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).
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 |
|---|---|---|
300,000,000 | Locked, behind event-based outcomes | |
75,000,000 | In circulation | |
65,000,000 | In circulation | |
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.
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