WOO X is the primary product of WOO Network, providing centralized finance (CeFi) trading services. The exchange boasts low-fee trading, deep liquidity, and a customizable workspace.
WOO X Features
Low-Fee Trading
Transaction fees are a significant consideration for any trader when selecting a platform. Users on WOO X who trade manually (i.e. not using an API) can achieve lower maker and taker fees by attaining Tier 2 status. Holding 1800 WOO tokens on WOO X qualifies you for Tier 2, and CEXs occasionally offer additional benefits to Tier 2 users.
Deep Liquidity
Effective order fulfillment for both buyers and sellers is key to any trading platforms success. Ideally, large orders should have minimal slippage, and the bid-ask spread should be narrow. This is only possible with deep liquidity. That means a large number of individuals are supplying the order book with cryptocurrencies to buy and sell, enabling the trading platform to easily satisfy buying and selling demands.
WOO Network sources liquidity from traders who use the platform, professional liquidity providers, trading platforms, market makers, and institutions. The most significant contributor to WOO Xs liquidity is Kronos Research, a market-making trading firm. The deep liquidity foundation provided by Kronos Research allows WOO X to attract more liquidity to the network.
Customizable Workspace
WOO X enables users to customize their trading view using widgets, charts, and other personalized elements. This allows experienced traders to access the information and tools they need. TradingView also offers advanced charting tools for creating technical analysis indicators.
Introduction to WOO Network
WOO is a deep liquidity network incubated by Kronos Research. It connects traders, trading platforms, institutions, and decentralized finance platforms to access top-tier liquidity, trading execution, and yield generation strategies in a democratized manner, with low or even zero costs.
As part of the liquidity network, WOO Network provides both centralized and decentralized trading platforms. WOO X (centralized trading platform) offers low-cost trading, a customizable workspace, and deep liquidity. WOOFi (decentralized trading platform) offers a novel synthetic active market-making model that mimics traditional order books on centralized platforms. Users of the trading platform can swap, earn, and stake the projects native token, WOO. You can purchase WOO on Binance using a credit or debit card or exchange it for other cryptocurrencies. WOO can also be staked on WOOFi to earn rewards.