woofwork Project Analysis-CoinW Institute

2 min readFeb 2, 2023

woofwork Project Analysis

1. Institute Short Review

This is a freelance marketplace built on Ether paid in cryptocurrency where users can post tasks and get rewards for completing them. The project is funded by clutdao and will be migrated to shib L2 in the future. The project has just been released using meme for marketing

2. Recent breakout point

Dutch auction ended and raised 700eth

3. Project introduction

This is a freelance marketplace built on ethereum and paid with cryptocurrencies (eth, shib, woof and more than 100 cryptocurrencies), where users can post tasks and get rewards for completing them.

4. Token role

$WOOF is the platform utility token for the Woof Work freelance marketplace and ecosystem. $WOOF will facilitate rewards, including the Wooferral program and Doghouse betting program.

0% fee will be charged for platform payments of $WOOF

$WOOF is an ERC-20 token for Shibarium

$WOOF liquidity lock for 999 days

$WOOF team tokens vest in 6 months

$WOOF will be transitioned to the Shibarium network (L2) via token exchange

5. Token Allocation

Total volume: 7.9 billion

1. IDO 33%

2. Liquidity pool 11%

3. $WOOF Reward Pool 11%

4、 Project cooperation 10%

5、 Market 10%

6、 Operation 10%

7、 Service 5%

6. Investment institutions

chomp、cultDAO、good dog、xFOUND

7. Future Outlook

At present, the cryptocurrency world lacks a freelance market that can build employment relationships through digital currency publishing tasks, and this kind of project is actually very promising. The project has a good prospect of injecting demand into the market by allowing ordinary people to access the project through the meme method.