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Niner 🍡 Jiu'er
Crypto Newbie
01-05 22:30
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PANews reported on January 5th that WOOFi, the DEX protocol for the WOO ecosystem, announced on the X platform that a proposal to permanently burn 300 million locked WOO tokens (approximately 15% of the total supply) has entered the voting stage. This move will bring the circulating supply to 100% FDV, preventing further dilution. If the proposal passes, it will also terminate the "matching + burning" mechanism. The distribution of proceeds will remain unchanged: 40% will be distributed to token holders through WOO staking; 40% will be used for buybacks and burning; and 20% will be used for foundation expenses. Voting will be based on staking experience points (XP) earned through WOO staking. The voting period is 7 days, starting at 21:30 UTC on January 5th.
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