WOO Network to Burn over 705 Million $WOO Tokens

WOO Network, a liquidity network on Ethereum, will roll out a series of improvements to $WOO tokenomics. WOO Network will burn over 705 million $WOO tokens, about 24% of the max supply, as WOO Ventures, WOO DAO, and the insurance fund are wound down.

As part of sunsetting WOO Ventures, WOO Network will conduct a series of airdrops throughout January to existing stakers on WOO X and WOOFi. More details around the final WOO Ventures airdrops will be released in the coming weeks.