WOO Network provides deep liquidity for traders, exchanges, institutional investors, and DeFi platforms interested in trading cryptocurrencies through a wide range of products and services in both the CeFi and DeFi sectors of the crypto market. The platform offers superior liquidity, trading execution, and yield generation strategies with zero to minimum trading fees.

As of January 2023, the WOO Network services 87 spot markets and 64 futures markets in the crypto sector. Its USP is how it offers zero trading fees for users who trade top crypto assets on its platform.

In addition, WOO Network also offers a variety of advanced trading tools for quick and efficient trading. Its cross-collateralization feature lets users leverage their existing holdings flexibly and conveniently.

$WOO is the native cryptocurrency and utility token of the WOO Network ecosystem. WOO token holders enjoy trading fee discounts, yield, referral bonuses, and other benefits, such as priority access to projects launching via the WOO Launchpad.

The WOO Network offers several products and services catering to crypto traders and investors, such as retail, institutional, CeFi, and DeFi. These include:

WOO X

WOO X is a zero-fee trading platform where professional and institutional traders can enjoy a superior trading experience. It features modules that can completely customize users workspaces.

WOO Network

WOO Network is a gateway for institutional investors such as cryptocurrency exchanges to access and enjoys the platforms deep liquidity, increased depth of order books, and tight bid/ask spreads.

WOOFi

This multi-chain dApp works across numerous blockchain networks and brings the deep liquidity of CeFi markets into the DeFi world. WOOFi offers an extremely low swap fee of 0.025%, so professional traders can enjoy competitive trading fees, yields, and more.

WOOFi DEX

The WOOFi DEX is an on-chain order book exchange designed just like a centralized exchange (CEX). However, unlike a CEX, it offers self-custody of crypto assets while trading, a visible order book, advanced trading tools, low trading fees, and customizable workspaces.

The WOO Network was incubated by leading quantitative trading firm Kronos Research which has expertise in arbitrage and high-frequency trading (HFT). Kronos Research's co-founders, Jack Tan and Mark Pimentel, worked with others to start the WOO Network, which was initially called Wootrade when it launched in 2019. The firm also serves as the sole market maker for WOO X trading platform.

In October 2021, WOO Network launched the Alpha version of WOOFi Swap - the DEX version of its offering. The WOO X Android app launched a couple of months later, in December, making crypto trading even more accessible to traders on the go.

WOO Network launched its futures market products in March 2022, while its yield product went live in June. The platform also launched the WOO X Lite version in the same month, a new platform with scaled-down features.

Renowned investors in the WOO Network include Binance Labs, Crypto.com Capital, Dragonfly Capital, HashKey, SNZ, and Kronos Research. Its Series A funding round raised $150 million worth of capital to develop the platform.

WOO Network is a good crypto asset to invest in, especially if you believe in the potential of cryptocurrencies as an asset class for trading. The WOO Network price could strengthen as the platform adds more features and improves its liquidity and offerings.

This could attract more users to trade on its various products, further driving up the value of WOO crypto in the market. An expansion into new blockchain networks, future integrations, and the addition of new digital assets for trading can also contribute to the higher on-chain activity, taking the WOO price higher.

The WOO Network price could also benefit from a positive market sentiment towards cryptocurrencies. This would encourage higher trading activity on its platform, supporting the WOO price statistics and making its native cryptocurrency a more valuable asset to buy and hold.

While it is impossible to accurately predict the price of WOO, there are several fundamental factors that could drive volatility and changes in the WOO crypto price. These factors include:

Level of Adoption

As more investors use WOO Network's products for trading and investing in cryptocurrencies, we may see the price of the WOO token strengthen in the market. With the announcement of more integrations, products, and services, the offerings of WOO Network could become more attractive, driving up the value of its native token, WOO.

Future Developments

As the WOO Network ecosystem expands to support more crypto assets across multiple blockchain networks, it may become even more valuable as an investment. The price of WOO crypto could experience an upward trend as its team launches more innovative features that make it a better trading platform compared to its competitors.

Market Sentiment

Being the native token of a leading crypto trading platform, the WOO price is influenced by the prevailing market sentiment. A bullish or risk-on mood among investors encourages trading activity on the platform and supports the price of WOO Network. Conversely, a bearish or risk-averse mood keeps investors away from cryptocurrencies and weakens the WOO price.

$WOO is the native token of WOO Network and has a max supply fixed at 3 billion. It has the following functions:

Incentives

WOO Network users can enjoy discounts on trading fees, including zero-fee trading on some cryptocurrencies, when they hold and stake WOO on the platform. In addition, they can also enjoy referral bonuses, free withdrawals, and more benefits on WOO X. Institutional traders who perform high-volume trading can stake WOO to enjoy higher API trading rate limits and reduced fees on the platform.

Earn Passive Income

DeFi investors can stake WOO tokens on WOOFi to earn rewards. The rewards generated come from a percentage of trading fees earned by WOO Network. They can also stake WOO tokens on WOO X for yields and to earn rewards earned by the platform.

Priority Access on Launchpad

Staking $WOO on WOO X also gets you priority access to new projects releasing on the WOO Network Launchpad.

Crypto Asset to Trade and HODL

Trade WOO Network cryptocurrency against other digital assets to profit from changing market conditions and volatility. You can buy or sell WOO against other cryptos or hold it long-term if you believe in the future potential of WOO Network.

Lend Liquidity

You can earn passive income from your WOO holdings conveniently on BYDFi. Head to our Crypto Lending section to lend liquidity in WOO to BYDFi. Earn attractive daily interest over seven days, 14 days, or 28 days and grow your WOO holdings safely.

WOO Networks decentralized exchange, WOOFi DEX, operates on BNB Chain, Avalanche, Fantom, Polygon, Arbitrum, and Optimism networks as of January 2023. In addition, a Beta version of WOOFi DEX - an order book-styled decentralized exchange built on top of Orderly Networks trading infrastructure is live on the NEAR Protocol.