According to BlockBeats, on September 4, according to official news, the WOO ecosystem announced that all the remaining $45 million of WOO tokens will be locked in the treasury. Its token supply phase has officially ended, and a new era of decentralized treasury management has begun. Since launching the token economic reform in early 2023, WOO has been committed to building a stable and sustainable token supply system. The decision to lock all reserved tokens stems from WOO’s deep reflection and adjustment of the token economic model. Ben Yorke, vice president of the WOO ecosystem, said that the new token unlocking mechanism will be closely linked to two key milestones: the effective implementation of the token governance mechanism and the achievement of the fully diluted market value (FDV) target.
This innovative model will solve the inflation problem caused by traditional time-based unlocking and ensure that token release is linked to the actual performance of the project and the level of community governance. Yorke emphasized that in view of the recent overspending incidents of the Ethereum Foundation and Polkadot, reducing uncertainty and promoting decentralized regulation have become the current best practices. In the current market environment, investors are paying more and more attention to the fundamentals of the token economy. This move by WOO is expected to attract more investors seeking projects with low oversupply risks and transparent governance structures.
