TokenWorks: Fake World Assets will open for external purchase on August 5

The on-chain financial innovation experimental project TokenWorks tweeted that the initial release phase of Fake World Assets has ended, and the tokens have been distributed to participants. External purchases will open at 3:00 AM Beijing time on August 5.

In addition, 50% of the future protocol fees originally belonging to TokenWorks will be redirected to a buyback mechanism. 70% of the tokens obtained from the buyback will be allocated to buyers, 10% to depositors, and 20% for burning. The additional purchase fee has been reduced from 5% to 2.5%, and the depositor bidding has increased from 85% to 90%. The purchase function will be suspended from 9:00 PM to 12:00 AM on August 4 to allow depositors to withdraw.