Buy WOO Network (WOO)
What is WOO?
WOO Network is a platform that merges centralized finance (CeFi) and decentralized finance (DeFi) services. It is dedicated to offering deep liquidity, low-cost trading, and configurable trading environments for traders, institutions, and DeFi platforms. The network utilizes the WOO token, which is a utility token designed for various functions within the WOO Network ecosystem.
How does WOO work?
WOO Network operates through a combination of CeFi and DeFi products. It uses Synthetic Proactive Market Making (sPMM) to provide extensive liquidity on its decentralized exchange (WOOFi), mimicking traditional order books. The platform is interoperable across multiple blockchains and employs a hybrid consensus mechanism, enhancing security and transaction throughput.
What are the potential use cases for WOO?
WOO tokens have various utility cases including:
- Staking: Users can stake WOO tokens to earn rewards.
- Fee Discounts: Users can enjoy reduced trading fees.
- Airdrops: Token holders may receive airdrops from WOO Ventures.
- Governance: Token holders can participate in governance decisions.
Additionally, WOO Network supports decentralised applications, liquidity provision across sectors, staking and yield farming, real-world asset tokenization, and cross-chain trading.
What is the history of WOO?
WOO Network was founded in May 2020 by Kronos Research, a trading firm specialising in arbitrage and high-frequency trading. The WOO token launched in October 2020, with WOO X, the centralized exchange, following in August 2021. The platform has raised substantial funding, including a $12 million investment led by Binance Labs in January 2022. WOO Network continues to expand its services, such as launching WOOFi Stake 2.0 and expanding to multiple blockchain networks.
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Frequently Asked Questions (FAQs)
What is the current price of WOO Network (WOO)?
The WOO Network price is $0.35139784 AUD, representing a +20.05% from the day prior.
Where is the best place to buy WOO Network (WOO) in Australia?
The best place to buy WOO Network (WOO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell WOO Network (WOO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of WOO Network (WOO)?
The trading volume of WOO Network (WOO) is $71.5M AUD in the last 24hrs, representing a +20.05% from the day prior.
How can I buy WOO Network (WOO)?
WOO Network (WOO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of WOO Network (WOO)?
The current market cap of WOO Network (WOO) is $652.8M AUD.
Can I convert WOO Network (WOO) to cash?
Yes - With Coinstash you can convert your WOO Network (WOO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many WOO Network (WOO) are there?
The current circulating supply of WOO Network (WOO) is 1.9B.
Is Coinstash a safe place to buy WOO Network (WOO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling WOO Network (WOO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.