WOO Token Utility
Learn about what you can do with WOO token
WOO Token is a utility token deeply embedded within WOO Network's CeFi and DeFi products and services with various staking, discount, yield, and governance utilities.
Currently, 50% of revenue generated across WOO Network’s services contribute to the monthly buyback and burn through the purchasing of WOO tokens off the secondary market to remove them permanently from the circulating supply. Furthermore, this buyback is then matched with a monthly burn from the Ecosystem Reward pool for the WOO token, which lowers the maximum supply and decreases its Fully Diluted Value (FDV).
Read the litepaper here: https://woo.org/Litepaper.pdf
Governance Power
- WOO DAO has been formed to govern the initiatives related to Growth, Treasury Management, and DAO to DAO relations. WOO token holders, WOO X stakers, and WOOFi stakers can participate in the decentralized governance by voting on proposals
Staking
- WOO tokens can be staked on WOO X to reduce trading fees, unlock zero-fee trading, unlock rebates on taker orders (trade-to-earn), unlock daily free withdrawals, and increase referral rebates.
- Trading institutions generating large volumes on WOO X can stake WOO tokens based on their volume and trading requirements to receive increased API trading rate limits and fee reductions.
Yield
- A portion of tokens received from WOO Ventures early-stage project investments will be distributed to WOO token stakers on WOO X.
DeFi Liquidity Provision and Yield farming with WOO
- WOO tokens are embedded within prominent DEXes on various chains: Bancor, Sushiswap, Uniswap, PancakeSwap, QuickSwap and SpookySwap. See WOO Token Utility for detailed links.
Borrowing and Lending with WOO
- WOO tokens can be used as collateral for borrowing and lending on: Sushi Kashi, Rari Capital. See WOO Token Utility for detailed links.
WOO token utility will be expanded as WOO Network’s liquidity, exchange, and DeFi services grow.
[Yield] Access to social trading
- WOO stakers can gain access to social trading features on WOO X to emulate highly professional trading strategies from top-performing traders.
[Yield] Access and discounts for institutional yield strategies
- Users staking WOO tokens benefit from reduced capital requirements, management and performance fees for institutional-grade asset management services — such as Kronos Research's asset management services that generate stellar yields regardless of market conditions.
October 2022 | 1,874,757 | |
September 2022 | 2,359,581 | |
August 2022 | 1,971,052 | |
July 2022 | 3,660,306 | |
June 2022 | 5,360,089.14 | |
May 2022 | 7,478,848 | |
April 2022 | 3,057,636 | |
March 2022 | 1,686,780 | |
February 2022 | 1,888,180 | |
January 2022 | 669,814 | |
December 2021 | 459,040 | |
November 2021 | 501,561 | |
October 2021 | 156,722 | |
September 2021 | 312,936 | |
August 2021 | 217,523 | |
July 2021 | 48,930 | |
June 2021 | 121,907 | |
May 2021 | 764,762 | |
April 2021 | 327,120 | |
March 2021 | 537,166 | |
February 2021 | 817,564 | |
January 2021 | 5,247,767 |
The WOO token was initially a utility token on Ethereum, which now exists on multiple blockchains through bridges. Always check the official token contract addresses and the bridges available as below.
Chain | Contract Address | Bridges |
|---|---|---|
Ethereum | Main contract | |
BSC | ||
Polygon | ||
Fantom | ||
Avalanche | ||
Arbitrum | ||
Solana | ||
OKExChain | ||
HECO | ||
NEAR |
Protocol | Pair |
Raydium / Serum |
Protocol | Pair |
MDEX |
This is not an exhaustive list, and the liquidity and yields could change depending on the protocol. DeFi protocols are subject to smart contract risks, and providing liquidity in AMMs makes your assets expose to impermanent loss. Please DYOR before interacting with the protocol.
Last modified 10d ago