veDAO (WEVE)?
veDAO (WEVE), which is also referred to as just WEVE, is the native and governance token of the veDAO.
In its whitepaper, the veDAO says it is an experiment that has a single purpose of capturing “enough total value locked (TVL) to qualify as a top 20 project on Fantom, meeting the snapshot requirements to receive one of Andre Cronje’s ve3 NFTs”
Andre Cronje has on several medium and tweets posts outlined the planned distribution of ve3 NFTs to the top 20 Fantom TVL teams based on the on DeFiLlama dashboards ranking.
Individuals are free to farm WEVE, the governance token of veDAO, by participating in a four-week yield farming liquidity mining program.
The WEVE token holders will then be able to govern the Cronje ve3 NFT.
The veDAO, which is a Decentralized Autonomous Organization (DAO), will also determine how future NFT farming rewards will be distributed.
Should I buy the WEVE token today?
If you are looking for a new cryptocurrency that had been a strong bullish trend, then the WEVE coin is a good choice.
However, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
veDAO price prediction
All eyes are set on the region above $0.28 and analysts believe that if the veDAO coin continues in the current bullish trajectory it has started, could hit that price before the end of January.