DODO is the native cryptocurrency of the DODO project, a decentralized exchange (DEX) that aims to provide innovative solutions for cryptocurrency trading and liquidity provision. DODO is used for multiple purposes within the platform’s ecosystem, including trading fees, governance, and liquidity provision.
Uses of DODO coin:
Governance :
DODO holders can participate in decisions regarding the development of the platform, such as adding new features or changing certain policies.
Trading fees :
DODO coin is used to pay trading fees on the platform. Discounts on fees can also be obtained when using the coin.
Rewards :
Users who provide liquidity on the DODO platform can receive rewards in the form of DODO coins. This encourages users to provide liquidity and boost market activity.
Initial Deployment of Projects (IDO) :
DODO is used to launch Initial DEX Offerings (IDOs) for new projects on the DODO platform, where new projects can raise funds by selling their tokens to users.
DODO is part of the Decentralized Finance (DeFi) ecosystem and aims to enhance the trading system and provide liquidity at competitive prices and higher flexibility compared to traditional systems.
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 “Crowdpooling” feature, which allows new companies and projects to easily raise funds and distribute tokens in a decentralized environment. @DODO #DODOEmpowersMemeIssuance $DODO
