About WOO Network (WOO)

WOO Network Frequently Asked Questions (FAQ)

What is the primary function of WOO Network?


The primary function of WOO Network is to provide deep liquidity and superior execution to traders, exchanges, institutions, and DeFi platforms. It achieves this through its zero-fee trading model and liquidation engine, which aggregates liquidity from various sources to offer competitive pricing and minimal slippage.




How does the WOO Token benefit its holders?


WOO Token holders benefit from lower trading fees on the platform, participation in staking rewards, improved liquidity due to WOO's liquidity network, and a say in governance decisions that help shape the project's future.




What are the key features of WOO X as a trading platform?


The key features of WOO X include deep liquidity, which reduces slippage and ensures competitive pricing. It also offers zero-fee trading options for certain volume tiers, a customizable and user-friendly interface, and a wide range of cryptocurrency assets for spot and futures trading. Advanced order types, robust API support, and institutional-grade security measures are also integral parts of the platform. Additionally, WOO X integrates off-chain and on-chain trading while supporting staking rewards for its native token holders.




Can you explain what WOOFi is and what it offers to users?


WOOFi is a decentralized finance platform designed to offer users deep liquidity and superior trade execution. It integrates with the Wootrade Network to provide users with access to zero-fee trading, improved pricing, and reduced slippage. Users can engage in spot and futures trading, as well as earn income through yield farming and staking services, leveraging the platform's institutional-grade trading tools and features.




What kind of institutions can benefit from WOO Network's liquidity as a service?


Exchanges, trading platforms, and institutions can benefit from WOO Network's liquidity as a service, by accessing deep liquidity pools that facilitate lower slippage, improved capital efficiency, and enhanced order execution for their users.




What was the initial supply of WOO Tokens at launch and how were they distributed?


The initial supply of WOO Tokens at launch was 3 billion. The distribution was as follows: 10% for the team, 20% for strategic partners, 5% for advisors, 15% reserved for ecosystem development, 20% for staking rewards, and 30% for sales to investors through private and public rounds.




How are ecosystem rewards utilized within the WOO Network?


Ecosystem rewards within the WOO Network are utilized to incentivize participants by distributing WOO tokens. These rewards can be allocated for liquidity provision, staking, and contributing to the network's growth. They help to align the interests of traders, investors, and partners, and encourage active participation in the ecosystem's development.




What is the purpose of the WOO DAO treasury and how are its funds managed?


The purpose of the WOO DAO treasury is to support the sustainability and growth of the Wootrade network. It provides resources for project development, community initiatives, marketing, partnerships, and liquidity management. Funds in the treasury are managed by the WOO DAO, which comprises community members who propose and vote on the usage of the resources. Decisions are made in a decentralized and transparent manner, with the aim of enhancing the platform's value and usage.




Who are the founders of WOO Network and what is their background?


WOO Network was founded by Jack Tan and Mark Pimentel. Jack Tan previously worked in quantitative trading and investment with a focus on derivatives and market making. Mark Pimentel comes from a similar background specializing in algorithmic trading and high-frequency trading strategies.




Which exchanges list WOO Network for trading?


WOO Network (WOO) is listed on various cryptocurrency exchanges including Binance, Huobi Global, FTX, KuCoin, WOO X, and Gate.io, amongst others.