WOO Network update: WOO Live price, price chart, news and markets

Introducing the WOO Network: Revolutionizing Liquidity and Trading Execution

The WOO Network, also known as WOO, is a groundbreaking liquidity network that establishes connections among traders, exchanges, institutions, and DeFi platforms. Its main objective is to provide democratized access to exceptional liquidity and trading execution with lower or zero cost. To achieve this, the network leverages the use of WOO Tokens in its CeFi and DeFi products, allowing for staking and fee discounts.

The WOO Network has developed a wide array of products and services tailored for retail, institutional, CeFi, and DeFi users. These offerings include: * WOO X : A zero-fee trading platform specifically designed for professional and institutional traders. It offers unparalleled liquidity, top-notch execution, and fully customizable modules for workspace configuration. * WOOFi : A decentralized exchange operating on select DeFi protocols and applications. It enhances on-chain liquidity and execution, offering services such as swaps, WOO staking, and yield-generating pools on BNB Chain and Avalanche. * Additionally, the WOO Network provides liquidity as a service for institutional clients, enabling them to upgrade their orderbooks and tighten their bid/ask spread.

Exploring WOO Tokens in Circulation

The launch of WOO took place on October 30, 2020, with a total token supply of 3 billion. During the initial distribution, 10% of the tokens were sold during private and public sales. The team and advisors were allocated 20% and 5% of the tokens, respectively.

Half of the tokens, totaling 1.5 billion, are dedicated to supporting the WOO ecosystem. These are distributed as follows: * 25% for WOO ecosystem rewards, designed to incentivize network usage * 10% for the insurance fund, ensuring the safety of user assets on the network * 10% for ecosystem partners, rewarding partners for their support * 5% for WOO Ventures, investing in early-stage projects with benefits for token holders

Additionally, the WOO DAO treasury holds 300 million WOO tokens, securely stored in an on-chain multi-sig wallet.

The Visionaries Behind the Creation of the WOO Network

The WOO Network was incubated 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 daily trading volume of $5-10 billion on global cryptocurrency exchanges, Kronos Research has paved the way for the success of the WOO Network.

Where to Acquire WOO Network (WOO)

WOO can be traded on various CEXes and DEXes, including WOO X, Binance, Kraken, Bithumb, Huobi Global, OKX, Kucoin, MEXC, Gate.io, and more.

If you're new to cryptocurrency, CoinMarketCap offers a convenient guide to purchasing Bitcoin or any other token.