WOO Network: Everything You Need to Know About Crypto Trading with Zero Fees and Deep Liquidity

Modified on Sat, 22 Feb at 9:07 AM

WOO: Everything You Need to Know

WOO is the native token of WOO Network, a platform that connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost. WOO Network is backed by Kronos Research, a leading crypto trading firm that specializes in market making, arbitrage, CTA, and high-frequency trading. WOO Network aims to become the ultimate crypto trading platform that features deep liquidity, zero-fee trading, and fully customizable trading workspaces.

How does WOO work?

WOO works by powering the network’s CeFi and DeFi products, such as WOO X, WOOFi, and WOOFi DEX. WOO holders can enjoy various benefits, such as:

Staking rewards: Users can stake WOO tokens to earn passive income from the network’s revenue share and governance rights.

Fee discounts: Users can pay lower or zero fees when trading on WOO X or WOOFi DEX by holding WOO tokens.

Liquidity mining: Users can provide liquidity to WOOFi DEX or other DeFi protocols and earn WOO tokens as rewards.

Launchpad access: Users can participate in the exclusive sale of promising new projects that are incubated by WOO Network.

Who are the team behind WOO?

WOO Network was founded by Justin Sun, the founder of TRON and BitTorrent, and a prominent figure in the crypto industry. He is also an avid collector of art and NFTs, having purchased several pieces from renowned artists such as Picasso, Warhol, Beeple, and Pak. The WOO Network team consists of experts in blockchain, art, finance, and marketing, who share a common passion for bringing art and technology together.

What are the use cases of WOO?

WOO has several use cases for both traders and liquidity providers. For traders, WOO offers a platform to access and trade various cryptocurrencies with the best liquidity and execution quality. Traders can also customize their trading workspaces according to their preferences and needs. For liquidity providers, WOO offers a service to upgrade their order books and tighten their bid/ask spreads by tapping into the network’s deep liquidity pool. Liquidity providers can also earn fees and rewards by contributing to the network’s growth and security.