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Wootrade Network (WOO)

Wootrade Network (WOO)

Wootrade is a darkpool trading platform that offers significantly above-average liquidity, tighter spreads than the major exchanges, and zero (or even negative) fees. It is the beginning of a reinvention in cryptocurrency trading which will finally create an efficient and high-performance marketplace.

Overview

Wootrade solves the liquidity, cost, and adverse selection issues of cryptocurrency trading for exchanges, institutions, and (eventually) retail traders through the use of redesigned incentive mechanics. Wootrade understands that efficient markets are built on an equilibrium of economic incentives and have designed a system in which both sides of the trade are mutually better off.

By leveraging the platform’s native token woo, wootrade incentivize liquidity providers to compete on prices and spreads, improving the economics and experience for traders. Rather than placing an importance on volume, we aim to make “execution quality” our principal benchmark.

Woo is a native platform token which unites liquidity providers and seekers into a mutually beneficial economy that allows for zero-fee trading at the best execution prices globally.

Traders, exchanges and those with asset management needs will directly benefit in a virtuous and self-reinforcing manner.

Wootrade is a “dark pool” or Alternative trading system (ATS), an oft-confused term that masks a very straightforward concept: a dark pool is like an exchange but one where traders can interact privately, away from the eyes of the visible, or “lit”, exchanges. Dark pools are a necessary addition to trading infrastructure because being able to work with your counterparty in private immensely improves pricing and liquidity. In fact, dark pools represent a return to how humanity has transacted for most of human history – that is, until the computerization of exchanges—which is face to face, directly from one party to another. Markets participants quickly realized that the identity and reputation of your trading partner is actually an important trading signal in and of itself.

Wootrade features advanced alpha-based market-making abilities via partnerships with the leading quantitative trading teams globally.

This novel platform has achieved a self-reinforcing and mutually beneficial dynamic between traders, exchanges, market-makers and investors all tied together by the WOO token.

[4][5]

Team

Jack Tan - Co-Founder

Mark Pimentel - Co-Founder

Xulong Yu - Engineering Director [2]

Partnership & Investors

Hashkey Capital

Fenbushi Capital

SNZ & DFund [1]

References

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