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DODO Price

(DODO)

$0.0212
0.00%(5m)

1m5m15m1h8h1d1W
DODO (DODO) Live Price Chart

    DODO Live Price Data

    DODO is currently trading at 0.0212, with a 24-hour trading volume of --. Over the past 24 hours, the price of DODO changed by -2.52%, and over the past week, its value in rose by +28.71%. The circulating supply of DODO is 1.00B DODO, with a market cap of 0 , down -2.52% in the last 24 hours. DODO is ranked #683 by market cap.

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    Note: This data is for reference only.
    pk

    DODO(DODO) Profile

    altRank683
    rateBB
    Expand
    $0.0208
    $0.02376

    ATH
    $8.51245353
    Price Change (1h)
    -1.30%
    Price Change (24h)
    -2.52%
    Price Change (7d)
    +28.71%
    Market Cap
    24h Volume
    Circulating Supply
    1B
    Max Supply
    1B

    About DODO

    • What Is DODO (DODO) Crypto?

      DODO is an algorithm-driven decentralized trading protocol designed for efficient liquidity and convenient trading of web3 assets. The protocol utilizes an innovative Proactive Market Maker (PMM) algorithm to offer deep liquidity in digital assets across multiple blockchain ecosystems, including Ethereum. BNB Chain, Polygon, Arbitrum, and more.

      DODO is designed to give users the best possible price and liquidity in supported digital assets. The liquidity is provided by its protocol and aggregated from other DEXs, and services DeFi users in the best possible manner.

      The DODO protocol also features NFT liquidity solutions through its NFT fragmentation technology. It supports a Buyout Model to support liquidity in high-value NFTs and a Retail Model to sustain liquidity in low to medium-value NFTs in the market.

      DODO, an ERC-20 token issued on Ethereum and mapped to other supported networks, functions as the native token of the DODO DEX. It incentivizes the growth of the DODO ecosystem and captures value. In addition, $DODO also serves as DODO’s governance token.

    • How Does DODO Work?

      DODO is designed as an efficient and decentralized crypto marketplace with an innovative approach to providing liquidity on a DEX. Unlike most DEXs that use automated market makers (AMMs) and liquidity pools with slippage and volatility challenges, DODO’s PMM algorithm leverages oracles to determine accurate asset pricing, reducing slippage and impermanent loss.

      DODO’s PMM algorithm is based on an effective inventory management strategy. It adjusts the price of a digital asset based on its anticipation of changes in supply and demand in the market.

      Changes to the inventory - the quantity of a digital asset drives changes to the asset’s value, and the PMM ensures that market makers concentrate the liquidity of the asset around a specific price. The PMM algorithm also accounts for the slippage factor, offering a greater concentration of liquidity and better prices when this factor is lower.

      DODO’s decentralized trading platform lets users create and issue custom tokens quickly with no coding experience, create and manage liquidity pools for free, and offers rewards in DODO tokens when staking selected tokens for market making. In addition, community-built pools on the platform support democratization of token distribution. The DODO protocol also supports the trading of fractionalized NFTs.

    • History of DODO DEX

      DODO is the brainchild of Diane Dai, Radar Bear, and other anonymous developers. The team developed the Proactive Market Marker (PMM) algorithm in April 2020 and the Proof of Concept for their project a month later.

      The DODO exchange launched in August 2020 and received seed funding of $600,000, led by Framework Ventures. In September 2020, the developers raised an additional $5 million through a private sale.

      This round of funding helped finance the development of DODO v2 for deployment on Ethereum and Binance Smart Chain (now BNB Chain) ecosystems. DODO v2’s beta version was launched in February 20201, adding extra features such as liquidity source aggregation, SmartTrade, Crowdpooling, and more.

      The development team also rolled out DODO’s governance mechanism and updated the DODO tokenomics in this new protocol version. $DODO holders could also enjoy access to Crowdpooling and IDO allocations while receiving trading fee discounts on the protocol.

    FAQ

    • How much is 1 DODO (DODO) worth?

    • Is DODO Crypto a Good Investment?

    • What Is DODO Coin Price Prediction?

    • What Is DODO Token Used For?

    • How to Earn DODO

    • Who Are DODO Protocol’s Investors?

    • What is the all-time high price of DODO (DODO)?

    • What is the all-time low price of DODO (DODO)?

    • How much DODO (DODO) is there in circulation?

    • How do I store DODO (DODO)?