$WOO Token Relase Update

$WOO Token Release Timeline

We are just a day away from the $WOO token release, and we want to let everyone in the #WOONFT community know our timeline. So, let's get to it!

The $WOO token will release tomorrow at 6 PM UTC, and this is what you can expect upon launch.

$WOO Airdrops

Starting tomorrow at 6 PM UTC, you will be able to log into your account on our official marketplace, and you will see a nice new update.

Screenshot 2022-07-12 130040.png

Once you log in, you will be able to go to the airdrop page, where you can claim your airdrop, and it will be sent straight to your #HIVE account. This will be a daily airdrop, and the new page developed by Hive account@tobias-g does a great job breaking down what each asset is worth.

$WOO Liquidity Pool Rewards

Also, starting tomorrow, users will be able to provide liquidity to the following pools and will earn $WOO rewards:

WOO:SPS
WOO:PIZZA
WOO:SWAP.HIVE

We look to expand LPs in the future, but these are the three we will start with.

$WOO Staking

As of 6 PM UTC tomorrow, users will be able to stake the $WOO token. All staked tokens will be locked for 28 days broken up in 4 transactions, but STAKING REWARDS WILL NOT BE DISTRIBUTED OR EARNED YET. Hive account@tobias-g is currently working on that and staking rewards will be coming soon.

We plan on giving all users a 48-hour notice when rewards will start being paid out to give everyone enough time to stake if they choose to.

All WOO staff and $WOO private sales will be issued as STAKED tokens. This means the only people who can trade within the first week of the token release are people who buy from the market, miners, pack holders, and LP providers.

Features Coming Soon

Now that we discussed the things coming tomorrow let's also look at what is just around the corner.

NFT Mining

NFT Mining is on its way, but it's turning out to be a bit more complicated than we first expected, and NFT mining may have to be delayed. We are working hard to get this out for everyone in a working manner.

A further post will be released on this matter at a later date.

$WOO Staking Rewards

Another priority that will come slightly after token launch is $WOO staking rewards. As stated above, users will have the ability to stake, but rewards will not be earned until a later date. Look forward to an announcement of when staking rewards will be live coming soon.

HP Delegation Rewards

In the not-so-distant future, users will be rewarded by delegating HP to our official Hive account@wrestorgonline #HIVE account. The exact amount of rewards given out will be announced in the future, but this reward pool will come from our token private sale amount. This will leave us with fewer tokens to sell privately in the future but will increase rewards for our users and build our #HIVE presence.