What is Wootrade (WOO) | What is Wootrade token |What is WOO token

What Is Wootrade (WOO)?

Wootrade is a layer one trading infrastructure complete with deep liquidity, frontend trading GUI, and the ability to integrate into any exchange, trading desk, wallet, dApp, or other trading-related platform. Wootrade is able to leverage rebates from high volume institutional traders and market makers, giving the retail traders and B2B clients high-depth, zero-fee trading.

WOO is the native token that is used for:

WOO can be staked to access premium features and zero-fee trading
Used as collateral on Wootrade to trade spot / futures.
Amassed by B2B clients to apply for node statuses.
Used in a governance framework to accrue voting point

Institutional crypto platform Wootrade raises $10M in investment round

How Many WOO Coins Are There in Circulation?

Wootrade launched its mainnet on October 30, 2020 with 3 billion WOO tokens created at genesis. 20% was sold at private sale with vesting between six months and two years. 20% is reserved for the team, with vesting between six months and four years. 5% is reserved for advisors, vested over 4 years. 50% of the supply is reserved for ecosystem rewards.

Who Are the Founders of Wootrade?

Wootrade was incubated by Kronos Research, a leading quant trading firm responsible for between $1 billion and $2 billion in trading volume per day.

Co-Founder’s Jack Tan and Mark Pimentel turned a 2-man team in 2018 into more than 60 employees in 3 cities. Jack started trading equities at age 14 and has worked at BNP Paribas and Deutsche Bank for more than a decade after graduating from Carnegie Mellon University.

Mark is a pioneer of decentralized technologies, having penned the first whitepaper on a decentralized derivatives exchanges in early 2017 where users could freely list any contracts for trading. After completing his bachelors and masters in Computer Engineering at CMU, Mark started his career in Citadel Investment Group’s High Frequency Trading unit in 2006, which made $892M in 2007 and $1.15B in 2008. Next Mark went on to lead Knight Capital’s electronic market development group, now part of Virtu where Mark’s team operated the largest dark pool in the United States and Europe during that time.

CTO Terence Wu has 15+ years of trading system development experience having worked at technology firms. Terence was responsible for HSBC equity derivatives trading and market-making system infrastructure build out. Terence is a graduate of HKUST with a degree in Computer Engineering.

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