What Is WOO?
WOO Network, represented by the WOO token, is a core component of an ecosystem designed to enhance liquidity and trading experiences across both centralized (CeFi) and decentralized (DeFi) finance.
Key Features:
Multi-Platform Utility:
- Stake WOO on WOOFi (DeFi platform) for yields, offering swaps and perpetual futures.
- Stake on WOO X (CeFi exchange) for reduced fees and higher API rate limits.
Tokenomics:
- Launched on October 30, 2020, with an initial 3 billion tokens.
- 2.23 billion tokens remain after burns (majority in circulation).
Founding Team:
- Led by Wall Street veterans and Carnegie Mellon alumni, focusing on liquidity optimization and advanced trading tools.
WOO tokens are listed on major exchanges, ensuring accessibility for diverse trading preferences.
Security Measures for WOO
WOO Network employs industry-standard protocols:
- CeFi (WOO X): Cold storage, 2FA, and regular audits.
- DeFi (WOOFi): Smart contracts audited by third-party firms; non-custodial swaps.
Use Cases for WOO
- Staking Rewards: Earn yields across platforms.
- Fee Discounts: Reduced trading fees on WOO X.
- Governance: Future DAO voting rights (proposed).
Key Events in WOO History
- 2020: Token launch.
- 2021: WOOFi beta release.
- 2022: Major exchange listings (e.g., Binance, OKX).
- 2023: Cross-chain expansion (Ethereum, Arbitrum).
Founders of WOO
- Jack Tan: Ex-Wall Street trader; CMU alum.
- Mark Pimentel: Former quant developer; fintech specialist.
FAQs
1. How to buy WOO tokens?
Purchase on 👉 OKX or Binance via BTC/ETH pairs.
2. What’s the staking APY for WOO?
~5–15% APY, depending on platform and lock-up period.
3. Is WOO deflationary?
Yes—periodic burns reduce total supply.
4. Can WOO be used for governance?
Currently for staking/fees; DAO proposals underway.