Grab a coffee. This thread will be informative & long.
An exchange infrastructure that offers ZERO trading fees and DEEP liquidity - Meet @wootraderS
In a way, Wootrade is to exchanges what #Ethereum is to #DApps 🔥
..And they have a token, $WOO
Here are my findings👇
Wootrade was incubated by Kronos Research. (Similar to $FTX being incubated by @SBF_Alameda )
Kronos Research is a quantitative investment research institution.
Its daily volume is over $1 billion!
Wootrade offers traders, institutions and exchanges deep orderbooks and best trade execution.
The problem: Exchanges have to pay high costs for market makers.
The solution: Wootrade removes that need for them + lets their clients enjoy trading free of charge.
Exchanges need to stake a tiered amount of $WOO for some of the usage.
This generally offsets the costs for market makers. Plus, exchanges earn staking rewards from the token!
Here are some that use it already: @MXC_Exchange, @Hoo_exchange, @gate_io.
Look at the spreads of Hoo after implementing Wootrade.
They're super thin!