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WOO Network (WOO)
A Liquidity Network Connecting Traders and Institutions.
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WOO Network is a liquidity network connecting traders, exchanges, institutions, and DeFi platforms through their suite of products including WOO X, Wootrade and WOOFi. The native WOO tokens are currently available on 6 chains including Ethereum, BSC, Polygon, Solana, Fantom, and HECO.
WOO is the native token of the WOO Network, with the following use cases:
Collateral: WOO tokens can be used as collateral for borrowing and lending.
Liquidity mining: WOO rewards can be earned by providing liquidity to LPs on DEXes.
Staking: Users are able to stake WOO tokens on WOO Network's various products including:
Staking on WOO X allows users to reduce trading fees, unlock zero-fee trading on WOO X, and increase referral rebates.
Staking on WOOFi users receive xWOO tokens, which represent a share of the staking pool, and earn a share of WOOFi swap fees.
Burn Mechanism: 50% of Wootrade's revenue will be used to fund the monthly buyback and burn of WOO tokens.
WOO Network consists of the following major components working in conjunction:
WOO X: A zero-fee CeFi trading platform for professional and institutional traders.
WOOTrade: A service that provides institutional clients access to WOO Network's liquidity to upgrade their order books.
As at February 8th 2022, the maximum and total token supply of WOO is 3,000,000,000 and 2,990,413,144 respectively. The circulating supply is 88,127,163 (approximately 29.60% of the maximum token supply).
Learn more about the token distribution of WOO here.