Woonkly Power is a decentralized social media network based on NFTs (non-fungible tokens) and IPFS (interplanetary file system). Woonkly Power aims to decentralize social posts by restoring power to users, allowing them to earn through NFTs and gamification.
According to the whitepaper, Woonkly Power’s primary vision is to become the world directory between reality and the metaverse. Woonkly Power connects creators, influencers, and international brands with the metaverse, play-to-earn games, and users. Woonkly Power works on both Binance Smart Chain (BSC) and Ethereum. The platform aims to include Avalanche and Solana networks and later migrate to its public blockchain.
The platform enables users to upload their audio-visual works, gain followers, and capitalize on their content. All posts on the platform are converted into NFTs directly, and users have complete control of their data. Unlike other social media networks, the content is not uploaded to a server but instead to the users’ computers through IPFS. IPFS allows creators, influencers, gamers, talents, and the metaverse to interact with each other and find out new ways to monetize content.
The WOOP token is the utility token of Woonkly Power. It works on the Binance Smart Chain (BSC) network. Token holders can use WOOP coins and reduce 50% commission in trading NFTs in the social network. Users can earn from advertising or any other service provided by the platform.
The ecosystem of Woonkly Power has allocated total token supply as follows: