WOO Network is a cryptocurrency exchange offering traders a suite of tools designed to streamline the trading experience. Its offerings span both CeFi and DeFi trading use cases, including a 

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

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

WOO X is WOO Network’s CeFi exchange for spot and margin trading. It includes deep-liquidity access as well as customizable workspaces so traders can tailor their setup. The platform also supports a zero-trading-fee status. In that model, manual, non-API traders can reach Tier 2 by staking 1,800 WOO tokens on the WOO X platform.

WOO X also provides deep liquidity designed to let large trades execute with minimal slippage, without requiring OTC trading. That liquidity comes from WOO Network’s internal liquidity pool. On top of this, WOO can incorporate liquidity sourced from Kronos Research’s daily trading volume.

The platform features dashboards that are fully customizable and personalized, helping traders organize and manage their activity based on their preferences.

WOO DAO is another component of WOO Network. Established in December 2021, its goal is to help the ecosystem grow and to maximize the long-term value of the WOO token. Holders with 1800 WOO on any of the Ethereum, Polygon, BSC networks, or who have staked on WOOFi or WOO X, can participate in the voting process, which is coordinated via Discord.

Alongside WOO X, WOO Network delivers DeFi functionality. In this context, WOOFi is an open-source, on-chain DeFi protocol that includes a swap and staking platform.

WOOFi’s swap is the primary feature of WOOFi. It is designed with low swap fees, and its sPMM liquidity pool enables other DeFi applications to integrate with its interface-such as aggregators that can be used to source cheaper liquidity. sPMM (Synthetic Proactive Market Making) refers to WOO’s on-chain market-making algorithm. 

When users stake WOO, they can earn the WOOFi swap fees while increasing their WOO token yield. Stakers receive xWOO, which can later be used to redeem the originally staked WOO.

What can WOO be used for?

WOO Token is built into the ecosystem and can be used for staking, earning discounts, generating yield, and participating in WOO governance. 50% of the revenue from the platform’s services is allocated to WOO Network’s buyback and burn process. Tokens are purchased from the secondary market and permanently removed from the total circulating supply.

Staking WOO provides participants with trading fee discounts and larger referral rebates. WOO X users can also access higher API trading rate limits.

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

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

Where can you buy WOO?

WOO can be traded on the CEXs and DEXs listed here. The most popular platforms with the highest liquidity are

The price of WOO changes based on the selected exchange and broader market conditions. For current and historical WOO pricing data, please check the price charts on this page.