WOO
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in WOO from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to WOO.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.