Log in

Simply Explained

Simply Explained: WOO Network (WOO)

Updated: Aug 5, 2024
Published: Feb 14, 2023
0
Share:

WOO Network is an ecosystem of CeFi and DeFi services designed to provide platforms, exchanges, and traders with liquidity at zero or low cost. 

Post Feature Image

Let’s dive straight in!

What is WOO Network?

WOO Network consists of a range of products, including:

WOO X: a centralised trading platform that offers zero fees for traders. WOO X offers 87 spot markets and 64 futures markets. The platform promises “market-leading transparency to inspire user confidence and create unparalleled trust in centralised trading products.” Users can buy crypto on WOO X with credit or debit cards.

WOOFI DEX: a decentralised exchange that WOO describes as an “on-chain order book exchange with the look, touch, and feel of a centralized exchange.”  In Q4 2022, WOOFi exchange was placed in the top 10 DEXs by 24-hour volume on DeFi Llama

Who are the founders?

WOO Network was created by Kronos Research co-founders, Jack Tan and Mark Pimentel in 2019. Kronos is a crypto trading firm specialising in high-frequency trading and market making. The company averages $5 to 10 billion of daily trading volume on global crypto exchanges. 

WOO token

WOO token is used across the platform’s DeFi and CeFi products for staking and fees. Holders are incentivised through zero-fee trading, token airdrops and referral discounts. Holders can also stake their WOO tokens to receive yields from the WOOFi swap fee. For staking WOO, stakers receive xWOO as the Liquidity Provider token. The staked WOO can be redeemed with xWOO after the 7-day unstaking period. 

The token is also embedded in multiple Decentralised Exchanges on Ethereum, Solana, Polygon, and more, allowing holders to provide liquidity through yield farming or as collateral.

The project also has plans to introduce governance utilities which will give holders voting power over the network’s future updates, based on the duration and number of tokens staked. 

Our Top Picks:

DOGWIFHAT

DOGWIFHAT

120,650%

SPX6900

SPX6900

17,000%

POPCAT

POPCAT

66,567%

PENDLE

PENDLE

5,002%

SOLANA

SOLANA

2,500%

HYPE

HYPE

1,740%

Don’t miss our next 100X

Trusted by 230K+ investors

Tokenomics

WOO launched on October 30, 2020, and 3 billion WOO tokens were created and initially distributed as follows: 
  • 10% allocated to private and public sales
  • 20% allocated to the team
  • 5% allocated to advisors
  • 50% allocated to support the WOO ecosystem 
In the first half of 2023, WOO is rolling out a series of improvements to its tokenomics. As part of these improvements, the network burned 24% of the total supply, decreasing it to 2.25 billion.

Below is WOO’s updated distribution chart:

WOO

Where can you buy WOO?

WOO is available on a range of exchanges, including WOO X, Binance, Kraken, Uniswap and more. 

Thanks for reading. Let us know what you think of WOO!

Disclaimer: Not financial nor investment advice. Any capital-related decisions you make are your full responsibility and yours only.

Continue reading by joining Cryptonary Pro

Save 30%

$997/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
Market Pulse: Unemployment Is Rising
Market Pulse
Market Pulse: Unemployment Is Risin...The market got the data it expected… and still didn’t get what it wanted. Nonfarm Payrolls sent mixe...
3 min read
Dec 16, 2025
Market Update: Risk Assets Signal Caution
PRO
Market Updates
Market Update: Risk Assets Signal C...This week could set the tone for how markets finish the year. Delayed US data, a key Bank of Japan d...
8 min read
Dec 15, 2025
AMA with Tom, Abror and Adam: 12th December
Livestreams
AMA with Tom, Abror and Adam: 12th ...This conversation delves into the market, rate cuts, dot plot, and the implications of Powell's lead...
1 min read
Dec 14, 2025