What is WOOF?
Woof (WOOF) is a community-driven token that runs on Solana blockchain, which is known for its low latency and cost-effective transactions. The goal of the platform is to create the best social and community token for the Solana blockchain and make it accessible for new traders by providing easy-to-understand services. Woof aims to become a trusted entry point for inexperienced traders in the cryptocurrency space. Building partnerships with other projects and hosting social events are key to the platform's growth, and the team is driven by the idea of being "man's best friend."
The Woof platform is dedicated to building an innovative peer-to-peer exchange and creating a low barrier-to-entry platform for new users. Additionally, WOOF token holders can stake their tokens to participate in special airdrops from participating projects on the platform's launchpad. Airdropping is a marketing technique where tokens are sent to different wallet addresses to increase awareness of a new cryptocurrency.
Woof's objectives include onboarding new users to the world of cryptocurrency, facilitating the trading of crypto on Solana, promoting artists and their talents, allowing for the free trade of NFTs, and supporting animal shelters through charity work. The platform currently has two NFT series in its ecosystem, the WOOF Gen Art Series and WOOF, a multi-dog breed avatar.
The history of Woof (WOOF) dates back to its initial launch, where 1 trillion tokens were created. The platform then withdrew half of the tokens from circulation every day. The current total supply of WOOF is 17,902,999,925, and the maximum total supply is 1,000,000,000,000 WOOF. So far, 982,097,000,006 WOOFs have been burned. The platform has achieved several milestones, such as launching its proprietary DEX WoofSwap and Drop DAO (decentralized autonomous organization) NFTs in the third and fourth quarter of 2021 respectively.
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