WOO Network is a network that provides exchanges, individual and institutional investors and DeFi platforms with access to liquidity, low fees or zero cost trading. The native token of the platform is WOO coin. It was founded in 2019 by Kronos Research. Kronos Research co-founders are Jack Tan and Mark Pimentel.
It connects institutions and traders to create a decentralized exchange. The purpose of the platform; Thanks to its platform called WOO X, it is to offer individual and institutional investors the best liquidity transactions in the market.
WOO Network is uniquely structured as the only platform that offers zero fees along with deep liquidity. It is one of the most liquid crypto exchanges in the world, providing traders with superior order execution at zero or lowest cost fee structure. These features of the platform are its biggest advantages.
Woo token is listed on crypto currency exchanges that can be considered as important and central. These; Bitmart, Bilaxy, Uniswap, Gate.io, MXC and DODO.
What are the WOO Network Advantages and Disadvantages?
The project strengthens its position in the sector day by day by making many collaborations. As with every project, some advantages and disadvantages of the WOO Network project are as follows:
- It provides competitive market conditions with low fees to all its users.
- Collateral wallets are offered for users’ risk management.
- Users have the opportunity to view the prices, portfolio value and charts of instant cryptocurrencies.
- WOO X offers all investor groups a free trading platform that provides best-in-class liquidity among its competitors.
- There are advanced spot and margin integrated order forms for users.
- The platform has an intuitive interface for fast and easy trading.
- Users have the possibility to stake WOO Coins to receive increased trade rate limits and fee reductions.
- Thanks to its mobile application, it is possible to monitor active positions even while on the move.
- WOO Coin is used as collateral in spot and futures transactions.
- Users have the advantage of trading with this cryptocurrency on the WOO Network platform for zero fees.
The prices of WOO Coin have high volatility. Sudden increases or decreases in price can be experienced frequently. This can be said as the disadvantage of WOO Network.
