The giant project is in pursuit of whales.
Cryptocurrency investors expect 10x in the meme coin in a short time.
@DODO It is a DeFi protocol and a decentralized cryptocurrency exchange. DODO is not only a decentralized cryptocurrency protocol, but also a blockchain-based liquidity provider. The biggest feature that distinguishes DODO from other liquidity provider platforms is that it is known to have a proactive market maker (PMM) feature.
With this feature, DODO offers better liquidity and, unlike AMM platforms like Uniswap, it offers price stability. The PMM pricing mechanism fully mimics human trading and uses oracles to get the most accurate market information about assets. DODO, which also mimics human actions in line with the data transferred by the oracle, offers a much more stable price guarantee.
The cryptocurrency of the Dodo platform is also known as DODO. Launched by Diane Dai and Radar Bear in August 2020, DODO received an initial funding of $600,000. The team later announced that it received an additional funding of $5 million in September 2020. Funders include Pantera Capital, Binance Labs, and Three Arrows Capital.
The PMM algorithm offers users a seamless DeFi experience by reducing the high price changes that many users complain about to almost zero. It will not be surprising that DODO Coin has received investments from the three most important investment companies in the sector thanks to this technology.
The aim of the project is to offer much lower transaction fees to its users and to be a project that provides liquidity, unlike other cryptocurrencies. The project follows a lower price principle compared to other competitors of the PMM ecosystem. It was launched in August 2020. There has been a noticeable increase in its price recently. It has been receiving more than $ 5 billion in additional funding from market leaders such as Binance Labs.
It offers more attractive advantages compared to its competitors such as Uniswap by offering a much more stable price trend. The project defined as IDO enables new crypto projects by offering free listing opportunities after the initial DODO offering. It is a trusted cryptocurrency due to its high fund.
Dodo Coin Future.
The future of Dodo coin is among the most curious topics. It is possible to talk about some project features in the interest of this coin. The future of Dodo coin, which is among the most successful platforms, is among the information examined by many experts. Working with the PMM algorithm, this coin determines the prices of the tokens in the liquidity pool according to the status of the activities in the market.
It prefers the PMM algorithm over AMM systems that allow for a single relationship between fixed prices and trading activities. This offers a superior pricing system compared to its competitor Uniswap. Diane Dia is among the founders of the project. Diane Dai stated that they experience much lower slippage and losses, unlike other competitors using AMM.
DODO is a decentralized trading platform that uses the innovative Proactive Market Maker (PMM) algorithm to provide efficient on-chain liquidity for Web3 assets, making it easy for anyone to issue and trade these assets. It provides competitive prices for DEX traders and reduces impermanent loss for liquidity providers. In addition, DODO offers a zero-barrier-to-entry token issuance mechanism.
DODO X: DODO X is emerging as a cutting-edge solution in the world of decentralized finance, serving as both a super aggregator and a cross-chain trading platform. At its core, DODO X is dedicated to delivering the ultimate trading experience, encompassing not only the best pricing but also factors such as high on-chain success rates, seamless user experience, and convenient usability.
Liquidity Pools: DODO liquidity pools not only allow users to provide liquidity for any pool, but also allow users to create various pool types based on different assets and needs. For example, Pegged Pool is designed for stablecoins and LRT assets and provides efficient and stable liquidity management, while Private Pool is designed for market makers and provides a more personalized liquidity environment with greater control over trading strategies and parameters.
Mining: DODO mining not only provides higher returns for LPs, but also offers a self-initiated mining feature. This allows anyone to create their own mining operations for any pool on DODO and supports providing any tokens as rewards.
Crowdpool: Crowdpool is a new token distribution and market launch method that allows anyone to raise funds for their own tokens and distribute tokens, while also providing instant liquidity for new tokens.
Token Creation: This feature enables one-click token creation across 16+ mainnets, allowing anyone to create their own tokens without needing any coding experience.
DODO's investors include Binance Labs, Pantera Capital, Coinbase Ventures, Framework Ventures, SevenX Ventures, CMS Holdings, Galaxy Digital, IOSG Ventures, LongHash Ventures, and more.
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