What is WOO Network (WOO), How and Where to Buy?

Esat Demirtaş 4 March 2022Last Updated: 16 April 2023

4 minutes read

What is WOO Network (WOO), How and Where to Buy?

Although community-oriented projects and metaverse projects are the favorites of the crypto markets, unique projects also attract a lot of attention. WOO Network and WOO Token are also among the projects that have attracted a lot of attention recently.

In this content, we will try to explain the most curious details about the WOO Network (WOO), which has caused crypto investors to frequently ask questions such as what is WOO Network and WOO Token since it started to be talked about frequently.

Contents

What is WOO Network?

WOO Network; It is a platform that offers the opportunity to buy and sell at near zero costs by democratizing centralized and decentralized financial platforms and connecting the platforms and investors.

WOO Network, which has partnerships with many central crypto exchanges and is also involved in many ecosystems; Although buyers and sellers are on different platforms, it provides the highest transaction volume and speed by connecting them on a single platform.

WOO Network has 3 different projects named WOO X, WOO Trade and WOO Fi.

What is WOO X?

WO X; It is a front-end trading platform that offers professional traders the opportunity to trade with both high trading volume and near zero costs.

What is WOO Trade?

WOO Trade, which is a kind of B2B project; It is a platform that can be directly integrated between exchanges and institutions via API, enabling transactions to be performed faster, at lower cost and with higher volume, and works on demo demand.

What is WOOFi?

WOO Fi is a decentralized exchange platform that provides the best possible exchange prices and lower fees with lower risks.

What is WOO Token?

WOO Token; It is a native token token integrated into WOO Network’s CeFi and DeFi products and services with a variety of staking, discount, yield and governance tools.

Located in Ethereum, Binance Smart Chain (BSC), Polygon, HECO, Solana, OKExChain, Arbitrum, Fantom and Avalanche ecosystems, WOO Token has a governance system (DAO). To be more specific, WOO Token holders can vote and guide decisions regarding the WOO Network. The main decisions that can be voted and taken are as follows:

Minimum stake for node application,
Minimum and maximum time for stake,
Vote points accrual mechanism,
Product or token development lists and features,
Fee models/discounts/revenue stream (value capture voting),
Token distribution rates and dynamics based on various forms of mining.

The maximum supply of WOO Token is limited to 3,000,000,000 units. 20% of the tokens were used for private and public sales, 20% for the WOO Network team and 5% for the advisors are locked for 4 years.

A slice of 50% is reserved for mining, staking income and rewards, while the remaining 5% is reserved for liquidity management.

Where to Buy WOO Token?

WOO Token, which is in many systems, can be purchased from many decentralized crypto exchanges (DEX) and centralized crypto exchanges thanks to this privilege.

At this point, the decision depends only on the investment thinking of the buyer. If it is purchased with a long-term view, WOO Token can be bought with a DEX platform and withdrawn to the wallet, or if there is a thought to trade, central crypto exchanges that list WOO Tokens can be preferred.

How to Buy WOO Token?

If you want to buy WOO Tokens on a central crypto exchange, you can follow the steps below to buy WOO Tokens on Gate.io Exchange, one of the central crypto exchanges listing WOO:

Login to your Gate.io Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
Transfer the amount of WOO you want to buy after logging into your account. You can use the Tron (TRX) cryptocurrency due to convenient transfer fees.
After your transfer is received on your Gate.io account, go to the Markets page and first convert your transfer to Tether (USDT) and then enter WOO in the search section and select WOO/USDT.
On the page that opens, determine the amount you want to buy and complete the purchase by clicking the Buy WOO button.

If you are looking for a detailed guide on the use of Gate.io Exchange, you can review our article titled Gate.io Exchange and Detailed User Guide.

Frequently Asked Questions About WOO Network (WOO)

In this section, we will try to answer the most frequently asked questions about WOO Network and WOO Token. This area will be regularly updated upon requests and questions from you.

What is WOO Coin?

WOO Network; WOO is a token unit, not a coin, as it is on the Ethereum blockchain and does not have a private blockchain. Therefore, the terms WOO Coin or WOO Network Coin are incorrect terms.

Is WOO Network (WOO) a Future Project?

WOO Network, a project that provides serious advantages to many individual and institutional investors and developers; It is among the projects that are believed to have a future.

On Which Exchanges Is WOO Network (WOO) Available?

WOO Network; Although it is currently included in many central and decentralized crypto exchanges, it can be purchased most reliably on the Gate.io Exchange.