WOOFi: "The proposal to permanently burn 300 million WOO tokens" has entered the voting stage

2026-01-05 14:30:17

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PANews January 5 News, WOO ecosystem DEX protocol WOOFi announced on X platform that a proposal to permanently burn and lock 300 million WOO tokens (approximately 15% of the supply) has entered the voting stage. This move will bring the circulating supply to 100% of 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% allocated to token holders through WOO staking; 40% used for buyback and burn; 20% for foundation expenses. Voting will be based on staking experience points (XP) earned through WOO staking. The voting period is 7 days, starting from 21:30 UTC on January 5.

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