WOO Network (WOO) aims to bridge the gap between investors, exchanges, institutions, and DeFi (decentralized finance) platforms through higher liquidity and a lower spread. The platform allows traders to interact privately with zero (even minus) transaction fees.
What is WOO Network?
The products of the WOO Network platform offer deep liquidity, helping to solve problems in the cryptocurrency market such as low liquidity, high transaction fees, and poor trading environments. There are many exchanges in the cryptocurrency market. What if you could combine the trading volume of 20 exchange markets into a single Dark Pool that can compete with Binance/Coinbase exchanges? This issue is what the WOO Network platform has accomplished.
* Dark Pools are trading pools used by large investors who want to keep transactions anonymous. Dark pools have two advantages: First, no one knows how many sales were created. The second is that no one knows the buying prices.
What does WOO Network (WOO) coin do?
WOO Network aims to connect multiple exchanges to a single platform with zero transaction fees. Users might have a better experience with the typical liquidity of the best exchange markets; big players can trade more freely. WOO tokens are used for transaction fee discounts and staking for CeFi (central finance) and DeFi products.
Users who stake WOO tokens can access the network with zero fees. Platform users also get discounts on additional financial services when using WOO tokens as collateral or to pay transaction fees. WOO tokens are getting used for liquidity mining and governance.
WOO Network (WOO) coin reviews from experts
If we take a look at the WOO Network (WOO) comments from the experts, it is clear that the project has generally absorbed positive comments. Experts think that the future of this project is very bright with deep liquidity, buybacks, and ambitious uses. According to the experts, WOO looks like an advanced option for long-term investment. While the WOO price is rising to $ 2,557 within a year, it is estimated to reach $ 9,224 in 5 years.
WOO Network (WOO) coin belongs to whom?
WOO Network (WOO) was launched by Kronos Research, in 2019. Kronos Research, a trading firm specializing in market making, arbitrage, CTA, and HFT (high-frequency trading), has reached an average daily trading volume of 5-10 million dollars on global cryptocurrency exchanges.
Jack Tan and Mark Pimentel are among the founders of the WOO Network platform. Jack Tan graduated from Carnegie Mellon University with a Bachelor of Business Administration; Mark Pimentel graduated from the same university with both Business Administration and Electrical and Computer Engineering departments.
WOO Network (WOO) coin belongs to which country?
WOO Network (WOO) project started to act by a Tai center. But it would be wrong to say that Woo Token is launched depending on any country or government.
Is it a good idea to buy WOO Network (WOO) coins?
We can say that the WOO Network (WOO) project has a bright future. WOO price is rising in the short and long term. According to experts, WOO can be a profitable option for investors who want to experience a good return. By considering the volatility in the cryptocurrency market, the best decision is the decision made by the investors.
WOO Network (WOO) coin mining
Users who stake WOO tokens on the WOO Network platform can reduce their taker fees from 0.05 percent to 0 percent. In other words, users can trade with zero fees. Trading institutions that generate large volumes on WOO X, one of the most liquid international cryptocurrency exchanges, can stake WOO tokens for raised API trade rate limits and fee reductions.
WOO Network (WOO) Coin Project
Corporate and individual customers using the WOO Network (WOO) platform can access the liquidity of the network at low or no fees:
- WOO X is one of the most liquid international cryptocurrency exchanges, allowing users to trade for zero or low fees.
- WOO X offers a platform with zero-fee trading, deep liquidity, and fully customizable workspaces to provide professional and institutional investors with a premium trading experience.
- Users who stake WOO tokens on the WOO X platform can unlock zero maker and taker fees.
- WOO X allows large transactions to act with minimal slippage.
- Wootrade is a gateway that allows institutional clients such as exchanges to access the liquidity of the WOO Network platform.
How many WOO Network (WOO) coins do exist?
WOO started its existence on the October 30, in 2020. It was consisting of 3,000,000,000 WOO tokens: 10% offered to sell in a private sale and some came to market in auction sales; 20% allocated to the Wootrade team, and 5% assigned to advisors. 50 percent of the tokens allocated to support the WOO ecosystem, including ecosystem rewards and partner payouts, insurance funds, and WOO Ventures investments. The remaining 5 percent is being under reservation for liquidity management. These tokens are mostly locked.
Why Is WOO Network (WOO) Coin falling?
WOO price can be negatively affected by the general situation of the cryptocurrency market. The WOO price dropped to $0.29 with the market crash of May. Although WOO managed to climb above $1 again in early October, it continues to trade well below $1.38, which is recorded as an all-time high.
What is the WOO Network (WOO) coin’s price?
The expectation for WOO prices is a considerable rise in both the short and long terms. Some reliable estimates believe the WOO Network’s price is rising and getting $3.05 within a year, and it is going to reach $14,546 within 5 years.
WOO Network (WOO) Coin Reviews
When we look at the comments about WOO Network (WOO), we see that there are comments that the project in question will put an end to the liquidity problem.
Investors, who are satisfied with the cooperation and partnerships made by the project, point out that the daily transaction volume of WOO Network increased to $ 2.5 billion in early October.
Behind Wootrade is a big market maker like Kronos Research. Those who know the market are aware of how important this is.
WOO Network (WOO) coin chart
- WOO Network (WOO) started its journey in 2021 with $ 0.025. WOO, which rose as high as $ 0.37 in late February, saw $ 0.40 at the beginning of March. WOO reached $0.60 towards the end of March.
- Having risen above $1 in mid-April, WOO hit an all-time high of $1.38 on May 9, 2021. WOO had a market capitalization of $505,531,737 and a trading volume of $50,246,036 at the time in question.
- WOO, which declined to $0.29 with the market collapse, crossed the $1 level again in early June and tested $1.04 at the beginning of October. WOO is currently trading in the dollar.
WOO Network (WOO) coin market cap
WOO Network’s (WOO) market cap currently stands at $442,628,537. WOO market cap records were $4,817,445 in early 2021.
WOO Network (WOO) coin transaction volume
WOO Network (WOO) trading volume is currently $2,540,528,241. WOO trading volume was $2,793,403 at the beginning of 2021.
Total supply of WOO Network (WOO) coins
The total supply of WOO Network (WOO) is 2,991,843,649 WOO. There are currently 521,438,728 WOOs in circulation. The maximum supply amount is 3,000,000,000 WOO.
WOO Network (WOO) coin’s all-time highest price
WOO Network (WOO) reached its all-time high price on May 9, 2021. On the said date, the WOO price was $ 1.38.
WOO Network (WOO) coin’s all-time lowest price
WOO Network (WOO) recorded its all-time low price on October 29, 2020. There is no data on the mentioned issue.
What Makes WOO Network (WOO) coin unique?
WOO Network offers cryptocurrency exchanges. In addition, the products of this platform provide a trading infrastructure for different participants in the cryptocurrency market. Participants can access deep liquidity with zero fees. WOO Network collaborates with other exchanges through Wootrade to deepen the liquidity of this platform.
Currently, crypto exchanges such as MEXC, Hoo, AscendEX, KuCoin, and Gate.io are tied to the liquidity of the WOO Network platform. Exchange markets that want to improve the liquidity for their order books with their efforts; offer tremendous fee savings without the need for internal market maker teams or costly market makers.
WOO Network is not trying to be a decentralized exchange. We can say that the WOO Network project, which aims to connect multiple exchange markets to a single platform with zero fees, is unique in terms of these features.