PANews reported on August 4th that WOOFi’s official Twitter confirmed the burn of 2,000,674 WOO tokens, matching last month’s repurchase via an automatic reinvestment mechanism to support token value and sustainability.
According to PANews, WOOFi’s official Twitter announced on August 4th that it destroyed 2,000,674 WOO tokens, equal to last month’s repurchase volume using its automatic reinvestment mechanism. The burn is aimed at boosting the long-term value of WOO and enhancing the sustainability of the token economy.