|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
WOO X Launches Exclusive Reward Event, Allocating 0.1 bps of All Spot and Perpetual Trading Volumes to WOO Stakers
Jan 22, 2025 at 08:11 pm
This initiative is a test as part of WOO X's continued efforts to move away from inflationary rewards and better align with its community and token holders.
Crypto trading platform WOO X has launched an event that will see 0.1 bps of all spot and perpetual trading volumes allocated directly to WOO stakers from January 23 to February 6.
The initiative is a test as part of WOO X’s continued efforts to move away from inflationary rewards and better align with its community and token holders.
By shifting to a real yield model, WOO X aims to maximize staking utility and value capture, positioning WOO as a token with true utility across both CeFi and DeFi ecosystems.
We will be evaluating the behaviors of users and stakers to see how we can maximize the flywheel effects of an engaged token community,” said Bryan Chu, WOO X Chief Strategy Officer.
Chu also announced that daily staking reward emissions have been cut by over 60% from Q4 2024 levels.
By the end of Q1 2025, WOO X staking is set to become completely emission-free—a groundbreaking step toward sustainability and increased value for token holders, reinforcing its position as a leader in utility-driven tokens.
Chu added that WOO X will introduce tiered benefits and fee discounts for traders holding WOO in their spot wallets—with no lockups required.
These benefits will be managed through the upcoming My WOO portal, which offers integrated access across staking, earn products, and self-custody wallets.
To learn more about WOO X, download our app or visit our website.
About WOO X
WOO X is a global centralized crypto futures and spot trading platform offering the best-in-class liquidity and price execution.
WOO X has achieved a daily volume exceeding $1.5 billion and is home to hundreds of thousands of traders worldwide.
WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company’s mission to maintain the trust of its growing community of traders.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin Stuck at $102,000, Dogecoin Drops 20%, Solana Plunges 21%: What's Next for BTC, DOGE, and SOL?
- Jan 23, 2025 at 03:55 am
- The cryptocurrency market is experiencing a period of heightened volatility, with Bitcoin (BTC) holding steady around $102,000, while altcoins like Dogecoin (DOGE) and Solana (SOL) have faced significant losses in recent days.
-
- Three Altcoins Are Trending Right Now—XRP, ETH, and SOL. But PlutoChain Could Generate Substantial Buzz
- Jan 23, 2025 at 03:45 am
- Ripple (XRP) remains a leader in cross-border payments, cementing its role in the global financial ecosystem. Ethereum (ETH) continues to dominate the blockchain space, with DeFi innovation and implementing advanced scaling solutions like Ethereum 2.0.
-
- Elluminex (ELX) Is Poised To Deliver Over 1,000% ROI As It Starts Its Presale In a Bull Market
- Jan 23, 2025 at 03:45 am
- Given its excellent blockchain network, a fully-equipped DeFi ecosystem and an upcoming presale launch in this bullish market, Elluminex (ELX) is signaling as the next DeFi token with potential to deliver a 1,000% pump.
-
- Larry Fink, CEO of BlackRock, Describes Bitcoin (BTC) as an Ideal Hedge Against Economic and Political Instability
- Jan 23, 2025 at 03:45 am
- During an interview with Bloomberg, Larry Fink, the CEO of BlackRock, an asset management firm, shared his thoughts on Bitcoin (BTC), the world's largest cryptocurrency