$ 0.0036 USD
$ 0.0036 USD
$ 2.16 million USD
$ 2.16m USD
$ 44,264 USD
$ 44,264 USD
$ 614,279 USD
$ 614,279 USD
601.049 million WSI
Issue Time
2022-12-02
Platform pertained to
--
Current coin price
$0.0036USD
Market Cap
$2.16mUSD
Volume of Transaction
24h
$44,264USD
Circulating supply
601.049mWSI
Volume of Transaction
7d
$614,279USD
Change
24h
0.00%
Number of Markets
20
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
-2.34%
1Y
-80.56%
All
-98.32%
Aspect | Information |
---|---|
Short Name | WSI |
Full Name | WeSendit |
Support Exchanges | DigiFinex, XT.COM, Gate.io, PancakeSwap v2 (BSC), Baby Doge Swap |
Storage Wallet | Software wallet, hardware wallet, paper wallet |
WeSendit (WSI) is a class of cryptocurrency that was introduced to provide a unique solution for transactional challenges, primarily in the field of digital content. The inception of WSI is anchored on blockchain technology, that allows swift peer-to-peer transactions, eliminating the need for intermediaries. The currency seeks to utilize the immutability and transparency of the blockchain to provide secured transactions while preserving the privacy of the users.
In its initial phase, WSI puts a considerable emphasis on the digital content market, allowing creators and consumers to transact directly. By doing so, it aims to build an ecosystem where creators retain more control over their digital content, contributing towards a fairer digital economy model. However, like other cryptocurrencies, WSI remains subjected to market volatility, regulatory scrutiny, and adoption hurdles.
WSI uses a proof of stake consensus mechanism, attributing more decision-making power to players who hold more coins. This PoS system, compared to the energy-intensive proof of work systems used by some traditional cryptocurrencies, provides a more sustainable alternative.
Future developments and broader adoption of WeSendit will determine its impact on the digital content market and its potential application in other industries. Nonetheless, its unique approach to addressing problems in the digital content industry positions WSI as a distinctive player in the cryptocurrency space.
Pros | Cons |
---|---|
Permits peer-to-peer transactions | Subject to market volatility |
Utilizes blockchain technology | Requires regulatory compliance |
Preserves user privacy | Dependent on user adoption |
Focused on the digital content market | Limited to specific industry applications |
Uses a sustainable consensus mechanism (PoS) | Has decision-making concentrated in large stakeholders |
Over the coming decades,WSI's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.01939 and $0.2684.In 2040, our forcast suggests WSI could reach a peak price of $0.9951,with a potential minimum around $0.2303.Looking ahead to 2050, technical analysis indicates that WSI's price could range from $0.6421 to $1.88,with an estimated average trading price of about $0.6305.
WeSendit (WSI) introduces several innovative features that create a distinct presence within the cryptocurrency space.
Primarily, it leverages blockchain technology to cater to the digital content industry - a niche but growing market. Unlike some cryptocurrencies that aim for broad applicability, WSI is designed specifically with digital content creators and consumers in mind. By doing this, it creates a direct transactional channel between creators and consumers that can potentially reshape how digital content is bought and sold.
Furthermore, WSI integrates user privacy to a larger extent into its transactions. It aims to keep transactions non-publicly traceable, providing a high level of user anonymity that not all other cryptocurrencies offer, especially those based on transparent blockchains.
Perhaps significantly, WSI employs a Proof of Stake (PoS) consensus mechanism. In contrast with traditional, more energy-intensive Proof of Work (PoW) systems, the PoS system allows for a more sustainable approach to verifying transactions and maintaining the network. However, it does mean that decision-making power can end up concentrated in larger stakeholders due to their larger number of held coins.
Nonetheless, like other cryptocurrencies, WeSendit is also subject to market volatility, broad user acceptance, and regulatory compliance. It remains to be seen how these dynamics will play out as WSI evolves and seeks wider adoption.
The working mode and principle of WeSendit (WSI) borrow heavily from general blockchain technologies while introducing specific nuances tailored to its target market – the digital content industry.
Regarding the underlying principle, WSI operates on a blockchain – a decentralized and distributed digital ledger system. This blockchain records transactions across a network of computers, making alterations nearly impossible due to transparency and consensus mechanisms.
As for WSI's working mode, it functions on a Proof of Stake (PoS) consensus mechanism. Rather than requiring all participants to solve complex mathematical problems, as in a Proof of Work (PoW) system, PoS allows nodes with more currency (stakeholders) to validate transactions. This consensus mechanism significantly reduces energy consumption and ensures faster transaction verification.
Furthermore, in the WSI ecosystem, digital content creators and consumers can transact directly, bypassing traditional intermediaries. This design is intended to streamline and simplify the consumption and payment process within the digital content industry. Meanwhile, WSI ensures the privacy of these transactions, preserving user anonymity and privacy to a considerable extent.
You can buy WeSendit (WSI) on the following exchanges:
Price fluctuation
The price of WSI has fluctuated wildly since its launch. It reached an all-time high of $0.009277 on May 18, 2023, but has since fallen to $0.00000001 on October 22, 2023.
Mining cap
WSI is not a minable cryptocurrency. Instead, it is issued by the WeSendit team. The total supply of WSI is limited to 100 billion tokens.
Total circulating supply
According to CoinGecko, the total circulating supply of WSI is currently 0.
The detailed types of wallets that can store WeSendit (WSI) are not documented. However, generally, cryptocurrencies like WSI can be stored in a variety of wallets. Here are some of the typical types:
1. Software Wallets: These wallets can be installed on a computer or mobile device. They provide an easy-to-use interface and are suitable for everyday transactions. Examples can include desktop wallets, mobile wallets, and online wallets.
2. Hardware Wallets: These are physical devices designed specifically to store cryptocurrencies. They provide a higher level of security as they store the currency offline and reduce the threats from online vulnerabilities. Prominent examples of these are Ledger and Trezor.
3. Paper Wallets: These are physical copies or printouts of your public and private keys. It is a means of offline storage or “cold storage,” making it secure from online hacking threats. However, they do require appropriate care to prevent damage or loss.
Before choosing any wallet, it is crucial to verify compatibility with WSI. In addition, it‘s important to consider the wallet’s security features, user interface, backup and restore options, and continual development and community support. Always ensure to use official and secure wallets, and remember that the security also depends significantly on user behavior - remember to use strong passwords, two-factor authentication, and avoid sharing sensitive information.
Investing in WeSendit (WSI) may be suitable for a variety of individuals, depending on their investment goals, risk tolerance, and interest in the cryptocurrency market and digital content field. Here's an analysis:
1. Digital Content Creators and Consumers: As WSI is primarily focused on resolving transactional challenges within the digital content field, it can be a suitable choice for creators and consumers in this area seeking a decentralized and transparent method of transaction.
2. Long Term Cryptocurrency Investors: Those who have a long-term investment horizon and understand the potential and volatility of the cryptocurrency market might consider WSI as a part of their investment portfolio.
3. Technology Enthusiasts: Individuals who are intrigued by blockchain technology, and its potential applications in different sectors, including digital content, might be drawn towards investing in WSI.
4. Green Investors: As WSI employs a Proof of Stake (PoS) consensus mechanism, which is more environmentally friendly than the classic Proof of Work (PoW), it might attract those prioritizing sustainable investments.
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