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Information about WOO Network (WOO)
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity, trading execution, and yield generation strategies at lower or zero cost. The project has raised a total of $42 million from leading investors such as Crypto.com, Avalanche, BitTorrent and the world’s largest exchange Binance. Woo Network’s products and services includes:
WOO is a utility token of the WOO Network ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
News
Strategic AI Appointment at WOO: WOO has appointed Alex Lee as Head of AI Innovation to simplify blockchain complexities. This strategic role aims to improve trading operations, focusing on enhanced user experience and increased efficiency in the competitive cryptocurrency market.
Alex Lee’s Past Experience: Alex Lee brings extensive experience from Temasek and McKinsey, where he led AI initiatives. His expertise is vital for implementing AI solutions at WOO to revolutionize cryptocurrency trading and operational processes.
Partnership Enhances User Rewards: WOO X collaborates with OpenTrade and Avalanche to provide an RWA Earn Vault program. Users can enjoy tiered APR rates ranging from 6% to 13.5% by depositing USDC and staking WOO tokens, adhering to KYC requirements.
Phased Program Structure: The program operates in three phases. Users can maximize their earnings over its duration, with the total program cap set at 5,000,000 USDC, while withdrawals are capped daily at 1,500,000 USDC.
Willy Woo, a renowned analyst, notes significant growth in capital inflows into the Bitcoin network. Woo pointed out that Bitcoin spot ETFs are attracting substantial capital, with BlackRock’s iShares Bitcoin Trust drawing 1.89 billion USD last week. Bitcoin’s price has surpassed 93,000 USD, reaching a record high. Daily capital inflows into Bitcoin reach 2 billion USD, indicating the market’s strength.
WOO Innovation Center has entered into a strategic partnership with DEX SphereX to advance meme-driven decentralized trading.
The collaboration aims to bring innovation to decentralized finance (DeFi), improve accessibility, and enhance cross-chain capital efficiency. Additionally, the partnership seeks to provide more users with access to advanced trading tools.
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