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DODO

DODO

DODO
#541
$0.01838Up 1.39 percent($0.00)

Key Stats

Market Cap$18.39MUp 1.39 percent
Volume (24h)$5.12M
Fully Diluted Value$18.31M
Vol/Mkt Cap (24h)27.85%
Total Supply995.99M DODO
Max Supply∞
Circulating Supply1.00B DODO
Launch Date2020-09-29

DODO Information

Websites
dodoex.ioWhitepaper
Industries
DeFi

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About DODO

DODO is the native token of the DODO platform, used for governance voting, staking, and receiving trading fee dividends. The DODO platform is a decentralized exchange (DEX) that uses the PMM algorithm for on-chain and contract-fillable liquidity. It also offers a token issuance solution, DODO Vending Machine, and a crowdpooling feature. DODO was created by Diane Dai, Radar Bear, and an individual known as “Lei”.

Frequently Asked Questions

DODO is both a decentralized exchange (DEX) and a native utility token within that ecosystem. The DODO platform leverages the Proactive Market Maker (PMM) algorithm to offer on-chain and contract-fillable liquidity. This sets it apart from traditional Automated Market Makers (AMMs), which commonly use constant product formulas. The PMM algorithm is engineered to be more capital-efficient and to minimize impermanent loss, thereby providing better price quotes.

The platform also features additional services like the DODO Vending Machine for token issuance and a crowdpooling feature, which serves as a decentralized Dutch auction service. Designed to cater to both experienced traders and newcomers, the DODO platform aims to be user-friendly and versatile.

DODO tokens have a multi-faceted role within the ecosystem. They are used for governance voting, which allows token holders to participate in decisions about trading fees, default slippage rates, asset listings, and other platform parameters. In addition to governance, DODO tokens can be staked and holders can receive dividends from trading fees generated on the platform. The platform itself offers unique features like contract-fillable liquidity through its PMM algorithm and additional tools for token issuance and crowdpooling.

The DODO platform was co-founded by Diane Dai, Radar Bear, and an individual known only as "Lei." Diane Dai has a background in financial engineering and quantitative trading, Radar Bear brings experience in blockchain engineering, and Lei specializes in product development. The timeline of DODO's creation is not specified.