🔥Buy Back + Burn

The WOW token ecosystem incorporates a strategic buyback and burn mechanism designed to enhance token value and ensure a sustainable economic model.

Purpose and Functionality

The primary objective of the buyback and burn mechanism is to reduce the overall supply of WOW tokens in circulation. This is achieved by the protocol 10% of its profits to purchase WOW from the open market. Once these tokens are bought back, they are permanently removed from circulation, or "burned."

Impact on Token Value

By decreasing the supply of tokens, the buyback and burn strategy can potentially increase the value of remaining tokens. This is intended to create scarcity, making the tokens more valuable over time as the supply diminishes.