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You are at:Home ยป What is the Woo Network Coin all about
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What is the Woo Network Coin all about

By adminJun. 24, 2024No Comments4 Mins Read
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What is the Woo Network Coin all about
What is the Woo Network Coin all about
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WOO Network is a revolutionary liquidity network that connects investors, exchanges, institutions, and DeFi platforms, providing them with democratic access to liquidity and trading execution at lower or zero cost. The network utilizes the WOO Token in its CeFi and DeFi products for staking and fee discounts.

Overview of Woo Network (WOO)

In the world of finance, various products and services have emerged to facilitate interactions between individuals, institutions, CeFi, and DeFi. One such platform is WOO Network, which offers cutting-edge technology solutions.

WOO X is a trading platform that stands out for its zero-fee structure and exceptional liquidity, catering to professional and institutional investors. It boasts fully customizable modules, allowing users to personalize their workspaces according to their preferences.

Wootrade serves as a gateway for institutional clients, such as exchanges, to access WOO Network’s liquidity. By doing so, these clients can deepen their order books and reduce bid/ask spreads, outperforming even the top exchanges.

WooFi Pools distribute on-chain liquidity across specific DeFi protocols and applications, utilizing a combination of off-chain tools like pricing oracles, quantitative trading, and hedging strategies, along with on-chain liquidity pools.

Additionally, WOO Network was established in 2019 by Kronos Research, a renowned 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 extensive expertise to the WOO Network.

WOO Token Allocation and Functionality

The WOO Token was launched on October 30, 2020, with an initial supply of 3 billion tokens. During the launch, 10% of the tokens were sold in private and public sales, while 20% were allocated to the Wootrade team. Additionally, 5% of the tokens were reserved for advisors.

To support the growth and sustainability of the WOO ecosystem, 50% of the tokens were set aside. These tokens are utilized for ecosystem rewards, partner payments, an insurance fund, and investments through WOO Ventures. The remaining 5% of tokens are primarily used for liquidity management and are held under lock.

WOO X Features and Benefits

WOO X offers its users an array of features and benefits, including:

– Real-time portfolio value, cryptocurrency prices, and charts can be viewed on the platform.
– Advanced spot and margin integrated order forms are available for users.
– The trading interface is intuitive, enabling fast and easy trading.
– A centralized collateral wallet ensures unified margin and risk management.
– Active positions can be monitored on the go.

Staking and Fee Discounts for Trading Institutions

Trading institutions that generate substantial volumes on WOO X have the opportunity to stake WOO tokens based on their trading requirements and volumes. By doing so, these institutions can receive increased API trading rate limits and fee discounts, enhancing their trading experience on the platform.

How to Purchase Woo Coin

WOO Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume. To buy WOO Coin, users must first register on Binance and then deposit fiat currency. Once the fiat currency, such as dollars, has been transferred, users can trade WOO Coin against popular pairs like Bitcoin (BTC), Binance Coin (BNB), BUSD, and Tether (USDT) on the WOO trading pair.

Moreover, Binance allows users to place buy orders at their desired price, not just at market value. This feature enables users to buy WOO Coin at lower prices, simply by using the Limit tab and specifying the desired amount and price.

Stay Updated

For the latest news and updates on WOO Network, you can follow us on Telegram, Facebook, Twitter, and Coinmarketcap.

Disclaimer:

The information provided in this article is not intended as investment advice. Investors should be aware that cryptocurrencies carry high volatility and risk and should conduct their own research before making any investment decisions.

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