In short, WOO is a financial ecosystem built to empower traders to shape their future.
The flagship products include WOOFi - an all-in-one DeFi application, and WOO X, a centralized exchange. WOO products are built in a way which aims to blur the line between CeFi and DeFi. The belief is that users shouldn’t need to know in which sector they operate, no matter if they are a pro trader or casual user.
The WOO token creates synergy by aligning the interests of token holders with the growth and adoption of the products. The WOO token delivers two core benefits:
- Utility: offering fee discounts and special perks
- Yield: through direct revenue share, vaults, launch pools, and airdrops
WOO has garnered the support of well-known industry leaders, including prominent investors such as Binance Labs, Crypto.com, and Avalanche (Ava Labs). This backing not only provides financial support but also lends credibility to the WOO project within the competitive crypto landscape.
Over 200 full-time employees contribute to the development of WOO. The team covers most major geographic regions, all driven by the mission to provide as much value as possible to WOO holders, by building AI-driven trading tools that unlock wealth, security, and independence in the digital economy.
WOO’s AI positioning
WOO sees AI as a catalyst for enhancing user experience and breaking down barriers to blockchain adoption. The goal is to create a network of apps that meets the needs of every user through AI-powered, seamless trading experiences, all while abstracting the complexities of crypto. AI should make crypto easy and intuitive, and help with removing many of the challenges of discovering, executing, and monitoring your next trade.
WOO Staking
WOO Stake sits at the center of the WOO ecosystem. WOO products facilitate hundreds of millions of dollars per day in transaction volume, which means they generate substantial fee volumes which are shared with onchain stakers.
Users can earn real yield in USDC by staking WOO tokens on-chain, receiving 80% of fees generated from WOOFi and a portion of fees collected by WOO X. This staking mechanism not only incentivizes users to hold their tokens but also fosters a thriving ecosystem where participants can benefit from the platform's growth. When users elect to autocompound their staking yields, the onchain smart contracts automatically take the USDC rewards each day, buy back WOO with it, and restake it for the users, creating organic demand.
Disclaimer
The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.
Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.
We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.