WOO Network

What is the WOO Network?

The WOO token or WOO is a utility token built into the WOO network. The latter represents deep liquidity network providing unique products and services in the CeFi and DeFi spaces.

WOO supports the WOO network as follows:

• Paying commissions using WOO results in lower payments;
• Holders can bid your WOO tokens to receive exclusive benefits such as lower or zero trading fees, daily withdrawals, discounts on taker orders and more;
• WOO is paid as an incentive to miners;
• WOO can be represented as pledge on certain lending platforms;
• Control Rights are granted to all WOO token holders. They can vote on proposals in the WOO DAO.

The WOO token has a built-in buyback and burn mechanism. This means that the token deflationary. Therefore, it is possible that the price of WOO will rise as the token becomes more scarce.

There are 3,000,000,000 WOO tokens. They were distributed as follows:

• 50% — WOO Ecosystem;
• 20% – Team;
• 20% – Private/public sales;
• 5% – Advisors;
• 5% – Liquidity.

Since WOO is a cryptocurrency, its price tends to fluctuate. To make an informed purchasing decision, you can take a closer look at the WOO Network price history as well as the current WOO price in the chart above.

What are the main features of the WOO network?

As discussed in the What is the WOO Network section, the WOO ecosystem includes a wide range of CeFi and DeFi products and services.

When it comes to centralized funding, WOO Network provides 2 services: VU X And Wootrade.

WOO X is a trading platform whose main advantage is zero commission. It is based on the pay-per-order-flow (PFOF) model commonly used by retail brokers, internal liquidity pools, leading market makers and quantitative strategies.

Here The PFOF model provides increased price transparency, privacy and order processing.. At the same time, the internal liquidity pool is aggregated from leading market makers, trading institutions and exchanges.

In addition, WOO X offers its users the ability to customize their dashboards according to each specific need. This is easy to do using a drag-and-drop system that offers a wide range of utilities.

Wootrade is a unique solution to the liquidity monopoly problem. It provides a Tier 1 liquidity solution for various exchanges with competitive interest rates. Exchanges can integrate it using API an integration that will also provide access to the WOO network.

Some of Wootrade’s features include automatic margin rebalancing and full cross margin.

On the other hand, WOOFi is a DeFi network solution that offers high capital efficiency. WOOFi is a DEX deployed on the WOO network. It works using Synthetic proactive market making (sPMM) an algorithm that is exclusive to the WOO network. This means that sPMM provides a DEX liquidity pool with the CEX order book. Simply put, this allows network participants to receive lower transaction fees.

WOOFi was originally built on BNB Smart chain.

Who developed the WOO network?

The WOO Network crypto project was launched in 2019. It was presented by Kronos Research, a Taiwanese trading firm.

At the head of the main team are Jack Tan And Mark Pimentel who are co-founders of Kronos Research.

The duo entered Carnegie Mellon University, where they successfully completed their studies. After university, Mark Pimentel went on to work as a quantitative researcher at Citadel and then joined Knight Capital Group as the company’s vice president. EverMarkets was the first blockchain project he worked on.

Jack Tan worked at BNP Paribas and Deutsche Bank before delving into the world of cryptocurrencies.

The WOO Network has established partnerships with major players in the crypto industry, including Binance, 1inch, Gate.io, DODO, AscendEx, Oneboat Capital, MEXC and HOO, among many others.

Keep in mind that you need to do thorough research before making any purchasing decisions. You can start by analyzing the price of the WOO network in the chart above.