[Proposal to Permanently Burn 300 Million WOO Tokens Enters Voting Stage]
The decentralized trading protocol WOOFi within the WOO ecosystem announced on Platform X that a proposal to permanently burn 300 million locked WOO tokens (approximately 15% of the total supply) has entered the voting stage. If the proposal is approved, the circulating supply will reach 100% of the fully diluted valuation (FDV), and the 'match + burn' mechanism will be terminated. The revenue distribution method will remain unchanged: 40% allocated to token holders through WOO staking, 40% used for buybacks and burns, and 20% allocated for foundation expenses. Voting is based on staking experience points (XP) obtained through WOO staking, with the voting period lasting 7 days, starting at 21:30 UTC on January 5 (5:30 UTC+8 on January 6).