had its token generation event through a series of 🚀launchpads.
Ever since, the majority of the circulating supply has been entered through growth campaigns, 🤝partnerships, staking and DMM programs, and private investor sales.
Also, 772m tokens💰, accounting for roughly 26% of the total supply, have been burned and permanently removed from supply.
WHAT IS THE NEXT CHAPTER?
▫️Becoming an application-focused ecosystem🌐.
▫️Addressing surplus ecosystem tokens through an 🚀innovative locking mechanism.
▫️Quarterly reporting of token expenses 🧾going forward.
▫️Taking another step towards decentralized governance for 💰 WOO.
The article will be broken into sections to better convey what's next to our 🥰 community.
Feel free to ask questions and check the article for further information.
BUILDING ON BECOMING AN APPLICATION-FOCUSED ECOSYSTEM: The Next Chapter WOO-tory 101: WOO began as an institutional 🏪 liquidity provider, which mainly serviced Tier 2 centralized exchanges📈 and brokers. Presently, the ecosystem has grown 🚀with WOO X becoming the flagship centralized exchange, WOOFi an all-in-one DeFi platform, and the WOO Innovation hub💡 which actively vets early-stage builders in efforts to find more applications that attract new users 💪and drive utility to the WOO token 💰. Becoming An Application-focused Ecosystem ▫️Our ultimate goal 🚀is for the WOO ecosystem to become the leading application layer that onboards the next wave of users to crypto 📈 by simplifying and demystifying the entire experience. ▫️The series of theses outlining our💪 bold new vision for the WOO ecosystem 🌐will be shared soon. In essence, we believe the era of the "fat protocol" is coming to an end, and that consumer-facing crypto applications will increasingly capture more attention and value 🌟within the space. ▫️We aim to make crypto 🚀 accessible to everyone by abstracting its complexities, seamlessly integrating CeFi📈 and DeFi, curating the best opportunities, and delivering a next-generation user experience powered by AI ✨. ▫️With the right tokenomics 📜 and value capture mechanisms, $WOO is positioned to become a one-of-a-kind 💪application token in the space. For more information 💡 click the link to the article and feel free to ask questions.
DISTRIBUTION OF REMAINING LOCKED TOKENS : The Next Chapter Approximately 20% of the token supply remains under the ecosystem 🌐 control. These tokens will be separated into new addresses, to incentivize 🚀future growth: ▫️The Ecosystem: 75m $WOO 💰to be used for ecosystem-wide campaigns, developer👩💻 grants, innovation hub ✨initiatives and partnerships 🤝 that add utility to WOO. ▫️WOO X: 65m $WOO to give the flagship 📈centralized exchange growth and liquidity incentives. ▫️WOOFi: 45m $WOO for user growth 🚀 campaigns that benefits the Swap, 🤑Earn, Stake, and Pro applications. ▫️WOO company treasury: 180m $WOO for future acquisitions, 💹investors, hiring, and strategic partnerships🤝 📍Going forward, these token 💰in question will now be fully available for use, won't be subject to time restrictions, and activity from each address will be regularly monitored 🕵️♂️ and summarize in subsequent report. For more information, read the article on woo blog.
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