WOO X
ValidatedExchanges
CEX
WOO$0.18321-0.22% ↓
Centralized exchange
- 464 Followers464 Followers
- 347 Likes347 Likes
About WOO X
The most transparent CEX that connects traders with extremely low fees and best-in-class liquidity. It features fully-customizable workspaces and a live self-reporting dashboard that updates every 15 mins with proof of assets and liabilities.
WOO Network is a robust liquidity network that connects traders, exchanges, institutions, and decentralized finance (DeFi) platforms. Launched to democratize access to top-tier liquidity and trading execution at minimal cost, WOO Network offers a comprehensive ecosystem. The network's flagship product, WOO X, is a centralized exchange that provides zero-fee trading, deep liquidity, and customizable trading workspaces. The platform is designed to cater to a wide range of users, from retail traders to professional institutions, offering advanced trading tools and access to spot, margin, and futures markets. WOO Network's mission is to bridge the gap between centralized and decentralized finance, providing users with superior trading conditions and liquidity solutions.
WOO X Magic Store Validation Score
See Results ››WOO X Review Score by Real Users
- 58
- 21
- 3
- 1
- 1
WOO Token Price Chart (Real Time)
Token Statistics
- Market Cap$335,219,915.00
- Volume$12,651,532.00
- Circulating Supply1,829,741,892.781
- Max Supply2,225,501,669.037
- FDMC$407,725,529
About WOO Network Token
The WOO Token is the native utility token of the WOO Network, playing a crucial role in the ecosystem. It is used primarily to access premium features on WOO X, such as zero-fee trading. By staking WOO Tokens, users can unlock various benefits, including reduced borrowing costs, enhanced trading rebates, and access to exclusive platform features. The token also serves as a governance tool, allowing holders to participate in key decisions regarding platform development and upgrades.
Within the DeFi arm of the network, WOOFi, the WOO Token is used for staking and liquidity provision. Stakers can earn rewards in the form of WOO Tokens or other assets, depending on their chosen liquidity pools. The token is also central to yield farming activities on WOOFi, incentivizing users to contribute liquidity to the platform and participate in its governance model.
A key feature of the WOO Token is its deflationary mechanism, driven by a buyback and burn process. A portion of the revenue generated by WOO Network is used to buy back WOO Tokens from the open market, which are then burned, reducing the overall supply. This mechanism is designed to increase the token's value over time, aligning the interests of token holders with the long-term success of the network.
WOO Tokens are available for trading on several major exchanges, including Binance and KuCoin. These listings provide ample liquidity and trading opportunities for WOO Token holders. The token can be traded across spot, margin, and futures markets, offering flexibility for both short-term traders and long-term investors.
WOO X Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 31.08.2023Validation Date
WOO X User Trust Reviews
WOO X FAQ
WOO X achieves zero-fee trading by integrating liquidity from various sources, including its parent company, Kronos Research. This ensures deep liquidity while maintaining low spreads, enabling users to trade without fees. The platform's revenue model is supported by other financial services, allowing it to offer this unique feature.
WOO X’s customizable interface allows users to tailor their trading environment with drag-and-drop widgets, multi-symbol workspaces, and advanced trading tools. Unlike other platforms, WOO X offers an intuitive, flexible design that caters to both novice and professional traders, enhancing the overall trading experience.
The WOO Token’s buyback and burn mechanism reduces the overall supply of tokens, creating a deflationary effect that can increase the token’s value over time. This process is funded by a portion of the platform’s revenue, aligning the interests of long-term holders with the growth of the WOO Network.
WOO X ensures the security of user assets and data through ISO/IEC 27001 certification, regular proof-of-reserves audits, and an active bug bounty program. These measures provide a secure and transparent trading environment, giving users confidence in the safety of their investments.
WOOFi extends WOO X’s liquidity solutions into the decentralized finance space, offering yield farming, staking, and cross-chain swaps. This integration allows users to benefit from deep liquidity while participating in DeFi activities, bridging the gap between centralized and decentralized finance.
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