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