Building on Ethereum and the Binance Smart Chain, the decentralized exchange DODO crypto intends to increase the accessibility of DeFi liquidity. DODO employs its own proactive market maker algorithm as opposed to many other DEXs, which use an automated market maker methodology. In contrast to AMM DEXs, DODO claims that their PMM approach offers more price stability and liquidity.
A Comprehensive Review of Dodo Crypto – 2023
The platform has many significant and useful features. Without the dangers of frontrunning or bot involvement, the Crowdpooling functionality enables projects to launch liquidity marketplaces and distribute tokens in an equal-opportunity manner. The platform’s initial DODO offering function also allows new projects to raise money with a free listing.
However, the flexibility of the Pools feature of DODO allows liquidity providers to design and control their own market-making techniques. Users can also profit from mining, to sum it all up. Trading mining is an alternative to traditional liquidity mining, and Combiner Harvest mining is an alternative to the mining of pools and liquidity providers.
The platform’s utility token in BEP-20 and ERC-20 is called DODO crypto. It is employed for platform governance, staking, taking part in Crowdpooling and IDOs, and paying miners and stakeholders. Having DODO also entitles you to reduced trading fees and the ability to mint vDODO, which offers additional membership perks and income from trading fees.
What is vDODO?
The governance token DODO and the membership certificate vDODO make up the dual token concept that underpins the DODO token economy. The following is how DODO and vDODO are related:
- You can create 1 vDODO by pledging 100 DODO tokens.
- A “redemption fee” must be paid in order to exchange vDODO into DODO tokens.
At this time, DODO coins have been released on Ether, BNB, Arbitrum, and Aurora, the four major chains. The overall supply of tokens is constant.
History of Dodo Crypto
DODO, which debuted in August 2020, is a new player in the DeFi scene. Radar Bear and Diane Dai, who both use aliases, are the platform’s primary developers and founders. The other members of the Chinese development team are unidentified.
DODO received $600,000 in seed funding from Framework Ventures in August 2020. In September 2020, DODO received a $5 million fundraising round from Binance Labs, Pantera Capital, and Three Arrows Capital a month later. Major actors in the cryptocurrency field, including Coinbase Ventures, Alameda Research, Galaxy Digital, and CMS Holdings, were drawn to DODO in the subsequent private sales as well.
Tokenomics
The DODO team has always seen growth and value capture as essential to the architecture of any token economy. That’s why $DODO, DODO’s native token, was built with these goals in mind. It also serves as the governance token for DODO.
In order to expand the platform and community, the DODO Team gives away a lot of DODO tokens via affordable incentive campaigns. The most devoted DODO community members receive DODO tokens, which are used to fully exploit the platform’s potential. Up to 60% of the total quantity of DODO tokens will be reserved for community incentives.
On the other hand, Dodo crypto is trading at 0.1544 at the time of writing, according to CoinMarketCap data. The token price has increased by 25.70% in the last 24 hours.
Roadmap
Dodo crypto’s to-do list is as follows:
Q4 2022
- Cross-chain Bridge
- DODO Trading Widget
- Limit Order V1.1
- UI notification system
Q1 2023
- DODO Developer Gateway
- DODO Trading Widget Revenue Sharing Feature
Q2 2023
- UI/UX Upgrade
- Limit Order V2
Q3 2023
- Cross-chain Trading Widget
- DODO V3 Pool Mode
- Deploy on scroll (testnet)
Q4 2023
- LSD Mixed-Asset Pool
- Deploy on Scroll mainnet
The platform last completed its Q2 2023 targets. It intends to complete the remaining targets before the end of this year.
Leave a comment