> For the complete documentation index, see [llms.txt](https://learn.woo.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://learn.woo.org/all-about-woo-the-token/tokenomics.md).

# Tokenomics

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%. <br>

#### 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).&#x20;

<figure><img src="/files/sZNA04BYadiOknqVTlVN" alt=""><figcaption><p>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.</p></figcaption></figure>

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.&#x20;

* 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&#x20;
* WOO company treasury: 180m for future acquisitions, investors, hiring, and strategic partnerships

&#x20;As these tokens have no vesting, they are classified in circulation, and will have regular updates on usage in the WOO quarterly report.&#x20;

\
The wallets can be monitored below:&#x20;

<table><thead><tr><th width="312">Wallet</th><th>Tokens</th><th>Status</th></tr></thead><tbody><tr><td><a href="https://etherscan.io/address/0x3592db444ab93FF0d365B938694654b3851BD60A">Ecosystem locked tranche wallet</a></td><td>300,000,000</td><td>Locked, behind event-based outcomes</td></tr><tr><td><a href="https://etherscan.io/address/0xfb8E0D79b725A3037d69a9BB85C25aC3D7dB756C">Ecosystem growth</a></td><td>75,000,000</td><td>In circulation</td></tr><tr><td><a href="https://etherscan.io/address/0x8B25B92Df08EcFC51c8F81d10f89eDaFf0444EE5">WOO X growth</a></td><td>65,000,000</td><td>In circulation</td></tr><tr><td><a href="https://etherscan.io/address/0x23D93413f6dEa80d1F8F9273bEc2Ddd75b243450">WOOFi growth</a></td><td>45,000,000</td><td>In circulation</td></tr></tbody></table>

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.&#x20;


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