TokenWorks announced today that its on-chain financialization creative experimental project, Fake World Assets, has completed the initial release stage and that tokens have finished being allocated to participants.
External purchases will officially open at 3:00 on August 5, Beijing time. Interested users may enter at the scheduled time.
The protocol fee structure has also seen a major update:
• The original 50% of protocol fees attributed to TokenWorks will be redirected to a buyback mechanism
• Buyback token allocation: 70% to buyers, 10% to depositors, 20% directly burned
• Additional purchase fees reduced from 5% to 2.5%
• Depositor bidding share increased from 85% to 90%
Between 21:00 and 24:00 on August 4, the purchasing function will be paused. A dedicated withdrawal channel for depositors will be opened to help everyone exit in an orderly manner.
Judging by the direction of these adjustments, TokenWorks is clearly strengthening incentive and feedback for both buyers and depositors. The buyback-and-burn mechanism will also help build long-term deflationary support. Positive for the short term, beneficial for long-term participants.
⚠️ In the early stage of external purchase openings, price volatility is often high. Be sure to conduct a risk assessment and enter rationally.
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