![What is WOOF Coin Analyzing the WOOF Token from WoofWork.io-article](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-article-1024x209.jpg)
So, what’s WoofWork? Additionally, what position does the WOOF coin play inside its ecosystem? On this article, we are going to handle these and plenty of different questions. Now, earlier than we commit 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 mission. As we discover this mission extra in-depth, we’ll additionally look at the mission’s roadmap and group.
After guaranteeing you’re nicely acquainted with this mission, we’ll analyze the WOOF token and concentrate on the $WOOF value motion. You’ll study the place the token has been and what the principle ranges of help and resistance are. Plus, we may also provide some speculative WOOF coin value predictions.
With all this data in your aspect, you’ll lastly get to reply whether or not or not you should purchase $WOOF. And, to additional help you with that call, you’ll get to make use of the WOOF token web page that Moralis Money offers you with.
![official website of the WoofWork crypto project](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-official-website.jpg)
What’s WoofWork?
WoofWork is a Web3 freelance market within the making. Sure, it’s necessary to notice that whereas the mission and its WOOF coin are formally reside, the platform itself is within the making. Moreover, the WoofWork crypto mission 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 mission’s “Work in Crypto, Earn in Crypto” tagline comes into play.
Based on 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 mission’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 accessible 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 publish work alternatives on the platform, whereas the latter refers to freelancers who tackle these gigs.
Nonetheless, on the About web page, one may also study that the mission is planning to launch on the Shibarium community first. Nonetheless, the imaginative and prescient is to make the platform help a number of chains.
Fundamentals of the WoofWork Crypto Undertaking
One of many core fundamentals of the WoofWork crypto mission is its goal to create a crypto-friendly freelance platform. Plus, the plan to initially goal the Web3 realm additionally makes lots of sense as these customers are those who’re probably already aware of how crypto works and would, subsequently, be excited about paying and being paid in cryptocurrencies.
![woofwork vs upwork vs fiverr](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-to-combat-upwork-and-fiverr-1024x260.jpg)
Highlights of the WoofWork Crypto In comparison with Conventional Freelance Platforms
The WOOF crypto mission truly outlines a number of features by which it plans to be higher than the at present main Web2 freelance platforms: Upwork and Fiverr. These are the highlights:
- Availability – Whereas each Upwork and Fiverr face totally different restrictions (purposes required and nation restrictions), WoofWork might be permissionless and accessible worldwide.
- Cost Strategies of the Future – Each conventional freelance platforms solely settle for fiat, whereas WoofWork goals to help lots of of cryptocurrencies.
- Decrease Platform Charges – Based on WoofWork, Upwork and Fiverr have charges that attain as much as 20%. Nonetheless, WoofWork plan to remain within the 0%-5% area.
- Service Charges – On account of fiat processing strategies, each Fiverr and Upwork have a minimal 5% course of payment. Due to the extremely lean nature of the Shibarium community, WoofWork may have very low gasoline 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 might be resolved in a decentralized method.
- Login – Customers gained’t want to offer their emails; their Web3 wallets will handle the login course of.
- Decentralized Escrow (DEscrow).
- New Methods to Rent – On WoofWork, customers will have the ability to rent “WoofWorkers” or select a “WoofPack.”
- Companies – Whereas the WOOF crypto platform plans to initially focus extra on Web3 providers, it goals to help all sorts of providers.
- Governance – The imaginative and prescient of this Web3 freelance community is to ascertain a DAO that can govern the platform.
WoofWork Collaborations and Integrations
One other necessary facet of the elemental evaluation (FA) is wanting on the initiatives with which WoofWork integrates. You will discover them within the picture beneath, and we encourage you to analyze them additional by yourself:
![WoofWork.io-integrations](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-integrations.jpg)
Roadmap of WoofWork
Whereas the WOOF token is already buying and selling, the platform just isn’t but reside. As such, the mission’s roadmap is kind of necessary. Nonetheless, sadly, the latter doesn’t present any clear timeframes. As an alternative, it sticks to the next six-phase define:
![roadmap of the woof coin and woofwork project](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-roadmap.jpg)
Primarily based on our evaluation, the WOOF crypto mission is at present someplace between phases two and three.
The next picture of the WoofWork ecosystem (a.ok.a. WoofVerse) can also give you a further overview of the place the mission is headed. That’s, if it manages to ship:
![woofverse ecosystem table graph](https://academy.moralis.io/wp-content/uploads/2023/08/WoofVerse-the-WoofWork-ecosystem-1024x562.jpg)
Group
Though a lot of the mission’s options usually are not reside but, together with Wooferral Program, WoofBurns, POW Staking, and Woof NFTs, you possibly can already interact with the colourful WoofWork group. The latter is named WoofPack and is designed to deliver people enthusiastic about Web3 and freelancing collectively.
![official twitter (X) account of the woof token crypto project](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-projects-Twitter-account-1024x751.jpg)
The mission 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 advocate accessing them through the mission’s official web site to keep away from scams. To take action, hover over the “WoofPack” choice within the prime menu after which choose the “Group” choice. As soon as on that web page, you’ll see hyperlinks to all the aforementioned retailers:
![What is WOOF Coin Analyzing the WOOF Token from WoofWork.io-community-WoofPack](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-community-WoofPack-1024x370.jpg)
As talked about, the mission plans to create its personal DAO performing as governance, which might be known as Woof DAO. Furthermore, this might be one other utility for the WOOF token.
As for the mission’s core staff, that is how the “Group” web page presents it:
![WoofWork.io-team](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-the-team.jpg)
So, the staff just isn’t doxxed; nonetheless, you could find @woofoshi on Twitter:
![WoofOSHI](https://academy.moralis.io/wp-content/uploads/2023/08/WoofOSHI-1024x547.jpg)
What’s the WOOF Coin?
The WOOF coin ($WOOF) is the WoofWork crypto platform’s utility token. The WOOF token follows the ERC-20 customary and lives on the Ethereum blockchain. This fungible token went reside on January 31, 2023, when its builders executed the minting transaction.
It’s additionally value noting that in accordance with the data on the mission’s official web site, the WOOF coin will migrate to the Shibarium community as soon as the latter goes reside.
![etherscan data for the WOOF coin](https://academy.moralis.io/wp-content/uploads/2023/08/WoofWork.io-token-WOOF-coin-on-Etherscan-1024x344.jpg)
Tokenomics
These are the core tokenomics of the WOOF token:
- Undertaking title: WoofWork
- Tokens image/ticker: WOOF ($WOOF)
- Complete 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 mission claims to have locked the $WOOF liquidity
![WoofWork.io-WOOF-crypto-tokenomics](https://academy.moralis.io/wp-content/uploads/2023/08/WoofWork.io-WOOF-crypto-tokenomics.jpg)
Use Circumstances of the $WOOF Token
Because the WoofWork crypto platform just isn’t reside but, the core use circumstances of the WOOF token haven’t come to fruition but. So, on the time of writing, you possibly can commerce and HODL $WOOF, however you can not but use it for any of its supposed functions.
The present imaginative and prescient and plans predict these $WOOF utilities:
- WoofWorkers will have the ability to earn in $WOOF. Those that will go for that can get to take pleasure in 0% platform charges.
- WoofBosses will get to stake $WOOF. Those that accomplish that will get to take pleasure in 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 companion fee token – it is going to be used for listings on WoofWork.
- The WOOF crypto token may also develop into the governance token of the Woof DAO.
WOOF Coin Worth Evaluation
![What is WOOF Coin Analyzing the WOOF Token from WoofWork.io-price-chart](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-price-chart-1024x445.jpg)
The above logarithmic every day chart clearly signifies the value exercise of $WOOF ever because it began to commerce till this present day. We’ve additionally marked the minimal and most costs of the asset in addition to all of the extra vital ranges of help and resistance.
$WOOF listed on February 1, 2023, at $0.0004529 and went on an honest 300%-plus run inside the first 5 hours of buying and selling. The next 20 hours introduced on a virtually 60% correction; nonetheless, afterward, the value of the WOOF coin rallied additional. It reached its highest level – the present all-time excessive (ATH) stage – on February 8, 2023. This stage sits at $0.004895.
However following the preliminary 10x-plus rally, $WOOF flipped its pattern, and what adopted was a 126-day-long correction. Throughout that interval, the value of $WOOF decreased by greater than 90%. The bottom level – the all-time low (ATL) stage – 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 stage, the token has been transferring primarily sideways across the $0.0003-ish stage.
On the time of writing, the value sits at $0.0003312.
WOOF Coin Worth Prediction
The above-outlined chart additionally signifies that the WOOF’s backside is probably in. So, if your entire crypto market reveals indicators of energy, $WOOF may begin transferring by way of its ranges of resistance. As such, the above blue traces characterize the probably value predictions on the token’s technique to its ATH. Furthermore, essentially 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.
![woof coin price prediction price chart](https://academy.moralis.io/wp-content/uploads/2023/08/What-is-WOOF-Coin-Analyzing-the-WOOF-Token-from-WoofWork.io-price-prediction-1024x497.jpg)
In fact, the mission’s improvement will play an necessary half in the way forward for the WOOF token value. If the Shibarioum community launches quickly and the mission delivers on all its guarantees, the token’s value ought to replicate that. In that case, $WOOF may set its new ATH.
This transfer would additionally put the token within the price-discovery area. So, to get some tangible value ranges, we will use the Fibonacci retracement device. And essentially the most optimistic stage (the “4.236” extension) that this device offers us with factors to $0.017-ish. That’s about 51x above the present $WOOF value.
Whereas that speculative value appears reasonably excessive, contemplating that the typical altcoin tends to extend in worth by 50-70x throughout a bull run, it’s not in any respect unattainable.
In any case, the WOOF crypto’s present market cap is simply $2.61 million. So, even a 51x enhance would nonetheless put this asset’s market cap simply above $133 million. And everyone knows that profitable initiatives usually cross the $1 billion mark. In fact, the query stays whether or not or not the WoofWork mission has what it takes to be that profitable.
![Should-you-buy-the-WOOF-token](https://academy.moralis.io/wp-content/uploads/2023/08/Should-you-buy-the-WOOF-token.jpg)
Ought to You Purchase $WOOF?
The above sections gave you various data to work with. In reality, the above sections ought to be greater than sufficient so that you can resolve whether or not or not $WOOF deserves your consideration additional.
If not, you must neglect about this mission and transfer on to different altcoins alternatives. In any case, there are numerous different present and new tokens with excessive potential. Plus, in 2023, you need to use Moralis Money’s important function – Token Explorer – to search out the perfect altcoin alternatives at any given second.
Nonetheless, when you resolve that WOOF is worthy of your consideration, then you definately must analysis this mission and its token additional. And there’s no higher place to do this than the Moralis Cash WoofWork.io ($WOOF) token web page.
On that web page, you will discover all of the hyperlinks, sources, and instruments that can enable you to reply the above query. Plus, when you come to the conclusion that you should purchase $WOOF, this web page may also enable you to 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 dropping 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 lots of locations the place you should purchase $WOOF. Nonetheless, when you hit the “Purchase $WOOF” button on the mission’s web page, it would direct you to Uniswap.
However because you’ll already be utilizing the Moralis Cash token web page for WoofWork, you possibly can take a user-friendlier path to purchase $WOOF. In any case, there’s an instant crypto swap function on the prime of that web page:
![Where-to-buy-$WOOF](https://academy.moralis.io/wp-content/uploads/2023/08/Where-to-buy-WOOF.jpg)
The latter already consists of the WOOF token because the goal forex, so it eliminates the chance of touchdown on a improper buying and selling pair. Plus, because of the ability of the 1inch aggregator, this path additionally ensures you get the perfect out there value.
What’s WOOF Coin? Analyzing the WOOF Token from WoofWork.io – Key Takeaways
- The WoofWork crypto mission 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 reside but; nonetheless, the WOOF coin is.
- The WOOF token lives on the Ethereum chain and follows the ERC-20 token customary. As soon as the Shibarium community goes reside, the mission plans to transition the WOOF forex to that layer-2 community.
- The value of $WOOF is at present buying and selling close to the asset’s lows. So, if the mission delivers what it guarantees, these ranges might turn into an incredible entry.
- In case you are excited about shopping for $WOOF, you should use Moralis Cash to DYOR additional.
- Moralis Cash’s $WOOF web page may also enable you to get the timing proper. Plus, additionally it is arguably the perfect place to purchase WOOF.
Whether or not you find yourself shopping for $WOOF or not, you should think about different altcoin alternatives. The perfect device to find tokens before they pump is dropped at you by Moralis Money!
You can begin utilizing Moralis Cash’s Token Explorer without cost. Nonetheless, if you’re searching for the last word edge, you ought to think about choosing the Starter or Pro plans. They unlock decrease timeframes and highly effective alert options that can help you be among the many first to identify tokens which might be gaining on-chain momentum.
In reality, most of the Moralis Cash Strater and Professional customers have been making unimaginable good points with tokens like SDEX, BOBO, DUST, MTE, $BITROCK, POP, and plenty of others. So, use Moralis Cash and find up-and-coming crypto alternatives in the present day!
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