What is Woo Network (WOO)?

As per the website, WOO token is a vital utility token implanted within WOO Network's CeFi and DeFi services and products with different staking, discount, yielding, and management utilities. The coin was originally a utility token on Ethereum, which exists on numerous blockchains through bridges. Nowadays, 50 percent of the income made across WOO Network's services is donated to the monthly burn and buyback by purchasing WOO tokens from the secondary market to empty them from the circulating supply. 

As per the whitepaper, Wootrade is a darkpool trading platform that aims to provide above-average liquidity, more tight spreads than the major exchanges, and zero fees. While cryptocurrency trading has multiplied over recent times, liquidity is still considered amongst disparate liquidity pools. Moreover, transaction costs stay high here, and manipulative trading techniques are seemingly omnipresent. Wootrade decodes the liquidity, price, and adverse selection problems of cryptocurrency trading for exchanges, organizations, and retail traders, via redesigned incentive means. 

Woo tokens allow more decentralized and exemplary governance, improving inclusion from all users, large and small. Anyone can make proposals and play an essential role in the ecosystem's growth. Some of the original decision-making factors open to suggestions and voting include: 

• Minimum staking quantity for a node application 

• Minimum and the maximum period for staking 

• Voting points accrual means 

WOO Network brings together several traders, institutions, exchanges, and DeFi platforms with democratized access for better liquidity and trading performance at zero or low cost. WOO Network's services offer partners dramatic progress in the trading performance. At the same time, WOO Network profits from higher network volumes by seizing order flows. 

History of Woo Network (WOO)

Jack and Mark are the co-founders of the token. Jack and Mark became a two-man team in 2018 into a worldwide quantitative trading powerhouse along with more than one hundred workers across twelve cities.