TokenWorks Opens External FWA Purchases, Redirects 50% of Fees to Buybacks

TokenWorks launches external Fake World Asset sales on Aug 4. Half of protocol fees now fund buybacks distributed to users and burns, with reduced fees.

Woofun AI reports that TokenWorks has concluded the initial distribution phase for Fake World Assets and will enable external purchases at 3:00 PM EST on August 4. Previously restricted to participants to shield early development from external capital, the asset is now open to broader markets.

The protocol will redirect 50% of fees previously allocated to TokenWorks toward a buyback mechanism. Repurchased tokens are distributed as follows: 70% to buyers, 10% to depositors, and 20% burned.

Concurrently, purchase fees drop from 5% to 2.5%, while the depositor bid ratio rises from 85% to 90%. These parameters may be adjusted based on future performance.