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What Is WOO Network (WOO)?
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost. WOO Token is used in the network’s CeFi and DeFi products for staking and fee discounts.
Presently, a diverse set of products and services interfacing retail, institutions, CeFi, and DeFi, have been built: * WOO X is a zero-fee trading platform providing professional and institutional traders with the best-in-class liquidity and execution. It features fully customizable modules for workspace customization. * Wootrade is a gateway for institutional clients such as exchanges to access WOO Network’s liquidity to upgrade their order books to a depth deeper than top exchanges and tighten their bid/ask spread. * WooFi Pools are deployed across select DeFi protocols and applications to provide users with enhanced on-chain liquidity and execution. To achieve this, a combination of off-chain tools such as pricing oracles, quantitative trading, and hedging strategies are bridged with on-chain liquidity pools.
How Many WOO Tokens Are There in Circulation?WOO launched on October 30, 2020, with 3 billion WOO tokens created at genesis. 10% of the tokens were sold in private and public sales, 20% are allocated to the Wootrade team and 5% are for advisors. 50% of tokens are earmarked to support the WOO ecosystem, with the following purposes: ecosystem rewards and partners’ payments, insurance fund, and WOO Ventures investments. The remaining 5% is for liquidity management. These tokens are mostly locked.
Who Are the Founders of WOO Network?WOO Network was founded in 2019 by Kronos Research, a multi-strategy trading firm that specializes in market making, arbitrage, CTA, and high-frequency trading (HFT), averaging around $5-10 billion of daily trading volume on global cryptocurrency exchanges.
Where Can I Buy WOO Network (WOO)?WOO is available for trading on a growing number of CEXes and DEXex, including WOO X, Huobi Global, Kucoin, MEXC, Gate.io, and other.
New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.
referencePosted on 16 Sep 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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