WOO Network is a revolutionary platform that connects investors, exchanges, institutions, and DeFi platforms, providing them with democratic access to liquidity and trading execution at lower or even zero cost. The network utilizes the WOO Token in its CeFi and DeFi products, offering staking and fee discounts.
Overview of Woo Network (WOO)
The financial landscape has witnessed the development of numerous products and services that facilitate interactions between individuals, institutions, CeFi, and DeFi. One such platform is WOO Network, which empowers users with seamless access to liquidity and trading opportunities. Stay up-to-date with the latest technology news through Access NEWSLINKER.
WOO X: The Zero-Fee Trading Platform
WOO X is a state-of-the-art trading platform that caters to professional and institutional investors. It stands out from its competitors by providing zero-fee trading and best-in-class liquidity. Moreover, WOO X offers fully customizable modules, allowing users to personalize their workspaces according to their preferences.
Wootrade: A Gateway to Enhanced Liquidity
Wootrade serves as a gateway for institutional clients, including exchanges, to access WOO Network’s liquidity. By leveraging WOO Network, these clients can significantly improve their order books, reaching deeper levels of liquidity compared to top exchanges. Additionally, Wootrade helps tighten bid/ask spreads, enhancing trading efficiency.
WooFi Pools: Amplifying On-Chain Liquidity
WooFi Pools play a crucial role in distributing enhanced on-chain liquidity across specific DeFi protocols and applications. This is achieved by combining off-chain tools such as pricing oracles, quantitative trading, and hedging strategies with on-chain liquidity pools. The result is a seamless and efficient liquidity ecosystem.
The Birth of WOO Network
WOO Network was established in 2019 by Kronos Research, a renowned multi-strategy trading firm specializing in market making, arbitrage, CTA, and high-frequency trading (HFT). With an impressive average daily trading volume of $5-10 billion across global crypto exchanges, Kronos Research brings unmatched expertise to the WOO Network.
The WOO Token Distribution
On October 30, 2020, WOO was officially launched with an initial supply of 3 billion WOO tokens. During the launch, 10% of the tokens were sold in private and public sales, 20% were allocated to the Wootrade team, and 5% were reserved for advisors. To support the WOO ecosystem, 50% of the tokens were set aside for purposes such as ecosystem rewards, partner payments, an insurance fund, and WOO Ventures investments. The remaining 5% is dedicated to liquidity management, with most of these tokens being locked.
Exciting Features of WOO X
WOO X offers users a wide range of features that enhance their trading experience. These include real-time portfolio value tracking, cryptocurrency price monitoring, and comprehensive charts for efficient decision-making. The platform also provides advanced spot and margin integrated order forms, ensuring seamless and secure trading. With its intuitive trading interface, WOO X enables users to execute trades quickly and effortlessly. Additionally, the platform offers unified margin and risk management, along with a centralized collateral wallet. Users can conveniently monitor their active positions on the go, ensuring they stay in control of their investments.
Staking WOO Tokens for Institutions
Institutions that generate substantial trading volumes on WOO X have the opportunity to stake WOO tokens based on their volumes and trading requirements. By doing so, these institutions can enjoy increased API trading rate limits and fee discounts, further optimizing their trading experience.
How to Purchase WOO Coin?
To purchase WOO Coin quickly and securely, users can utilize Binance, the world’s largest cryptocurrency trading platform by trading volume. To get started, simply register on Binance and transfer fiat currency, such as dollars. Once the transfer is complete, users can trade WOO Coin against popular cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), BUSD, and Tether (USDT) on the WOO trading pair. Binance also allows users to place buy orders at their desired prices, giving them more control over their investments. To do this, navigate to the Limit tab, enter the desired amount and price, and execute the buy order.
Stay Connected with WOO Network
Stay updated with the latest news and developments from WOO Network by following our official channels on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: Please note that the information provided in this article is not investment advice. Investors should exercise caution when dealing with cryptocurrencies, as they are highly volatile and carry inherent risk. It is advisable to conduct thorough research before making any investment decisions.