About DODO (DODO)
DODO is a decentralized exchange (DEX) that uses a Proactive Market Maker (PMM) algorithm to optimize liquidity and enhance trading on several blockchain networks.
DODO’s PMM algorithm dynamically adjusts liquidity levels using up-to-date market data. This data is provided by oracles to facilitate optimal asset trading and reduce risks for both traders and liquidity providers. DODO claims their system makes prices more stable and decreases slippage better than usual Automated Market Makers (AMMs). Plus, DODO lets users use just one type of token to contribute to liquidity, which is more flexible because normally users have to pair assets.
DODO has lots of features to make trading and managing liquidity easier. SmartTrade lets users exchange tokens at optimal prices, uses special algorithms and apps like 0x and 1inch to reduce price differences. DODO also has Crowdpooling, a different way that combines IDOs, crowdfunding, and liquidity pools to give out tokens fairly and start liquidity markets without risks. Plus, liquidity providers are free to execute their own market-making plans on-chain in a flexible, trust-free environment. DODO also has various mining activities to earn rewards such as, liquidity mining, trade mining, and Combiner Harvest mining, all targeting varied users' needs.
The DODO token has many uses such as governing the platform, participation in Crowdpooling activities, Initial DEX Offerings (IDOs), and staking to earn rewards. The live price of DODO is updated and available in real time on Binance.
