WOO Network: A Deep Dive into Democratized Liquidity and Trading
WOO Network, established in 2019 and incubated by Kronos Research, has evolved into a robust deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms. This article delves into the intricate ecosystem of WOO, highlighting its key features, the WOO Token, and the founders behind its inception.
WOO Network’s Diverse Offerings
At its core, WOO Network democratizes access to premium liquidity and trading execution at reduced or zero costs. The WOO Token plays a pivotal role within the network, finding utility in both CeFi and DeFi products for staking and fee discounts.
WOO X: Zero-Fee Trading Platform
WOO X stands out as a zero-fee trading platform designed for professional and institutional traders. It boasts best-in-class liquidity and execution, with fully customizable modules for personalized workspace configuration.
WOOFi: Decentralized Exchange in DeFi
WOO Network extends its influence into the decentralized finance (DeFi) space with WOOFi. This decentralized exchange operates across selected DeFi protocols and applications, offering users enhanced on-chain liquidity and execution. WOOFi currently facilitates swaps, WOO staking, and yield-generating pools on BNB Chain and Avalanche.
Liquidity as a Service
WOO Network also provides liquidity as a service for institutional clients, enabling exchanges to upgrade their order books to rival the depth of top exchanges while tightening their bid/ask spread.
WOO Token Circulation
Launched on October 30, 2020, WOO introduced 3 billion tokens at genesis. Of these, 10% were distributed in private and public sales, 20% were allocated to the team, and 5% to advisors. Half of the tokens (50%) support the WOO ecosystem, serving various purposes such as ecosystem rewards, an insurance fund, ecosystem partners, and ventures into early-stage projects.
WOO DAO Treasury
A substantial portion—300 million WOO tokens—resides in the WOO DAO treasury, secured in an on-chain multi-sig wallet.
Founders and Trading Presence
WOO Network emerged from the incubation by Kronos Research, a trading firm specializing in market making, arbitrage, CTA, and high-frequency trading, boasting a daily trading volume of $5-10 billion on global cryptocurrency exchanges.
WOO Trading Presence
WOO Token is actively traded on a growing number of both centralized exchanges (CEXes) and decentralized exchanges (DEXes). Notable platforms include WOO X, Binance, Kraken, Bithumb, Huobi Global, OKX, Kucoin, MEXC, Gate.io, and others.
In conclusion, WOO Network stands as a pivotal player in the evolving landscape of liquidity provision and trading execution, bridging the gap between traditional and decentralized finance.