Beginner
Intermediate
Advanced

DODO is now listed on Cryptology!

January 19, 2024
•

📈 Spot trading of DODO/USDT

What is DODO?

DODO is an automated market maker (AMM), but with a slight kick!

It is known as a proactive market maker (PMM) that offers better liquidity and stability for asset prices.

Liquidity providers on the DeFi protocol DODO have their portfolio stabilized thanks to the PMM pricing mechanism that uses oracles to strip market data on assets traded by humans.

The main products on DODO’s protocol is:

  • DODO X - Exchange your crypto assets cross chain.
  • Pools - Create and contribute to liquidity pools.
  • Mining - Liquidity mining.
  • Launchpad - Perfect for new projects looking for exposure and funding. 

Users are also able to launch their very own token via DODO. It’s simple - pay the fee in ETH, add the token’s credentials and connect your wallet to get launched.

Users can create their own trading pairs and add their tokens into liquidity to earn rewards. 

Interestingly too the smart contracts that operate DODO protocol are created as an ERC-20 token via the Ethereum blockchain.

DODO also has its own Decentralized Autonomous Organization (DAO) where users can govern the protocol. The DAO is made up of DODO Improvement Proposals (DIPs) which are held and voted for on the DODO Snapshot Portal page.

‍

The DODO token

The native token DODO token is called DODO.

Users can earn DODO from providing liquidity to pools with fees being distributed out in the token.

It is also used as a governance token for the DAO. 

Tokenomics:

  • 15% - Team/future hires/advisors
  • 16% - Investors
  • 1% - Initial liquidity provision (IDO)
  • 8% - Operations/marketing/partnerships
  • 60% - Community incentives

DODO’s market stats:

  • Current market cap: $113,605,399
  • Circulating supply: 614,617,713 DODO
  • Max supply: 1,000,000,000 DODO
  • Twitter: 264,949 followers 

‍

Trade DODO

Connect with us

Twitter

Facebook

Telegram

YouTube


Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

‍

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.