DODO

What is DODO?

DODO is the native token of DODOEx, which represents cross-chain decentralized exchange (DEX) and liquidity aggregator. View the DODO price chart above to see the current DODO price.

For traders DODOEx provides sufficient liquiditycomparable to the amount provided centralized exchanges (CEX). Liquidity can be used for transactions such as liquidations and auctions. Moreover, thanks to its unique PMM algorithmDODOEx provides arbitrageurs with an advantageous price differential compared to other exchanges.

What is PMM? Instead of implementing AMM technology, like most DEXs, DODOEx uses proactive market maker (PMM) algorithm. PMM has a pricing mechanism that uses oracles which collect up-to-date information on the prices of crypto assets. The liquidity providers’ portfolios are then stabilized by providing sufficient liquidity in accordance with these prices. If prices change, liquidity is automatically adjusted.

In addition, since PMM allows arbitrage tradingthis eliminates the risk of volatile losses and also reduces price slippage and exposure to single risk.

It is also worth noting that DODO provides new projects free crowdfunding opportunity through your custom I DO called “DODO Initial Proposal”. It differs from traditional IDOs owned by AMM-based DEXs in that projects just need to list their tokens on DODOExas opposed to depositing project tokens and quote tokens into liquidity pools.

The DODO platform also offers DODO vending machine, which essentially allows anyone to create their own trading platform. It simplifies the process of creating markets and distributing tokens, allowing users to easily create their own liquidity markets for their assets.

Finally, please note that liquidity providers (LPs) on DODOEx have greater freedom of choice as well as other benefits. This is because there is no minimum liquidity deposit and no restrictions on the type of assets to provide liquidity. Additionally, to eliminate price risks, LPs can deposit their own tokens. In addition to this, they can create new trading pairs. Except, LPs are rewarded with DODO tokens. for their contribution to the development of the platform.

Who founded DODO?

Since the founders of the DODO crypto project preferred to remain anonymous, they use pseudonyms Diane Dye and Radar Bear.

Options for using DODO tokens

The main use case for DODO tokens is control. This means that DODO holders have the right to determine the future direction of the DODO crypto project. To participate in the governance process, users must convert their tokens into vDODO tokens (1 vDODO is equal to 100 DODO). In addition to providing governance rights, vDODO also provides other benefits to token holders. In addition, they receive dividends from trading commissions.

vDODO can be converted back to DODO, however there is exit fee you have to pay for it. The commission is distributed among DODO holders.

In addition to governance, DODO tokens provide holders with discounts on trading commissions and IDO deductions. Moreover, they are also accustomed stimulate the community. For example, the project has Referral program, which rewards users for inviting their friends to join the network. Those invited also receive rewards, so it’s not just those who invite who benefit. New users receive 12 DODO tokens as a reward for every block created during the first week.

Don’t forget to take a look at the current DODO price shown on the DODO price chart.

Tokenomics of DODO

The maximum supply of DODO coins is 1 billion. DODO token has been released Binance in February 2021. Traders were able to farm it by staking BNB, BUSD, and BETH tokens in Binance liquidity pools.

It is also worth noting that DODO received Initial investment of $600,000 in August 2020 when it was launched. Then, later in September, he also received a massive $5 million investment from a group of venture funds led by Binance Labs, Three Arrows Capital and Pantera Capital.

New DODO tokens are mined through Trade mining function. Essentially, as the name suggests, users mine DODO coins by trading digital assets on the platform. By activating this feature, traders will be able to receive 1% of DODO tokens from prize pool dedicated to Trading Mining. Although DODO tokens can also be purchased. If you plan to do this, be sure to analyze the above DODO price chart to see the current (and previous) DODO price.

Speaking of DODO’s distribution, 60% of the total supply was allocated to incentivize the community. The remainder was distributed among the core team, consultants, investors and future employees, as well as allocated for operational, marketing and partnership purposes.