• Woo Network has burned 705 million WOO tokens, accounting for over 24% of the total supply.
• The total crypto market cap is now close to the $860 billion mark.
• WOO is up by 10% in the last 24 hours, the best performer amongst the top 100 cryptocurrencies by market cap so far today.
The Woo Network is making waves in the cryptocurrency world as it announced that it had burned more than 700 million WOO tokens so far. This is a major move as it accounts for over 24% of the total supply and will bring a new era of tokenomics to the WOO token. The news has also seen WOO rally over the last few hours, becoming the best-performing cryptocurrency amongst the top 100 coins and tokens by market cap today.
The total crypto market cap is now close to the $860 billion mark, with WOO being up by 10% in the last 24 hours. This is an impressive feat, as the broader market is continuing its positive performance. The price of Woo Network stands at $0.1664 at press time, indicating that the rally could continue in the coming days.
The WOO Network announced a few hours ago that it had burned 705 million WOO tokens, which is a significant move. This will be the first step in a series of improvements that the WOO Network will roll out over the first half of 2023. These improvements will focus on addressing existing issues while making the WOO token distribution more transparent.
The WOO Network team has stated that the token burn will propel the WOO token into a position of strength in the market. They also noted that this move will help to create a healthier ecosystem, allowing the token to become more accessible and attractive to investors. With the burn, the total WOO supply has been reduced to 2.3 billion.
The WOO team is confident that this move will bring a new era for the token. They believe that it will increase the value of the token, as well as provide users with more flexibility when it comes to trading and investing. As the WOO token becomes more accessible and attractive, it could potentially become one of the leading cryptocurrencies in the market.
Overall, the WOO Network’s announcement has been met with a positive reaction from the crypto community. The token burn has seen the WOO token rally, indicating that investors are optimistic about the future of the WOO token. With the WOO Network announcing more improvements to its tokenomics, it is expected that the token will continue to perform well in the coming months.