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New WOO X Reward System for Stakers: What's Changing?

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by Giorgi Kostiuk

a year ago

The WOO X platform has announced the introduction of a new reward system for $WOO token holders, moving away from inflationary rewards by 2025.

New Staking Rewards System at WOO

From January 23 to February 6, each transaction on WOO X will increase the reward pool, which will later be distributed via WOO Stake. This change aims to enhance interaction with the community and token holders, creating mutually beneficial outcomes.

Inflation Reduction and Revised Rewards

In the last quarter, inflation in WOO token emissions for rewards decreased by over 60%. Now, 15,000 WOO is distributed daily, with plans to reduce this to zero by the end of the first quarter. Incoming revenue will be generated through WOOFi protocols, distributed through smart contracts.

Future Initiatives and Benefits

WOO X continues to adapt its ecosystem, offering benefits to traders holding WOO on the platform. The company aims to create a sustainable and value-driven ecosystem.

WOO X's initiatives aim to establish a sustainable model that brings additional value to the WOO token holder community.

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