WOO (WOO)

What is WOO Network (WOO)?

WOO Network (WOO) is a deep liquidity network that connects traders, exchanges, institutions, and DeFi platforms, providing democratized access to liquidity, trading execution, and yield generation strategies at lower or zero cost. It offers a range of products and services such as WOO X, a zero-fee trading platform for professional traders, WOOFi, a multi-chain dApp bridging CeFi liquidity into DeFi, and WOOFi DEX, an on-chain order book exchange with a centralized exchange experience. The WOO token is the native utility token of WOO Network.

Who created WOO Network (WOO)?

WOO Network was developed by Kronos Research, a cryptocurrency trading company led by co-founders Jack Tan and Mark Pimentel. Kronos Research specializes in market making, arbitrage, CTA, and high-frequency trading and has incubated WOO Network since 2019.

What is WOO Network (WOO) used for?

The WOO token has various utility functions within the WOO Network ecosystem. It offers fee discounts, yield opportunities, and other product-specific benefits. Staking WOO tokens unlocks benefits such as zero-fee trading, referral bonuses, and free withdrawals on WOO X. Staking WOO in WOOFi enables users to capture value from trading fees. Institutional clients staking WOO can receive increased API trading rate limits and fee reductions. Furthermore, WOO token holders gain priority access to new projects on the launchpad. As WOO Network expands its liquidity, exchange, and DeFi services, the utility of the WOO token is expected to grow, offering access to social trading features and institutional-grade earn products. Additionally, the WOO token can be bridged across various blockchains through official bridges for cross-chain compatibility.