$WEN as a NFT Staking Reward

We'll be integrating our NFT staking product, WEN Staking (www.wenstaking.io), into the new WenMint marketplace. I propose that $WEN functions as a staking reward for those who hard stake their NFTs on WenMint.com.

A platform to look at for reference is Cardinal (https://stake.cardinal.so/). It is on Solana. Collection founders can create a staking pool for their collection, define a reward strategy, and launch staking for their holders on the platform.

The feature I envision will work a bit different since $WEN is the universal staking reward. Founders would be required to purchase $WEN and deposit them into a staking pool when launching their collection on WenMint.com. For the first X number of projects, we can match their deposit to increase the size of the staking pool available to their community and attract projects to the platform. Founders can define their own reward scheme (how many $WEN tokens earned per day for each NFT).

A strategy like this has the potential to uplift the NFT space by reducing the circulating supply of NFTs, which will improve floors across the space. It would also create buying pressure for $WEN since founders must purchase $WEN to fund their staking pool.