The twitter space for the WOO Network ecosystem informed that 705 million WOO tokens have been burned as they complete the first step towards token improvement. This accounts for approximately 24% of the total tokens in supply.
WOO Network website had earlier claimed that the network will work towards the betterment of the token. Citing the reason of the crash of FTX and Terra Sisters in 2022, WOO Network will be working to create an environment that will not be harshly impacted by the adverse market situation.
Hence, they decided to burn a total of 705 million WOO tokens. WOO Token, WOO DAO, and WOO insurance were the fund tokens that were burned. However, the procedure is supposed to stop now.
WOO takes a step toward transparency
The network stated that they are working towards the transparency of token distribution as the first step, which will be their “recipe for success”. They also addressed the concerns being raised by the customers and members about the large supply of toke
We współpracy z: https://coingape.com/woo-token-price-soars-over-35-heres-why/
