DODO is a DeFi protocol and on-chain liquidity provider whose proactive market maker (PMM) algorithm aims to deliver better liquidity and price stability than automated market makers (AMM).
DODO to USD pricing is updated in real-time. In the last 24 hours, DODO has lost 1.78 percent of its value. With a live market cap of $230,373,348 USD, the current CoinMarketCap ranking is #266. There are 110,551,965 DODO coins in circulation, with a maximal quantity of 1,000,000,000 DODO units.
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DODO also provides new crypto projects with a free ICO listing through its Initial DODO Offering (IDO), which requires issuers to only deposit their own tokens.
DODO's smart contract functions as an ERC20 token on the Ethereum virtual machine.DODO also invites new cryptocurrency projects by allowing them to list for free as an Initial DODO Offering (IDO).
The root cause of a smoother range of cost slope, the team is confident enough to claim that its PMM method holds the potential of beating AMM opponent to Uniswap's cost.
The PMM pricing mechanism utilized in the development of this system uses oracles to acquire very precise market values for assets, simulating human trading. It then provides adequate liquidity near these prices to stabilize liquidity providers' (LP) portfolios, reduce price slippage, and eliminate temporary loss by rewarding arbitrage trading.
DODO positions itself as one of the most competitive liquidity providers, offering extremely low transaction costs and price slippage via its PMM algorithm, which was initially conceptualized in April 2020.
Dodo was formally launched in August 2020 by Diane Dai, Radar Bear, and an unnamed development team. It received a $600,000 seed investment headed by Framework Ventures.
In September 2020, the team announced that it has closed a $5 million private sale funding round headed by Pantera Capital, Binance Labs, and Three Arrows Capital.
DODO provides sufficient liquidity comparable to that of centralized exchanges (CEX) for traders, which may be natively used by smart contracts for on-chain operations such as liquidation and auctions. Price disparities between DODO and other exchanges can potentially be used by arbitrageurs.
DODO does not require quote tokens, and IDO projects just require the tokens to be deposited to the trading platform, soon after that, the PMM produces its own ask-side depth, unlike AMM protocols.
A project merely has to set the oracle price to a constant to begin an IDO. Depositing additional quotation tokens improves liquidity.
DODO is now available for trading on MXC.com, L Bank, and BiKi, as well as decentralized exchanges (DEX) such as Uniswap V2, Mooniswap, and Dodo.
The DODO token has a one-billion-unit supply (1,000,000,000). There are 12 million coins in circulation right now.
The fact that DODO is a decentralized protocol, it is immune to centralized network assaults that rely on a single point of failure. On July 10th, 2020 the smart contracts of DODO were audited by PeckShield a renowned blockchain security organization.
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact DODO’s price and market cap.
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it's wide enough to quote that DODO DODO tokens have been upgraded to a new all-time high translation volume of almost $2.08 U.S Dollars per token.
Hence the future of trading with diverse investment options and benefit-availing deals has just begun.
DODO DODO Official Website –https://dodoex.io/
DODO DODO Twitter –https://twitter.com/BreederDodo
DODO DODO Reddit –https://reddit.com/r/DodoEx
DODO DODO Medium –https://medium.com/@dodo.in.the.zoo
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