What Is WOO Network (WOO): Where CeFi Meets DeFi

If you’re an investor, you might have heard of Robinhood, the free and casual trading app that has revolutionized the investing world. You might also have heard that Robinhood supports crypto. However, Robinhood crypto traders aren’t able to do much else than buy, hold or sell a handful of supported cryptocurrencies. This can be limiting if you’re looking to venture into popular altcoins or transfer your crypto holdings across wallets. For traders looking to up their game, one up-and-coming platform that supports all this and more is WOO Network and their native WOO tokens.

From high liquidity to feeless trading, WOO Network is a trading platform with a full suite of features that caters to market makers and retail traders. Backing this massive project is WOO tokens — utility tokens that allows holders to support WOO Network’s ambitious goal of zero-fee trading at the best execution prices globally. Curious about the future potential of WOO Network as a platform? Read on as this guide covers everything you need to know about WOO Network and WOO tokens.

What Is WOO Network?

WOO Network is a deep liquidity network where CeFi meets DeFi. With WOO Network, traders, institutions, exchanges and DeFi platforms are granted democratized access to the best-in-class liquidity and trading execution at low cost.

WOO Network was incubated in 2019 by Kronos Research, a trading firm that specializes in providing deep liquidity to big exchange platforms. After years of experience in this field, Kronos Research launched WOO Network with a full suite of features to service all kinds of crypto stakeholders. This includes advanced order types to help manage risk, and zero trading fees. With upcoming features like social trading and leveraged futures trading, WOO Network certainly has plenty of room to grow as a platform for both beginning and advanced traders.

What Are the Benefits of Holding WOO Tokens?

Wondering how you can support WOO Network? Buy WOO tokens and benefit from the extensive utility on WOO Network. In addition to taking advantage of WOO Network’s future growth as an all-in-one platform, investors can also benefit by holding onto WOO tokens. These rewards include:

• Zero trading fees, free withdrawals and higher referral rebates with enough staked tokens. While all traders enjoy 0% maker fees, WOO tokens can be staked so taker fees are reduced to 0%. 
• Increased API trading rate limit for institutional investors. 
• WOO token airdrops to be distributed to stakers.
• Rewards for WOO liquidity provision and yield farming across DEXs.
• WOO tokens can be used as collateral for borrowing and lending on platforms like Sushi Kashi. 
• Staking on WOOFi in the future

In case this isn’t enough, there are also plans in the works that will grant WOO token holders discounts for professional asset management services, and voting power for proposals as WOO Network becomes progressively decentralized.

WOO Token Details

The total supply of 3 billion WOO tokens will be distributed according to the general breakdown shown above. If you’re at all alarmed by this huge number and worried about inflation, rest assured that WOO token achieves a deflationary tokenomics model through the buyback-and-burn program. Each month, half of WOO Network’s revenue income will be used to buy back WOO tokens on the open market. While the buyback is performed on an ongoing basis, the token burn takes place the tenth day of each month, and is published on their Twitter feed.

To support the WOO ecosystem, 1.5 billion tokens are allocated to rewarding continued staking and holding of WOO. From backing user assets on WOO Network to distribution through periodic airdrops, you’ll find there are plenty of reasons to stick around as the user base rallies around WOO Network’s many incentives and features. More WOO token allocation details can be found in the image above.

Are WOO Tokens a Good Investment?

With growing media attention, the already robust cryptocurrency market is becoming increasingly attractive. Thus, the explosive potential of exchange utility tokens like WOO is definitely worth considering. As more users join WOO Network and take advantage of its low fees and advanced order types, liquidity will increase. This will incentivize even more institutions to join up, thereby increasing trade executions. Much as exchanges like FTX and dYdX have experienced exponential growth, thanks to their influx of traders, we believe there’s potential for WOO to enjoy a similar increase in the coming years. Add to this formula the ever-expanding list of features implemented by WOO Network and you have a token that crypto traders and investors will be bullish for in the long run.

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