DODO is a cryptocurrency of the DODO project, a decentralized cryptocurrency exchange and liquidity provider built on the blockchain. The DODO project is part of Decentralized Finance (DeFi) and aims to provide innovative solutions to improve the trading experience and provide liquidity in decentralized markets.
Features of DODO project:
PMM (Proactive Market Maker):
The DODO platform relies on a proprietary system called PMM instead of the traditional automated market maker (AMM) system like other platforms like Uniswap use.
The idea is that the PMM system adjusts prices more stably and efficiently than an AMM, providing higher liquidity and lower slippage costs for users.
Providing liquidity:
DODO allows users to provide liquidity to the market in a decentralized manner, allowing anyone to easily create and launch a market without having to provide large amounts of liquidity.
Lowest price slippage:
Thanks to the PMM model, slippage is significantly reduced when executing trades, making cryptocurrency trading more efficient and less costly.
Compatibility with multiple chains:
DODO is compatible with multiple blockchains such as Ethereum, Binance Smart Chain (BSC), Polygon, and others.
Launching decentralized initial coin offerings:
DODO platform supports the launch of new coin offerings or projects through the âCrowdpoolingâ feature, which allows new companies and projects to easily raise funds and distribute tokens in a decentralized environment.
DODO Coin:
DODO is the native currency used in the platform system. It can be used for many purposes, including:
Trading fees.
Governance (participation in making decisions about updates or changes to the project).
Participate in providing liquidity and getting rewards.
The DODO project seeks to improve trading mechanisms in decentralized finance platforms and provide solutions to the challenges associated with providing liquidity and price slippage in decentralized systems.
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