WOO Network

Last Updated 05/03/2022

What is WOO Network (WOO)?

The WOO Network (WOO) project is one of the newer participants of the DeFi (Decentralised Finance) space, providing deep liquidity and uniting exchanges, DeFi platforms, traders, and organisations to achieve the utmost liquidity and trading services at competitive or 0 cost rates. Proud to bridge the features of both Centralised Finance (CeFi) with DeFi, WOO Network’s embodies a suite of applications and products including Wootrade, WOO X and WOOFI, that all offer services and rewards for holding and utilising their native $WOO ERC-20 token.

WOO X – A deep liquid and zero-fee trading platform focusing on acceleration, execution and transparency, providing both professional and retail users access to the institutional liquidity network.

Wootrade – Enabling institutional B2B clients entry into the WOO Network, the Wootrade platform has the capacity to integrate with exchanges, wallets, dApps, and other trading-related products to elevate the depth of their own order books to achieve above-average liquidity, as well as tighter spreads than other top exchanges.

WOOFI Swap - a decentralised exchange platform running and built on the Binance Smart Chain (BSC) for its scalability, speed, growing presence of assets, users, and trading volume. Offering a multi-chain solution via its Synthetic Proactive Market Making (sPMM) aggregator, stakeholders gain access to equal trade execution across many networks while eliminating any slippage that may result from imbalanced liquidity concentrations on centralised exchanges.

A unique feature of the network is that is connects centralised institutions with democratised access to trading execution via their Payment for Order Flow (PFOF) – an innovative payment algorithm that achieves fraud-free transactions and trade execution. The mechanism is developed to compensate a brokerage for re-routing orders to different parties to complete and execute the trade, resulting in the broker receiving a small payment from the trading profits for directing the order to a specific market maker.

Offering a package of multiple features to serve all kinds of crypto stakeholders and WOO Network participants, the protocol enables, zero trading fees, increased API trading rate limit for institutional investors, DEX yield farming and liquidity reward program, staking and lastly the option to use WOO tokens as collateral for borrowing and lending on other DEX platforms.

Roadmap

2019 – Wootrade formally founded and the alternative trading system (ATS) is launched

Q1-Q2 2020 – Wootrade becomes DeFi contributor and established partnerships with Injective Protocol, MOV and several DEX platforms

Q3 2020 - Flows were added from Kronos Research, which helped to push the daily volume over $5 million for the first time. Wootrade introduced its first trading institution with the incorporation of Oneboat capital. MXC and Gate.io became the fourth and fifth exchange to participate with Wootrade

Q4 2020 – The $WOO token is listed and available on partner exchanges, including several DEX platforms

October 2021 – Alpha Lunch of WooFi Swap

December 2021 – WOO X Launches on Android

March 2022 – Futures Launch

June 2022 – Yield Product feature launches

June 2022 – WOO X Lite Launches

Team

The WOO Network (WOO) was founded by Kronos Research in 2019, a market making trading organisation that facilitate high frequency trading (HFT), as well as arbitrage. The multi-strategy trading firm acts as the WOO X market maker with a mission “to push forward radical innovations in financial and trading technology.”

Jack Tan is part of the Leadership Team at WOO and is one of its Co-Founders. Tan has a long-established history of over three decades as a successful trader and has specialised in digital assets in recent years, co-founding Kronos Research.

Mark Pimental is the WOO network’s other Co-Founder, with expertise in quantitative trading and centralised and decentralised exchanges. He too Co-Founded Kronos Research alongside Tan and acts as the company’s Co-CEO.

Where to Store WOO Network (WOO)

WOO Network (WOO) tokens are built on the Ethereum network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your $WOO secure and offline can therefore include the leading hardware wallet providers Ledger and Trezor. All ERC-20 tokens including WOO Network (WOO) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.

An alternative wallet provider for $WOO token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.

Where to Buy and Sell WOO Network (WOO)

You can Buy & Sell WOO Network (WOO) by heading over to the Buy Coins page of our website. WOO Network (WOO) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying WOO Network (WOO) has never been easier, simply place your order and provide your wallet address. Once your payment arrives WOO Network (WOO) will be sent directly to your wallet.

If you choose to Sell WOO Network (WOO) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the Sell Coins page.

WOO Network (WOO) Resources

Website: https://woo.org/

WOO X: https://x.woo.org/en/trade

WOOFI: https://fi.woo.org/

Block Explorer: https://etherscan.io/token/0x4691937a7508860f876c9c0a2a617e7d9e945d4b

Twitter: https://twitter.com/WOOnetwork

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.