WOO Network will burn over 705 million WOO tokens, accounting for approximately 24% of the maximum supply

ChainCatcher news, the cryptocurrency liquidity platform WOO Network is implementing a series of improvements to the WOO tokenomics, which will involve the destruction of over 705 million WOO tokens, accounting for approximately 24% of the maximum supply, as WOO Ventures, WOO DAO, and the insurance fund will gradually shut down. All destruction mechanisms will be halted.

Additionally, approximately 545 million WOO ecosystem reward tokens are being transferred to a time-locked smart contract, which will be granted linearly over 5 years. (source link)