Exchange DODO

DODO is a decentralized exchange (DEX) platform that utilizes the Proactive Market Maker (PMM) algorithm to provide on-chain liquidity. It was founded by Diane Dai, Mingda Lei, and Qi Wang, and officially launched on August 25, 2020.

Up-to-date DODO news

• July 23, 2024: The DODO community approved a proposal to allocate 10 million DODO tokens to incentivize BTC trading pairs on select chains, aiming to enhance liquidity and attract significant trading volume.
• April 24, 2024: DODO initiated a governance vote to migrate 200 million DODO tokens to the DODO Chain and redirect future protocol revenues to the treasury, marking a significant step towards decentralization.
• June 4, 2024: DODO experienced a 7.39% price surge, reaching $0.2191, attributed to the surpassing of $700 million in Total Value Locked (TVL) on DODOchain and ongoing platform innovations.
• January 17, 2025: DODO's current price is $0.1394, with a market cap of approximately $101.15 million and a 24-hour trading volume of $9.52 million.
• January 10, 2025: DODO announced plans to integrate with additional blockchain networks to expand its liquidity pools and user base, demonstrating a commitment to cross-chain interoperability.

Tokenomics of DODO

DODO operates on the Ethereum blockchain and issues the DODO token to facilitate governance, staking, and participation in its Crowdpooling and Initial DEX Offerings (IDOs). The total supply of DODO tokens is 1 billion, distributed as follows:

• 15% allocated to the team, new hires, and advisors
• 16% allocated to investors
• 1% allocated for initial liquidity provision (IDO)
• 8% allocated for operations, marketing, and partnerships
• 60% allocated to community incentives

Key features of DODO (DODO)

DODO distinguishes itself in the decentralized finance (DeFi) space through several innovative features:

• Proactive Market Maker (PMM) Algorithm: Utilizes oracles to gather accurate market prices, providing sufficient liquidity close to market prices and reducing slippage.
• SmartTrade: Facilitates trades between tokens on the same network by finding the best order routing from aggregated liquidity sources, ensuring optimal prices for traders.
• Crowdpooling: Allows projects to initiate liquidity markets and distribute tokens equitably, minimizing risks of frontrunning or bot interference.
• Initial DEX Offerings (IDOs): Enables new projects to raise funds with a free listing, promoting diverse token offerings on the platform.

Use cases for DODO

• Trading: Users can trade a variety of tokens with low slippage and competitive pricing.
• Liquidity Provision: Liquidity providers can deposit assets to earn fees, benefiting from the PMM algorithm's efficiency.
• Token Launches: New projects can utilize DODO's Crowdpooling and IDO features to distribute tokens and establish liquidity.
• Arbitrage Opportunities: Traders can exploit price differences between DODO and other exchanges, facilitated by the platform's accurate pricing.

The average fees on the DODO Network

DODO's PMM algorithm ensures highly accurate market prices and low fees. While specific gas fees can vary based on network conditions, DODO aims to provide a cost-effective trading experience compared to traditional Automated Market Maker (AMM) protocols.

The DODO token wallets

DODO tokens can be stored in various compatible wallets, including:

• MetaMask: A widely used browser extension wallet supporting Ethereum-based tokens.
• Ledger: A hardware wallet offering secure offline storage for cryptocurrencies.
• Trust Wallet: A mobile wallet providing support for multiple cryptocurrencies and tokens.
• Coinbase Wallet: A user-friendly mobile wallet with support for Ethereum-based assets.
• Binance Chain Wallet: A browser extension wallet supporting Binance Chain and Ethereum networks.

These wallets ensure secure storage and easy access to DODO tokens for various transactions.

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