With the DODO Exchange, you can easily trade and manage your digital assets and take advantage of the booming DeFi sector. This guide will explain what the DODO Exchange is, how it works, and why you should use it.
It also covers some of the features of DODO Exchange, as well as the advantages and disadvantages of using it. Whether you are a beginner looking to get started in DeFi or an experienced trader seeking to increase your profits, this guide will help you understand the DODO Exchange and decide if it’s right for you.
What is DODO Exchange?
The Birth of DODO Exchange
DODO Exchange was launched in August 2020 as a decentralized exchange and on-chain liquidity provider. It was conceived with the aim of addressing the limitations of existing DEXs and introducing a more efficient and innovative approach to decentralized trading. The team behind DODO recognized the need for improved liquidity, reduced impermanent loss, and minimized slippage, which are key challenges faced by traders and liquidity providers on platforms like Uniswap.
The Proactive Market Maker (PMM) Algorithm
At the core of DODO Exchange is its revolutionary Proactive Market Maker (PMM) algorithm. Unlike the traditional Automated Market Maker (AMM) model used by most DEXs, the PMM algorithm is designed to adapt to changing market conditions and respond to liquidity constraints in real time. This unique approach allows DODO Exchange to provide better liquidity and price stability, ultimately improving the trading experience for users.
The Ethereum Network and Beyond
DODO Exchange operates on the Ethereum network as an ERC-20 token, facilitating the trade of a wide range of cryptocurrencies and even non-fungible tokens (NFTs). However, the platform is not limited to Ethereum alone. DODO is also compatible with other blockchains such as Binance Smart Chain (BSC), expanding its reach and ensuring accessibility for users across different networks.
How Does the DODO Work?
The DODO decentralized exchange is designed to solve the challenges of the current centralized financial ecosystem by creating a decentralized and transparent network for digital asset exchange. It utilizes a distributed order book to create a liquid and efficient network for users.
The exchange is built on the Ethereum blockchain and is fully open source, allowing for complete transparency and peer-to-peer exchange. With the DODO Dex, you can easily exchange your digital assets, trade derivatives, and access liquidity. The DODO Exchange is a peer-to-peer network built on the Ethereum blockchain, where users can exchange financial products, trade derivatives, and access liquidity.
It’s a secure, reliable, and efficient way to exchange cryptocurrencies and digital assets with other users. With the DODO Exchange, you can easily trade and manage your digital assets and take advantage of the booming DeFi sector.
What Features Does the DODO Offer?
DODO Exchange offers a range of features that set it apart from other DEXs. Let’s explore some of its key functionalities:
- On-Chain Liquidity Provision: DODO Exchange leverages second-generation liquidity provision technology, enabling the creation of on-chain, contract-fillable liquidity. This means that users can enjoy seamless trading experiences with ample liquidity, similar to centralized exchanges.
- Liquidity Protection and Impermanent Loss Mitigation: One of the major concerns for liquidity providers on DEXs is impermanent loss. DODO Exchange addresses this issue by providing liquidity protection mechanisms and reducing impermanent loss through its PMM algorithm. This ensures that liquidity providers can earn rewards without significant loss in the value of their assets.
- Initial DODO Offering (IDO): DODO Exchange offers a unique IDO feature that allows new crypto projects to list their tokens on the platform. Unlike other DEXs that require quote tokens, DODO only requires the project’s own tokens to be deposited into the liquidity pool. This eliminates the need for complicated token pairing and provides a streamlined process for new projects to raise funds and gain exposure.
- Customizable Market-Making Strategies: DODO Exchange empowers liquidity providers to create and manage their own market-making strategies. Through the DODO Vending Machine and DODO Private Pool, users can customize various parameters to establish liquidity markets with pricing curves that suit their specific needs. This flexibility allows for efficient market-making and optimal utilization of funds.
- Enhanced Trading Experience: With DODO Exchange, traders can enjoy a seamless and efficient trading experience. The platform offers sufficient liquidity comparable to centralized exchanges, allowing for the smooth execution of trades. Furthermore, arbitrageurs can take advantage of price differences between DODO Exchange and other platforms, maximizing their trading opportunities.
Advantages of Using the DODO Exchange
DODO Exchange presents several advantages over its competitors, positioning it as a strong contender in the world of DEXs. Let’s explore some of the key advantages that set DODO apart:
- Improved Liquidity and Price Stability: The PMM algorithm employed by DODO Exchange aims to provide better liquidity and price stability compared to traditional AMMs. By dynamically adjusting liquidity based on market demand, DODO ensures that there is always sufficient liquidity available for traders, reducing price slippage and improving overall trading experiences.
- Mitigation of Impermanent Loss: Impermanent loss is a common concern for liquidity providers on DEXs. DODO Exchange addresses this issue by offering liquidity protection mechanisms and reducing impermanent loss through its innovative PMM algorithm. This provides an attractive proposition for liquidity providers, as they can earn rewards without significant loss in the value of their assets.
- Customizability and Flexibility: DODO Exchange stands out by offering users the ability to customize and configure various parameters for market making. Liquidity providers can create their own market-making strategies and establish liquidity markets with pricing curves that align with their specific requirements. This level of customizability empowers users and allows for more efficient market-making.
- Seamless Trading Experience: With its focus on liquidity provision and innovative market maker algorithm, DODO Exchange provides users with a seamless and efficient trading experience. The platform offers sufficient liquidity, comparable to centralized exchanges, allowing for the smooth execution of trades. Traders can take advantage of price differences between DODO Exchange and other platforms, maximizing their trading opportunities.
- Initial DODO Offering (IDO): DODO Exchange introduces a unique IDO feature that simplifies the token listing process for new crypto projects. By allowing projects to deposit their own tokens into the liquidity pool, DODO eliminates the complexities associated with traditional token pairing. This streamlined approach enables new projects to raise funds and gain exposure more efficiently.
Disadvantages of Using the DODO Exchange
While DODO Exchange offers a range of advantages, it’s important to consider the potential drawbacks before using the platform. Here are some disadvantages to keep in mind:
- Limited Asset Selection: Compared to more established DEXs like Uniswap, DODO Exchange may have a more limited selection of assets available for trading. This could restrict the choices available to traders and limit the market opportunities for liquidity providers. However, as the platform continues to grow and attract more projects, asset selection is expected to expand.
- Reliance on the Ethereum Network: As DODO Exchange is built on the Ethereum network, it is subject to the limitations and scalability issues that the Ethereum network currently faces. This includes high transaction fees and potential network congestion during periods of high demand. Traders and liquidity providers should consider these factors when using DODO Exchange and be mindful of the associated costs and potential delays.
DODO – A Revolutionary Project In The Crypto Space
Technology
DODO is a decentralized exchange protocol that is built on top of the Web3 infrastructure. Using Ethereum as the basis, DODO utilizes the Proactive Market Maker (PMM) algorithm as a decentralized exchange (DEX), based on the Binance Smart Chain. In comparison to traditional automated market makers (AMM), PMM features more capital-efficient liquidity pools. The system is aimed at supporting the provision of single tokens, reducing impermanent loss, and minimizing slippage, according to its website.
Driven by PMM: It was not until the advent of the constant function market makers (CFMMs), such as Uniswap and SushiSwap, that decentralized exchanges (DEXs) did away with order books and opted for an automated market maker instead, where assets are pooled in a 1:1 ratio. In the case of PMM, asset ratios, and curve slopes can be customized.
With PMM, the market prices of assets are retrieved using price oracles, and then the aim is to provide enough liquidity around the market price for each asset so that the risk of permanent loss is minimized by providing enough liquidity around the market price by proactively shifting the price curve. Ultimately, this method should result in a lower level of slippage.
SmartTrade trading and aggregation: The SmartTrade feature of DODO allows users to find the best order routing by aggregating liquidity sources to give them the best price for orders placed on the DODO network. DODO is built on Ethereum and BSC, so traders can trade between two arbitrary tokens on the same network.
Crowdpooling: As a result of Crowdpooling, users will be able to distribute tokens and launch liquidity markets for their tokens
Pools: The DODO Vending Machine and DODO Private Pool allow liquidity providers to design and manage their own market-making strategies. By taking advantage of this feature, users can establish liquidity markets with pricing curves that are suitable to their needs based on a permissionless, non-custodial process, with the ability to customize various parameters in the pool.
Revamped Tokenomics model DODOv2: Depending upon the number of tokens held, three user categories are targeted in the exciting DODOv2 to make it more accessible. Each of these user groups will have a vote on community governance proposals. As a result, all users are provided with an equal platform to capture the value and incentivize growth, including traders, liquidity pool creators, and liquidity providers.
In order to be able to prove your membership in DODO’s loyalty program, a new token called vDODO will be introduced. By holding these tokens, members will be able to gain dividends from trading fees, along with membership rewards. Incentives such as trader mining and combiner harvest will be provided to encourage these interactions with the DODO platform.
It is also possible to redeem vDODO tokens into DODO tokens with the payment of a variable exit fee. All remaining vDODO holders who have not exited the platform yet will be responsible for this fee.
Read: What Are Decentralized Exchanges, And How Do DEXs Work? 20 Best Decentralized Exchanges For 2023
What Makes Dodo Unique?
Dodo is a revolutionary new trading platform that makes it easier and more efficient for traders to buy and sell cryptocurrencies. What makes Dodo so unique is that it uses an Oracle-aided Proactive Market Maker algorithm. This algorithm looks at real-time market data and uses a sophisticated set of rules to intelligently match buyers and sellers.
This helps to ensure that trades are processed quickly and accurately, providing a more efficient trading experience. What’s more, Dodo also offers a suite of advanced tools to help traders make the most informed decisions. These include customizable charts, price alerts, and detailed market analysis.
With all these features, it’s easy to see why Dodo is one of the most popular trading platforms in the world. So if you’re looking for a trading platform that is fast, efficient, and reliable, look no further than Dodo.
Who Should Use the DODO Exchange?
If you are looking for a secure, reliable, and efficient way to exchange cryptocurrencies and digital assets with other users, the DODO Exchange is a great choice. It’s also a good option if you want to trade derivatives and access liquidity. You should use the DODO Exchange if you want to take advantage of the booming DeFi sector.
How to Use DODO Exchange
Getting started with DODO Exchange is relatively straightforward. Here is a step-by-step guide on how to use the platform:
- Set up a Wallet: To use DODO Exchange, you’ll need a compatible wallet that supports Ethereum and ERC20 tokens. Popular options include MetaMask, Trust Wallet, and Coinbase Wallet.
- Connect Your Wallet: Once you have a wallet set up, navigate to the DODO Exchange website and connect your wallet to the platform. This will allow you to access your funds and interact with the DODO Exchange smart contracts.
- Choose a Trading Pair: Select the trading pair you want to trade or provide liquidity for. DODO Exchange offers a range of trading pairs, including popular cryptocurrencies like Ethereum, Bitcoin, and stablecoins.
- Execute Trades: If you’re looking to trade, enter the desired amount and price for your trade. DODO Exchange will provide you with the best available market price and execute the trade on-chain.
- Provide Liquidity: If you want to become a liquidity provider, navigate to the liquidity pool section and select the pool you want to contribute to. Follow the instructions to deposit your tokens and start earning fees from providing liquidity.
Token Economics, Token Usage, Launch & Initial Token Distribution
The DODO Exchange is powered by the DODO token, an ERC-20-compliant utility token. It acts as the network’s native token and is used for all transaction fees on the exchange. The token also powers a number of other features on the network, including the creation of new financial products and services.
There will be a total of 1 billion DODO tokens, half of which will be available for purchase during the token sale. The remaining half will be retained by the creators and the DODO Foundation. The DODO token sale will launch in the third quarter of 2019. During the token sale, one DODO token will be priced at $0.10.
Where Can You Buy DODO (DODO)?
If you decide to use the DODO Exchange, the best way to purchase tokens is by purchasing them during the token sale, which will launch in the third quarter of 2019. You can also purchase tokens on centralized exchanges, such as Binance or Huobi, MXC.com, L Bank, and BiKi, as well as decentralized exchanges (DEX) like Uniswap V2, Mooniswap, and Dodo. Once you have purchased tokens, you will be able to use them to access all of the features of the exchange.
Team Behind DODO
The platform was launched in August 2020 and was conceived by the duo Dianne Dai and Radar Bear, who went by the pseudonyms Dianne Dai and Radar Bear to become a relative newcomer in the DeFi scene. In August 2020, DODO received seed funding of $600,000 from Binance Labs, Pantera Capital, and Three Arrows Capital, which was followed by a $5 million investment from the same venture funds.
In the most recent months, DODO has been gaining quite a bit of interest as private sales have drawn the attention of many major players in the crypto arena, such as Coinbase Ventures, CMS Holdings, and Galaxy Digital, to name a few.
DODO Investors
How Many DODO (DODO) Coins Are There in Circulation?
DODO is a token that is currently in circulation with a supply of 1 billion (1,000,000,000,000). The total supply of the DODO token is 1 billion (1,000,000,000). It is anticipated that DODO will distribute its total supply in the following ways:
- 15% to core team members/future hires/advisors
- 16% to early investors
- 1% to IDO
- 8% to business operations/marketing/partnerships
- 60% to community rewards
Token Economics – Important link below:
How Is the DODO Network Secured?
In addition to being a decentralized protocol, DODO’s intelligent contracts are also subject to audit by a blockchain security company, PeckShield, on July 10, 2020. Its audit report on DODO can be accessed here. Because DODO is decentralized, the protocol is resistant to attacks based on centralized networks.
In order to prevent this from happening, please keep in mind that DeFi protocols are innovative projects, which are at high risk of coding bugs and security flaws that hackers could exploit and result in money being lost.
Who Is the Founder of DODO?
Diane Dai, Radar Bear, and an anonymous development team founded Dodo in August 2020. The company initially received a $600,000 seed funding round from Framework Ventures in order to kickstart its operations. Announcing that it had successfully completed a $5 million private sale funding round, led by Pantera Capital, Binance Labs, and Three Arrows Capital, the team announced in September 2020 that it had successfully completed another round of funding.
Aside from Coinbase Ventures, Galaxy Digital, CMS Holdings, and Alameda Research, there have also been several other prominent venture capital firms, cryptocurrency exchanges, and trading firms that have also invested in the private sale round.
What Coins Can Be Traded on DODO? Supported Coins List
This project has been implemented on a number of EVM-compatible blockchains as well, such as Arbitrum, Optimism, Avalanche, and Aurora, and as such supports a wide variety of different tokens, including all the major tokens, as well as wrapped Ether and wrapped Bitcoin tokens across all of these blockchains.
When Did Dodo Launch? And Where Is DODO Located?
Based on Crunchbase, the exchange’s headquarters are listed as being located in Hong Kong, which was Dodo’s launch date in August 2020.
How Much Are DODO Fees?
Despite the fact that Dodo charges small usage fees (0.02 ETH) for the creation of new tokens, it does not disclose any information regarding the fees associated with trading.
Is It Possible to Use Leverage or Margin Trade on Dodo?
Margin trading is not currently available on the platform, but it is anticipated that leverage trading will be available in 2022 as part of the roadmap.
The DODO token
DODO token is an ERC-20 token issued on the Ethereum blockchain. It is used for providing liquidity to decentralized exchanges and is used as a governance token for the DODO Exchange. The token is used to incentivize liquidity providers, and it also serves as a medium of exchange for users of the exchange.
The use case for the DODO token is to provide liquidity to the decentralized exchange and to reward users who provide liquidity to the exchange. By providing liquidity to the exchange, users can earn rewards in the form of DODO tokens. The token also serves as a governance token, allowing users to vote on decisions related to the exchange. In this way, the DODO token provides a use case for users of the exchange
DODO Price Statistics (As of June 19, 2023)
| DODO Price Today | |
|---|---|
| DODO Price | $0.089498 |
| 24h Low / 24h High | $0.089264 / $0.093214 |
| 7d Low / 7d High | $0.084828 / $0.094496 |
| Trading Volume | $4,252,960 |
| Market Cap Rank | #457 |
| Market Cap | $37,398,659 |
| Market Cap Dominance | 0.003% |
| Volume / Market Cap | 0.1132 |
| All-Time High | $8.38 -98.93% Feb 20, 2021 (over 2 years) |
| All-Time Low | $0.080974 10.25% Jun 10, 2023 (9 days) |
| Circulating Supply | 417,972,417 DODO |
| Total Supply | 1,000,000,000 DODO |
| Max Supply | 1,000,000,000 DODO |
How to Buy $DODO Tokens
DODO is the native token of DODO Exchange, which is issued on Ethereum and has been mapped to other blockchains such as BSC, Arbitrum, and others.
The most direct way to buy DODO is to visit the DODO website -> Buy on DODO.
If you are not used to using a Decentralized exchange (DEX), you can also buy it on Binance’s centralized exchange -> Buy on Binance.
Other Ways to Get $DODO Tokens
The DODO tokens can also be obtained by participating in a DODO liquidity mining campaign, which you can do in addition to making direct purchases -> DODO Liquidity Mining.
DODO Alternatives to Consider
Dodo alternatives in Decentralized exchanges are becoming increasingly popular as people move away from traditional finance. PancakeSwap, Quickswap, and CowSwap are three of the most popular decentralized exchanges out there.
- PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain, allowing users to trade BEP-20 tokens with low fees and fast transaction times.
- QuickSwap is a Uniswap-style DEX built on the Ethereum blockchain that allows users to swap ERC-20 tokens with no fees and fast transaction times.
- Finally, CowSwap is a DEX built on the TRON blockchain that allows users to swap TRX tokens with no fees and fast transaction times.
Future Developments and Roadmap
DODO Exchange has ambitious plans for the future and aims to continue evolving and improving its platform. Some of the planned developments and features on the roadmap include:
- Cross-chain integration: DODO Exchange plans to expand its platform to support trading and liquidity provision on other blockchain networks, such as Binance Smart Chain and Polkadot.
- Enhanced user interface and experience: DODO Exchange aims to improve the user interface and overall experience for traders and liquidity providers. This includes introducing new features, optimizing performance, and streamlining the onboarding process.
- Integration with decentralized finance (DeFi) protocols: DODO Exchange plans to integrate with other DeFi protocols to provide users with seamless access to a wide range of DeFi services, such as lending, borrowing, and yield farming.
Conclusion – Review of DODO DEX
It is DODO’s unique proactive market maker model that sets it apart from other DEXs in terms of liquidity and price stability over AMM protocols that makes it an outstanding DEX. For traders who are looking for the best prices, the SmartTrade trading and aggregation feature of the product is ideal, while the Crowdpooling feature is ideal for investors and new crypto projects that want to invest in their projects.
DODO offers a number of benefits to liquidity providers, including the ability to create and manage their own on-chain market-making strategies, the reduction of price slippage, as well as the ability to deposit a single token on the network. There are a variety of utility functions associated with the DODO coin, allowing platform users to gain various benefits from holding the coin. The DODO team has several incentive programs planned for members who sign up for the service, which could potentially increase platform users and create more value for DODO.
Some DODO Important Links are below:
DODO FAQs
How much is a DODO token?
As of December 11th, 2022, the average price of a DODO token is $0.1218 USD, according to Binance. However, its price can vary depending on a variety of factors, such as market trends and trading activity.
Who created DODO crypto?
Crunchbase reported that Dodo was founded by two Chinese nationals, Qi Wang and Shichao Dai. The DEX raised a total of $5 million from 17 different venture capital investors, including Coinbase Ventures, Defiance Capital, and Galaxy Digital.
Is DODO crypto a good investment?
It is impossible to answer this question definitively as investment decisions involve personal opinions and subjective interpretations of the potential risks and rewards of holding a particular asset. Some people may believe that investing in DoDo Crypto is a good decision, while others may disagree. It is important to research the asset thoroughly and make an informed decision based on the individual’s own research, goals, and risk tolerance.
Is DODO a stablecoin?
No, DODO is not a stablecoin. DODO is a decentralized exchange (DEX) protocol built on Ethereum. It allows users to trade digital assets in a permissionless and non-custodial environment. Stablecoins, on the other hand, is a type of cryptocurrency that is designed to maintain a stable value relative to fiat currencies.
How many DODO coins are there?
As of December 11th, 2022, there is a maximum supply of 8,888,888,888 DODO coins. Additionally, the current circulating supply is 6,286,833,730 DODO coins.
Will DODO coins rise?
The future direction of the price of DODO coins is uncertain, as it is with any cryptocurrency. Past performance is not a good indicator of future performance, and prices can be highly volatile. As such, predicting the future value of DODO coins is challenging and speculative. It is recommended to do your own research before investing in any cryptocurrency.
What is the future of the DODO coin?
The future of the DODO coin is uncertain. It is an Ethereum-based token that is used to facilitate activities in the decentralized finance (DeFi) market, such as providing liquidity, earning yield, and accessing decentralized financial instruments. The project is still in its early stages of development, so it is difficult to predict what direction it will take in the future. It is possible the DODO coin could gain traction and become more widely used, but this is uncertain.
How to Buy $DODO?
Go to an online cryptocurrency exchange or brokerage and create an account. You will need to provide personal information, proof of identity, and other information in order to create an account. Deposit money into your account. You can use fiat currency, such as USD or EUR, to purchase DODO tokens.
Once your account is set up and you have deposited funds, select DODO from the list of available cryptocurrencies and begin trading. Choose the type of order you want to place. You can either purchase DODO tokens with a market order or set a limit order to specify the price you are willing to pay for the tokens. Once your order is executed and the payment has been confirmed, your DODO tokens will be sent to your wallet.
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