WOO

WOO Network price

WOO
|
3.0/5
TokenInsight
3.0
11/19/2022
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USD
USD
$0.26020
-3.99%
1h
24h
1W
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WOO Network price live data

The current price of WOO Network is $0.26020. Since 00:00 UTC, WOO Network has decreased by -3.99%. It currently has a circulating supply of 883,686,945 WOO and a maximum supply of 0 WOO, giving it a fully diluted market cap of $230.02M. At present, WOO Network holds the 148 position in market cap rankings. The WOO Network/USD price is updated in real-time.

WOO Network price performance in USD

Time periodChange amount%Chg
Today-$0.01080 -3.99%
7 days-$0.07300 -21.91%
30 days$0.0014000 +0.54%
3 months-$0.24580 -48.58%

WOO Network market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.25880
Last price $0.26020
24h high$0.27410
Heat index ranking
229
Market cap ranking
148
Market cap
$230.02M
Favorited rate
Percentage of users who favorited this asset to all users
0.93%
All-time high
$1.2965
-79.94% (-$1.0363)
Jan 5, 2022 (2 years ago)
All-time low
$0.10100
+157.62% ($0.15920)
Jun 13, 2022 (2 years ago)
ICO date
10/30/2020
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
883,686,945 WOO

About WOO Network (WOO)

WOO Network is a deep liquidity network that enables retail, institutional, and professional traders to execute large orders with the least slippage and near-zero fees. WOO is the name and ticker symbol of WOO Network's native utility and governance token.

WOO Network's ecosystem comprises Wootrade, WOOFi, WOO X, and WOO Ventures. Wootrade is a base-layer liquidity solution that provides deep liquidity to institutional clients, such as exchanges, via WOO Network's API. With Wootrade, exchanges can match their order book depth with top exchanges without paying high commissions. Wootrade also offers full cross-margin, competitive interest rates, and auto margin rebalancing.

WOOFi is a suite of open-source DeFi products deployed across multiple blockchains that has been audited by Certik and Verilog. A multi-chain decentralized exchange (DEX) with high-quality trade execution, a DeFi yield optimizer with set-and-forget vaults, and a WOO staking pool are among them. WOOFi employs a novel market-making algorithm, Synthetic Proactive Marketing Marking (sPMM), to facilitate crypto swaps at lower fees than traditional DEXs.

WOO X is a zero-fee cryptocurrency trading platform for professional and regular traders supported in more than 100 countries and is regulatory compliant. Finally, WOO Ventures, the investing division of WOO Network, gives WOO token owners 50 percent of all investment returns.

WOO Network has several use cases across its products. For example, WOO tokens can be used to vote on WOO Network governance proposals, earn staking yields, and receive a portion of swap fees on WOOFi.

Staking WOO tokens on WOO X entitles stakers to a share of tokens from WOO Ventures investments. Moreover, WOO tokens also provide yield farming opportunities on prominent DEXs such as Bancor, SushiSwap, Uniswap, PancakeSwap, QuickSwap, and SpookySwap.

WOO price and tokenomics

WOO has a hard-capped supply of 3 billion tokens. WOO network sold 10 percent of the tokens in their private and public sales. 10 percent was allocated to supporters, 20 percent to the Wootrade team, and 5 percent to advisors. These allocations have a linear vesting schedule of up to 3.5 years, which impacts WOO's price charts.

50 percent of the WOO supply was reserved to support the WOO project in activities like distributing ecosystem rewards (25 percent), providing insurance (10 percent), rewarding partners (10 percent), and supporting early-stage projects (5 percent). The remaining 5 percent was earmarked for liquidity management.

Every month, 50 percent of Wootrade's income is used to buy back WOO tokens to remove them from circulation. As of January 2021, 10,182,812 WOO tokens have been burned. Such periodic burns make WOO tokens deflationary, resulting in a positive impact on WOO's price.

About the founders

WOO Network was incubated by Kronos Research, a leading market maker with a $5-10 billion daily trading volume across global cryptocurrency exchanges.

The leadership team includes the co-founders of Kronos Research, Mark Pimentel (ex-Citadel), and Jack Tan (ex-Deutsche Bank). Pimentel worked in Citadel Investment Group's high-frequency trading unit, where he generated $892 million for the company in 2007.

WOO Network has 96 team members from top financial and education institutes, including Citadel, Deloitte, HSBC, MIT, CMU, and Citibank, to name a few.

WOO Network has raised $52 million from investors like Fenbushi Capital, BitMart, Three Arrows Capital, AscendEX, and ViaBTC Capital, among others.

WOO FAQ

What is WOO?

WOO Network is a cryptocurrency liquidity provider that offers deep liquidity at lower to zero costs and the least slippage. WOO is the name and ticker symbol of WOO Network's native utility and governance token.

How does WOO work?

Through API integration, WOO Network provides deep liquidity to institutional clients, such as cryptocurrency exchanges. To provide decentralized token swaps on WOOFi, WOO Network uses Synthetic Proactive Market Making (sPMM) liquidity pool.

Is WOOFi secure?

CertiK, a leading blockchain security ranking platform, has audited all of WOOFi's products, including WOOFi Swap, Stake, and Earn. Additionally, WOOFi Swap is audited by the smart contract firm Verilog.

Is WOO Network a regulated cryptocurrency platform?

WOO Network takes regulatory compliance very seriously. According to their Q2 2022 report, WOO Network has obtained Virtual Asset Service Provider (VASP) licenses and registration in Poland, Taiwan, a few EU member states, and other regions with favorable crypto asset regulations.

Where can I buy WOO?

Easily buy WOO tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the WOO/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for WOO with zero fees and no price slippage by using OKX Convert.

How much is WOO Network worth today?
Currently, one WOO Network is worth $0.26020. For answers and insight into WOO Network's price action, you're in the right place. Explore the latest WOO Network charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as WOO Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as WOO Network have been created as well.
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