DODO is a decentralized finance (DeFi) protocol that is powered by the proactive market marker (PMM), which aims to become a better alternative to the traditional automated market maker (AMM). DODO’s mission is to create financial operations infrastructure for the new era of decentralized finance (DeFi) and a fairer, more inclusive global economy that guarantees price stability.
The PMM approach employed in DODO allows for more effective price discovery and high-volume trading of financial instruments in high volatility environments. DODO’s descriptive pricing approach, based on real-time and accurate information about the prices of assets from oracles, creates a fair, transparent, and efficient market.
It provides for sufficient liquidity close to the prices to stabilize the portfolios of liquidity providers, lower price slippage, and negate impermanent loss by allowing arbitrage trading as a reward.
The DODO protocol also provides free ICO listing to new projects through its IDO programs which only require issuers to provide their tokens.
Who are the Founders of DODO (DODO)?
The development team has a diverse background with backgrounds in front-end, back-end development, AML compliance, and marketing. It is led by its three core members: Radar Bear (co-founder), Helen Chan (VP marketing), and Diane Dai (co-founder).
Radar Bear is an idealist and DeFi expert who initially thought of selling the PMM concept to a third party before being persuaded to preserve it and implement the idea. He also maintains a blog where he posts frequent information and updates about the DODO platform. Diane Dai, on the other hand, is a DeFi enthusiast who runs one of the largest WeChat groups in the Chinese Decentralized Finance scene, “DeFi the World.”
It also has an anonymous team of engineers with extensive experience in coding, product management, and business. The team is supported by an extensive advisory board that includes leading experts from the fields of finance, technology, law, and consulting.
What is DODO (DODO) Used For?
DODO leverages its PMM to promote development in the DeFi market. It uses its native currency – DODO, as fuel for adding liquidity to the market. In turn, it allows holders of DODO to receive rewards from capital gains revenue.
DODO’s IDO program allows issuers to post their tokens for a small fee in order to gain access to the community of liquidity providers. For new projects or ICOs, the listing will be free. The IDO program also helps investors since they are able to purchase tokens at prices close to the market price and receive rewards from trading activities.
What is the Unique Point of DODO (DODO)?
DODO provides benefits to both the decentralized finance (DeFi) and centralized finance (CeFi) ecosystems. It aims to enable both CeFi and DeFi liquidity providers to operate seamlessly in the same marketplace, offering CeFi liquidity mechanisms and high-performance PMM capabilities.
Furthermore, DODO provides a low-cost ICO listing platform through its IDO program, attracting investors as it helps issuers avoid costly listing fees for traditional centralized platforms such as Binance, OKEx, or Huobi. It also provides decentralized global liquidity for CeFi issuers to operate within markets by leveraging on the global user base of blockchain projects, which includes an array of different coins and tokens.
How Many DODO (DODO) Coins Are There in Circulation?
DODO has 12 million coins in circulation, with a total supply of 1 billion DODO coins.
How Is the DODO (DODO) Network Secured?
DODO uses blockchain technology and is resistant to centralized network attacks. The decentralization and the passive architecture of DODO’s ecosystem help with protection against both insider and outsider attacks.
The project has also been audited by a blockchain security firm, called PeckShield on July 10, 2020.
How do I Buy DODO (DODO)?
If you are looking to buy DODO, it is available on popular exchanges such as MXC.com, L Bank and Uniswap V2. To do this, follow the steps below,
* Open an account with the crypto trading platform or log in if already registered.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy DODO through your trading account.
Which Cryptocurrency Wallet Supports DODO (DODO)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as DODO (DODO). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their DODO wallet because it offers a simple and interactive interface, making it easy for people to navigate its system.