TokenWorks Opens FWA External Purchases, 50% of Future Fees for Buybacks

TokenWorks has announced that external purchases of Fake World Assets will officially open on August 4 at 3 PM Eastern Time. Previously, Fake World Assets were only distributed to participants to prevent external funding from impacting the early development of the protocol. In the future, 50% of the fees that would have gone to TokenWorks will be redirected to a buyback mechanism. Under the new mechanism, the tokens acquired through buybacks will be distributed proportionally: 70% to buyers, 10% to depositors, and 20% for destruction. Additionally, the platform will reduce the purchase fee from 5% to 2.5%, and increase the depositor bidding ratio from 85% to 90%. TokenWorks stated that the relevant parameters will be continuously adjusted based on the operational status of the protocol to promote its long-term sustainable development.

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