What is the WOO Network project? Basic information about WOO Network that you should know

• Overview of the WOO Network project
• What is the WOO Network project?
• What are the highlights of the WOO Network project?
• Products of WOO Network
• Roadmap of the WOO Network project
• WOO Network developers, investors and partners
• WOO Network Token Overview
• What is the WOO Network token?
• What is the function of Token WOO Network?
• Where can I buy WOO Network Tokens?
• The future of the WOO Network project. Should I invest in the WOO Network Token or not?
• summary

So what is the WOO Network Project that is so interested? Please join TraderH4 to find out in this article!

Overview of the WOO Network project 

What is the WOO Network project?

WOO Network is a liquidity network connecting traders, exchanges, institutions and DeFi platforms with democratic access to liquidity strategies, trade execution and best profit generation at low cost. lower or zero. 

WOO Network was founded by Kronos Research, a multi-strategy trading firm specializing in market making, arbitrage, CTA and high frequency trading (HFT), averaging around $5 – $10 billion in volume. daily trading on global cryptocurrency exchanges.

Currently, a diverse set of products and services that communicate with retail, institutional, CeFi and DeFi, has been built:

• WOO X: Is a free trading platform that offers institutional and professional traders the best liquidity and execution. It has fully customizable modules to customize the workspace.
• WOOtrade: A portal for institutional clients like exchanges to access the liquidity of WOO Network to upgrade their order books to the top exchanges and tighten their bid/ask spreads.
• WOOFi: Is a set of DeFi products that aim to extend the liquidity network of the WOO Network to DeFi and help DeFi users get the best rates, lowest bid spreads and offer trading opportunities.  

What are the highlights of the WOO Network project?

As of 2021, WOO Network begins to provide liquidity on Binance Smart Chain (BSC) through decentralized WOOFi products. They used WOO Network's custom market feeds and advanced hedging strategies to provide centralized market depth and spreads without needing too much on-chain capital. 

WOO Network liquidity currently supports several decentralized protocols, including DYDX, Matcha, ParaSwap, 1inch, and DODO. WOO Network leverages capital-saving solutions to gain an edge over passive liquidity providers.  

WOO Network's institutional partnerships have continued to grow. Three major partnerships have been added, including major global exchange Kucoin, Nash offering the first WOO/EUR trading pair, and Fantom EVM-compatible ecosystem. More than 40 clients now trade on WOOtrade, the WOO Network's institutional liquidity service. 

In addition, WOO Network has integrated complete, unified transaction elements in a single platform, including: 

• Built-in orders for spot and margin
• Deep liquidity and order book depth
• Fully customizable workspace
• Free Transactions
• Trade futures contracts with leverage
• Community trading

Products of WOO Network

WOO X (CEFI)

WOO X is a fully-liquid front-end trading platform from WOO Network to provide professional traders with superior trade execution through deep liquidity and free trades from lower to 0. 

Zero Fee Trading: Traders not using the API can reduce their creator and receiver fees to zero once they reach level 2 with 1,800 WOO tokens staked on WOO X. 

– Deep Liquidity: One of the biggest differences on WOO X is the high liquidity on trading pairs. This deep liquidity allows large orders to be executed without severe slippage. Along with no-fee trading, the cost savings through slippage and low fees are ideal for any professional trader who regularly trades large amounts. This allows users to experience democratized liquidity that would otherwise be accessible only through over-the-counter trading.

Currently WOO X is supporting 2 main trading types, Spot Trading and Margin Trading.

WOOtrade (CEFI)

Offers highly liquid crypto exchanges, wallets and CeFi platforms with built-in order books.

• WOOtrade breaks the liquidity monopoly by democratizing access to deep liquidity. Exchanges can access WOO Network via API integration and instantly upgrade the depth of their order books and tighten their bid/ask spreads, allowing more direct competition with exchanges Top.
• WOOtrade allows partner exchanges to hedge on WOO X, without the need to protect on other exchanges with high commissions and slippage. Features such as full cross margin, competitive interest rates and automatic margin rebalancing are also offered.
• The difference between WOOtrade's liquidity as a service is easily discernible. If an order is placed on partner exchanges such as Gate.io, Ascendex, Hoo and MXC, then liquidity can be obtained from WOOtrade's liquidity pool.
• In essence, WOOtrade is providing the base class liquidity solution that exchanges desperately need. Instead of worrying about liquidity, these exchanges can now focus their resources on security, attracting customers, and developing even more innovative products and services.

WOOFi (DEFI)

WOO Network has created an on-chain product to enhance transaction execution and capital efficiency in DeFi. WOOFi – an open source DeFi protocol to benefit:

• Users: Perform better with their DeFi trade, as well as earn sustainable returns with no Impermanent loss (IL).
• DeFi Protocols: Dex aggregator, lending and lending platform, and wallet can connect to WOOFi's sPMM liquidity pool with easy interfaces to get cheap liquidity and best quotes for assets transaction and liquidation.
• Cryptocurrency projects: Highly efficient cross-chain liquidity without incentivizing excessive liquidity through massive inflationary token emissions.

Swap

WOOFi Swap is a decentralized exchange that uses a brand new on-chain market creation algorithm called Synthetic Proactive Market Making (sPMM). The sPMM algorithm is designed for professional market makers to provide on-chain liquidity in a way that better simulates price, spreads and order book depth on centralized exchanges. 

According to recent tests, WOOFi's sPMM liquidity pool can achieve over 500% capital efficiency (i.e. volume-to-liquidity ratio), which is higher than all other DEXs in the market and it gives allow the lowest swap fee (ie 0.025%) in the gap. At launch, Kronos Research will be the first market maker for WOOFi, while also relying on WOOtrade as a centralized source of liquidity.

When users enter the number of tokens they want to sell, WOOFi compares the performance with other popular DEXs on the same chain, including details such as the number of tokens to be received, transaction fees, and rates.

Stake

Users can stake their WOO tokens to profit from the fees paid by WOOFi Swap users. Users receive xWOO as LP tokens in exchange for staking WOO in the WOOFi staking contract.

While holding xWOO tokens, users can automatically accrue their profits from WOOFi swaps paid to xWOO holders. When a user makes a trade on the WOOFi swap, a fee of 0.025% is charged, from 0.02% used to reward xWOO holders and the remaining 0.005% collected to incentivize future volumes through programs such as discounts, referrals and trade exploits.

The accumulated swap fee (excluding the portion obtained for future promotions) will be used to purchase WOO on WOOFi. The newly acquired WOO is then prorated among all xWOO holders in the pool, meaning their xWOO is now worth more than WOO. Due to the way rewards are created, the price of xWOO will increase with the value of WOO, and the value of an xWOO will always be greater than the value of a WOO. 

WOO Knife

WOO Network is starting its journey towards decentralization by establishing a DAO to manage the treasury and drive growth across the DeFi ecosystem – WOO DAO will evolve in several stages throughout the journey of progressive decentralization mine. The DeFi components of WOO Network, such as WOOFi and strategic partnerships, will gradually be controlled by the WOO DAO and WOO token holders. 

The roles of the WOO DAO include:

• Funding: Communities, projects, developers, and other ecosystem participants may be eligible for funding. The purpose of the grant is to fund community initiatives or build products, tools, and services that benefit WOO DAO and the WOO community.
• Token Swaps: Strategic partners can swap tokens with treasury and balance that bring the two ecosystems closer together and promote value creation for WOO token holders.
• DeFi Partners: WOO can be allocated to other protocols as part of a partnership, e.g. to initiate integration or bootstrap liquidity.
• Budget management: Take strategic initiatives to use DeFi tools to diversify budgets or generate revenue for the DAO.
• Delegated Governance: WOO community members can delegate voting for the tokens of projects that have a strategic partnership with the WOO DAO to support an active role in governance. 

Roadmap of the WOO Network project

Detailed Project Roadmap: Updating.

WOO Network developers, investors and partners

Development team

WOO Network is the combined effort of quant traders, engineers, technologists and entrepreneurs from leading crypto and traditional financial institutions with extensive experience and expertise in development of innovative financial and trading solutions.

WOOtrade was founded by Kronos Research in 2019, a multi-strategy trading firm specializing in market making, arbitrage, CTA and high frequency trading (HFT), average trading volume 5 – $10 billion daily on global crypto exchanges.

The leadership team includes Kronos Research co-founders Jack and Mark, who transformed the team of 2 in 2018 into a global quantitative trading powerhouse with over 100 employees in 12 cities . 

Investors

WOO Network closed a $30 million Series A funding round in November that included investments from Avalanche, BitTorrent, Crypto.com Capital, and Three Arrows Capital. Binance Labs has announced a $12 million strategic investment in WOO Network. In addition, there are a number of other investment funds.

Partner

WOO Network's services provide partners with significant improvements in their transaction execution, while WOO Network benefits from higher network volumes by capturing order flows. 

Current partners of WOO Network include:

WOO Network Token Overview

What is the WOO Network token?

WOO is the native token of the WOO Network ecosystem. WOO Network token details include: 

• Symbol: WOO
• Blockchain Network: Ethereum (ERC20)
• Total supply: 3 billion WOO
• Circulating Supply: 879,348,648 USD

WOO tokens are allocated as shown below:

What is the function of Token WOO Network?

Staking

• WOO can be staked to reduce transaction fees, unlock free trades on WOO X, and increase referral discount.
• Trading institutions that generate large volumes on WOO X can stake WOO based on their volume and transaction requirements to receive an increased API transaction rate cap and reduced fees.

Yield

• A portion of tokens received from WOO Ventures early stage project investments will be distributed to WOO stakers on WOO X.
• This function provides DeFi liquidity and profit farming with WOO.
• WOO is embedded in prominent DEXs across different chains: Bancor, Sushiswap, Uniswap, PancakeSwap, QuickSwap and MDEX. 

Borrow and lend with WOO

• WOO can be used as collateral for borrowing and lending on: Sushi Kashi, Rari Capital, KINE Finance and Unit Protocol. 

Where can I buy WOO Network Tokens?

Currently, the WOO token is available on most of the major exchanges in the market.

The future of the WOO Network project. Should I invest in the WOO Network Token or not?

Since its inception, the ultimate goal of WOO Network has always been a decentralized ecosystem managed by its community members. An ecosystem with a multitude of engaged stakeholders presents many advantages over a single centralized entity, especially in the crypto space where the decentralization ethos grows stronger day by day. .

• WOO X Mobile is now available on both major smartphone platforms: Giving users access to the best liquidity and lowest fees in the space on the go. 
• WOOFi Staking has now raised nearly $39 million: Marks a major milestone for native on-chain utility and a platform to capture non-inflationary long-term value for WOO tokens. WOOFi Stake code has been fully audited and replicated industry leading standards.

summary

In a nutshell, WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms . WOO Network for democratized access to best-in-class liquidity and lower or zero-cost trade execution. The WOO token is used in the network's CeFi and DeFi products for staking and fee discounting. Along with the detailed strengths that Coiinvn analyzed above, we believe that WOO Network will have breakthroughs worth waiting for in the near future.

Please refer to the project information channels here:

Website | Twitter | Discord | Telegram |  Facebook | Medium | Docs 

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