WOO Network to Transfer 20% of Locked WOO Tokens to New Address
CryptoNewsTerminal Staff04 Sep, 2024
WOO Network to Transfer 20% of Locked WOO Tokens to New Address
WOO Network (WOO), a decentralized trading platform, has announced in a blog post that it will be moving 20% of its locked WOO supply to a new address. This includes 75 million WOO allocated to the ecosystem, along with: - 65 million WOO for WOO X, its centralized exchange - 45 million WOO for WOOFi, its decentralized exchange - 180 million WOO for the treasury WOO Network also stated that a portion of WOO will continue to be locked in smart contracts until WOO's fully diluted valuation (FDV) reaches certain targets. This move is part of WOO Network's commitment to transparency and security. By moving the locked WOO to a new address, WOO Network ensures that the tokens are secure and that they can be easily accessed if needed. WOO Network is a decentralized trading platform that enables users to trade digital assets in a secure and efficient manner. The platform utilizes a unique market-making algorithm that helps to reduce slippage and improve execution prices. WOO Network has also partnered with a number of leading exchanges and wallets, making it easy for users to access its services.
