Price Data, Market Cap & News for WOO Network ($WOO) Cryptocurrency

Price Market cap 24h Volume
Total supply Circulating Supply Fully Diluted Valuation
ATH % ATH ATH date
ATL % ATL ATL date

An Overview of WOO Network

Receive a weekly digest about WOO Network in your inbox

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Overview of WOO Network

A Brief Introduction to WOO Network

WOO Network is a revolutionary platform in the cryptocurrency world. It is a deep liquidity network that connects traders, exchanges, institutions, and DeFi platforms. The goal of WOO Network is to democratize access to top-tier liquidity and trading execution at a lower or even zero cost. The platform uses its native token, WOO, in its CeFi and DeFi products for staking and fee discounts.

The Creators and Major Contributors of WOO Network

The WOO Network was launched on October 30, 2020. While the specific individuals behind its creation have not been publicly disclosed, it is clear that a team of experienced and dedicated professionals are continually working to improve and expand the platform. These contributors are committed to the platform's mission of democratizing access to liquidity and trading execution.

Token Supply

At the genesis of WOO Network, 3 billion WOO tokens were created. The distribution of these tokens is carefully planned: 10% were sold in private and public sales, 20% are allocated to the team, and 5% are for advisors. The remaining 50% of tokens are earmarked to support the WOO ecosystem, with 25% allocated for ecosystem rewards, 10% for an insurance fund, 10% for ecosystem partners, and 5% for WOO Ventures. Additionally, 300 million WOO tokens are allocated for the WOO DAO treasury, now stored in an on-chain multi-sig wallet.

Purchase Locations

WOO tokens are available for trading on a growing number of exchanges. Some of the most popular platforms where you can buy WOO include Binance, Kraken, Bithumb, Huobi Global, OKX, Kucoin, MEXC, and It's also available on WOO X, the platform's own zero-fee trading platform.

Common Uses

WOO tokens are primarily used within the WOO Network's CeFi and DeFi products for staking and fee discounts. Users can also stake their WOO tokens on WOOFi, a decentralized exchange deployed across select DeFi protocols and applications. This provides users with enhanced on-chain liquidity and execution. The WOO token is also used to incentivize network usage and reward partners for supporting activities.

Latest News and Developments

WOO Network is continually evolving and improving. Recently, the platform has launched WOO X, a zero-fee trading platform that provides professional and institutional traders with top-tier liquidity and execution. This platform features fully customizable modules for workspace customization. WOO Network has also expanded its DeFi offerings with WOOFi, which currently offers swaps, WOO staking, and yield-generating pools on BNB Chain and Avalanche. These developments highlight WOO Network's commitment to providing users with the best possible trading experience.

Partnerships and Collaborations

WOO Network has been making strategic partnerships to expand its reach and improve its services. It recently partnered with Ref Finance, a prominent DeFi application on the NEAR network, to enhance its liquidity pool. Additionally, it joined forces with Kronos Trading Group (KTG), a team of experienced traders, to help its users maximize their trading performance.

Technological Advancements

WOO Network is constantly innovating to provide a better user experience. It recently introduced a Merkle tree-based proof of reserves and liabilities, which allows users to verify their account balances without revealing sensitive details. The network also launched a trading challenge on its decentralized exchange, WOOFi DEX, offering rewards to active traders.

Regulatory Compliance and Expansion

WOO Network has been included on the Polish regulators’ list of virtual asset service providers (VASPs), marking a significant step in its plan to strengthen its position within the European crypto ecosystem. It also integrated the Ukrainian Diia application to speed up verification for Ukrainian clients, indicating a potential expansion into the Ukrainian market.

Tokenomics Revamp

WOO Network is revamping its tokenomics by burning over 705 million WOO tokens, about 24% of the max supply. This move is part of the winding down of WOO Ventures, WOO DAO, and the insurance fund. The remaining ecosystem tokens will be placed into time-locked vesting contracts, indicating a significant change in the network's token distribution strategy.