Read on Twitter
Thread on $WOO and why i'm bullish on it
What is it?
$WOO is the native platform token of the @wootraderS network.
@mcuban said it's solving the biggest obstacle in crypto (friction through disparate liquidity pools across many exchanges, high transaction costs, frontrunning/manipulation)
it's backed by 3AC
$WOO is the native platform token of the @wootraderS network.
@mcuban said it's solving the biggest obstacle in crypto (friction through disparate liquidity pools across many exchanges, high transaction costs, frontrunning/manipulation)
it's backed by 3AC
What is Wootrade?
It's Dark Pool trading platform
- Significantly above-average liquidity
- Tighter spreads (less slippage) than most CEX/DEX
- Offers ZERO trading fees*
*provided enough $WOO is staked
It's Dark Pool trading platform
- Significantly above-average liquidity
- Tighter spreads (less slippage) than most CEX/DEX
- Offers ZERO trading fees*
*provided enough $WOO is staked
They plan to use $LINK alongside their own $WOO oracle for pricing:
Here's why they picked Chainlink (i think they'll run their own $LINK node):
https://medium.com/wootrade/wootrade-to-bring-trading-histories-from-professional-traders-and-institutions-on-chain-via-30e42aa4885f
Here's why they picked Chainlink (i think they'll run their own $LINK node):
https://medium.com/wootrade/wootrade-to-bring-trading-histories-from-professional-traders-and-institutions-on-chain-via-30e42aa4885f
What's a Dark Pool?
- A private exchange usually inaccessible to the public
- Created for institutional traders who don't want to impact the markets with large orders (adverse prices)
- A private exchange usually inaccessible to the public
- Created for institutional traders who don't want to impact the markets with large orders (adverse prices)
Why use a Dark pool?
- Intention is not disclosed (no front running, fewer malicious practices, nobody knows how much is sold)
-Market impact is significantly reduced on big positions
-No exchange trading fees ( Vast savings for high frequency whale traders/ institutions)
- Intention is not disclosed (no front running, fewer malicious practices, nobody knows how much is sold)
-Market impact is significantly reduced on big positions
-No exchange trading fees ( Vast savings for high frequency whale traders/ institutions)
@wootraderS brings disparate liquidity pools/exchanges with small volume/activity into one massive Dark Pool
They link multiple exhanges into one, to form a "super exchange"
All participants win
Exchanges- more volume
Large players- less friction
Smaller traders- zero fees
They link multiple exhanges into one, to form a "super exchange"
All participants win
Exchanges- more volume
Large players- less friction
Smaller traders- zero fees
@wootraderS is incubated by @ResearchKronos
Kronos is the leading quant/market marker fund trading more daily volume than Uniswap! over $45billion a month.
These are the top dogs in the game
#2 / #1 on @FTX_Official, when $woo listing @SBF_Alameda ?
Kronos is the leading quant/market marker fund trading more daily volume than Uniswap! over $45billion a month.
These are the top dogs in the game
#2 / #1 on @FTX_Official, when $woo listing @SBF_Alameda ?
Wootrade is a live product doing over $100m a day. $WOO marketcap is ~$250 million
WOO X is a professional GUI that allows traders to access all the liquidity aggregated on the @wootraderS network. launches in June, it is currently in Beta mode.
WOO X is a professional GUI that allows traders to access all the liquidity aggregated on the @wootraderS network. launches in June, it is currently in Beta mode.
The Zero fees make $WOO X ideally suited for high frequency/volume traders
The fee savings shouldn't be understated. Remember Kronos trade over $40bn a month. These guys saw the problem in practise and found a solution
The fee savings shouldn't be understated. Remember Kronos trade over $40bn a month. These guys saw the problem in practise and found a solution
50% of revenue is burned as $WOO tokens, making it increasingly deflationary as it scales. $WOO takes a small transaction fee on large orders, so only high volume clients pay for trade on the exchange. Even then, it's inexpensive.
See revenue address: https://etherscan.io/token/0x4691937a7508860f876c9c0a2a617e7d9e945d4b?a=0x0000000000000000000000000000000000000000
See revenue address: https://etherscan.io/token/0x4691937a7508860f876c9c0a2a617e7d9e945d4b?a=0x0000000000000000000000000000000000000000
50%! The beta which has less than 300 users, so one they go live in June the full platform burn effects will increase. And they will use LINK oracles in combination with the WOO oracle to provide pricing data to institutions
More: https://medium.com/wootrade/creating-consistent-token-demand-and-incentivizing-healthy-growth-the-woo-token-buyback-and-burn-1fa4815284ac
More: https://medium.com/wootrade/creating-consistent-token-demand-and-incentivizing-healthy-growth-the-woo-token-buyback-and-burn-1fa4815284ac
Whats the thesis?
Exchange tokens are in hot demand
Coinbase IPO on the 14th will fuel a speculative rise in price for them (that see high volume with self reinforcing virtuous token economics) accounting for their use
You only have to look at the likes of $BNB $FTT to see
Exchange tokens are in hot demand
Coinbase IPO on the 14th will fuel a speculative rise in price for them (that see high volume with self reinforcing virtuous token economics) accounting for their use
You only have to look at the likes of $BNB $FTT to see
WOO will add liquidity the more platforms it onboards
https://twitter.com/moneywithcarter/status/1365517305812307971?s=20
Feeless trading for everyone
https://twitter.com/moneywithcarter/status/1365517305812307971?s=20
Feeless trading for everyone
Litepaper:
https://woo.network/Litepaper.pdf
https://woo.network/Litepaper.pdf
More reading into Zero fee trading https://medium.com/wootrade/how-does-wootrade-provide-traders-with-zero-fees-and-still-keep-the-lights-on-c6688f935cfb
How it will bridge dex/cex: https://medium.com/wootrade/the-best-of-both-worlds-wootrade-bridges-cefi-liquidity-with-defi-trading-4319d9085b39
https://medium.com/wootrade/wootrade-to-bring-trading-histories-from-professional-traders-and-institutions-on-chain-via-30e42aa4885f
The link integration
The link integration
Summary: the $WOO tokenomics have solid feedback loops with the buy and burn, good usecases (free fees with staking) and are solving a critical problem in crypto/DeFi
I think this will pull in a nice multiple!
I think this will pull in a nice multiple!
$WOO gang
If i've missed anything feel free to add, im still learning
Good thread by @moneywithcarter he knows his stuff on $WOO if you need help https://twitter.com/moneywithcarter/status/1365517235729690625?s=20
Good thread by @moneywithcarter he knows his stuff on $WOO if you need help https://twitter.com/moneywithcarter/status/1365517235729690625?s=20
