DODO update: DODO Live price, price chart, news and markets

The DODO price update as of now is $0.02179. In the previous 24 hours, its trading volume was $1,996,288, and its value has decreased by -3.97%. As of now, DODO's live market cap is $16,702,249, and it is ranked as the #713 on the Coincu. DODO has a circulating supply of 1,056,125,000 and a maximum supply of 1,056,125,000.

Introducing DODO

The DODO coin serves as the native ERC-20 token for governing the DODO protocol. Holders of DODO tokens have the ability to propose and vote on network improvements. Additionally, they can earn trading fee rebates and rewards by staking their tokens in liquidity pools.

DODO: Key Features

The Objectives of DODO Project

DODO offers a unique feature called Initial DODO Offering (IDO), which provides free listings for new crypto projects. Unlike other AMM protocols, DODO does not require quote tokens for IDO projects. Instead, these projects only need to deposit their own tokens into the liquidity pool, and the PMM algorithm creates its own ask-side depth. By setting the oracle price to a constant, a project can initiate an IDO. Liquidity can be further enhanced by depositing more quote tokens.

DODO: A Unique Selling Point

DODO distinguishes itself as a highly competitive liquidity provider with low transaction fees and price slippage, thanks to its PMM algorithm developed in April 2020.

The PMM algorithm ensures sufficient liquidity by collecting funds near market prices. However, liquidity decreases as the price deviates from the market price. To maintain stable liquidity provider portfolios, DODO automatically adjusts market prices to attract arbitrage opportunities.

For traders, DODO offers ample liquidity comparable to centralized exchanges (CEX), enabling smart contracts to perform on-chain transactions such as liquidation and auctions. Moreover, arbitrageurs can capitalize on price discrepancies between DODO and other exchanges.

Liquidity providers enjoy flexibility as there is no minimum deposit requirement and no restrictions on the type of assets they can provide. They can create their own trading pairs, deposit their own tokens to mitigate price risks, and earn a portion of DODO transaction fees as rewards.