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A Decentralized Exchange Leveraging the Proactive Market Maker Algorithm.
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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%.
Key metrics (as at February 19th 2021)
BEP-20 and ERC-20
Binance Launchpool Start Date
February 19th 2021
Binance Launchpool Allocation
1,069,518 DODO (0.107%)
Estimated Circ. Supply When Listed on Binance
140,000,000 DODO (14.00%)
Total Token Supply
1. What is DODO (DODO)?
DODO is a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC).
DODO features capital-efficient liquidity pools that support single-token provision, reduced impermanent loss, and minimized slippage for traders. The trading platform also offers SmartTrade, a decentralized liquidity aggregation service that routes to and compares various liquidity sources to quote the optimal prices between any two tokens. In addition, DODO removes roadblocks hindering liquidity pool creation for the issuance of new assets such as asset ratios, liquidity depths, fee rates, and other parameters that can be customized and configured in real-time. DODO also introduced Crowdpooling, a permissionless, equal opportunity liquidity offering, as well as customizable technical solutions geared towards professional on-chain market makers.
The DODO token is a governance token which also grants holders trading fee discounts and Crowdpooling/IDO allocations on the platform. DODO tokens can be staked to mint vDODO, which are non-transferable tokens that serve as proof of membership in DODO’s loyalty program.
2. Recent news
February 2021: Released the DODOnomics v2 and introduced vDODO token.
January 2021: Introduced Crowdpooling, an equal opportunity liquidity offering.
January 2021: Launched the DODO Vending Machine that enables users to create pools with various parameters and add liquidity to existing pools.
December 2020: Introduced the DODO v1.5 SmartTrade that enables traders to trade arbitrary token assets at the best price possible.
3. Economics and supply
3.1 Token sales data
Seed Sale Allocation
Seed Sale Token Price
0.01 USD / DODO
Seed Sale Amount Raised
Private Sale Allocation
Private Sale Token Price
0.05 USD / DODO
Private Sale Amount Raised
3.2 Token allocation
6.00% of the total token supply
10.00% of the total token supply
Team & Advisors
15.00% of the total token supply
Operations & Marketing
8.00% of the total token supply
1.00% of the total token supply
60.00% of the total token supply
DODO token allocation
DODO token release schedule
4. DODO's community overview
DODO is currently focusing on community building and marketing in China and the English-speaking community. In addition, DODO has already gained a solid foothold in Japan. The team will continue to expand its community outreach efforts to other regions globally.
Current community growth strategies include:
Participating in DeFi events and conferences as a member of several DeFi and crypto alliances and organizations.
Frequent appearances on mainstream DeFi media outlets and contributions to DeFi newsletters.
Sponsoring blockchain/DeFi hackathons and competitions.
Engaging community outreach events, including creativity contests, private beta testing volunteer programs, and weekly votes on tokens to be added to DODO’s default list.
Bi-weekly town hall meetings with the founders.
Future community growth strategies include:
Building partnerships with more DeFi projects and organizations.
Growing the DODO community forum as an open platform for constructive feedbacks.
Expanding the ambassador programs to establish presence in more regions.
Driving active community engagement and interactions via various social media platforms.
Community and social channels (as at February 19th 2021)