Grab a coffee. This thread will be informative & long.
An exchange infrastructure that offers ZERO trading fees and DEEP liquidity - Meet @wootraderS
In a way, Wootrade is to exchanges what #Ethereum is to #DApps 🔥
..And they have a token, $WOO
Here are my findings👇
An exchange infrastructure that offers ZERO trading fees and DEEP liquidity - Meet @wootraderS
In a way, Wootrade is to exchanges what #Ethereum is to #DApps 🔥
..And they have a token, $WOO
Here are my findings👇
Wootrade was incubated by Kronos Research. (Similar to $FTX being incubated by @SBF_Alameda )
Kronos Research is a quantitative investment research institution.
Its daily volume is over $1 billion!
Kronos Research is a quantitative investment research institution.
Its daily volume is over $1 billion!
Wootrade offers traders, institutions and exchanges deep orderbooks and best trade execution.
The problem: Exchanges have to pay high costs for market makers.
The solution: Wootrade removes that need for them + lets their clients enjoy trading free of charge.
The problem: Exchanges have to pay high costs for market makers.
The solution: Wootrade removes that need for them + lets their clients enjoy trading free of charge.
Exchanges need to stake a tiered amount of $WOO for some of the usage.
This generally offsets the costs for market makers. Plus, exchanges earn staking rewards from the token!
Here are some that use it already: @MXC_Exchange, @Hoo_exchange, @gate_io.
This generally offsets the costs for market makers. Plus, exchanges earn staking rewards from the token!
Here are some that use it already: @MXC_Exchange, @Hoo_exchange, @gate_io.
Look at the spreads of Hoo after implementing Wootrade.
They're super thin!
They're super thin!
Initially, Kronos research itself will provide more volume to Wootrade. They don't do that yet!
Later on, clients who they have a formal relationship with are introduced.
In future, possible more clients will join.
Later on, clients who they have a formal relationship with are introduced.
In future, possible more clients will join.
The current 24h volume is ~40M
On the 18. November 2020, it was just ~17M
Kronos isn't there yet.
Clients aren't there yet.
Future clients aren't there yet.
Imagine what happens if only a few enter Wootrade?
Yep. Badaboom!
On the 18. November 2020, it was just ~17M
Kronos isn't there yet.
Clients aren't there yet.
Future clients aren't there yet.
Imagine what happens if only a few enter Wootrade?
Yep. Badaboom!
The very first token burn took place a few days ago on the 10. February.
5'247'767 $WOO were burned.
That's ~1.5% of the circulating supply with a daily volume of just ~40M!
The more volume Wootrade has, the more $WOO are burned.
5'247'767 $WOO were burned.
That's ~1.5% of the circulating supply with a daily volume of just ~40M!
The more volume Wootrade has, the more $WOO are burned.
The market capitalization is currently at a ridiculously low 20$M.
This might be partly because backend changes were made to better handle the upcoming volume in a few months.
No clients were introduced because of that. It wouldn't have made any sense.
This might be partly because backend changes were made to better handle the upcoming volume in a few months.
No clients were introduced because of that. It wouldn't have made any sense.
After Q1 2021 at the latest I expect $WOO to blow off!
✅ Private sale distributions are done.
✅ Backend changes should be done.
✅ Kronos will join.
✅ Clients will join.
✅ Volume will rise.
✅ More stakers & burns will happen!
✅ Private sale distributions are done.
✅ Backend changes should be done.
✅ Kronos will join.
✅ Clients will join.
✅ Volume will rise.
✅ More stakers & burns will happen!
Upcoming bonuses
✅ WOO labs
✅ WOO X
✅ Community votes
✅ Asset management surprises coming
✅ WOO labs
✅ WOO X
✅ Community votes
✅ Asset management surprises coming
Final words
Thanks for @Martijncvv and @BenYorke to educate me about this fantastic project!
Join t.me/wootrade to find out even more!
Thanks for @Martijncvv and @BenYorke to educate me about this fantastic project!
Join t.me/wootrade to find out even more!
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