Tokenomics

An overview of the latest circulating versus locked supply, with vesting terms for full transparency

The WOO token had its token generation event (TGE) in October of 2020, and then embarked on a four year vesting journey to its current state. At launch it had the following characteristics:

• Maximum Supply: 3,000,000,000

• Initial Circulating Supply: 91,200,000

• Seed Round Price: 0.01 USDT

• Private Round Price: 0.02 USDT

• Public Round Price: 0.03 USDT

The original distribution was announced as follows:

Allocation	Percent	Tokens
Ecosystem	50%	1,500,000,000
Team	20%	600,000,000
Seed and private sales	20%	600,000,000
Advisor	5%	150,000,000
Liquidity management	5%	150,000,000
Total	100%	3,000,000,000

Over the four years since TGE, the majority of the tokens have entered the supply, according to the vesting schedule outlined at launch. 772m tokens, roughly 26% of the total supply, has been burned. As of Q3, 2024, the circulating supply was 1.9b out of a total supply of 2.2b, leaving a circulating supply to fully-diluted (FDV) ratio of 89%. With legacy vesting set to expire in Q4 of 2024, WOO's inflation rate should drop below 5%.

Achieving better ecosystem alignment

In Q3, 2024, adjustments were made to improve investor confidence and increase accountability, setting a path for decentralized governance. 300m tokens were locked behind event-based outcomes, meaning the tokens won't be accessible until a decentralized treasury management system was in place, and the FDV had reached specific thresholds (depicted below).

Tranches do not unlock until the FDV reaches the threshold in column 2 and decentralized governance is established. Until then, the tokens are effectively out of the supply.

The remaining ecosystem tokens were earmarked for growth by individual entities in the ecosystem, who are responsible for the use and reporting of these tokens.

• Ecosystem: 75m WOO to be used for ecosystem-wide campaigns, developer grants, innovation hub initiatives, and partnerships that add utility to WOO

• WOO X: 65m WOO to give the flagship centralized exchange growth and liquidity incentives

• WOOFi: 45m WOO for user growth campaigns benefiting the Swap, Earn, Stake, and Pro applications

• WOO company treasury: 180m for future acquisitions, investors, hiring, and strategic partnerships

As these tokens have no vesting, they are classified in circulation, and will have regular updates on usage in the WOO quarterly report.

The wallets can be monitored below:

Wallet	Tokens	Status
Ecosystem locked tranche wallet	300,000,000	Locked, behind event-based outcomes
Ecosystem growth	75,000,000	In circulation
WOO X growth	65,000,000	In circulation
WOOFi growth	45,000,000	In circulation

More updates will continue in 2024 as WOO pushes to increase transparency and accountability, while generating more utility, reducing inflation, and creating more adoption of the token.