What is DODO Coin? Complete Guide to DODO Exchange Project and DODO Token

In recent times, DeFi has been a rapidly growing sector and is gradually becoming one of the most promising industries in the cryptocurrency field. Many countries worldwide have recognized its immense potential and are racing to develop high-quality products to dominate the market. In reality, most well-known DeFi applications originate from the United States or Europe. However, with its technological and scientific advantages, China is gradually asserting itself with highly sophisticated projects. One of the most notable among them is DODO Exchange.

So, what is DODO Coin? What are the characteristics of the DODO Exchange project? What is the potential of the DODO Coin? Let’s dive into the details with Finance Solutes in the article below.

1. OVERVIEW OF THE DODO EXCHANGE PROJECT

In the first section of today’s article, let’s explore the concept of DODO Exchange and how this project operates.

1.1. What is DODO Exchange?

DODO Exchange is known as a decentralized exchange that utilizes an On-chain liquidity solution combined with Automated Market-Making (AMM) and Oracle technology. This is a technological solution developed by the DODO team with the goal of addressing several issues related to AMM, such as impermanent loss and single-sided liquidity provision.

1.2. How does the DODO Exchange Project Work?

Proactive Market Maker (PMM) is an advanced pricing algorithm designed to actively provide contract-executable liquidity. Thanks to PMM, investors benefit from lower slippage compared to traditional Automated Market Makers (AMM).

This algorithm utilizes market price measurements as input data to ensure full liquidity near the market price for all assets. As a result, liquidity decreases sharply when prices deviate significantly from the market price. The graph below illustrates the difference between the DODO (PMM) curve and the Uniswap (AMM) curve.

With other variables held constant, you can observe that the PMM curve is flatter than the AMM curve near the market price. This means that capital efficiency is higher, and slippage is lower with PMM. As a result, the price provided by PMM is more favorable.

To minimize risk for liquidity providers (LPs), the project automatically adjusts market prices to encourage arbitrage trading and stabilize LP portfolios.

Unlike AMM, where LPs must provide two assets, DODO allows liquidity providers to deposit a single asset. This enhances convenience for LPs and eliminates most impermanent losses.

1.3. Key Features of DODO Exchange for Investors

Thanks to the PMM algorithm, DODO Exchange possesses several outstanding advantages compared to other projects, including:

• Lower Slippage: The use of PMM technology helps DODO achieve lower slippage compared to other projects.
• Lower Opportunity Cost Risk: Participants can add liquidity instantly without needing to sell ETH for USDC. Additionally, investors can exit liquidity pools easily by unstaking ETH and selling at a higher price.
• Additional Transaction Fee Incentives: Users can earn a portion of trading fees from the ETH/USDC pair on the DODO Exchange.

• Minimal Losses: When participating in this project, investors do not suffer from any impermanent loss. This is one of the most outstanding advantages that makes traders favor and trust DODO Exchange.

2. DODO ECOSYSTEM

According to the project’s roadmap, the DODO ecosystem consists of three decentralized organizations, including:

• Admin DAO: The highest decision-making body that oversees the entire DODO ecosystem and can make changes to how the other two DAOs operate.
• Earn DAO: Responsible for managing how income is distributed across the DODO ecosystem.
• Risk Control DAO: Regulates various risk levels and ensures risk mitigation strategies within the ecosystem.

3. DETAILED INFORMATION ABOUT DODO COIN

Next, let’s explore DODO Coin, the native token of the DODO Exchange project, with Finance Solutes.

3.1. Basic Information About DODO Token (DODO Tokenomics)

• Token Name: DODO
• Ticker: DODO
• Blockchain: Ethereum
• Token Type: Governance
• Contract: 0x43dfc4159d86f3a37a5a4b3d4580b888ad7d4ddd
• Token Standard: ERC-20
• Total Supply: 1,000,000,000 DODO

3.2. DODO Coin Allocation

The total supply of DODO tokens is 1,000,000,000, allocated as follows:

• Community Incentives: 60%
• Core Team/Future Hires/Advisors: 15%
• Investors: 16%
• Operations/Marketing/Partnerships: 8%
• Initial Liquidity (IDO): 1%

Profit Distribution After DIP3 Event (July 8, 2021)

Following the DIP3 event on July 8, 2021, the project began distributing profits into three parts:

• 5% allocated to the Community Treasury
• 15% used to buy back DODO from the market and redistribute it to participants who stake DODO
• 80% distributed to liquidity providers

3.3. Purpose and How to Own DODO Coin

After launching DODO Tokenomics V2 in February 2021, the DODO token serves the following purposes:

For DODO Coin:

• Governance participation, where 1 DODO = 1 vote
• Convertible to vDODO at a ratio of 100 DODO = 1 vDODO
• Reduces transaction fees
• Used for IDO Allocation and Crowpooling

For vDODO (Non-Tradable Token):

• Governance participation, where 1 vDODO = 100 votes
• Used for IDO Allocation and Crowpooling
• Reduces transaction fees
• Earns a portion of trading fees
• Grants vDODO membership rewards

So how can you own DODO Coin?

• Method 1: Buy directly from cryptocurrency exchanges that have listed DODO Coin, such as DODO Exchange, Uniswap, Hotbit, 1Inch, MXC, etc.
• Method 2: Participate in Liquidity Mining to earn DODO Tokens.
• Method 3: Join the vDODO Membership Program.

3.4. DODO Token Release Schedule and Roadmap

DODO Token Release Schedule

Below is the release schedule for DODO Tokens:

DODO Roadmap

The roadmap was provided during the DODO AMA on June 4, 2021:

• Q2/2021: Launch of DODO NFT Platform
• Q3/2021: Expansion of the project to multiple Layer 2 solutions
• Q4/2021: Exploring NFT applications in financial services

4. DODO COIN STORAGE WALLET

Since DODO is an ERC-20 token on the Ethereum network, investors can store it in various trusted and secure ERC-20 wallets, including:

• Popular ETH wallets: MyEtherWallet, MetaMask, Coin98 Wallet, MyCrypto, etc.
• Cold wallets: Ledger, Trezor.
• Wallets on cryptocurrency exchanges that support DODO storage.

5. TEAM, INVESTORS, AND PARTNERS OF THE DODO PROJECT

5.1. DODO Exchange Development Team

The DODO Exchange project was founded by three former blockchain professionals, all of whom have significant influence in the DeFi community in China:

• Mingda Lei: A Market-Making Algorithm Developer and a PhD in Physics from Peking University. He previously worked as the lead developer for a DeFi project in China called DDEX.
• Qi Wang: The second co-founder of DODO Exchange and the founder of DOS Network, a China-based Oracle 2 project. Before entering the blockchain industry, he worked as a software developer for companies such as Oracle and Pure Storage.
• Diane Dai: The third co-founder of DODO Exchange. She founded DeFi Labs, the first subscription-based WeChat channel focused on DeFi in China.

5.2. Investors and Partners of DODO Exchange

The DODO Exchange project is supported by many investment funds, typically the Founder of Coingecko, Coinbase Ventures, PATERA Capital, Dragonfly Venture, Framework Venture, Binance, Alameda Research, SevenX Ventures,…

Currently, the project is focusing on expanding across other blockchains, so its partners are mainly networks such as Binance Smart Chain, Solana, and Layer 2 solutions like Polygon and Arbitrum. Additionally, it has partnerships with names like Frontier, The Graph, and is also a sponsor for Gitcoin Round 10.

6. FAQS ABOUT THE DODO EXCHANGE PROJECT AND DODO COIN

In the final part of today’s article, let’s summarize some frequently asked questions about the DODO Exchange project.

6.1. Where can I find the latest information about the DODO Coin Crypto project?

Investors can follow the latest updates about the DODO Exchange project through the following social media channels:

• DODO Web: https://dodoex.io/
• Telegram: https://t.me/dodoex_official
• Twitter: https://twitter.com/BreederDodo
• Reddit: https://www.reddit.com/r/DodoEx/
• Medium: https://medium.com/dodoex
• Discord: https://discord.com/invite/tyKReUK

6.2. What are the benefits of DODO Exchange for Traders and Liquidity Providers?

For Investors:

• Investors can receive liquidity almost equivalent to centralized platforms.
• There is a price difference between exchanges and DODO, allowing traders to profit through arbitrage opportunities.
• Smart Contracts provide features like liquidation and auctions by utilizing liquidity from DODO.

For Liquidity Providers (LPs):

• There is no limit on the amount of funds that can be deposited.
• LPs do not bear price risks when depositing their own tokens.
• LPs can use their funds to create trading pairs.

6.3. Should I invest in DODO Coin?

As mentioned earlier, this project was developed by influential figures in the blockchain industry, especially in China’s decentralized finance (DeFi) community, including: Qi Wang, Diane Dai, and Mingda Lei.

Additionally, DODO Exchange has received support from major investment funds such as Binance, DeFiance Capital, Framework Ventures, and others.

With the advantages outlined above, it can be evaluated that DODO Coin is a promising cryptocurrency. However, the cryptocurrency market is constantly fluctuating. Therefore, investors should carefully consider their decisions to minimize potential risks.

7. CONCLUSION

Through today’s article, Finance Solutes has introduced you to what DODO Coin is, the key features of the DODO Exchange project, and the potential of DODO Token in the future. We hope that with the information shared, you now have a comprehensive understanding of the DODO Exchange project and can consider it as one of your investment options.

Wishing you success!!!