NEAR Foundation and WOO Network Announced $5 million Token Swap

TokenInsight news, the NEAR Foundation and WOO Network, a liquidity market maker agreement, have jointly announced the completion of a $5 million token swap partnership with a 5-year unlock period for the tokens in the partnership. The partnership will position WOO Network as one of the key builders of the NEAR ecosystem and will leverage its strengths as the industry's leading liquidity network to accelerate the building of NEAR's financial infrastructure. It is understood that for WOO Network, $NEAR will be pledged and become part of the balance sheet of the newly formed WOO DAO, used by WOODAO to manage a treasury of 300 million $WOO, which will be used to accelerate the growth of the network.