The native token of a buying and selling and liquidity platform has skyrocketed by almost 58% this week amid a brand new perpetual contract itemizing.
WOO Community (WOO) is a liquidity platform that provides each centralized and decentralized exchanges (DEXs).
The mission’s utility token, WOO, is buying and selling at $0.386 at time of writing, up from $0.245 one week in the past. The 93rd-ranked crypto asset by market cap can also be up greater than 23% previously day.
WOO’s positive factors materialized as Seychelles-based crypto change BitMEX listed a WOO perpetual contract with as much as 10x leverage. The contract is margined in prime stablecoin USDT.
The WOO Community additionally launched its annual report on the mission’s growth progress in 2023.
WOO Community co-founder Jake Tan says the mission has continued to take a “steadfast and unwavering” method to constructing following the crypto market implosion in late 2022.
“From launching Multi-MM, the primary clear and stay steadiness sheet, to WOO Turkey, WOOFI Swap, and orderbook DEX, and securing a number of VASP (Digital Asset Service Supplier) registrations, our journey has been eventful and various. As our frequent Twitter updates present, we’ve been incessantly constructing. Some tasks yielded substantial advantages with minimal effort, whereas others demanded appreciable assets however fell quick in consumer engagement.”
The mission predicts that its decentralized change, WOOFI, may have greater than $25 billion in combination buying and selling quantity subsequent yr.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Test Price Action
Comply with us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney