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.
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