WOO is the native token of the Wootrade network, a digital asset that can be used to acquire exclusive benefits, investment opportunities, discounts, and rebates on the Wootrade network. The WOO token adheres to the ERC-20 and BEP20 standards and can be traded on most major exchanges.
What are the key highlights of WOO Token?
- WOO is a capped supply token with a cap of 3 billion tokens.
- WOO is burned each month with portions of revenue amassed on Wootrade.
- WOO will be utilized in the decentralized governance of Wootrade.
- WOO unlocks access to zero-fee trading.
- WOO had been staked by major institutions and exchanges.
- WOO serves as the unifying force for all services provided by the platform:
1. WOO can be used in staking/mining incentive mechanisms to incentivize improved liquidity and flow. WOO can also be staked to access and decrease fees paid to trade teams in asset management products.
2. WOO can be used as collateral on Wootrade to trade spot/futures.
3. WOO can be amassed by B2B clients to apply for reduced, zero, or even negative fees on the platform.
4. WOO governance framework will involve staking tokens to accrue voting points.