Binance’s 13th theme essay contest is in full swing.
The total prize money for this essay writing competition is 200,000 $DODO, which is more than 30,000 US dollars at the current price. A national essay writing competition with an investment of 200,000 yuan is quite impressive, which also shows that DODO is still quite powerful.
What does DODO do?
DODO is a decentralized trading platform that provides competitive prices for DEX traders, reduces the non-permanent losses of liquidity providers, and also provides zero-threshold token creation and issuance, supporting multi-chain one-click coin issuance.
Although the current crypto market is not active and BTC continues to fluctuate around $60,000, on-chain MEMEs occasionally go viral, bringing a certain amount of liquidity and popularity.
Currently, DODO is launched to support the issuance of Meme, and also wants to add fuel to the MEME market, promote the prosperity of the on-chain market, and attract more users to pay attention to the development of the DODO ecosystem.
What are the unique features and usage scenarios of DODO?
Currently, the main functions include DODO X, liquidity pool, mining, crowdfunding pool building and token creation.
DODO X is a super aggregator and a cross-chain trading platform dedicated to providing the ultimate trading experience, including not only the best prices, but also high on-chain success rates, smooth user experience, and convenient operations.
For players on the chain, favorable prices, fast speed, low gas fees, and secure protocols are the most basic chain requirements. DODO X aggregators can retain users only by solving their basic needs.
At the same time, DODO provides staking and mining in the DEFI market, allowing users to obtain passive income from their on-chain assets.
The current USDT-USDC LP liquidity pool on the Ethereum chain has an AYP yield of up to 11.24%, and the liquidity pool TVL exceeds more than 8 million US dollars.
DODO's function of assisting Meme issuance will be launched soon, providing ordinary users with zero-threshold token creation and issuance. Ordinary users can also create on-chain MEME and issue tokens with one click, deeply participating in the primary market.
In addition to supporting individuals to create tokens, DODO also crowdfunds to build pools, establish consensus in the early stages of the project, crowdfund to build liquidity pools, and promote MEME launch and community marketing.
DODO supports 16 public chains and will launch a multi-chain one-click publishing function, which can deploy a MEME on different public chains at the same time, whether it is ETH or SOL, with one-click publishing.
DODO’s past and future?
DODO was launched in 2020, and its investors include Binance Labs, Coinbase Ventures, Framework Ventures and other institutions.
The project has been in operation for 4 years, has expanded 16 main networks, has a cumulative transaction volume of more than 170 billion US dollars, more than 26 million transactions, and a cumulative number of users of 3.8 million.
With the upcoming launch of DODOchain, DODO will shift its focus to the DEX platform, which will be technically supported by Arbitrum, EigenLayer and AltLayer.
These optimizations and upgrades further enrich the trading experience and incentives, and also consolidate its position in the DEFI market.
Judging from the development of the crypto market cycle, this round of bull market is about to emerge, and DODO has seized the opportunity to provide a one-click coin issuance function to assist in the issuance of Meme.
Compared with other DXE platforms, DODO has a lower market value and huge development potential. With the promotion of its investment institutions and the support of community users, it will have greater room for development and have the opportunity to achieve substantial development in the future bull market.
In the just concluded Singapore token2049, although it is generally felt that the current market is cold and there are not enough innovative projects in this round,
However, the number of participants in the conference exceeded that of previous years, which also shows the increase in the number of people working in the crypto market and that more and more people are optimistic about the future development of the crypto market.
More people judge based on the project itself. Whether it solves user needs, whether it has real application scenarios, real users and project revenue data, etc., are the key to considering project development.
DODO solves user needs from specific angles such as DEX, DEFI, one-click coin issuance, BTCfi, etc., and truly shares the prosperity of the on-chain ecosystem. I believe it will perform well in the future.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
