Live WOO Price Overview
As of the latest data, the global cryptocurrency market capitalization stands at $136.45 million, reflecting a positive 24-hour change of +10.14%. The current price of WOO is $0.07148, with a trading volume that remains actively tracked. Over the past day, WOO has experienced a notable increase of +10.44%. The circulating supply is 1.91 billion WOO tokens, while the maximum supply is capped at 2.21 billion. WOO currently holds the 362nd position by market capitalization. The 24-hour high reached $0.071715, and the low was $0.063407.
Historical Price Performance
All-Time High and Low
WOO achieved its all-time high (ATH) of $1.78 on November 15, 2021. Conversely, the all-time low (ATL) of $0.02211546 was recorded on January 4, 2021. These milestones provide context for understanding the token's volatility and potential growth trajectories.
Understanding WOO Network
What Is WOO Network?
WOO Network is a multi-asset blockchain platform designed to facilitate the issuance, exchange, and management of deep liquidity across various ecosystems, often at low or zero fees. It consists of three core services: WOO X (a front-end trading platform), WOOFi (an all-in-one decentralized application), and the WOO token. The network aims to democratize liquidity across centralized finance (CeFi) and decentralized finance (DeFi) platforms, offering users high execution speeds and cost-efficient trading.
The native token, WOO, was launched in October 2020, though the mainnet was incubated by Kronos Research in March 2019.
Price History and Trends
Since its mainnet launch, WOO's price has shown significant fluctuations. Starting at $0.01 per token during the network's inception, it began 2021 at $0.02 before soaring to its ATH of $1.78 during the 2021 bull market. According to recent data, WOO is trading around $0.11, indicating ongoing market activity and investor interest.
Utility of the WOO Token
WOO tokens serve multiple purposes within the ecosystem:
- Fee Discounts: Users receive discounts on transaction fees across the WOO Network.
- Liquidity Provision: Providing liquidity on WOO X allows users to earn rewards in WOO tokens.
- Staking: Tokens can be staked to earn rewards, with returns based on the amount staked and the duration.
- Content Monetization: On the network's decentralized social media platform, users can buy data or bandwidth using WOO tokens. High-quality content creators are rewarded with "WOO Points," redeemable for the native token.
Tokenomics and Distribution
WOO Network has a total supply of nearly 3 billion tokens, with a circulating supply of approximately 1.2 billion (40% of the total). The distribution is as follows:
- 50% for ecosystem development
- 25% for rewards and incentives
- 20% allocated to the team
- 5% for early backers and advisors
An additional 300 million tokens are reserved for the network's DAO and treasury, ensuring ongoing development and community governance.
Founders and Background
WOO Network was founded by Kronos Research, a team of experienced blockchain and finance professionals based in Taipei. The company specializes in high-frequency crypto trading, market making, and arbitrage, leveraging its expertise to enhance the network's liquidity and performance.
Storage and Security
As an ERC-20 token built on the Ethereum blockchain, WOO can be stored on any Ethereum-compatible wallet. Popular options include MetaMask, MyEtherWallet, and hardware wallets like Ledger Nano S. Alternatively, users can store tokens on WOO DEX for direct trading or on supported centralized exchanges (CEXs) for convenience.
How to Acquire WOO
WOO is available on major cryptocurrency exchanges, including Bybit, where users can trade WOO/USDT pairs on the Spot market. To get started, create an account, complete identity verification, deposit funds, and begin trading. 👉 Explore trading platforms for digital assets
Frequently Asked Questions
What is the current price of WOO?
As of the latest update, WOO is trading at $0.07148. The price fluctuates based on market conditions, with a 24-hour range between $0.063407 and $0.071715.
How can I invest in WOO?
Start by researching WOO's market performance, including its price history, supply metrics, and use cases. Next, create an account on a reputable exchange, complete verification, deposit funds, and place an order. Always consider storing assets in a secure wallet for added safety.
Where is the best place to buy WOO?
WOO is listed on several top exchanges, offering user-friendly interfaces for both beginners and experienced traders. 👉 Access real-time trading tools and platforms
Is WOO a good investment?
Investment suitability depends on individual risk tolerance, market research, and financial goals. WOO has shown historical volatility with an ATH of $1.78 and an ATL of $0.022. Evaluate its ecosystem, tokenomics, and market trends before investing.
What is the circulating supply of WOO?
The circulating supply is 1.91 billion tokens, with a maximum supply of 2.21 billion. These figures impact scarcity and market dynamics.
How do I store WOO securely?
Use Ethereum-compatible wallets like MetaMask or hardware wallets for enhanced security. Avoid storing large amounts on exchanges long-term.