WOO Leader Reports Company Success

The press service of WOO has recently released its annual report, highlighting the remarkable progress made by the blockchain startup in the past year. The report indicates that WOO's developers have successfully completed the launch of Multi-MM, a transparent and efficient balance tracking system. Additionally, the company introduced services like WOO Turkey, WOOFI Swap, and a DEX order book. These achievements demonstrate WOO's commitment to innovation and excellence.

One of the company's strategic goals is to obtain licensing in crucial local and global jurisdictions. This move positions WOO as a player in both the local and international markets, making it more competitive. Moreover, WOO's leadership has expressed its intention to conduct an Initial Public Offering (IPO) to challenge established industry giants like Coinbase. This ambitious move could reshape the landscape of the blockchain and cryptocurrency industry.

Despite the turbulence in the cryptocurrency industry in 2022, WOO has proven to be resilient and unwavering in its approach. Co-founder Jack Tan emphasized the team's dedication to development and the lessons learned during challenging times. According to Tan, the year 2023 tested their character, strengthening their ability to adapt, innovate, and take decisive actions. The collective efforts of the project team have contributed significantly to WOO's growth and resilience.

WOO's journey has been diverse and dynamic, requiring adaptability to navigate changes in the crypto space. The recent years have served as a period of learning, honing the company's ability to address complex scenarios and adapt effectively. In particular, the regulation of both centralized and decentralized finance sectors, known as CeFi and DeFi, has evolved significantly. Rather than resisting these changes, WOO has chosen to embrace them.

Jack Tan highlighted that the future of the cryptocurrency industry lies in DeFi. WOOFi Swap, a platform offered by WOO, has already captured approximately 2% of the overall market without resorting to token incentives. The absence of barriers in the swap market is a key factor contributing to its success. It is expected that trading volume on this platform will see significant growth in 2024, further solidifying WOO's position in the DeFi sector.