WOO Network: Financial situation is stable, and WOO tokens will not be used as collateral for external loans
ChainCatcher message, the cryptocurrency liquidity platform WOO Network responded to concerns such as "insolvency, WOO Network using WOO platform tokens as collateral, Kronos Ventures using user assets for investment" with the following points:
WOO Network has over 3 years of operational funds, possessing the necessary resources and stability to fulfill commitments and maintain effective operations;
It has previously stated that WOO tokens will not be used as collateral for external loans. The dynamic balance sheet allows users to view the asset and liability status excluding WOO token reserves, and WOO tokens are securely stored in a multi-signature custody method.
Kronos Ventures and WOO Network are both independently operated entities.
WOO Network's financial status is stable. (Source link)
