The $WOOP token
Hold 100k $WOOP for lower fees, first go and a stake in every coin. Every holder shares in the buyback.
$WOOP is woop's own coin. Like every coin on woop, it pays its holders on every trade. On top of that, it shares in what woop earns from every other coin.
Every holder: the buyback
20% of what woop earns from fees buys $WOOP. A quarter of what's bought is shared with everyone holding $WOOP, the same way any coin pays its holders: the longer and more you hold, the bigger your share. The rest is burned, so there is less $WOOP over time.
The tier: hold 100,000 $WOOP
Hold at least 100,000 $WOOP for an hour and your wallet gets a tier pass. It lasts a day and renews on its own while you keep holding. Drop below 100,000 and it ends within a minute.
| With a tier pass | What you get |
|---|---|
| Lower fees | half the fee on Fair Block matched trades and Exit Queue fills, buying or selling |
| First go | new Exit Queue orders are open to you from the moment they're placed, with loyal holders |
| Always in | the last 4 slots of every Fair Block are kept for tier orders, and tier orders are never the ones left out |
| A stake in every coin | 25% of what woop earns from each coin buys that coin, shared between tier holders by how much $WOOP they hold |
Your stake in every coin
Each time woop is paid fees by a coin, a quarter of it buys that coin. Fees woop is paid in a coin's own tokens (pool fees after graduation) go in as they are. The coins are shared between tier holders by how much $WOOP each holds, and how long. Claim them from your portfolio, like any holder payout.
Where woop's share goes
| Of woop's share of fees | Goes to |
|---|---|
| 20% | buying $WOOP: a quarter to all holders, the rest burned |
| 25% | buying each coin for the tier |
| 55% | running woop |
Why the pass
The tier is checked with a pass instead of your balance at the moment you trade. A balance could be borrowed for a single transaction; a pass needs you to have held for an hour.