WOO

Purpose and Utility

WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms. The WOO token serves multiple purposes within the ecosystem: governance rights, trading fee discounts, staking benefits, and platform revenue sharing.

Business Model

The platform focuses on providing professional trading infrastructure and deep liquidity, operating both centralized (WOO X) and decentralized (WOOFi) trading platforms. The business model is primarily based on trading fees and liquidity provision, which are permissible activities from an Islamic perspective.

Real-World Adoption

WOO Network has established partnerships with major players in the cryptocurrency space and maintains significant trading volumes. The platform reports over $400 million in daily trading volume on its centralized exchange, and the token is actively used for its intended purposes of governance and fee discounts.

Development Activity

The project maintains active development with regular updates to both its centralized and decentralized trading platforms. The team consistently releases new features and improvements, demonstrating ongoing commitment to the project's development.

Token Distribution

The initial token distribution included allocations to team members and early investors with vesting schedules. While a significant portion was allocated to the founding team and early investors, the vesting schedules help align long-term interests.