What is Woo Network Coin?
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WOO Network is a deep liquidity network connecting investors, exchanges, institutions, and DeFi platforms to democratic access to liquidity and trading execution at lower or zero cost. The WOO Token is used in the network’s CeFi and DeFi products for staking and fee discounts.
What is Woo Network (WOO)?
Currently, various products and services have been developed to interface between individuals, institutions, CeFi, and DeFi:
- WOO X is a zero-fee trading platform providing best-in-class liquidity to professional and institutional investors. It includes fully customizable modules for workspace personalization.
- Wootrade serves as a gateway for institutional clients, like exchanges, to access WOO Network’s liquidity to enhance their order books to deeper levels than the top exchanges and tighten bid/ask spreads.
- WooFi Pools distribute enhanced on-chain liquidity across specific DeFi protocols and applications. This is achieved by combining a mix of off-chain tools such as pricing oracles, quantitative trading, and hedging strategies with on-chain liquidity pools.
Additionally, WOO Network was founded in 2019 by Kronos Research, a multi-strategy trading firm specializing in market making, arbitrage, CTA, and high-frequency trading (HFT), 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 for liquidity management, and these tokens are mostly locked.
Furthermore, WOO X offers users the following features:
- View real-time portfolio value, cryptocurrency prices, and charts.
- Advanced spot and margin integrated order forms.
- An intuitive trading interface for fast and easy trading.
- A unified margin and risk management with a centralized collateral wallet.
- Monitor active positions on the go.
On the other hand, trading institutions generating large volumes on WOO X can stake WOO tokens according to their volumes and trading requirements to receive increased API trading rate limits and fee discounts.
How to Buy Woo Coin?
WOO Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy WOO Coin, you first need to register on Binance and then send fiat currency. Once 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.
Additionally, on Binance, users can 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 amount you want to buy and the price you want to buy it at.
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