# Muttskinomics

**Tokenomics of $WOOF: A New Era on the Sonic Blockchain**

The official token of our project, $WOOF, represents a significant step forward in functionality and simplicity following our transition to the Sonic blockchain. Previously known as $MUTTSKI on the Fantom blockchain, $WOOF introduces a refined approach to tokenomics that aligns with the growing needs of our community and the enhanced capabilities of Sonic.

**Migration and Supply Adjustment**

One of the key updates during the migration was the adjustment to the total token supply. The original supply of $MUTTSKI featured 19 zeros, a playful meme-inspired decision made in the project's early stages. However, this structure posed challenges for usability and practicality. To address these issues, the total supply of $WOOF was reduced by a factor of 1,000.

Here’s what this meant in practical terms:

* Holders of $MUTTSKI received $WOOF tokens at a ratio of 1,000:1 during the migration.
* For example, if you held 100,000 $MUTTSKI, you received 100 $WOOF.
* The value of holdings remained unchanged; the migration only simplified the supply to create a cleaner and more efficient structure.

Prices were adjusted accordingly to reflect this change at the time of migration, ensuring a seamless transition for all token holders.

**No-Tax Policy**

In addition to the streamlined supply, $WOOF introduced another pivotal improvement: a no-tax policy on the Sonic blockchain. Unlike $MUTTSKI, which may have had transactional taxes, $WOOF is a completely no-tax token. This means no trading taxes, offering users a frictionless experience when interacting with the token. This policy not only enhances usability but also supports a more dynamic and active trading environment.

**Token Details**

The maximum total supply of $WOOF is set at 11,000,000,000,000,000 tokens, ensuring a robust and well-structured foundation for its utility and value. 

The contract address for $WOOF on the Sonic blockchain is **0x7F883dA3B0d77978075f7C9c03E1B9F461CA1B8d**

**Token Distribution**

The distribution of $WOOF tokens was designed to ensure balanced allocation and long-term project sustainability. The breakdown is as follows:

* **72.73% (8,000,000,000,000,000 tokens):** Liquidity
* **9.09% (1,000,000,000,000,000 tokens):** LP Incentives
* **9.09% (1,000,000,000,000,000 tokens):** Airdrops
* **4.55% (500,000,000,000,000 tokens):** Marketing
* **4.55% (500,000,000,000,000 tokens):** Sonic Labs

<figure><img src="/files/A9rON5ku6LsObdR7Hxqo" alt=""><figcaption></figcaption></figure>


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