TokenWorks just released a major update!
The initial release phase of Fake World Assets has been successfully completed, and the tokens have been distributed to participating users' accounts.
Here are a few key time points at a glance👇
⏰ August 4, 21:00–24:00: Purchase function will be paused (to make room for withdrawals for depositors)
⏰ August 5, 03:00: External purchases officially open
Economic model updates worth noting:
1️⃣ Of the future protocol fees that were originally allocated to TokenWorks (50%) will be redirected into a buyback mechanism
2️⃣ Buyback token allocation: 70% to buyers / 10% to depositors / 20% directly burned
3️⃣ Additional purchase fee reduced from 5% to 2.5%
4️⃣ Depositor bid ratio increased from 85% to 90%
A triple combination of the burn mechanism + buyback dividends + fee reductions—looks like it’s continuously optimizing incentives for token holders. For friends who are planning to participate in the external purchase, remember to calculate the Beijing time node at 3:00 AM on August 5.
On-chain financialization creative experiments—getting more and more solid as you play 🔥
#TokenWorks #空投 #On-chain Finance
The initial release phase of Fake World Assets has been successfully completed, and the tokens have been distributed to participating users' accounts.
Here are a few key time points at a glance👇
⏰ August 4, 21:00–24:00: Purchase function will be paused (to make room for withdrawals for depositors)
⏰ August 5, 03:00: External purchases officially open
Economic model updates worth noting:
1️⃣ Of the future protocol fees that were originally allocated to TokenWorks (50%) will be redirected into a buyback mechanism
2️⃣ Buyback token allocation: 70% to buyers / 10% to depositors / 20% directly burned
3️⃣ Additional purchase fee reduced from 5% to 2.5%
4️⃣ Depositor bid ratio increased from 85% to 90%
A triple combination of the burn mechanism + buyback dividends + fee reductions—looks like it’s continuously optimizing incentives for token holders. For friends who are planning to participate in the external purchase, remember to calculate the Beijing time node at 3:00 AM on August 5.
On-chain financialization creative experiments—getting more and more solid as you play 🔥
#TokenWorks #空投 #On-chain Finance