Tokenomics
$WOFE Token
Last updated
$WOFE Token
Last updated
WOFE Coin ($WOFE) was introduced as a key component of the WOFE ecosystem.
Foregoing an ICO, WOFE opted to distribute the full supply of WOFE through complimentary airdrops, a strategy commonly used in the cryptocurrency realm to drive growth, build community, and reward early supporters.
$WOFE launches on Runes (Bitcoin ecosystem).
All $WOFE tokens were allotted exclusively to users of WOFE Platform, with no pre-sale or OTC transactions involved.
WOFE prides itself on delivering a rewarding experience to its community. Introducing the $WOFE token was seen as a natural step to further enhance user rewards within the WOFE ecosystem.
6,000,000,000 $WOFE (60% of the supply) will be distributed via several airdrops to users Wofe accounts and giveaways.
3,900,000,000 $WOFE (39% of the supply) will be allocated to Wofe NFT stakers in line with the rarity.
100,000,000 $WOFE (1% of the supply) will be added to liquidity.
First balance deposit.
Discord activity campaign.
The $WOFE Token distribution plan has been carefully revised to align more closely with the strategic goals of the WOFE IGaming ecosystem. The updated distribution is as follows:
A significant portion, 60%, is allocated to stakers, translating to 6,000,000,000 $WOFE Tokens. This dedication to stakers underscores the platform's commitment to rewarding those who contribute to the network's security and stability by staking their tokens.
For engaging users through gameplay and community participation, 39% of the supply, amounting to 3,900,000,000 $WOFE, is set aside. This segment is earmarked for rewarding users' betting activities and for airdrops, ensuring active participants are recognized and incentivized.
The remaining 1%, or 100,000,000 $WOFE, is dedicated to liquidity provisions. This allocation is critical for ensuring smooth and stable market conditions for WOFE, facilitating transactions, and maintaining the token's overall health within the ecosystem.
Scheduled for release in 2024, this distribution model is designed to foster a robust and engaging community around WOFE, rewarding both the commitment of long-term stakeholders and the active engagement of its user base through gameplay and community initiatives.
Wofe uses a portion of it's daily revenue from it's Crypto Futures and other games verticals to purchase and burn $WOFE. The process, known as 'Buy & Burn' is what makes $WOFE a deflationary cryptocurrency asset.
As WOFE grows, more and more $WOFE will be bought and burned. With each burn, $WOFE disappears from supply forever. This process causes $WOFE to become increasingly scarce over time, making $WOFE deflationary.
On-chain buy & burns will be automated.
1000x Crypto Futures
30%
Other games
10%
