January 2021: Introduced Crowdpooling, an equal opportunity liquidity offering.February 2021: Released the DODOnomics v2 and introduced vDODO token.DODO tokens can be staked to mint vDODO, which are non-transferable tokens that serve as proof of membership in DODO’s loyalty program. The DODO token is a governance token which also grants holders trading fee discounts and Crowdpooling/IDO allocations on the platform. DODO also introduced Crowdpooling, a permissionless, equal opportunity liquidity offering, as well as customizable technical solutions geared towards professional on-chain market makers. In addition, DODO removes roadblocks hindering liquidity pool creation for the issuance of new assets such as asset ratios, liquidity depths, fee rates, and other parameters that can be customized and configured in real-time. The trading platform also offers SmartTrade, a decentralized liquidity aggregation service that routes to and compares various liquidity sources to quote the optimal prices between any two tokens. The total supply of DODO is 1,000,000,000 and the circulating supply upon listing on Binance will be ~14%.ĭODO is a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC).ĭODO features capital-efficient liquidity pools that support single-token provision, reduced impermanent loss, and minimized slippage for traders.The project has raised 5.6MM USD from a seed round sale and a private round sale, where 16.00% of the DODO total token supply has been sold at 0.01 USD / DODO and 0.05 USD / DODO respectively.Mining: DODO platform users can earn DODO token rewards by engaging in liquidity mining, trade mining, and Combiner Harvest mining, which are geared towards liquidity providers, traders, and pool creators respectively.Pools: Pools give liquidity providers the flexibility to create and manage their own on-chain market making strategies in a fully permissionless, non-custodial manner.Crowdpooling attempts to eliminate the chances of front-running or bot interference. Crowdpooling: An equal opportunity way to distribute tokens and kick-off liquidity markets.SmartTrade trading and aggregation: Built on Ethereum and BSC, DODO enables trading between two arbitrary tokens on the same network, with SmartTrade intelligently finding the best order routing from aggregated liquidity sources to give traders the best prices.DODO’s product has the following major features:.Minting vDODO: Users can stake their DODO tokens to mint vDODO tokens in order to receive additional membership rewards and dividends from trading fees.Trading Fee Discounts: DODO token holders receive trading fee rebates when trading on the platform.Staking: Users can receive additional DODO rewards by staking their DODO tokens.Crowdpooling & IDO Allocations: DODO token holders receive allocations to participate in Crowdpooling & IDO campaigns on the platform.
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