Thanks for attention.
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X Number of people following @BreederDodo: 263,000
Long-term holding: two stars★★
Growth potential: two stars★★
DODO is a DeFi protocol and on-chain liquidity provider designed to provide better liquidity and price stability.
Its Active Market Maker (PMM) algorithm uses highly accurate asset market prices to provide liquidity close enough to those prices to stabilize liquidity provider (LP) portfolios, reduce price slippage, and in return by allowing arbitrage trading to offset short-term losses.
One feature of token issuance on DODO is that there is no need to configure a 50%:50% token pair. For example, on Uniswap, it is often necessary to configure 50% of ETH and project tokens.
On DODO, due to its PMM mechanism, project parties only need to deposit project tokens, and PMM can help them create liquidity. Of course, the more project tokens deposited in the asset pool, the better the liquidity.
DODO is a governance token. Holding DODO will enjoy proposal and voting rights, IDO and crowdfunding subscription shares on the platform, and transaction fee discounts.
DODO is trying to build a better DEX ecosystem through a more universal market maker algorithm, new asset issuance model, and sustainable token economy, thereby building its core competitiveness.
Supply: 1 billion
Circulation volume: 455 million
Circulation rate: 45.5%
Circulation market capitalization: $75.73 million
Token distribution
Private sale: 10%
Seed sales: 6%
Community incentives: 60%
Team and consultants: 15%
Operations and Marketing: 8%
【Unlocked】21%
This project is a domestic project;
The investment team is very luxurious, but very ruthless, and it reaches its peak at the opening.
The function of the project is very suitable for issuers with weak funds and also suitable for individuals to earn liquidity income.
It may be because the competition pressure is too high, or it may be because it is just for the second level harvest.
As for whether this project can be successful, it hits my head. I feel that there is not much hope, and the pressure I face is too great.
From a technical perspective, it is still relatively regular, with regular fluctuations and harvests. Suitable for band
Currency: #dodo
Type: medium and long term
Buy point 1: 0.11
Buy point 2: 0.08
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Selling point 1: 0.22
Selling point 2: 0.35
Selling point 3: 0.45
