WOOFi: The proposal to "permanently burn 300 million WOO tokens" has entered the voting stage.

PANews reported on January 5th that WOOFi, the DEX protocol for the WOO ecosystem, announced on the X platform that a proposal to permanently burn 300 million locked WOO tokens (approximately 15% of the total supply) has entered the voting stage. This move will bring the circulating supply to 100% FDV, preventing further dilution. If the proposal passes, it will also terminate the "matching + burning" mechanism. The distribution of proceeds will remain unchanged: 40% will be distributed to token holders through WOO staking; 40% will be used for buybacks and burning; and 20% will be used for foundation expenses. Voting will be based on staking experience points (XP) earned through WOO staking. The voting period is 7 days, starting at 21:30 UTC on January 5th.