What The Fuck Is..... WOO Trade
The evolution of the DEX from Etheredelta to Uniswap has been a huge leap forward. I remember the early days of the P2P marketplace, god was it bad! But, as these new automated market makers started to hit the scene, the user and graphical interface started to massively increase, not to mention the user experience that developed from these market-making platforms. The next generations of decentralized trading platforms are all about marketing making and liquidity, but even more importantly, the development of exotics and portfolio management. These are going to be the next flagship leaders of the industry, trying to find them before they are born though is a hard one. WOO Trade has brought together some industry leaders to work on the development of one of these high potential trading deck leaders. We are keeping a close eye on WOO trade and even have a podcast booked with the C suite team soon! Keep your eyes posted as we will continually be developing our VenCap Deep dive sections here.
Everything You Need to Know About Wootrade
Decentralized liquidity can become a problem going forward, especially if you want to diversify your investment portfolio. And the best way to keep yourself out of this situation is by investing in digital liquid assets.
Wootrade is one of the best digital asset liquidity pools that offer exceptional execution for institutional clients. They believe that decentralized liquidity is never a good option for anyone. It restricts your investment capabilities. And so, they partner with some of the elite trading teams, funds, and exchanges to bring dependable liquidity to its digital asset ecosystem.
We Wootrade Wu Wei?
Many people don't understand the concept of decentralizing liquidity until it's too late. Wootrade wants to remind you that it can bring you out of trouble if you decide to trust its process. It's a first-level trading infrastructure that deals with nothing other than deep liquidity. This platform can integrate into any trading desk, dApp, wallet, exchange, or other trading-related platforms. It even offers frontend trading GUI, which is quite rare when you see other platforms providing similar services. This keeps WOO ahead of its competitors.
One of the reasons why it's beneficial to use WOO is it leverages rebates from various market makers and high-volume institutional traders. This gives retail traders and even B2B clients an opportunity for high-depth, zero-fee trading. You will be surprised to know that WOO is already a native token used for various purposes, such as the following:
• You can stake WOO to access zero-fee trading and enjoy premium features.
• Apply for node statuses as a B2B client.
• Use WOO tokens as collateral to trade on spot and in the future.
• Use WOO as a governance framework to accrue multiple voting points.
Although WOO launched its first-ever mainnet in 2020, it has already developed more than 3 million tokens at genesis. It sold nearly 20% of the tokens as private sales within six months after its launch. The platform keeps 20% of its tokens as a reserve for its team. The duration of these tokens is between six months and four years. Additionally, it keeps 5% of its tokens for advisors. The rest is kept as ecosystem rewards to attract new users to make the most of the platform.
Why is Wootrade exciting?
WOO is a unique platform, to say the least. Anyone who uses Wootrade will say that it offers some of the most exciting offers when it comes to staking. For example, staking WOO tokens can earn you rewards directly from other platforms. WOO calculates its annual percent yield according to the number of tokens you stake. It then shows the APY on its dashboard so that you know precisely how it calculates everything.
Additionally, staking WOO tokens results in unlocking zero-fee trading. It also allows you to enjoy a few more benefits like use referral bonuses, pay reduced fees for advanced trading products, and asset management.
A big reason why WOO is now one of the trading platforms to look forward to is its capped-supply token system. It has a total of 3 billion tokens. The platform buys back its tokens and burns them each month to generate huge portions of revenue. It then utilizes the revenue as decentralized governance, something that most traders want. This allows WOO users to enjoy zero-fee trading for both retail and institutional users of WOO network. Here are a few more reasons why it's exciting to trade on WOO:
• WOO is full of B2B clients who want to trade on a zero-fee platform.
• WOO allows users to use WOO tokens as collateral to trade spot/futures.
• It allows users to enjoy fee discounts on various Kronos Research asset management products.
• It captures value from different DeFi applications.
• Its governance involves staking tokens that accrue voting points.
WOO is available as a trading token on the following platforms and applications:
• Huobi Korea
• Huobi Global
These are some of the most reputable platforms among B2B users who don't want to invest in decentralized assets.
Those who are still not into WOO often want to know who stakes the tokens. Well, there are two types of users that primarily stakes WOO tokens for investment purposes and to enjoy zero-fee trading:
1. Zealous Rhinos
WOO also has B2B clients that work as their trading partners or trading teams. Zealous Rhinos are one of the eminent B2B clients that play a crucial role in staking the tokens. They have already staked more than 50m WOO tokens. Transaction transparency is one of the biggest reasons why WOO trading is so exciting. It doesn't have hidden fees or additional charges for bulk transactions. In fact, it makes trading free for users. You can monitor your transactions on the Ethereum block explorer.
2. WOO token holders
Currently, you can stake WOO tokens on AscendEX. It will soon open its doors to WOO X also. WOO X is its very own trading platform. It will provide direct access to WOO tokens so that you can enjoy advanced services like social trading and decentralized investing strategies.
Distribution of WOO tokens
WOO follows what experts call a meritocratic token distribution plan. But why? According to veteran investors, it allows WOO tokens to commit to its ecosystem through advisors, ecosystem rewards, and public sale distributions. Here is the distribution of WOO tokens that every user should know. It will help diversify your portfolio as you can accordingly invest in schemes you think is profitable for you.
• Firstly, it dedicates 5% of its tokens for liquidity management. As already mentioned, WOO doesn't support decentralized liquidity. The 5% allotment allows WOO to cover its liquidity successfully.
• It then allots 5% of tokens for its advisors. Without advisors, WOO may not be able to move forward in terms of diversification of assets.
• The next 20% of its tokens go as token sales. This is where users need to make the most of their investments. Make sure you come under the 20% category if you are not an advisor.
• The following 20% belongs to WOO's team; the team that helped build this platform after years of hard work and dedication. It is fast becoming the most preferred platform among investors.
• The last 50% of tokens go as ecosystem rewards. With so many users already logged in and thousands expected to sign up soon, the platform wanted to allocate a significant amount as rewards for both new and existing users.
Who is the team?
Kronos Research developed Wootrade. It's a giant trading firm responsible for trading $1 billion to $2 billion every day. Mark Pimentel and Jack Tan are the co-founders of the platform. They started as a two-man team in 2018. But soon they had more than 60 employees working from 3 different cities.
Jack is a former employee at Deutsche Bank and BNP Paribas and graduated from the Carnegie Mellon University. He started trading equities at the age of 14. On the other hand, Mark is an expert at decentralized technologies. He penned his first whitepaper on one of the most renowned decentralized derivative exchanges back in 2017. This exchange allowed users to list contracts for trading without charging a single penny. He completed his bachelor's and master's from the CMU in computer engineering. Mark began his professional career in Citadel Investment Group in 2006. He was a part of the High Frequency Trading group that went on to make $892 million in 2007 and more than $1.15 billion in 2008.
The collective experience between the two allowed them to lay a foundation on which they developed WOO. Mark also had experience in the electronic market development group. He gathered experience in operating some of the darkest and largest pools in the US and Europe at that time.
Today, there are a few more core team members, such as:
• Ran Yi, the chief operating officer
• Terence Wu, the chief technology officer
• Xulong Yu, the engineering director
Who has funded the project?
Kronos Research is the company that helped build WOO. Although the project had a lot of potential, it also required enough funds to make things work. Both Jack and Mark head-hunted for funds when they came up with the plan to develop WOO back in 2018. It took them time to accumulate some funds, but they were not enough. Later, they managed to pitch their idea to Kronos Research, who saw the opportunity and decided to fund the project.
How to participate in the network?
You can buy WOO tokens to join the network. Currently, WOO is available on Uniswap, AscendEX, Huobi Korea, Huobi Global, Bitmart, BitAsset, DODO, Balancer, Loopring, CoinEx, BitZ, and Hoo.com. Visit any of these platforms and search for WOO tokens.
WOO is an excellent digital asset liquidity pool that makes trading cost-effective by not charging a trading fee. Make the most of this opportunity by participating in its network now.
Fire up your weekend with a high-level look at where our #ZeroFee customizable trading platform $WOO X is going over the next few months. Get ready for a summer of:— Wootrade (@wootraderS) May 29, 2021
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