Woo Network
Woo NetworkName
Woo Network
Summary
-WOO platform provides deep liquidity for superior order execution, zero-fee trading, and fully customizable trading workspaces.
-It was launched on October 30, 2020 by Kronos Research co-founders Jack and Mark.
-It is built on Binance Smart Chain.
Rating
Symbol
WOO
Overview
WOO Network is a company that provides centralized and decentralized services. Its main product is WOO X, a fee-free cryptocurrency trading platform that also serves as a liquidity aggregator for digital assets. WOOFi is the DeFi arm of the WOO Network and supports decentralized exchanges by providing on-chain liquidity. WOO Network aims to be a big player in CeDefi (bridge between centralized and decentralized finance).
Historical Price Movement (in INR)
Technology
WOO Network's DEX, WOOFi Swap, is built on top of Binance Smart Chain, a familiar chain with its own team's partnership with DODO in spring 2021. WOO Network revealed that assets, users, and volumes trading of the rich BSC ecosystem is the main reason for this choice.
Technically, the scalability, speed and low fees make BSC a natural choice for the WOO Network. WooFi smart contracts have been audited by security expert CertiK and a second audit is underway. To further enhance security, WooFi has implemented a bug bounty program with a maximum reward of 50,000 USDT.
In the future, the WOO Network also plans to deploy on more EVM-enabled blockchains to expand its liquidity reach. Actively spearheading a multi-chain world, WOO Network and WOO X aim to be a one-stop shop for liquidity, covering a wide range from CeFi to DeFi.
Use of Native tokens in the ecosystem:
WOO Token is used in the network's CeFi and DeFi products for staking and fee discounts.
Private and Public sales
20%
Team
20%
Advisors
5%
Liquidity Management
5%
WOO Network Ecosystem, Notably Staking and Mining Rewards
50%
Volume ( as of 30th May 2022)
$14,650,514
Total Supply
2,989,743,330 WOO
Circulating Supply
1.05B WOO
Crowd Sales
WOO Network has raised a total of $52M in funding over 7 rounds.
Funding
04/01/2022-Series A -$12M
09/11/2021-Series A -$30M
26/04/2021-Venture Round -N.A.
28/09/2020-Seed Round -N.A.
15/09/2020-Seed Round -$10M
30/06/2020-Seed Round -N.A.
01/05/2020-Venture Round -N.A.
Country
N.A.
Year Incorporated
2019
Registered Address
N.A.
Dispute Resolution and Governing Law
N.A.
Country Risk Assessment
N.A.
Founding Team
| Name | Designation | Education | Experience |
| Jack Tan | Co-Founder | Carnegie Mellon University - Tepper School of BusinessB.S., Business | 16 Yrs |
| Mark Pimentel | Co-Founder | Hunter College High SchoolCarnegie Mellon UniversityB.S., Electrical & Computer Engineering, Business AdministrationCarnegie Mellon UniversityM.S., Electrical & Computer Engineering | 18 Yrs |
https://instagram.com/woo.network 
