So, what’s WoofWork? Additionally, what position does the WOOF coin play inside its ecosystem? On this article, we’ll deal with these and plenty of different questions. Now, earlier than we dedicate our consideration to the WOOF coin, its tokenomics, and use circumstances, we’ll make sure you perceive the ins and outs of the WoofWork crypto venture. As we discover this venture extra in-depth, we’ll additionally look at the venture’s roadmap and group.
After making certain you’re nicely acquainted with this venture, we’ll analyze the WOOF token and give attention to the $WOOF value motion. You’ll be taught the place the token has been and what the principle ranges of assist and resistance are. Plus, we may also provide some speculative WOOF coin value predictions.
With all this info in your facet, you’ll lastly get to reply whether or not or not you can purchase $WOOF. And, to additional help you with that call, you’ll get to make use of the WOOF token web page that Moralis Cash gives you with.
What is WoofWork?
WoofWork is a Web3 freelance market within the making. Sure, it’s necessary to notice that whereas the venture and its WOOF coin are formally dwell, the platform itself is within the making. Moreover, the WoofWork crypto venture goals to develop into a number one freelance market the place people can discover Web3 gigs and jobs and earn in crypto. That is additionally the place the venture’s “Work in Crypto, Earn in Crypto” tagline comes into play.
In line with the data on the woofwork.io web site, {the marketplace} will allow its customers to rent/receives a commission in $WOOF, $SHIB, $ETH, and greater than 100 different cryptocurrencies.
The venture’s About web page additional outlines what makes WoofWork extra engaging than different freelance marketplaces. With its three core benefits, it lists the truth that WoofWork is offered worldwide, affords the perfect charges, and that it prioritizes Web3 gigs.
The About web page additionally introduces the “WoofBosses” and “WoofWorkers” phrases. The previous refers to customers who put up work alternatives on the platform, whereas the latter refers to freelancers who tackle these gigs.
Nonetheless, on the About web page, one may be taught that the venture is planning to launch on the Shibarium community first. Nevertheless, the imaginative and prescient is to make the platform assist a number of chains.
Fundamentals of the WoofWork Crypto Venture
One of many core fundamentals of the WoofWork crypto venture is its goal to create a crypto-friendly freelance platform. Plus, the plan to initially goal the Web3 realm additionally makes numerous sense as these customers are those who’re probably already acquainted with how crypto works and would, subsequently, be keen on paying and being paid in cryptocurrencies.
Highlights of the WoofWork Crypto In comparison with Conventional Freelance Platforms
The WOOF crypto venture truly outlines a number of points by which it plans to be higher than the presently main Web2 freelance platforms: Upwork and Fiverr. These are the highlights:
- Availability – Whereas each Upwork and Fiverr face totally different restrictions (functions required and nation restrictions), WoofWork shall be permissionless and accessible worldwide.
- Cost Strategies of the Future – Each conventional freelance platforms solely settle for fiat, whereas WoofWork goals to assist a whole bunch of cryptocurrencies.
- Decrease Platform Charges – In line with WoofWork, Upwork and Fiverr have charges that attain as much as 20%. Nevertheless, WoofWork plan to remain within the 0%-5% area.
- Service Charges – As a consequence of fiat processing strategies, each Fiverr and Upwork have a minimal 5% course of payment. Because of the extremely lean nature of the Shibarium community, WoofWork could have very low fuel charges.
- Staking Program – This new Web3 freelance platform plans to supply PoW (proof-of-work) staking program.
- Profitable Referral Program – WoofWork guarantees to supply as much as 20% referral commissions.
- Identification – Not like conventional freelance platforms, the place KYC is required, WoofWork won’t have such necessities.
- Dispute Decision – Disputes on the WOOF crypto platform shall be resolved in a decentralized method.
- Login – Customers gained’t want to offer their emails; their Web3 wallets will care for the login course of.
- Decentralized Escrow (DEscrow).
- New Methods to Rent – On WoofWork, customers will be capable to rent “WoofWorkers” or select a “WoofPack.”
- Companies – Whereas the WOOF crypto platform plans to initially focus extra on Web3 companies, it goals to assist all varieties of companies.
- Governance – The imaginative and prescient of this Web3 freelance community is to determine a DAO that may govern the platform.
WoofWork Collaborations and Integrations
One other necessary side of the basic evaluation (FA) is wanting on the tasks with which WoofWork integrates. You will discover them within the picture beneath, and we encourage you to analyze them additional by yourself:
Roadmap of WoofWork
Whereas the WOOF token is already buying and selling, the platform just isn’t but dwell. As such, the venture’s roadmap is kind of necessary. Nevertheless, sadly, the latter doesn’t present any clear timeframes. As an alternative, it sticks to the next six-phase define:
Primarily based on our evaluation, the WOOF crypto venture is presently someplace between phases two and three.
The next picture of the WoofWork ecosystem (a.okay.a. WoofVerse) can also offer you an extra overview of the place the venture is headed. That’s, if it manages to ship:
Group
Though many of the venture’s options will not be dwell but, together with Wooferral Program, WoofBurns, POW Staking, and Woof NFTs, you’ll be able to already interact with the colourful WoofWork group. The latter is called WoofPack and is designed to carry people obsessed with Web3 and freelancing collectively.
The venture makes use of numerous channels, together with Discord, Twitter, Telegram, Medium, and YouTube, to create and foster a powerful group. If you wish to take a look at these channels, we suggest accessing them by way of the venture’s official web site to keep away from scams. To take action, hover over the “WoofPack” possibility within the prime menu after which choose the “Community” possibility. As soon as on that web page, you’ll see hyperlinks to the entire aforementioned shops:
As talked about, the venture plans to create its personal DAO performing as governance, which shall be known as Woof DAO. Furthermore, this shall be one other utility for the WOOF token.
As for the venture’s core group, that is how the “Community” web page presents it:
So, the group just isn’t doxxed; nonetheless, you could find @woofoshi on Twitter:
What is the WOOF Coin?
The WOOF coin ($WOOF) is the WoofWork crypto platform’s utility token. The WOOF token follows the ERC-20 commonplace and lives on the Ethereum blockchain. This fungible token went dwell on January 31, 2023, when its builders executed the minting transaction.
It’s additionally price noting that in line with the data on the venture’s official web site, the WOOF coin will migrate to the Shibarium community as soon as the latter goes dwell.
Tokenomics
These are the core tokenomics of the WOOF token:
- Venture title: WoofWork
- Tokens image/ticker: WOOF ($WOOF)
- Whole provide: 7,900,000,000
- Community: Ethereum (deliberate transition to Shibarium)
- Kind: ERC-20
- Preliminary distribution: 5% advertising and marketing, 5% rewards, 10% partnerships, 80% liquidity
- The venture claims to have locked the $WOOF liquidity
Use Circumstances of the $WOOF Token
For the reason that WoofWork crypto platform just isn’t dwell but, the core use circumstances of the WOOF token haven’t come to fruition but. So, on the time of writing, you’ll be able to commerce and HODL $WOOF, however you can not but use it for any of its meant functions.
The present imaginative and prescient and plans predict these $WOOF utilities:
- WoofWorkers will be capable to earn in $WOOF. Those that will go for that may get to get pleasure from 0% platform charges.
- WoofBosses will get to stake $WOOF. Those that achieve this will get to get pleasure from 0% platform charges.
- The WOOF token will energy PoW staking.
- The Wooferral program will run on $WOOF.
- Woofaversity will run on the WOOF coin and also will burn $WOOF.
- $WOOF will function a accomplice fee token – it will likely be used for listings on WoofWork.
- The WOOF crypto token may also develop into the governance token of the Woof DAO.
WOOF Coin Value Evaluation
The above logarithmic each day chart clearly signifies the worth exercise of $WOOF ever because it began to commerce till at the present time. We’ve additionally marked the minimal and most costs of the asset in addition to all of the extra vital ranges of assist and resistance.
$WOOF listed on February 1, 2023, at $0.0004529 and went on a good 300%-plus run throughout the first 5 hours of buying and selling. The next 20 hours introduced on a virtually 60% correction; nonetheless, afterward, the worth of the WOOF coin rallied additional. It reached its highest level – the present all-time excessive (ATH) degree – on February 8, 2023. This degree sits at $0.004895.
However following the preliminary 10x-plus rally, $WOOF flipped its development, and what adopted was a 126-day-long correction. Throughout that interval, the worth of $WOOF decreased by greater than 90%. The bottom level – the all-time low (ATL) degree – was set at $0.0002915, which is noticeably decrease than the itemizing value. Since mid-June 2023, the token hasn’t reached these lows once more. And, with one short-lived pump to the $0.00045-ish degree, the token has been transferring primarily sideways across the $0.0003-ish degree.
On the time of writing, the worth sits at $0.0003312.
WOOF Coin Value Prediction
The above-outlined chart additionally signifies that the WOOF’s backside is probably in. So, if your complete crypto market reveals indicators of energy, $WOOF might begin transferring by its ranges of resistance. As such, the above blue strains signify the probably value predictions on the token’s technique to its ATH. Furthermore, probably the most vital ones are $0.00045-$0.0005, $0.00063-$0.00068, $0.001-ish, $0.0012-$0.0013-ish, $0.0021-ish, $0.0027-ish, and $0.0034-ish.
After all, the venture’s improvement will play an necessary half in the way forward for the WOOF token value. If the Shibarioum community launches quickly and the venture delivers on all its guarantees, the token’s value ought to replicate that. In that case, $WOOF might set its new ATH.
This transfer would additionally put the token within the price-discovery area. So, to get some tangible value ranges, we are able to use the Fibonacci retracement device. And probably the most optimistic degree (the “4.236” extension) that this device gives us with factors to $0.017-ish. That’s about 51x above the present $WOOF value.
Whereas that speculative value appears slightly excessive, contemplating that the typical altcoin tends to extend in worth by 50-70x throughout a bull run, it isn’t in any respect unattainable.
In spite of everything, the WOOF crypto’s present market cap is just $2.61 million. So, even a 51x improve would nonetheless put this asset’s market cap simply above $133 million. And everyone knows that profitable tasks sometimes cross the $1 billion mark. After all, the query stays whether or not or not the WoofWork venture has what it takes to be that profitable.
Ought to You Purchase $WOOF?
The above sections gave you various info to work with. In truth, the above sections needs to be greater than sufficient so that you can resolve whether or not or not $WOOF deserves your consideration additional.
If not, you should overlook about this venture and transfer on to different altcoins alternatives. In spite of everything, there are numerous different present and new tokens with excessive potential. Plus, in 2023, you should utilize Moralis Cash’s important characteristic – Token Explorer – to seek out the perfect altcoin alternatives at any given second.
Nevertheless, in case you resolve that WOOF is worthy of your consideration, then you definitely should analysis this venture and its token additional. And there’s no higher place to try this than the Moralis Cash WoofWork.io ($WOOF) token web page.
On that web page, you will see that all of the hyperlinks, assets, and instruments that may aid you reply the above query. Plus, in case you come to the conclusion that you can purchase $WOOF, this web page may also aid you get your timing proper. That is the place alpha metrics – Moralis Cash’s real-time, on-chain insights – come into play.
Thanks to those metrics, you’ll get to find out if WOOF is gaining or shedding on-chain momentum. And since on-chain exercise all the time precedes value motion, it is possible for you to to enter your place on the proper time.
So, comply with the above hyperlink to entry the WOOF web page, or just use the interactive widget beneath.
The place to Purchase the WOOF Coin?
For those who go to the “Exchanges” part on the woofwork.io web site, you’ll see that there are numerous locations the place you should purchase $WOOF. Nevertheless, in case you hit the “Buy $WOOF” button on the venture’s web page, it can direct you to Uniswap.
However because you’ll already be utilizing the Moralis Cash token web page for WoofWork, you’ll be able to take a user-friendlier path to purchase $WOOF. In spite of everything, there’s an on the spot crypto swap characteristic on the prime of that web page:
The latter already contains the WOOF token because the goal forex, so it eliminates the chance of touchdown on a improper buying and selling pair. Plus, due to the ability of the 1inch aggregator, this path additionally ensures you get the perfect out there value.
What is WOOF Coin? Analyzing the WOOF Token from WoofWork.io – Key Takeaways
- The WoofWork crypto venture goals to make use of the memetic energy of the Inu canine breed to launch a Web3 freelance platform.
- On the time of writing, the platform just isn’t dwell but; nonetheless, the WOOF coin is.
- The WOOF token lives on the Ethereum chain and follows the ERC-20 token commonplace. As soon as the Shibarium community goes dwell, the venture plans to transition the WOOF forex to that layer-2 community.
- The value of $WOOF is presently buying and selling close to the asset’s lows. So, if the venture delivers what it guarantees, these ranges might grow to be an ideal entry.
- If you’re keen on shopping for $WOOF, you might want to use Moralis Cash to DYOR additional.
- Moralis Cash’s $WOOF web page may also aid you get the timing proper. Plus, it’s also arguably the perfect place to purchase WOOF.
Whether or not you find yourself shopping for $WOOF or not, you might want to take into account different altcoin alternatives. The very best device to discover tokens earlier than they pump is delivered to you by Moralis Cash!
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