The value of the WOO token ($WOO) has surged following the publication of its annual report, unveiling significant accomplishments and ambitious plans for the future.
Revealing key milestones, the annual report highlights WOO’s successful launch of its orderbook decentralized exchange (DEX), WOO Turkey, WOOFI Swap, and Multi-MM – marking a pioneering move with the industry’s first transparent and live balance sheet. Positioned for an Initial Public Offering (IPO), WOO X sets its sights on challenging industry behemoths like Coinbase by securing licenses from major local and international authorities.
WOO released its annual report, indicating that it has completed launching Multi-MM, the first transparent and live balance sheet, WOO Turkey, WOOFI Swap, and orderbook dex. WOO X aims to secure licensing in key local and global jurisdictions, targeting an IPO to compete with…
— Wu Blockchain (@WuBlockchain) December 14, 2023
U.S Users In The WOO Strategic Stance
Adopting a strategic stance, WOO has deliberately excluded US users and implemented robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies from the outset. This deliberate approach primes the team for accelerated growth on a regulated trajectory.
Acknowledging substantial progress across both Centralized Finance (CeFi) and Decentralized Finance (DeFi) trading platforms, the team anticipates continued success for CeFi amid tightening regulations. However, the team staunchly asserts that the future is firmly anchored in DeFi. An illustrative example is WOOFi Swap, which has secured approximately 2% of the overall market share without resorting to WOO token incentives, underscoring the inherent competitiveness of the DeFi swap market.
Looking ahead to 2024 and beyond, the team envisions a significant pivot in trade volume towards DeFi, fueled by its continuously enhancing user experience.
Since the release of the annual reports, $WOO has witnessed a substantial surge in value, climbing from $0.28 to $0.37. This surge mirrors investor confidence in WOO’s achievements and the outlined future prospects in the comprehensive annual report.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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