Woonkly PriceWOOPInactive

What is Woonkly (WOOP)?

Woonkly (WOOP) is a decentralised social network and DeFi protocol built on blockchain technology. The project, formerly known as Woonkly Power, has rebranded to Woonkly and operates on the BNB Smart Chain as a BEP-20 token. Woonkly's core mission is to create a Metasocial Network where every post becomes an NFT directly, giving users full control over their data. Content is not uploaded to a centralised server but stored on users' computers via IPFS (Interplanetary File System). The platform aims to become the world directory between reality and the metaverse, connecting creators, influencers, talents, NFT users, and metaverses in a decentralised ecosystem. WOOP has a maximum supply of 1,000,000,000 tokens, with a total supply of 408,889,000 WOOP and a circulating supply of approximately 228,584,357 WOOP. The project has migrated its token contract and rebranded, with development focused on AI integration and its decentralised social network.

Key Specifications & Tokenomics

• Name: Woonkly
• Ticker / Symbol: WOOP
• Former Name: Woonkly Power
• Blockchain / Platform: BNB Smart Chain (BEP20)
• Token Standard: BEP-20
• Smart Contract Address: 0xD686E8DFECFd976D80E5641489b7A18Ac16d965D
• Superseded Contract Addresses: 0x8b303d5bbfbbf46f1a4d9741e491e06986894e18 (BSC, pre-migration) and 0xaad483f97f13c6a20b9d05d07c397ce85c42c393 (Ethereum, pre-migration)
• Category: DeFi, Social, Web3, NFT Marketplace
• Max Supply: 1,000,000,000 WOOP
• Total Supply: 408,889,000 WOOP
• Circulating Supply: 228,584,357 WOOP
• Official Website: https://woonkly.com
• Whitepaper: https://whitepaper.woonkly.com/woonkly.com-eng/
• Explorer: bscscan.com
• Code Repository: https://github.com/Woonkly
• Start Date: 24 March 2021
• Headquarters: Tallinn, Estonia
• Legal Entity: Woonkly OÜ (Tallinn, Estonia)
• Whitepaper Last Updated: 24 October 2022

Who created Woonkly?

Woonkly was founded in 2018 by a Spanish team. The project is developed by Spaniards and operates as a privately held entity. The team is based in Tallinn, Estonia, which serves as the project's headquarters. The project was founded by Daniel Santos, who serves as Founder and CEO and presented the project's new whitepaper in a live event on 1 December 2021. The project has maintained an active presence through its official website, GitHub repository, Medium blog, and X (Twitter) account, demonstrating ongoing commitment to transparency and community engagement. The rebranding from Woonkly Power to Woonkly and the recent contract migration reflect the team's efforts to evolve the project and adapt to changing market conditions.

How does Woonkly work?

Woonkly operates as a decentralised social network where all posts are converted into NFTs directly on the blockchain. Unlike traditional social media platforms, content is not stored on centralised servers. Instead, it is distributed via IPFS (Interplanetary File System) and stored on users' own computers, ensuring full data ownership and privacy. The platform functions as a DeFi protocol that empowers content monetisation: capital invested in post advertising by advertisers is shared with the people who interact with that content, including posts, photos, videos, and podcasts. WOOP itself is a BEP-20 token issued on BNB Smart Chain; the project has separately described a dedicated mainnet built with Hyperledger BESU and Polkadot that connects to Binance Smart Chain. The unified WOOP token created and audited in 2024 runs on Binance Smart Chain. The integration of NFT technology enables the buying and selling of products and services, creating a direct connection between creators and their audiences without intermediaries.

What makes Woonkly unique and valuable?

Woonkly distinguishes itself through its comprehensive approach to decentralised social networking and content monetisation. The project states that posts are converted into NFTs so that users control their own content. By utilising IPFS for storage, Woonkly eliminates reliance on centralised servers, reducing censorship risks and enhancing data sovereignty. The project states that advertising capital is shared with users who engage with content. Woonkly's vision of becoming the world directory between reality and the metaverse positions it at the intersection of social media, NFTs, and Web3. The project's own mainnet, built on Hyperledger BESU and Polkadot and connected to BSC, provides its technical infrastructure. Additionally, the platform's focus on creating a decentralised worldwide directory of creators, influencers, talents, and metaverses fosters a collaborative ecosystem where participants can discover new ways to monetise their content and interact with each other.

What is Woonkly used for?

WOOP serves multiple functions within the Woonkly ecosystem. Primarily, it is used as the native utility token for the Woonkly Metasocial Network, facilitating transactions and interactions on the platform. Users can utilise WOOP to participate in the DeFi protocol, where advertising capital is distributed to content creators and engagers. The token is also integral to the NFT marketplace, enabling the buying and selling of products and services represented as non-fungible tokens. As all posts become NFTs, WOOP facilitates the creation, trading, and monetisation of this content. Additionally, WOOP can be used to access premium features, reward content creators, and participate in governance or community initiatives as the platform evolves. The token is traded on various cryptocurrency exchanges and is available for swapping via decentralised products. Its utility is deeply tied to the growth and adoption of the Woonkly social network and its associated Web3 services.

How Is the Woonkly ecosystem developing?

The Woonkly ecosystem is undergoing significant development and transformation. A major milestone was the rebranding from Woonkly Power to Woonkly and the migration to a new contract address, which was accompanied by the announcement "Woonkly Evolves into the Age of AI and Migrates its WOOP Token" published in September 2024. This indicates a strategic shift towards integrating artificial intelligence into the platform's capabilities. The project continues to build on its own mainnet using Hyperledger BESU and Polkadot, connected to BNB Smart Chain, demonstrating a commitment to technical innovation. The ecosystem encompasses a decentralised social network, an NFT marketplace, and a DeFi protocol, all working together to create a comprehensive Web3 experience. The project maintains an X account, a GitHub repository and a Medium blog, and its token is tracked on major data platforms; trading activity is currently very limited. The unified WOOP token was created and audited in 2024, merging the previous BSC and Ethereum tokens into a single BEP-20 token on Binance Smart Chain.

According to public sources, the WOOPUSD symbol is marked as delisted on TradingView, trading is limited to a single pair on LATOKEN with very low volume, and a site using the Woonkly name describes the token as a satirical memecoin from a failed project. Readers should verify the project's current status before relying on the development roadmap described above.

How to mine Woonkly?

WOOP is a BEP-20 token on the BNB Smart Chain and is not mined through traditional proof-of-work mechanisms. WOOP is not mined. It is a BEP-20 token on BNB Smart Chain that can be obtained by trading on exchanges, and the project describes its DeFi advertising protocol as distributing advertising capital to users who create and engage with content. No staking pool parameters or reward rates are published by the project. Users interested in acquiring WOOP should monitor official announcements for any staking or earning programs. As with any cryptocurrency, it is essential to conduct thorough research and understand the associated risks before participating in any earning mechanisms.

How to keep your Woonkly Coin safe?

Keeping your WOOP tokens safe requires adherence to standard cryptocurrency security practices. Since WOOP is a BEP-20 token on BNB Smart Chain, it can be stored in compatible wallets that support BEP-20 tokens, such as hardware wallets for maximum security or reputable software wallets for everyday use. Always ensure your wallet's private keys or seed phrases are kept confidential and stored offline, never shared with anyone. Be cautious of phishing attempts, fake websites, and social media scams that impersonate Woonkly or its team. Verify official links, including the website and social media accounts, before interacting with any platform. When trading or swapping WOOP, use reputable exchanges and decentralised platforms, and double-check contract addresses to avoid sending tokens to incorrect or malicious contracts. Given the contract migration history, always confirm you are using the current, official contract address. Regularly update your wallet software and consider using multi-factor authentication where available. Remember that cryptocurrency investments carry significant risk, and the value of WOOP can be highly volatile.