WOO Network - a network and a token earning on liquidity

Deflationary cryptocurrency always has an advantage right from the start. WOO tokens will be burned 50%, but this is not their only advantage. The business concept itself looks appealing. So much so that the capitalization of the project supported by Binance exchange has already reached USD 500 million. Can you still earn money on WOO? We check.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for WOO Network - a network connecting traders, exchanges, institutions and DeFi platformsthat provides them with liquidity and allows them to generate profits by reducing costs to the necessary minimum.

What is WOO Network 

Through the WOO Network, you can trade on both decentralized and centralized exchanges, or provide them with liquidity by transferring your assets for a portion of the profits from fees of other users. 

How it's working? By WOOFi (DEX) is generated so-called Synthetic model Proactive Market Creation, i.e. simply a copy of orders from a traditional exchange. This is a project prepared as part of Binance Labs. Binance Exchange she spent $ 2022 million on it in January 12. It is aimed primarily at exchanges, which thanks to it they can secure themselves above-average liquidity, undoubtedly translates into higher revenues. Everything is based on a combination of a centralized exchange (CEX) and WOOFi as well as a decentralized exchange (DEX) and a staking platform. 

How WOO Network works

How does WOO Network provide liquidity? Most notably, joins forces with Kronos Research, i.e. a company dealing with quantitative trading and hedging strategies. It also connects trading platforms in one place, and also acts as an intermediary in the operation of DeFi-based projects Ethereum, BNB Chain, Polygon i Avalanche. Their clients do not even know that when buying a cryptocurrency on the X exchange, it actually comes from a user registered on the Y exchange. And they do not need to know, because it does not make any difference to them, unless it is positive - they can buy faster and cheaper.

The platform is also used by hedging companies, which are attracted to it by the zero-fee model.

Cryptocurrency exchanges and other institutional clients, on the other hand, can narrow their spreads through such cooperation, which will make them more competitive in the market and attract more clients. Professional traders, in turn, can use the WOO X platform, which has a zero and sometimes even negative fee. The level of fees depends on the number of WOO tokens stacked.

The network crosses orders from different sources to ensure liquidity, and when this is not enough, it uses stacked resources. Everything happens automatically, of course, a smart contracts they make sure that the costs are really minimal. Traders can also use professional tools: charts, widgets, technical analysis indicators, etc.

WOO Network token

The whole idea is based on the WOO Network token. And here we have good news right away: from the very beginning it is deflationary by definition, because the target supply of 3 pieces is decreasing every month, as more tokens are burned at such intervals. In total, as much as 000% of them are to disappear. Every month, half of the platform's revenues are spent on buying back and burning WOO.

WOO token holders can trade on WOO X for free and get attractive staking offers. It allows you to enjoy airdrops and other discounts. Anyone who has min. 1800 WOO can also participate in decentralized management by making proposals or voting in WOO DAO. Of course, the token can be stacked and earned on interest, as well as deposited in liquidity pools or granted interest-bearing loans. 

WOO Network token quotes

As of April 21, 2022, WOO tokens can be purchased at 10 cryptocurrency exchanges from around the world. They are valued at $ 0,48. There are currently 1 on the market, and after the last burn, the maximum supply is 019. The maximum price of the cryptocurrency recorded only from May 383 was on November 382, 2, when each WOO token had to be paid $ 989.