but does anyone have any thoughts on the accuracy of this? (Also not exactly sure what “bps” means)
Ive got an example of what I think he’s saying, and if true/correct then it’s very encouraging because I doubt my example is beyond the realms of possibility. On the other hand, I think it’s oversimplified and won’t quite be how it works 🤷♂️: If there’s a daily volume of $100,000,000 on WooFi Swap, then at 0.1% fee, that would generate $100,000 per day. X 30 days = $3,000,000 per month. Divide by 2 for the 50% buy back = $1,500,000 toward the burn. At current $WOO price, the monthly buy back would get 1.2mil WOO. All of the above could be my misunderstanding so open to being corrected!
This may sound like a noob question . But it the low amount of circulating coins going to be a potential issue with the price?
It hasn’t for other exchange tokens. The team doesn’t use WOO to fund operations so most of the unlocks go to investors or people who believe in the project
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