WOO Network is an extensive liquidity network that connects investors, exchanges, institutions, and DeFi platforms, offering them democratic access to liquidity and trading execution at lower or zero cost. The WOO Token is utilized in the network’s CeFi and DeFi products for staking and fee discounts.
Overview of Woo Network (WOO)
In the current landscape, various products and services have been developed to facilitate interactions between individuals, institutions, CeFi, and DeFi. Access NEWSLINKER for the latest technology news.
WOO X is a zero-fee trading platform that provides exceptional liquidity to professional and institutional investors. It offers fully customizable modules for personalized workspaces.
Wootrade acts as a gateway for institutional clients, including exchanges, to access the liquidity of WOO Network. It enhances their order books to deeper levels than the top exchanges and tightens bid/ask spreads.
WooFi Pools distribute enhanced on-chain liquidity across specific DeFi protocols and applications by combining off-chain tools such as pricing oracles, quantitative trading, and hedging strategies with on-chain liquidity pools.
Furthermore, WOO Network was established in 2019 by Kronos Research, a market-making, arbitrage, CTA, and high-frequency trading (HFT) firm with an average daily trading volume of $5-10 billion across global crypto exchanges.
WOO was launched on October 30, 2020, with an initial supply of 3 billion WOO tokens. 10% of the tokens were sold in private and public sales, 20% were allocated to the Wootrade team, and 5% were reserved for advisors. 50% of the tokens are set aside to support the WOO ecosystem for purposes such as ecosystem rewards and partner payments, an insurance fund, and WOO Ventures investments. The remaining 5% is allocated for liquidity management, with most of these tokens being locked.
Moreover, WOO X offers users the following features:
– Real-time portfolio value, cryptocurrency prices, and charts can be viewed.
– Advanced spot and margin integrated order forms are available.
– An intuitive trading interface enables fast and easy trading.
– Unified margin and risk management with a centralized collateral wallet.
– Active positions can be monitored on the go.
On the other hand, trading institutions that generate large volumes on WOO X can stake WOO tokens based on their volumes and trading requirements. This allows them to receive increased API trading rate limits and fee discounts.
How to Purchase Woo Coin?
WOO Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy WOO Coin, you need to register on Binance and then transfer fiat currency. Once the fiat currency, such as dollars, has been transferred, you can trade WOO Coin in pairs like Bitcoin (BTC), Binance Coin (BNB), BUSD, and Tether (USDT) on the WOO trading pair.
Furthermore, on Binance, users have the option to place buy orders not only at market value but also at lower prices, allowing them to buy at their desired price. To do this, simply use the Limit tab and enter the desired amount to buy and the price at which you want to make the purchase.
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Disclaimer: The information provided in this article should not be considered investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. It is recommended to conduct thorough research before making any investment decisions.
