DODO is a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC). Focused on making DeFi liquidity more accessible, DODO’s permissionless product suite consists of SmartTrade trading and aggregation, Crowdpooling/Initial DEX Offerings (IDOs), pools, and mining.
DODO is the platform's native governance token with the following use cases:
Governance: DODO token holders can create and vote on proposals to govern the platform.
Crowdpooling & IDO Allocations: DODO token holders receive allocations to participate in Crowdpooling & IDO campaigns on the platform.
Staking: Users can receive additional DODO rewards by staking their DODO tokens.
Trading Fee Discounts: DODO token holders receive trading fee rebates when trading on the platform.
Minting vDODO: Users can stake their DODO tokens to mint vDODO tokens in order to receive additional membership rewards and dividends from trading fees.
DODO’s product has the following major features:
SmartTrade trading and aggregation: Built on Ethereum and BSC, DODO enables trading between two arbitrary tokens on the same network, with SmartTrade intelligently finding the best order routing from aggregated liquidity sources to give traders the best prices.
Crowdpooling: An equal opportunity way to distribute tokens and kick-off liquidity markets. Crowdpooling attempts to eliminate the chances of front-running or bot interference.
Pools: Pools give liquidity providers the flexibility to create and manage their own on-chain market making strategies in a fully permissionless, non-custodial manner.
Mining: DODO platform users can earn DODO token rewards by engaging in liquidity mining, trade mining, and Combiner Harvest mining, which are geared towards liquidity providers, traders, and pool creators respectively.
The project has raised 5.6MM USD from a seed round sale and a private round sale, where 16.00% of the DODO total token supply has been sold at 0.01 USD / DODO and 0.05 USD / DODO respectively.
The total supply of DODO is 1,000,000,000 and the circulating supply upon listing on Binance will be ~14%.