Woo Network (Woo Coin) Information about Woo Network’s project and future BitCoin price Prediction – Review and Chart 2022
Woo Network Price Prediction 2024
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We are with you with information about Woo Network, one of the projects that received the most investment in recent days, when the cryptocurrency market is active. You can get in-depth information about Woo Network by reading our guide content about the advantages of Woo Network and Woo Coin , detailed information about its project and where it is bought and sold.
Founder and year of establishment: Jack Tan, Mark Pimentel / 2019
Blockchain: Ethereum
Total supply: 3 billion
Circulating supply:< /strong> 903 million
Market cap: $600 million (11 February 2022)
Lowest price: Unknown
Highest price: $2.48
The purpose of the project: To provide liquidity in centralized and decentralized finance.
Usages: DeFi and CeFi< /p>
the Woo Network project?
Woo Network, in which Binance invests, is a deep liquidity network where investors meet centralized finance (CeFi) and decentralized finance (DeFi). Decentralized Finance (DeFi) is based on the concept of decentralized blockchain and applies it to the world of finance.
WOO Network provides traders, institutions, exchanges and DeFi platforms with access to best-in-class liquidity and low cost. It had launched the WOOFi Swap, which used market-making techniques, and through it started providing liquidity to Binance Smart Chain. WOO also provides liquidity to other decentralized protocols such as DYDX, Matcha, ParaSwap, 1inch, and DODO.
WOO Network was incubated in 2019 by Kronos Research, a trading firm specializing in providing liquidity to major exchange platforms. With many years of experience in this field, Kronos Research has launched the WOO Network project with a full suite of features to serve all kinds of crypto stakeholders. This includes advanced order types and zero trading fees to help manage risk. With upcoming features like social trading and leveraged futures trading, WOO Network definitely has plenty of room to grow as a platform for both beginner and advanced traders.
The advantages of Woo Network What are it?
Zero trading fees, free withdrawals and higher referral discounts with enough staked tokens.An increased API trade rate limit is available for institutional investors. WOO token airdrops are distributed to the stakers. WOO provides rewards for liquidity and the ability to farm DEXs. WOO tokens can be used as collateral for borrowing and lending on platforms like Sushi Kashi.
Woo Token?
Woo Token is the native token of Woo Network. Of the total supply of 3 billion WOO tokens, 50 percent is reserved for rewards in the ecosystem, 20 percent for the team, 20 percent for token sales, 5 percent for advisors, and the other 5 percent for liquidity management.
The total supply of Woo Token has caused investors’ inflationary concerns in terms of numbers, but it has a deflationary tokenomic model through the tokens’ buyback and burn program. Every month, half of WOO Network’s revenue is used to buy back WOO tokens in the market. While buybacks are constantly taking place, token burning occurs on the tenth day of each month.
The future of Woo Coin ?
With the growing media attention, the already robust cryptocurrency market is becoming more and more attractive.
Liquidity will increase as more users join the WOO Network and take advantage of its low fees and advanced facilities. This will encourage more institutions to participate, thereby increasing business activity. While exchanges like FTX and dYdX have grown exponentially thanks to the influx of traders, it can be said that WOO has the potential to benefit from a similar increase in the coming years. announced that it had made a strategic investment of 12 million dollars in WOO Network, a liquidity platform that connects financial (DeFi) networks. Most recently, the project raised $30 million in Series A investments in November, which includes investments from Avalanche, BitTorrent, Crypto.com Capital and Three Arrows Capital.