Exchange WOO Network ERC20 (WOOERC20) at the Best Rates

WOO Network ERC20 (WOOERC20)ETH

Instantly exchange WOO Network ERC20 at the best price and with the lowest fees on StealthEX. Free from registration, fast, and limitless WOOERC20 swaps. You can see for yourself how convenient it is.

WOO Network ERC20 (WOOERC20) Price Statistics

  • price

    Price (USD)

    $ 0.3233
  • supply

    Circulating Supply

    WOOERC20 1.85633B
  • volume

    Volume (24h)

    $ 14.15774M
  • marketcap

    Market Cap

    $ 600.10174M
  • dry

    Low/High 24h

    $ 0.3194 - $ 0.3311
  • change

    Change (24h)

    $ 0.00021

WOO Network Crypto: Enabling Deeper Liquidity for the Market

Cryptocurrencies and crypto trading have gone a long way. At the moment, there are hundreds of cryptocurrency exchanges to select from, including WOO Network. Being part of this ecosystem, this network provides unique capabilities that go beyond the standard cryptocurrency exchange concept. Let’s take a closer look at WOO Network and WOO coin.

What Is WOO Network?

In short, WOO Network is a digital assets liquidity network connecting traders, exchanges, institutions, and DeFi platforms. It democratizes access to market liquidity, trade execution, and yield generating strategies by lowering or even eliminating costs.

WOO Network was incubated by Kronos Research in 2019. This multi-strategy trading firm based in Taipei specializes in high-frequency crypto trading, market making, and arbitrage. Through their years of experience in crypto, the Kronos team identified a critical shortcoming: insufficient and unaffordable liquidity across numerous centralized and decentralized crypto exchanges.

Following that, Kronos assisted in the launch of WOO Network, which today offers a range of solutions that provide consumers with improved liquidity while charging lower or even no costs. Binance Labs led WOO Network's Series A+ fundraising round in January 2022, investing $12 million.

WOO Network and Its Extensive Range of Products

WOO Network offers a centralized exchange (CEX) WOO X, DeFi-related offerings under the umbrella brand WOOFi, and Wootrade, a liquidity pool for institutional clients. 

WOO X is the network's flagship CeFi product. It was the first cryptocurrency exchange to implement Payment for Order Flow (PFOF). This compensation scheme rewards brokers for moving orders to different market participants for trade execution, when it started in August 2021. Along with greater transparency in trade execution, the PFOF model seeks to provide a more competitive price structure for retail traders. 

The WOO X exchange obtains its deep liquidity by pooling market depth from larger exchanges and establishing an open liquidity pool with numerous market makers, including Kronos Research.

Wootrade is the network's dark pool trading platform, which allows institutional clients to place trades without revealing their strategy to the public right away. Wootrade also seeks to give exchanges, wallets, OTC desks, and major traders with above-average liquidity and tighter spreads.

WOO Network also features WOOFi Swap, a decentralized exchange (DEX) that processes transactions using a synthetic Proactive Market Maker (PMM) algorithm paradigm. This enables WOOFi Swap to avoid intermediate control while working in a manner comparable to the order book paradigm used by the majority of centralized exchanges. WOO Network claims that its model was created to better imitate the pricing, spread, and depth of an order book on CEXes while allowing WOOFi Swap users to pay cheaper swap costs.

WOOFi pools, which serve as assets from which WOOFi Swap traders transact, are now implemented on Binance Smart Chain (BSC) and Polygon, with more blockchains expected to follow. Just recently, WOOFi received an airdrop from Arbitrum DAO.

WOO Network Crypto: Unique Features

WOO X allows users to customize their trading view with widgets, charts, and other personalizable elements. For more experienced traders, this gives them access to the information and tools they need. TradingView also provides advanced charting tools for creating indicators for technical analysis.

Fees are an essential part of any trader's choice when choosing a platform. Users who trade on WOO X manually (without using an API) can reduce their maker and taker fees by gaining Tier 2 status. Tier 2 is available to those who stake 1,800 WOO on WOO X, and the CEX occasionally applies additional benefits to Tier 2 users.

WOO Network sources its liquidity from traders using the platform and professional liquidity providers, exchanges, market makers, and institutions. WOO X's most significant provider is Kronos Research, a trading firm that engages in market making. By providing a deep liquidity base through Kronos Research, WOO X can attract even more liquidity to the network.

WOO Coin: Usage and Tokenomics

The native token of the network is WOO coin (WOO). Although Kronos Research incubated the WOO Network mainnet on March 1, 2019, the network's token was launched in October 2020. The price of WOO has fluctuated since its mainnet launch, however, it’s generally trended upward over time. WOO Network has a total supply of almost 3 billion WOO tokens. Currently, WOO's circulating supply is close to 1.2 billion tokens, or 40% of its total supply.

Here’s how WOO tokens are distributed:

  1. 50% Ecosystem development
  2. 25% Rewards and incentives
  3. 20% Team
  4. 5% Early backers and advisors

In addition, 300 million WOO tokens are allocated for the network's DAO and treasury.

WOO is a utility token that exists on multiple blockchains through bridges such as BNB Chain, Ethereum, Avalanche, Polygon, Solana, Arbitrum, Fantom, and NEAR. It’s embedded within prominent DEXes on various chains: Bancor, SushiSwap, Uniswap, PancakeSwap, QuickSwap, and SpookySwap.

WOO Network users receive reductions on transaction fees. WOO coins also serve as a source of liquidity on the WOO X decentralized exchange. When someone provides liquidity on WOO X, they earn WOO tokens as a reward.

As a result, WOO tokens can be staked to gain incentives. The number of WOO tokens staked and the length of the staking period determine the benefits earned. Incentives for staking WOO tokens include zero-fee trading, higher referral rebates, and WOO Ventures token airdrops.

Finally, WOO tokens can be used to purchase data or bandwidth on the WOO Network's censorship-resistant social media network. It provides free internet access to everyone, and users who create high-quality content are rewarded with the so-called ‘WOO Points’ that can be exchanged for the platform's native coin.

WOO Network: News

WOO Network’s creators keep actively developing the ecosystem. In May 2023, WOO Network completed a 72-hour hackathon among Web3 developers in collaboration with HackOnChain, the largest Polish developer community dedicated to blockchain technology.

Just recently, WOOFi has introduced cross-chain staking due to WOOFi Stake 2.0 being integrated with LayerZero’s cross-chain messaging technology. Users can stake WOO on two new supported chains including Ethereum and Optimism but the rewards will be combined and claimable on Arbitrum, simplifying the experience for multi-chain users and those just seeking yield without any guesswork.

With many new developments and additions to its vast ecosystem, WOO Network keeps being dynamic in nature and shatters traditional market boundaries with its unique blend of CeFi and DeFi offerings. The WOO Network has constantly pushed the boundaries, providing powerful liquidity solutions, user-friendly trading platforms, and beneficial yield prospects.

How to Buy WOO Network Coin?

StealthEX is here to help you buy WOO crypto. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1000 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

  1. Choose the pair and the amount you want to exchange. For instance, BTC to WOO.
  2. Press the “Start exchange” button.
  3. Provide the recipient address to transfer your crypto to.
  4. Process the transaction.
  5. Receive your crypto coins.

Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.

Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.

WOO Network ERC20 Price Chart


WOO Network ERC20 (WOOERC20)


StealthEX.io uses cookies to ensure you get the best experience. Please read our cookies policy