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TokenWorks™
@token_works
A playground for onchain financialized ideas. Latest project:
Joined December 2024
2 Following    33.4K Followers
Thank you all for participating in the initial launch period of Fake World Assets. We believe that preventing external buys created a healthier protocol, as only participants were able to acquire the token as it matured. Now that the token has distributed to participants over two weeks, external buys will be enabled on August 4th at 3pm EST. In addition, we'll be routing 50% of future protocol fees that previously were going to TokenWorks to the buyback mechanism as stated in the docs. The tokens from buybacks will be distributed in three ways: 70% to purchasers, 10% to depositors, and 20% burned. We believe this will help bring the protocol into a sustainable, long-term equilibrium. We'll also lower the additional fee on top of each purchase from 5% to 2.5% and increase the depositor bid from 85% to 90%. From 9am to 12pm EST on Tuesday we'll be disabling purchases to allow depositors to withdraw across time zones ahead of these changes. All of these percentages will be continued to be tweaked as necessary for the health of the protocol. Thank you for helping us make Ethereum fun again.
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