WOOFi: Proposal to "permanently burn 300 million WOO tokens" has entered the voting stage
PANews reported on January 5 that WOO ecosystem DEX protocol WOOFi announced on X that a proposal to permanently burn 300 million locked WOO tokens (approximately 15% of the supply) has now entered the voting stage. This move will bring the circulating supply to 100% of the FDV, and there will be no further dilution in the future. If the proposal passes, the “match + burn” mechanism will also be terminated. The revenue distribution method will remain unchanged: 40% will be distributed to token holders through WOO staking; 40% will be used for buyback and burn; and 20% will be allocated for foundation expenses. Voting will be based on staking experience points (XP) obtained through WOO staking. The voting period is 7 days, starting from 21:30 UTC on January 5.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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