WeBuy platform provides five functions including Fractionization, DaoBuy, Staking, LP Farming, and Governance, each of them provides services to users through interaction. WeBuy intends to provide additional rewards using non-fungible assets by providing the NFTFi function that combines NFT + DeFi beyond simple NFT ownership. Through Fractionization, WeBuy provides the ability to divide ownership of NFTs by KIP-7 and ERC-20 tokenization, and makes it possible for multiple people to own a single NFT together.
$WE is the governance token in the Webuy ecosystem, which is deployed on the Klaytn network. The utilities of $WE conclude staking for voting rights/rewards, creating the proposal, voting for governance, and token burn or buy back.