On January 5th, WOOFi revealed plans to permanently burn 300 million WOO tokens, which is approximately 15% of its total supply. This move aims to ensure 100% FDV in circulating supply and manage token dilution.
The proposal will conclude the ‘matching + burning’ strategy. Voting, which relies on staking experience points, lasts for 7 days. The proceeds distribution remains unchanged; holders will receive 40%, buybacks will get 40%, and foundation expenses will account for 20%.
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