What Is DODO (DODO)?
DODO (DODO) is a decentralized exchange (DEX) system that utilizes the Proactive Market Maker (PMM) mechanism to facilitate a trade. The Proactive Market Maker (PMM) approach is a novel blockchain market-creating model. It has high-capital-efficiency liquidity pools that facilitate single-token provisioning, limit temporary loss, and decrease friction for traders. DODO is based on both Ethereum and Binance Smart Chain (BSC) and allows users to trade any two assets on the same platform.
DODO's decentralized exchange service package includes SmartTrade exchange and analytics, Crowd pooling/IDO, pools, and mining. SmartTrade is a decentralized liquidity pooling engine that connects to and analyses various liquidity suppliers to give the optimal exchange rate between any two tokens, regardless of their uniqueness. Through the DODO Vending Machine and DODO Private Pool, the platform allows liquidity suppliers the freedom to design and operate their preferred business methods properly.
According to the whitepaper, the DODO Vending Machine can assist customers in acquiring and setting up funding in a creative way to meet their goals. The DODO Private Pool (DPP) is a solution designed for experienced market participants who want to perform one-sided financial transactions and modify the price curve at any moment.
DODO has reduced all barriers to forming liquidity pools to issue new resources, allowing asset ratios, liquidity levels, fee structures, and other factors to be flexibly adjusted in real-time. Leveraging on this discovery, DODO has created Crowd pooling, a permissionless, equal opportunity liquidity providing mechanism, and customizable technology innovations aimed at professional on-chain market participants. Crowd pooling allows DODO to introduce new commodities at a minimal cost and establish highly liquid capital pools. DODO helps professional market makers make effective on-chain decisions as well.
DODO is a digital token native to the DODO platform. The token holders receive specific advantages such as crowd pooling and IDO allocations, trading fee savings, and the ability to make and vote on suggestions. Initial DEX Offering (IDO) is a new crypto offering on a decentralized exchange. Users who conduct DODO transactions may also engage in trade mining, which pays out DODO tokens to traders. The community has been allocated 60 percent of the entire DODO token supply.
History of DODO (DODO)
Diane Dai is the founder of the DODO platform.
