WOO Network Price

WOO Network is a crypto exchange that provides traders with a range of products aimed at improving the trading process. Its current services cover both CeFi and DeFi trading needs, including a 

WOO Token is the platform’s native token. It is a utility token that can be used across all of WOO Network’s CeFi and DeFi services.

What are Woo Network’s key features and how does it work?

WOO X is the network’s CeFi trading platform that offers spot and margin trading. The platform provides deep-liquidity and customizable workspaces for personalized trading. Traders can also reach a zero-trading fee status. This is achieved by manual non-API traders reaching Tier 2 by staking 1,800 WOO tokens on the WOO X platform.

The platform also offers deep liquidity that allows large orders to be executed with minimal slippage, without the need for OTC trading. Liquidity is sourced from WOO Network’s own internal liquidity pool. Further, WOO leverages Kronos Research’s liquidity from its daily trading volume.

Fully-customizable and personalized dashboards on the platform allow traders to organize and manage trading to suit their needs.

WOO DAO is also part of the WOO Network. Formed in December 2021, its mission is to support ecosystem growth and maximize long-term WOO token value. Users who have 1800 WOO on any of the Ethereum, Polygon, BSC blockchains, or staked on WOOFi or WOO X are eligible to take part in the voting process, which is based on Discord.

In addition to WOO Network’s flagship product, WOO X, the platform also provides DeFi services. As such, WOOFi is an open-source, on-chain DeFi protocol who’s features include a swap and staking platform.

WOO’s swap is the main product of WOOFi. It provides low swap fees, and its sPMM liquidity pool means that other DeFi applications can make use of its interface, including aggregators that can be plugged in for cheaper liquidity. sPMM (Synthetic Proactive Market Making) is WOO’s on-chain market-making algorithm. 

By Staking WOO, users can take the WOOFi swap fee and directly increase their yield on WOO token. By staking WOO, users will receive xWOO in return, which can be used to redeem the original staked WOO.

What can WOO be used for?

WOO Token is embedded within the ecosystem and can be used for staking, receiving discounts, yield, as well as for WOO governance. 50% of the revenue from the platform's services goes towards WOO Network’s buyback and burn mechanism. Tokens are bought from the secondary market and permanently removed from the total circulating supply.

Staking WOO entitles those who partake to trading fee discounts and increased referral rebates. WOO X users can receive increased API trading rate limits.

Early-stage WOO Ventures project investments are currently distributed to WOO X stakers of WOO.

Finally, for those borrowing and lending on exchanges such as Sushi Kashi and Rari Capital, WOO can be used as collateral.

Where can you buy WOO?

WOO is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are

The price of WOO will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for WOO market prices, please view the price charts on this page.