Woo Network was founded by Jack Tan and Mark Pimentel in 2021. Both founders, Jack and Mark, are also former Kronos Research co-founders. Woo Network is a deep liquidity network that is incubated by Kronos Research. Kronos Research is a well-known quantitative trading firm. Woo Network stands out with its democratized access to different liquidities with low-cost trading experience.
Woo Network has raised more than $52 Million so far, including $10 Million in seed funding and $42 million in a Series A funding round. Binance Lab is among the investors with $12 Million in Series A. Woo Network offers both centralized and decentralized exchange services. Woo X is the centralized exchange (CEX) platform with zero-fee, and WooFi is the decentralized exchange (DEX) platform. Woo is one of the promising examples of CeDeFi (Centralized Decentralized Finance)projects. Binance Labs are intensively investing in DeFi and CeDeFi projects.
Woo Network aims to be a major player by serving as a bridge between centralized and decentralized finance. The founders’ have markable previous experiences with trading and liquidity providing. Woo network’s founders’ successor company Kronos Research has been a spearhead market maker in the crypto markets for a long time reaching over $7-8 Billion in daily volume.
The Woo network has a variety of products to offer its users. Spot trading, futures trading, staking, launchpad, wallet, and storage tools are available for users on the platform. You can also download the mobile trading app and use it on your mobile phone.
Woo tokens are used as a utility tokens on the platform. The company has an ongoing buyback and burn program to protect users who hold WOO tokens. Woo tokens have a deflationary characteristic. Woo tokenomics is well-distributed for all parties. Investors only have 10% of the tokens.
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Based on a total of 22 reviews across the web for WOO Network we gave the platform an overall rating of 77%.
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WOO Network supports over 80 currencies including Bitcoin, Ethereum, Tether USDt and Cardano.
WOO Network's supports the following languages: English, Ukrainian, Turkish, Vietnamese, Portuguese-Portuguese, Spanish, Simplified Chinese, Russian and Indonesian.
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|Crypto to crypto exchange||Yes|
|Know your customer||No|
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