BitMart Partners with Wootrade on the Zealous Rhino Staking Program

BitMart, a premier global digital asset trading platform, recently adopted Wootrade’s B2B node plan that offers reduced fees in exchange for staking large quantities of WOO tokens. This is a strategic partnership under the Zealous Rhino Staking Program announced on November 6, 2020.

According to the program, each rhino will stake an amount of WOO based on their volume and fee requirements. In return, the nodes will be given reduced, zero, or even negative fees on trades flowing from their end-users or clients. The staking address will be made public, so the community can witness how the staked WOO tokens are locked up.

The rhinos have already integrated the Wootrade Network into their respective platforms. Over the past six months, Wootrade has provided them with increased order book depth and cost-savings on market-making and transactions. Their inclusion in the program shows their optimism about the development of Wootrade and the WOO token ecosystem. They not only offered support during the token launch but were also eager to join the initial batch of node participants.

Based on current usage of the Wootrade network plus the anticipated needs of Wootrade’s clients, it is estimated that the Zealous Rhino Staking Program will lock up around 40,000,000 WOO tokens in the near future, with around 500 million tokens staked in the first year (approximately 80% of the market circulation). Additionally, the staking program for retail investors and token holders is nearing completion and will be announced along with other important updates to the Wootrade platform.

“We are thrilled about this partnership with Wootrade. Its aim to improve the liquidity of trading platforms resonates with our goal. By adopting Wootrade’s B2B node plan, BitMart has enhanced liquidity, which provides our users with better trading efficiency and experience,” Sheldon Xia, Founder and CEO of BitMart, said.

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 400+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.

About Wootrade

Built by industry-leading quantitative trading firm Kronos Research, WOOTRADE offers greatly improved liquidity, spreads, and fees (the abolishment of). It is the next evolution in crypto trading. Exchanges, DEXs, and other trading platforms may source their entire order books from WOOTRADE at zero cost, thereby unifying liquidity across all venues. Prime nodes also enjoy revenue share for achieving flow requirements. Traders can directly use the platform via our highly intuitive and customizable interface.

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