What is WOO Token?

Modified on Tue, 06 Feb 2024 at 12:08 PM

Get to know WOO, a network that enhances liquidity for crypto trading.

One of the factors contributing to efficient trading is liquidity. If liquidity is low, traders may not get the desired prices or may be unable to execute trades at all. This article is about WOO Network, which acts as a connector to enhance liquidity across various platforms in the crypto space.

What is WOO Token?

WOO is the main token of the WOO Network, serving as a utility token that enables holders to access products and services in both DeFi and CeFi. For example, users can stake WOO on WOO X to reduce fees or increase the rate limit for API pulls. Additionally, WOO can be used as collateral for borrowing digital assets through DeFi. Furthermore, WOO has plans to evolve into a governance token in the future, allowing holders to participate in shaping the network’s development direction.

WOO is compatible with various blockchain networks, including Ethereum, BNB Chain, Avalanche, Polygon, Solana, Arbitrum, Fantom, and NEAR. It also collaborates with leading DeFi platforms such as Bancor, SushiSwap, Uniswap, PancakeSwap, QuickSwap, and SpookySwap.

The WOO token has a fixed supply of 3 billion tokens, and the circulating supply will gradually decrease due to a coin-burning mechanism. Monthly coin burns will continue until the total supply is reduced to 50% of the initial maximum supply.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article