WOO Network Burns 750k Tokens Over Thanksgiving Weekend
WOO Network Burns 750k Tokens Over Thanksgiving Weekend
馃敟 Another 750k Gone
WOO Network continued its aggressive token buyback program during Thanksgiving weekend, purchasing and permanently destroying 750,000 $WOO tokens since Monday.
This latest burn follows the project's ongoing commitment to reducing token supply through systematic buybacks. The team has previously demonstrated consistent execution of this strategy, with regular token purchases and burns.
- 750k tokens removed from circulation
- Buybacks occurred over 4-day period since Monday
- Part of ongoing deflationary mechanism
The token burns represent WOO Network's approach to creating scarcity and potentially supporting token value through supply reduction. These systematic buybacks have become a regular feature of the project's tokenomics strategy.
Happy Thanksgiving weekend to our WOO friends Since Monday, we've bought back and permanently destroyed another 750k $WOO
The 2nd week of additional $WOO buyback and burns has started Track it live on our dune 馃
WOOFi Swap Completes Oracle Update, Begins Base Testing Phase
WOOFi Swap has successfully updated its onchain price oracle and entered active testing on Base network. **Key Developments:** - New oracle infrastructure now deployed - Base network testing currently underway - Capital scaling and next phase preparations pending test completion **Background:** This milestone follows a multi-week upgrade process that began in early May. The team paused swap contracts temporarily while maintaining earn yields and coverage. Testing will expand to additional chains following Base validation. The upgrade aims to improve liquidity distribution across WOOFi's supported chains, with implications for both the swap platform and $WOO token utility.
Frontier AI Labs Enable Agent Access via ChatGPT and Grok Subscriptions
Major AI labs are now allowing users to connect to AI agents through existing ChatGPT or Grok (X Premium+) subscriptions. **Key Features:** - Direct access to agents like Starchild through familiar platforms - Automated trading use cases now available - Additional $WOO integrations planned **Trading Capabilities:** Users can brainstorm and execute custom trading strategies by describing ideas to the agent, which then automates execution. Trading fees on platforms like WOOFi Pro are rebated to $WOO stakers. The integration aims to make AI agent functionality more accessible through subscriptions users already have.
WOO Community Votes to Burn 300M Tokens
The WOO community has unanimously approved a proposal to permanently burn 300 million $WOO tokens, representing approximately 15% of the total supply. **Key Details:** - Vote concluded with 100% approval - 300M tokens (~15% of supply) will be burned in coming days - This brings circulating supply to 100% of fully diluted valuation (FDV) - Eliminates future token dilution The burn removes a previously locked token tranche, marking a significant shift in WOO's tokenomics. With no remaining locked supply, holders face zero future dilution risk.
WOOFi Pro Launches AI Trading Copilot Integration
**WOOFi Pro** has integrated **Starchild AI** as a trading copilot directly into its platform interface. The AI assistant aims to help traders make more informed decisions by providing real-time analysis and guidance. Setup is designed to be straightforward for users. - Currently in **beta phase** with regular updates - Available on WOOFi Pro 2.0 platform - Integrated directly into the trading UI The feature represents WOOFi's effort to combine automated intelligence with decentralized trading capabilities.
WOO Network Burns Record 3.7M Tokens in Largest Monthly Destruction
**WOO Network achieved its largest monthly token burn**, destroying 3,738,597 $WOO tokens permanently. The **record burn was boosted** by the platform's enhanced buyback program using weekly trading fees. - Previous monthly burns were significantly smaller (2.1M tokens in September) - Tokens are permanently removed from circulation - Community feedback requested on current fee distribution model The burn mechanism aims to **reduce token supply** and potentially increase value for remaining holders through scarcity. [View burn transaction](https://etherscan.io/tx/0xfbd89ee0c4bdce1735d5c7bf988621e0f071e391c8c1f1030cfe857840587641)