WHAT MAKES WOO NETWORK UNIQUE IN THE CRYPTO SPACE

Introduction

Trading Cryptocurrencies can be very complicated, especially with so many centralized and decentralized exchanges to choose from. So many crypto traders end up facing problems related to low liquidity and a terrible user experience in general. Every trader wants their buy and sell orders to be filled without any hassles, and with the fees involved in other to process any sort of crypto transactions, trading ends up being very expensive.

Now this is where WOO Network comes to the rescue. WOO Network was specifically created to provide a solution to issues regarding these cases of disorganized liquidity and inflated trading fees. WOO Network is incubated by Kronos Research, a global trading firm with loads of experience as a leading market maker across several top crypto exchanges. It was during the course of their trading activities that they became familiar with these problems, and that is how the idea to create WOO Network was born in 2019.

Liquidity Explained

First of all you might want to understand what liquidity is and it’s relevance with regards to crypto trading. In simple terms, liquidity describes how quickly and easily a crypto asset can be bought or sold. In this sense, good liquidity means that an asset can be quickly and easily bought or sold without having much effect on its price. Conversely, bad or low liquidity means that an asset can’t be bought or sold quickly. Or, if it can, the transaction would have a significant effect on its price.

Some markets will only have a few thousand dollars of trading volume per day, while others will have billions. Liquidity isn’t a problem for cryptocurrencies like Bitcoin or Ethereum, but many other coins face a significant slippage in their markets.

This is especially important when it comes to trading altcoins. If you build up a position in an exchange with low liquidity, you may not be able to exit at your desired price — leaving you holding the bag. This is why it’s generally a better idea to trade assets in an exchange with higher liquidity.

How WOO Network Solves The Problem

Now you might be wondering how WOO Network is able to combat these issues. Woo Network connects market participants — notably, traders, exchanges, DeFi platforms, and institutions — to deliver best-in-class liquidity. The platform has very small spreads and almost no trading expenses. Through this platform, traders may also transact and interact discreetly.Users of Woo Network’s centralized platform WooX (Woo Exchange), can tap into this massive pool of liquidity directly via web & Mobile for their trades.

WOOFI (Woo Finance) is a decentralized exchange (DEX) employing a unique method known as Synthetic Proactive Market Making (sPMM). This is a capital-efficient strategy that determines the price of a swap using Centalize Finance (CeFi) market data and advanced hedging methods rather than the pool’s available liquidity. In other words, WOOFi can match WOO Network’s centralized order book for our on-chain DEX (through our own pricing oracles) with the lowest trading fees. Clients can also tap liquidity Indirectly via the likes of 1Inch, Dodo, Multichain and many more. Note that these clients ranges from exchanges, institutions, projects, and even the casual trader like you and I. WOO Network is here to serve us all by making deep liquidity accessible and affordable for us all.

WOO DAO & The WOO Token

In terms of control and decision making, WOO Network community members can participate in WOO DAO, and help in the determination of key decisions related to the network. WOO DAO members stand a chance of getting rewarded in WOO tokens for contributing unique/key ideas that end up being implemented. In other to be a part of this esteemed community you need to hold/stake at least 1,800 WOO in an onchain wallet on WOOX or WOOFI. Other benefits of holding WOO tokens include increased trading limits, and reduced transaction fees on WOOX. Also, 50% of WOO networks revenue is used to buy back WOO tokens from the open market and burn on a monthly basis creating buying pressure and reducing supply hence creating more value for holders. Funds generated from WOOFI via trading fees are also used to buy back tokens which are then used as incentives for WOO stakers on DEFI platforms. Furthermore, as WOO Network continues to integrate new features in the ecosystem, it creates further utility for the WOO token in the long run. So overall it pays massively to be a WOO token holder/staker.

Final Thoughts

As a result of it’s uniqueness and it’s potential to have a huge positive impact in the Crypto space in general, WOO Network happens to be recognized by a host of huge names in the crypto space, it boasts of support and partnerships from the likes of Binance, Crypto.com, Bitget, Bybit, Kucoin, MEXC, Near, Avalanche, Fanthom, Polygon, 1inch as well as several other top projects.

WOO Network is your best bet if you happen to require a CEX’s security coupled with access to unlisted tokens on DeFi platforms. Their liquidity focus is essential to traders wanting to avoid slippage at all costs. Overall, the project is one of the rare options out there combining CEX and DEX services with low to zero fees.

Also, the perfect mix of an experienced team, a dedicated community, an array of unique products, and support/partnerships with industrial giants can only mean one thing. WOO Network was developed for everyone and will continue to improve in the future, ensuring its place at the absolute top of the crypto industry for the innovative solutions they bring to the table.

Click on the following link to sign up on WOOX https://referral.woo.org/GqWXmYHuqFKcUuGX9

Or use the referall code DTVPDTV8 to split a 50/50 rebate with me.