![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’ll deal with these and plenty of different questions. Now, earlier than we dedicate our consideration to the WOOF coin, its tokenomics, and use instances, we’ll make sure you perceive the ins and outs of the WoofWork crypto challenge. As we discover this challenge extra in-depth, we’ll additionally look at the challenge’s roadmap and neighborhood.
After guaranteeing you’re properly acquainted with this challenge, we’ll analyze the WOOF token and deal with the $WOOF worth motion. You’ll study the place the token has been and what the primary ranges of help and resistance are. Plus, we may even supply some speculative WOOF coin worth predictions.
With all this data 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 Money gives 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 vital to notice that whereas the challenge and its WOOF coin are formally stay, the platform itself is within the making. Moreover, the WoofWork crypto challenge goals to turn into a number one freelance market the place of us can discover Web3 gigs and jobs and earn in crypto. That is additionally the place the challenge’s “Work in Crypto, Earn in Crypto” tagline comes into play.
In response to the knowledge 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 challenge’s About web page additional outlines what makes WoofWork extra enticing than different freelance marketplaces. With its three core benefits, it lists the truth that WoofWork is on the market worldwide, provides the very best 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 challenge 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 Venture
One of many core fundamentals of the WoofWork crypto challenge is its goal to create a crypto-friendly freelance platform. Plus, the plan to initially goal the Web3 realm additionally makes quite a lot of sense as these customers are those who’re most probably already aware of how crypto works and would, due to this fact, be concerned 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 challenge really outlines a number of facets through 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 completely different restrictions (purposes required and nation restrictions), WoofWork will likely be permissionless and accessible worldwide.
- Cost Strategies of the Future – Each conventional freelance platforms solely settle for fiat, whereas WoofWork goals to help a whole bunch of cryptocurrencies.
- Decrease Platform Charges – In response to WoofWork, Upwork and Fiverr have charges that attain as much as 20%. Nonetheless, WoofWork plan to remain within the 0%-5% area.
- Service Charges – Resulting from fiat processing strategies, each Fiverr and Upwork have a minimal 5% course of price. 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 – In contrast to conventional freelance platforms, the place KYC is required, WoofWork is not going to have such necessities.
- Dispute Decision – Disputes on the WOOF crypto platform will likely be resolved in a decentralized method.
- Login – Customers gained’t want to supply their emails; their Web3 wallets will deal with the login course of.
- Decentralized Escrow (DEscrow).
- New Methods to Rent – On WoofWork, customers will be capable to rent “WoofWorkers” or select a “WoofPack.”
- Providers – Whereas the WOOF crypto platform plans to initially focus extra on Web3 providers, it goals to help all varieties of providers.
- Governance – The imaginative and prescient of this Web3 freelance community is to ascertain a DAO that may govern the platform.
WoofWork Collaborations and Integrations
One other vital side of the basic evaluation (FA) is trying on the initiatives with which WoofWork integrates. You’ll find 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 stay. As such, the challenge’s roadmap is sort of vital. 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 challenge is at present someplace between phases two and three.
The next picture of the WoofWork ecosystem (a.okay.a. WoofVerse) may additionally offer you an extra overview of the place the challenge 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 challenge’s options will not be stay but, together with Wooferral Program, WoofBurns, POW Staking, and Woof NFTs, you may already interact with the colourful WoofWork neighborhood. The latter is named WoofPack and is designed to carry of us captivated with 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 challenge makes use of varied channels, together with Discord, Twitter, Telegram, Medium, and YouTube, to create and foster a robust neighborhood. If you wish to try these channels, we advocate accessing them through the challenge’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 “Group” possibility. As soon as on that web page, you’ll see hyperlinks to the entire aforementioned shops:
![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 challenge plans to create its personal DAO performing as governance, which will likely be known as Woof DAO. Furthermore, this will likely be one other utility for the WOOF token.
As for the challenge’s core crew, 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 crew just isn’t doxxed; nevertheless, you will discover @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 normal and lives on the Ethereum blockchain. This fungible token went stay on January 31, 2023, when its builders executed the minting transaction.
It’s additionally price noting that in response to the knowledge on the challenge’s official web site, the WOOF coin will migrate to the Shibarium community as soon as the latter goes stay.
![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:
- Venture 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 challenge 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 Instances of the $WOOF Token
For the reason that WoofWork crypto platform just isn’t stay but, the core use instances of the WOOF token haven’t come to fruition but. So, on the time of writing, you may 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 take pleasure in 0% platform charges.
- WoofBosses will get to stake $WOOF. Those that achieve this 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 – will probably be used for listings on WoofWork.
- The WOOF crypto token may even turn into the governance token of the Woof DAO.
WOOF Coin Value 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 each day chart clearly signifies the value 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 important ranges of help and resistance.
$WOOF listed on February 1, 2023, at $0.0004529 and went on an honest 300%-plus run throughout the first 5 hours of buying and selling. The next 20 hours introduced on a virtually 60% correction; nevertheless, 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 worth. 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 Value Prediction
The above-outlined chart additionally signifies that the WOOF’s backside is most probably in. So, if the complete crypto market exhibits indicators of power, $WOOF may begin transferring by way of its ranges of resistance. As such, the above blue traces signify the most probably worth predictions on the token’s method to its ATH. Furthermore, probably the most important 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)
After all, the challenge’s improvement will play an vital half in the way forward for the WOOF token worth. If the Shibarioum community launches quickly and the challenge delivers on all its guarantees, the token’s worth ought to mirror 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 worth ranges, we are able to use the Fibonacci retracement software. And probably the most optimistic stage (the “4.236” extension) that this software gives us with factors to $0.017-ish. That’s about 51x above the present $WOOF worth.
Whereas that speculative worth 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 inconceivable.
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 sometimes cross the $1 billion mark. After all, the query stays whether or not or not the WoofWork challenge 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 numerous data to work with. In reality, the above sections must be greater than sufficient so that you can determine whether or not or not $WOOF deserves your consideration additional.
If not, you must overlook about this challenge and transfer on to different altcoins alternatives. In any case, there are numerous different present and new tokens with excessive potential. Plus, in 2023, you should use Moralis Money’s principal characteristic – Token Explorer – to seek out the very best altcoin alternatives at any given second.
Nonetheless, in case you determine that WOOF is worthy of your consideration, then you definately must analysis this challenge and its token additional. And there’s no higher place to do this than the Moralis Cash WoofWork.io ($WOOF) token web page.
On that web page, you will discover all of the hyperlinks, sources, and instruments that may enable you to reply the above query. Plus, in case you come to the conclusion that you can purchase $WOOF, this web page may even 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 worth motion, it is possible for you to to enter your place on the proper time.
So, observe the above hyperlink to entry the WOOF web page, or just use the interactive widget beneath.
The place to Purchase the WOOF Coin?
When you go to the “Exchanges” part on the woofwork.io web site, you’ll see that there are a lot of locations the place you should buy $WOOF. Nonetheless, in case you hit the “Purchase $WOOF” button on the challenge’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 may take a user-friendlier path to purchase $WOOF. In any case, there’s an instant crypto swap characteristic on the prime of that web page:
![Where-to-buy-$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 foreign money, so it eliminates the danger of touchdown on a fallacious buying and selling pair. Plus, because of the facility of the 1inch aggregator, this path additionally ensures you get the very best accessible worth.
What’s WOOF Coin? Analyzing the WOOF Token from WoofWork.io – Key Takeaways
- The WoofWork crypto challenge 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 stay but; nevertheless, the WOOF coin is.
- The WOOF token lives on the Ethereum chain and follows the ERC-20 token normal. As soon as the Shibarium community goes stay, the challenge plans to transition the WOOF foreign money to that layer-2 community.
- The worth of $WOOF is at present buying and selling close to the asset’s lows. So, if the challenge delivers what it guarantees, these ranges might change into an important entry.
- In case you are concerned about shopping for $WOOF, it’s essential to use Moralis Cash to DYOR additional.
- Moralis Cash’s $WOOF web page may even enable you to get the timing proper. Plus, it is usually arguably the very best place to purchase WOOF.
Whether or not you find yourself shopping for $WOOF or not, it’s essential to think about different altcoin alternatives. One of the best software to find tokens before they pump is dropped at you by Moralis Money!
You can begin utilizing Moralis Cash’s Token Explorer free of charge. Nonetheless, in case you are on the lookout for the final word edge, you ought to think about choosing the Starter or Pro plans. They unlock decrease timeframes and highly effective alert options that will let you be among the many first to identify tokens which can be gaining on-chain momentum.
In reality, most of the Moralis Cash Strater and Professional customers have been making unimaginable features with tokens like SDEX, BOBO, DUST, MTE, $BITROCK, POP, and plenty of others. So, use Moralis Cash and find up-and-coming crypto alternatives right now!
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