What Is Woof (WOOF)?

WOOF is a community-based token that operates on a Solana blockchain because of its low latency and less expensive transactions. According to the whitepaper, the platform concentrates on creating the Solana blockchain's best community and social token. Further, this platform has developed a fleet of easily understandable services so that more new traders can trade with ease. Also, the WOOF community aims to develop into a respectable entry point for fresh traders in crypto space delivering easy-to-comprehend resources. Social events and partnerships with different projects are significant to this growth and create a project which is inspired to be the "man's best friend."

Further, the Woof platform seeks to build innovative peer-to-peer exchange and to provide a low barrier-to-entry onboarding platform for new users. Also, the platform seeks to allow the staking of WOOF tokens to participate in special airdrops from participating projects in their launchpad. Airdropping is a marketing trick that involves sending tokens to different wallet addresses for the awareness of a new cryptocurrency.

The network claims that its objectives are to onboard new users to crypto, and allow users to trade crypto on Solana, promote artists and showcase their talents, allow free trade of NFTs, and assist charities that deal with animal shelters. Apart from this, the platform currently has two NFT series in the Woof ecosystem—the WOOF Gen Art Series and WOOF, a multi-dog breed avatar.

History of Woof (WOOF)

According to the whitepaper, this platform launched 1 trillion tokens initially, then withdrew half from the supply every day. Apart from this, the total supply of this token is 17,902,999,925, WOOF and the maximum total supply of 1,000,000,000,000 WOOF. The platform has burned 982,097,000,006 WOOFs till now.

Moreover, the Woof platform has achieved several milestones, such as the network having launched proprietary DEX WoofSwap, and Drop DAO (decentralized autonomous organization) NFTs in the third and fourth quarter of 2021 respectively.