WOO price

WOO

#175

WOO launched on October 30, 2020, with 3 billion WOO tokens created at genesis. Since then, around 25% of the supply has been burned, leaving a new max supply of 2.23 billion. Of these, around 86% have entered circulation, with ~6% vesting to team, investors, and advisors, and ~8% reserved for future team and advisors.

The remaining 300m allocation of WOO tokens is locked, until a decentralized treasury is established and the FDV hits certain thresholds. These tranches can unlock at $4b, $6b, $8b, and $10b respectively.

More information is available on the WOO token page.

WOO was founded by a group of Wall Street veterans and Carnegie Mellon University alumnus. The company now operates in a decentralized structure distributed globally with over 200 members.

Key members: * Jack Tan - Co-founder * Willy Chuang - Chief Operating Officer * Bryan Chu - Chief Product Officer * Ben Yorke - Ecosystem VP

WOO is available for trading on nearly every centralized and decentralized exchange, including WOO X, Binance, Kraken, Bithumb, OKX, Kucoin, MEXC, Gate.io, Trader Joe, Uniswap, and others.

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

WOO Network, represented by the WOO token, is an integral part of a broader ecosystem designed to enhance liquidity and trading experiences across both centralized and decentralized financial landscapes. The token serves multiple purposes, including staking for yields on WOOFi—a decentralized platform offering a variety of financial instruments like swaps and perpetual futures. Additionally, WOO can be staked on WOO X, a centralized trading platform known for its high performance and advanced trading tools, where users benefit from reduced fees and increased API rate limits.

Launched on October 30, 2020, the network initially introduced 3 billion tokens. However, a significant portion has been burned, adjusting the total supply to approximately 2.23 billion tokens, with the majority already in circulation. This adjustment reflects the network's commitment to maintaining a balanced and sustainable ecosystem.

The founding team comprises individuals with rich backgrounds in finance and technology, including Wall Street veterans and Carnegie Mellon University alumni. This blend of expertise is evident in the network's strategic direction, focusing on providing unmatched liquidity and trading conditions.

WOO Network's offerings are accessible on various trading platforms, catering to a wide range of preferences within the crypto community. Whether participants are inclined towards centralized exchanges or decentralized platforms, WOO ensures its presence across significant venues to facilitate easy access and trading.

For those considering engaging with WOO or any other cryptocurrency, it's crucial to conduct thorough research. The volatile nature of digital assets demands a well-informed approach to investment and participation.

WOO Network ensures the security of its ecosystem through a multifaceted approach, integrating both centralized and decentralized security measures to protect its users and their assets. The security framework of WOO encompasses several layers, including technological integrations, operational security practices, and compliance with regulatory standards.

Technologically, WOO Network leverages its connections with various DeFi protocols such as decentralized exchanges and liquidity providers. This integration not only enhances the platform's liquidity but also distributes risk and secures transactions across multiple blockchains. The decentralized nature of these protocols adds an additional layer of security by reducing reliance on a single point of failure.

On the centralized side, WOO Network adopts industry-standard security measures to safeguard its platform and users. These measures include two-factor authentication (2FA) to ensure that only authorized users can access their accounts, anti-phishing codes to protect against fraudulent attempts to steal login information, and strong password policies to prevent unauthorized access. Additionally, WOO Network complies with Anti-Money Laundering (AML) regulations, further enhancing the platform's security posture by preventing financial crimes.

WOO Network also emphasizes the importance of deep liquidity and zero-fee trading options. Deep liquidity minimizes the risk of market manipulation and ensures that users can execute trades efficiently without significant price slippage. Zero-fee trading options, on the other hand, encourage more users to engage with the platform, thereby increasing the overall security through a more robust and active ecosystem.

The WOO Token itself plays a central role in the ecosystem, offering users various benefits such as staking rewards, fee discounts, and access to exclusive features. This utility not only incentivizes participation in the WOO ecosystem but also contributes to the platform's security by encouraging users to hold and stake their tokens, thereby aligning their interests with the long-term success and stability of the network.

In summary, WOO Network's security is achieved through a combination of DeFi integrations, stringent operational security measures, regulatory compliance, and the strategic utility of the WOO Token. This comprehensive approach ensures a secure, competitive, and user-friendly trading experience for all participants in the WOO ecosystem.

WOO Network's WOO token serves multiple purposes within its ecosystem, catering to both centralized finance (CeFi) and decentralized finance (DeFi) platforms. It is designed to enhance the user experience across various financial activities, including trading, staking, and participating in yield-generating opportunities.

In the realm of trading, WOO tokens can be utilized to obtain discounts on trading fees, a benefit that encourages active participation and liquidity provision on platforms like WOO X, a centralized trading platform known for its deep liquidity and advanced trading features. This platform supports a wide array of spot and perpetual futures instruments, aiming to offer users competitive pricing and execution.

For those interested in the DeFi space, WOO tokens are instrumental in engaging with decentralized applications (DApps) like WOOFi. Here, users can stake their WOO to earn yields, swap tokens, engage in perpetual contracts, and contribute liquidity. WOOFi's deployment across multiple blockchain networks, including Arbitrum and Avalanche, underscores its accessibility and utility in facilitating decentralized finance activities.

Moreover, WOO tokens play a critical role in governance and decision-making processes within the network's ecosystem. By staking WOO, users can participate in governance votes, influencing the development and strategic direction of the network's products and services.

The WOO Network, since its inception, has focused on providing seamless access to premium liquidity and trading experiences. Its dual presence in both CeFi and DeFi markets through platforms like WOO X and WOOFi demonstrates the token's versatility and the network's commitment to catering to a broad audience of traders and liquidity providers.

As with any cryptocurrency investment, potential users and investors are encouraged to conduct thorough research to understand the risks and opportunities associated with WOO tokens and the broader WOO Network ecosystem.

WOO Network has experienced several significant milestones since its inception, reflecting its growth and development within the cryptocurrency ecosystem. Key events include the introduction of WOO Staking, which allows token holders to earn rewards by staking their tokens. This feature enhances the token's utility and incentivizes participation within the network.

Another notable development was the integration of WOO into a prominent Web3 Wallet, facilitating easier access and management of WOO tokens for users. This integration signifies recognition and support from established players in the cryptocurrency space, broadening the token's reach and usability.

The launch of the WOOFi campaign in collaboration with a major exchange platform highlights WOO Network's efforts to expand its presence and utility. WOOFi, as a decentralized application, offers various DeFi services such as swaps, perpetual contracts, staking, and yield-generating pools across multiple blockchain networks. This positions WOO as a versatile token within both centralized and decentralized finance sectors.

The unveiling of WOO X Mobile marks a significant step towards improving accessibility and user experience, offering a mobile platform for trading with high liquidity and competitive price execution. The platform supports a wide range of trading instruments, including spot and futures, and features like copy trading, catering to both novice and experienced traders.

WOO Network's foundation in May 2020 and subsequent token launch in August 2020 set the stage for its journey in the cryptocurrency market. The release of the PCE Price Index and various new listings and airdrop events further contribute to the token's visibility and adoption.

The network's commitment to providing superior liquidity and trading execution at lower or zero cost is evident through its products and services. With a focus on integrity, user experience, and innovation, WOO Network continues to evolve, offering competitive advantages to traders, exchanges, and institutions.

It's important for individuals to conduct thorough research and consider various factors before engaging in cryptocurrency investments.