According to TechFlow, on September 4, the WOO ecosystem announced that it would lock all of the remaining $45 million of WOO tokens in the treasury, marking the official end of its token supply phase and the beginning of a new era of decentralized treasury management.
Since launching the token economy 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 economy model.
Ben Yorke, Vice President of 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 aims to 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 supervision have become current best practices.
In the current market environment, investors are paying more and more attention to the fundamentals of token economy. WOO’s move is expected to attract more investors seeking projects with low oversupply risk and transparent governance structure.
