WOO Network is a liquidity network that connects traders, exchanges, institutions, and DeFi platforms to provide more liquidity to customers. The WOO token is used for betting and fee savings on the network’s CeFi and DeFi products.
Information About The WOO Network Project
The WOO Network Project provides advanced liquidity assistance and free guides for institutional and professional traders. It acts as a trading platform for the WOO X platform. Together with the WOOFi platform, it acts as a decentralized on-chain exchange for cryptocurrencies within the WOO Network.
WOO Network offers institutional clients, such as exchanges, order books with higher liquidity compared to top exchanges. WOO Network’s various offerings are aimed at both institutional and retail investors.
WOO Network aims to improve cryptocurrency markets by solving a fundamental problem of cryptocurrencies: liquidity allocation. The ultimate goal of the project is to standardize liquidity in the bitcoin ecosystem. WOO Network can provide significant liquidity by internalizing order flows from market maker Kronos Research and other cryptocurrency exchanges through its API interface.
In addition, WOO Network provides a DeFi solution with two key use cases. These are
Where Can You Buy And Sell Woo Network?
Ethereum and Binance smart-chain DeFi applications Uniswap, Sushiswap, PancakeSwap, and QuickSwap, which are operated for production and liquidity, support WOO.
WOO can be used as collateral for loans and borrowings by services such as CREAM Finance, Sushi Kashi, and Rari Capital.
WOO Network Originators WOO Network was launched in 2019 with the approval and support of Kronos Research. Kronos Research is a company that operates in the cryptocurrency ecosystem and uses trading strategies such as arbitrage, high-frequency trading, and CTA.
Features Of The WOO Token
On October 30, 2020, the WOO token was launched with a limited quantity of 3 billion units. The currency has a maximum supply of 3 billion and is active on various networks, including Ethereum and BSC. The WOO token is initially active on the ERC-20-based Ethereum blockchain and serves as a vehicle for free redemption and other key platform features.
After the highest bid, the WOO token will be split as follows:
- 50% supported ecosystem – 20% private and public sales.
- Consulting services – 5% team – 20%
- 5% for liquidity management
How Is The WOO Network Initiative Different From Others?
Unlike other platforms, WOO Network’s devices operate in both DeFi and CeFi modes. With WOO X, WOO Network supports a large number of high-volume traders and order boards without charging fees. In addition to the excellent CEX structure, WOO Network also offers DeFi traders an important option. At first glance, WOOFi appears to offer a simple trading experience through its clearing platform and liquidity pools managed by BSC and Polygon Network.
