WOOTR introduced the transaction advantage with 0 commission fee, which is the business model that WOO Network provides to its users globally, to the crypto money ecosystem in Turkey.
Founded by Jack Tan and Mark Pimentel, WOO Network was founded in 2019 by Kronos Research, one of the major companies in the crypto money market, which provides a daily trading volume of over 5 billion dollars on global stock markets. WOO Network is a deep liquidity network that provides traders, exchanges, institutions and DeFi platforms with easy access to large volumes of liquidity with 0 commission opportunities.
Under the umbrella of WOO Network;
- Cryptocurrency exchange WOO X, where you can get trading experience in spot and derivatives markets with 0 commission fees and deep liquidity,
- Cryptocurrency exchange WOOTR, whose servers are located in Turkey, where you can deposit and withdraw Turkish Lira directly;
- WOO X and WOOTR’s own token, WOO Token,
- There are decentralized finance protocol WOOFI and decentralized governance body WOO DAO.
WOO Network Turkey: WOOTR
WOO Network launched its centralized cryptocurrency trading platform as of July 2022. WOOTR introduced the transaction advantage to the crypto money ecosystem in Turkey with the “0 commission fee”, the business model that WOO Network provides to its users globally.
You too 0 commission” deep liquidityand with customizable interfacesYou can visit WOOTR to experience a privileged cryptocurrency buying/selling experience.
WOOTR Stores Its Customers’ Assets and Information in Turkey
By establishing company servers in Turkey, WOOTR became the first foreign cryptocurrency platform among Turkish cryptocurrency exchanges to fulfill its responsibilities to protect the personal data and assets of company customers. WOOTR carries out the transactions of its customers in a faster and safer way thanks to the company’s servers being located in Turkey.
How WOO Network Provides “0 Commission Fees” to Users?
WOO X and WOOTR are cryptocurrency trading platforms incubated by high-frequency trading (HFT) company Kronos Research.
WOO Network works with Kronos Research on the Payment for Order Flow business model. As a market maker, Kronos Research handles most of the daily trading volume in the cryptocurrency market. WOO Network provides Kronos Research with the necessary liquidity to carry out market making transactions. Kronos Research transfers some of its revenue from market making to WOO Network as revenue sharing. WOO Network, which earns its main income with the liquidity it provides to Kronos Research, offers its users the opportunity to trade on WOO X and WOOTR exchanges with 0 commission.
WOOTR users can lock 1800 WOO Tokens on the “WOO Lock” screen, and WOO X users can stake 1800 WOO Tokens and trade with “0 commission fee” in market maker and market taker orders in all trading pairs. In the event that more than 1800 WOO Tokens are locked or staked, even a negative commission fee may be applied on buyer transactions. WOOTR locking program and commission rates:
WOO Token
WOO Network is an exchange token of crypto currency exchanges (WOO X and WOOTR). The supply of WOO Token is limited to 3 billion units.
Details: https://www.coinecko.com/en/coins/woo-network
WOO Token provides various staking, discount, yield and governance tools to WOO Network’s CeFi and DeFi products and services. Every month, 50 percent of the revenue from WOO Network’s services is used to purchase WOO Tokens in the free market. The received WOO Token is burned by taking it into the “burn” mechanism. With this burn mechanism, WOO Token supply is deflationary, that is, its supply decreases.
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