WLKN

Aspect	Information
Short Name	WLKN
Full Name	Walken
Founded Year	2022
Main Founders	Alexei Kulevets,Alexei Porodzinsky, Konstantin Kozlovsky
Support Exchanges	Bybit, Huobi, Gate.io, AscendEX, Bitget
Storage Wallet	Mobile wallets，Paper wallets

Overview of Walken(WLKN)

Walken, abbreviated as WLKN, is a dynamic cryptocurrency project established in 2022. As a testament to its commitment to revolutionizing the music industry, Walken has secured support on various exchanges including Uniswap (V2), Gate.io, MEXC, BitMart, and LBank, enhancing its accessibility and liquidity for investors and users alike.

Walken is primarily known for its move-to-earn game, which incentivizes users to walk, jog, or run by rewarding them with the WLKN token. Players can use WLKN to purchase in-game assets like NFT “CAThletes” (digital companions), which can further enhance their earning potential. The game also integrates DeFi features, allowing users to stake WLKN for passive income. While not solely an NFT token, NFTs play a significant role in the Walken ecosystem, and the project has broader ambitions to become a lifestyle platform that merges fitness, gaming, and crypto.

To obtain more information, you can visit their website：https://walken.io/ and try to log in or register to use more services.

Pros and Cons

Pros	Cons
Operates on a secure blockchain system	Value is highly volatile
Transactions are verifiable	Dependent on the availability of “nodes” for transactional effectiveness
Can be stored and moved in various wallet software	Requires detailed understanding of its operation for potential users
Decentralized authority	Faced with potential risks associated with the uncertain future of cryptocurrencies

Pros of Walken (WLKN):

1. Operates on a secure blockchain system: Like numerous other cryptocurrencies, Walken utilizes a blockchain system for its operations. This technology enables it to have a robust and secure infrastructure for the transfer of digital assets, as each transaction is stored in multiple places across the network.

2. Transactions are verifiable: Any transaction made with Walken (WLKN) can be verified, providing a certain level of assurance to both sender and receiver. The process of verification also aids in maintaining transparency and preventing fraudulent activities.

3. Can be stored and moved in various wallet software: This feature ensures the convenience and versatility of Walken (WLKN) to its users. Depending on users' requirements and preferences, one can choose from a variety of wallet software to store and move their cryptocurrency.

4. Decentralized authority: Walken (WLKN), in line with the underlying principle of cryptocurrencies, is controlled by decentralized authority. This means it's not subject to the same regulations and policies as traditional currencies, providing users with a level of autonomy.

Cons of Walken (WLKN):

1. Value is highly volatile: Like other digital currencies, the value of Walken (WLKN) can fluctuate wildly due to factors such as market demand, supply dynamics, and macroeconomic factors. This volatility can pose investment risks.

2. Dependent on the availability of “nodes” for transactional effectiveness: The operation of Walken (WLKN) relies upon a network of nodes for transaction verification. Unavailability or malfunction of these nodes could potentially disrupt transactions.

3. Requires detailed understanding of its operation for potential users: To fully leverage the benefits of and navigate potential pitfalls with Walken (WLKN), potential users will need to understand its operation, technology, and inherent risks, which could be technically daunting for some.

4. Faced with potential risks associated with the uncertain future of cryptocurrencies: As with all cryptocurrencies, Walken (WLKN)'s future can be fraught with uncertainty due to regulatory changes, technological advancements, market adaptations, and myriad other factors. Therefore, any investment in Walken (WLKN) or similar digital assets should be approached with caution.

What Makes Walken(WLKN) Unique？

Walken (WLKN) presents a unique approach to digital currency by building upon the established fundamentals of cryptocurrency while seeking to overcome some of the limitations faced by its predecessors. The exact nature of these innovations, however, would depend on details specified by the creators of this particular cryptocurrency, details which have not been supplied in this context.

When talking about innovations, some potential areas could be in the algorithms used for transaction verification, the methodologies devised for controlling the creation of new coins, the organization of its decentralized network, and the nature of its privacy protections.

As for how it differentiates from other cryptocurrencies, this again would hinge on precise specifications which have not been provided. One can fairly compare specifically how Walken (WLKN) differs from other cryptocurrencies when additional information regarding its technical workings, economic model, utility, and regulatory compliance etc., is made available.

Therefore, while it would be accurate to say that Walken (WLKN), as a unique cryptocurrency, certainly has its peculiar features and operational dynamics in the broad world of digital currencies, the exact nature of its innovations and differentiators cannot be expanded upon without further information.

Price of Walken (WLKN)

The circulating supply of Walken (WLKN) is currently 514,072,761.991 WLKN. This means that there are 514 million WLKN tokens that are currently in circulation and can be traded on exchanges.

The price of WLKN has been fluctuating significantly in recent months. On 2023-08-15, WLKN reached an all-time high of $0.165415. However, since then, the price has fallen by over 50%. As of 2023-10-24 01:08 EDT, WLKN is trading at $0.00406363 per token.

How Does Walken(WLKN) Work？

The working mode and principle of Walken (WLKN), like most cryptocurrencies, revolves around an underlying technology called the blockchain.

The blockchain is essentially a digital ledger that records all transactions made with a particular cryptocurrency, like WLKN. These transactions are grouped into 'blocks', and these blocks are linked together to form a 'chain', hence the term 'blockchain.'

Every time a WLKN transaction is initiated, it is digitally signed and added to the next block in the chain. Before the transaction can be added, however, it needs to be verified. This verification is completed by a decentralized network of computers – called nodes – which use cryptography to verify the transaction's integrity and prevent fraud. Once the transaction is verified, it is added to the chain, effectively completing the transaction.

Because each block in the chain is linked to the one before it, altering a completed transaction in the ledger is nearly impossible. This secure transaction process, combined with the decentralized network of computers that verify each transaction, makes WLKN resistant to fraud and double-spending.

However, it's important to note that the specific workings and principles of WLKN, such as how new coins are mined or created, the protocols for transaction verification, and the specifics in the utilization of the digital currency, would depend on its unique specifications and other details that have not been provided in this context. This lack of information makes a more in-depth exploration challenging. Therefore, potential users and investors are advised to seek further information regarding WLKN's specific operational guidelines before making any decisions.

Market & Price

Walken (WLKN) has held at least one notable airdrop, distributing 10 million tokens in May 2023 with additional perks for stakers. While this event has passed, Walken utilizes other methods to keep its token circulating.

Currently, 579 million WLKN, roughly 29% of the total 2 billion supply, are in circulation. The remaining tokens are allocated for various purposes, including team and advisor shares, marketing, ecosystem development, and future rewards.

While airdrops might not be a continuous feature, Walken focuses on its move-to-earn gameplay as the primary driver of token distribution. Users earn WLKN for walking, jogging, or running, with the amount influenced by factors like NFT ownership and chosen activity. This system incentivizes active participation and contributes to ongoing circulation.

Additionally, WLKN integrates DeFi elements. Users can stake their tokens for passive income, locking them away and reducing circulating supply. This creates a balance between immediate rewards and long-term value creation.

Exchanges to Buy Walken(WLKN)

Walken(WLKN) is currently listed on Bybit, Huobi, Gate.io, AscendEX, Bitget, Coinstore.com. Feel free to check Price across the Markets, Trading Volume, MCap Circulating and Total Supply, Official Contract and Token Sale Research page with ROI across the private and public rounds on Cryptorank.

Bybit: Bybit is a cryptocurrency derivatives exchange that primarily focuses on offering perpetual contracts for Bitcoin and other cryptocurrencies. It's known for its user-friendly interface and features like leverage trading.

Huobi: Huobi is a global cryptocurrency exchange that provides a wide range of digital assets for trading. It's one of the largest exchanges in the world and offers various services, including spot trading, futures trading, staking, and more.

Gate.io: Gate.io is a cryptocurrency exchange that offers a diverse selection of digital assets for trading. It provides features like spot trading, margin trading, lending, and a user-friendly platform for traders and investors.

AscendEX: AscendEX, formerly known as BitMax, is a cryptocurrency exchange that provides services such as spot trading, futures trading, and staking. It's known for its strong focus on security and a variety of cryptocurrency trading pairs.

Bitget: Bitget is a cryptocurrency derivatives trading platform that specializes in futures trading. It offers a range of digital assets and trading pairs, along with features like leverage trading and perpetual contracts.

Is It Safe？

Walken (WLKN) demonstrates several positive indicators that contribute to its safety as a cryptocurrency investment.

Firstly, its development by a team with a track record of building successful mobile apps suggests a level of competence and commitment to the project. This experience implies that the team likely possesses the necessary skills and knowledge to navigate the complexities of the cryptocurrency space effectively.

Additionally, the team's commitment to transparent communication through various channels such as their website, social media, and Medium publications fosters trust and confidence among investors. This transparency allows stakeholders to stay informed about the project's progress, updates, and any potential developments, reducing uncertainty and enhancing credibility.

Moreover, the option for users to stake their WLKN tokens on reputable platforms like AscendEX and Gate.io offers a means of potentially stabilizing the token's value. Staking provides users with a way to earn rewards while contributing to the network's security, thus adding another layer of reliability to the project.

Overall, with its experienced team, transparent communication practices, and staking options, Walken appears to prioritize safety and reliability for its investors. However, as with any investment, potential risks should always be considered, and thorough research is recommended before making any financial decisions.

How to Store Walken(WLKN)？

In order to store Walken (WLKN), individuals are typically required to have a digital wallet. A wallet is a secure digital tool used to store, send, and receive cryptocurrencies. There are several types of wallets available which can be categorized into five main categories: Online (web) wallets, Mobile wallets, Desktop wallets, Hardware wallets, and Paper wallets.

1. Online (web) wallets: These are wallets that are accessible via web browsers. They are convenient as they can be accessed from any device with an internet connection. However, they can be vulnerable to online threats and hacks.

2. Mobile wallets: These are apps that you install on your smartphone. They are handy because they can make use of smartphone features such as QR code scanning.

3. Desktop wallets: As the name suggests, these wallets are installed on a personal computer, providing complete control over the wallet to the user.

4. Hardware wallets: These are physical devices like USB drives. They store your private keys offline and are considered very secure.

5. Paper wallets: These involve printing out your public and private keys and storing them in a secure place. They are immune to online threats but can be physically lost or damaged.

How to Earn Walken(WLKN)？

Those who might be suitable to buy Walken (WLKN) typically include individuals who have an understanding of cryptocurrencies and the volatility associated with these types of digital assets. This can include seasoned cryptocurrency enthusiasts, technology enthusiasts, and investors who are looking to diversify their portfolio with digital assets.

However, investing in cryptocurrencies is not only for the tech-savvy or financially well-versed individuals. Those who are eager to learn and have the patience to understand the dynamics of cryptocurrency markets can also consider investing in Walken (WLKN).

Advice to potential buyers:

1. Conduct Thorough Research: It's crucial for potential buyers to understand the technology, the inherent risks and volatility associated with WLKN and cryptocurrencies in general. They should also be familiar with the concepts of blockchain, decentralization, and cryptographic principles that underpin WLKN.

2. Consider Financial Situation: Potential WLKN buyers should consider their current financial situation and never invest more than they can afford to lose. Cryptocurrency prices can be highly volatile, and the value of one's investments can decrease as well as increase.

3. Understand Regulatory Environment: Each country has its own viewpoint and regulations regarding cryptocurrencies. Therefore, it's important for potential buyers to understand the regulatory environment in their respective country before purchasing WLKN.

4. Use Secure and Trusted Platforms: Always use secure and trusted platforms for transactions. It's always recommended to store your WLKN in a secure wallet which you control, rather than leaving it in the exchange.

Conclusion

Walken (WLKN) is a digital currency operating on a decentralized blockchain system, allowing secure and verifiable transactions amongst users. Like other cryptocurrencies, WLKN comes with its own set of benefits and risks. Its features such as verifiable transactions, utilization of various wallets, and decentralized authority provide significant advantages. However, its value's inherent volatility, reliance on nodes for transactional effectiveness, and the need for detailed understanding by users bring about certain challenges.

The development prospects of WLKN, much like any other cryptocurrency, depend on various factors such as regulatory developments, technological advancements, market demand, and competition among others. It's noteworthy to mention that the cryptocurrency market as a whole is still nascent, continually evolving and therefore inherently speculative.

FAQs

Q: What technology does Walken (WLKN) operate on？

A: Walken (WLKN) operates on a decentralized blockchain system allowing secure and verifiable digital transactions.

Q: How is the value of Walken (WLKN) determined？

A: The value of Walken (WLKN) is determined by various factors, including market demand and supply dynamics, as well as global economic conditions.

Q: What safeguards does Walken (WLKN) offer against fraudulent transactions？

A: Walken (WLKN)'s transactional integrity is protected by the use of cryptography and the peer-to-peer verification process performed by network nodes.

Q: Can investment in Walken (WLKN) guarantee profits？

A: Investment in Walken (WLKN) does not guarantee profits, as it's subject to market volatility and risks inherent to all cryptocurrencies.

Q: Is the future of Walken (WLKN) certain？

A: The future of Walken (WLKN), like other cryptocurrencies, is speculative due to factors such as regulatory changes, technological advancements and market adaptations.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.