DODO

Based on a decentralized finance (DeFi) protocol, DODO is an on-chain liquidity provider leveraging a unique Proactive Market Maker (PMM) algorithm to offer better liquidity and price stability than traditional automated market makers (AMM). It aims to reduce slippage and impermanent loss for liquidity providers while offering competitive prices for traders. DODO supports the issuance and trading of digital assets, including ERC-721 and ERC-1155 tokens, through its platform, facilitating both its own and aggregated liquidity from other exchanges.

• Total Supply

• : 995.99M DODO.

• Allocation

• :

• Community Incentives: 60%.

• Seed Sale: 6%.

• Private Sale: 10%.

• Team & Advisors: 15%.

• Operations & Marketing: 8%.

• IDO Liquidity: 1%.

As of today 27 July 2024, the price of DODO is ₹12.30 INR, with a 24-hour trading volume of 9838242.24 USD. The market capitalization for DODO is 81613164.45USD. The circulating supply is 614617713.35 DODO, with the total supply also being 1000000000 DODO.

:

• Innovative PMM Algorithm

• : Offers better liquidity and price stability than AMMs.

• Supports NFT Trading

• : Facilitates the issuance and trading of ERC-721 and ERC-1155 tokens.

• Cross-Chain Functionality

• : Supports multiple blockchains, enhancing its utility and accessibility.

• Community Incentives

• : A significant portion of the token supply is allocated for community rewards and incentives.

• Capital Efficiency

• : Designed for capital efficiency, reducing slippage and impermanent loss.

:

• Complexity for New Users

• : The PMM algorithm and various features may be complex for new DeFi users.

• Security Risks

• : Past incidents of hacks, though funds were mostly recovered, highlight potential security risks.

• Market Volatility

• : Like all cryptocurrencies, DODO is subject to high market volatility.

• Regulatory Uncertainty

• : The evolving regulatory landscape for DeFi could impact DODO's operations.

• Competition

• : Faces stiff competition from other DEXs and liquidity protocols.

• Unique PMM Algorithm

• : Offers competitive advantages over traditional AMMs in terms of liquidity and price stability.

• Strong Community and Incentives

• : The allocation of community incentives fosters a robust and engaged user base.

• Cross-Chain Capabilities

• : Enhances interoperability and accessibility across multiple blockchains.

• NFT Market Support

• : Early mover advantage in supporting NFT trading within the DeFi space.

• Continuous Development

• : Regular updates and new features show a commitment to maintaining a competitive edge.

• Proactive Market Maker (PMM) Algorithm

• : A unique approach to providing liquidity and reducing slippage.

• Cross-Chain Trading

• : Supports a wide range of blockchains, making it highly versatile.

• NFT Trading Capabilities

• : One of the few platforms offering comprehensive tools for NFT issuance, trading, and fragmentation.

DODO addresses the issue of capital inefficiency and high slippage in traditional AMM-based DEXs by introducing a PMM algorithm that closely mimics human trading strategies, offering better liquidity and price stability.

DODO was founded by Qi Wang and Shichao Dai, two Chinese nationals. The team has raised a total of $5 million from various ventures, including Coinbase Ventures and Galaxy Digital.

The DODO coin, which is associated with the DODO decentralized exchange platform, conducted its Initial DEX Offering (IDO) and other sale rounds to raise funds for the project. Here are the details of the IDO and other sale rounds for DODO coin:

• IDO Sale Price:

• $0.10 USD per DODO token.

• IDO Raise:

• $1 million USD.

• Tokens For Sale:

• 10,000,000 DODO tokens were available for Sale during the IDO.

• Return on Investment (ROI):

• The ROI from the IDO price was 2.8x, which translates to a 180.4% increase.

• All-Time High (ATH) ROI:

• The all-time high return on investment for DODO from the IDO price was 84.21x, or an 8,321% increase.

Other Sale Rounds:

• Seed Sale:

• Sale Price:

• $0.01 USD per DODO token.

• Raise:

• $600,000 USD.

• Tokens For Sale:

• 60,000,000 DODO tokens were available for Sale during the seed round.

• ROI:

• The ROI from the seed sale price was 28.13x, or a 2,713.00% increase.

• ATH ROI:

• The all-time high return on investment for DODO from the seed sale price was 870x, or an 86,878% increase.

• Private Sale:

• Sale Price:

• $0.05 USD per DODO token.

• Raise:

• $5 million USD.

• Tokens For Sale:

• 100,000,000 DODO tokens were available for Sale during the private round.

• ROI:

• The ROI from the private sale price was 5.63x, or a 462.60% increase.

• ATH ROI:

• The all-time high return on investment for DODO from the private sale price was 174x, or a 17,295% increase.

Total Raised:

• Total Raised Across All Rounds:

• $6.6 million USD.

• Public Sale:

• $1 million USD (15% of total raised).

• Funding Rounds:

• $5.6 million USD (85% of total raised).

The DODO platform utilized these funds to develop its decentralized exchange, known for its unique proactive market maker (PMM) algorithm. This algorithm is designed to offer better liquidity and price stability than traditional automated market makers (AMMs) by mimicking human trading and utilizing oracles for accurate market prices.

• Security Vulnerabilities

• : Past hacks, though resolved, indicate potential security risks.

• Regulatory Risks

• : DeFi's uncertain regulatory environment could impact its operations.

• High Competition

• : Numerous other DEXs and liquidity protocols compete for market share.

• Market Volatility

• : Subject to the high volatility inherent in the cryptocurrency market.

• Complexity and Usability

• : The platform's complexity may deter new users from adopting it.

The DODO whitepaper outlines the protocol's innovative approach to decentralized exchange (DEX) operations, focusing on overcoming the limitations of traditional automated market makers (AMM) through its Proactive Market Maker (PMM) algorithm. The PMM algorithm is designed to offer better liquidity and price stability by mimicking human trading strategies and utilizing oracles for accurate market prices. This approach aims to reduce slippage and impermanent loss for liquidity providers while ensuring competitive prices for traders.

DODO supports the issuance and trading of digital assets, including ERC-721 and ERC-1155 tokens, making it a versatile platform for a wide range of DeFi activities. It provides both its own liquidity and aggregated liquidity from other exchanges, enhancing its ability to offer the best prices for Web3 assets. The platform also introduces innovative features such as gasless swap routes and an NFT market, further distinguishing it from other DEXs.

The whitepaper details the tokenomics of the DODO token, highlighting its total supply of 1 billion tokens and the allocation for community incentives, team and advisors, operations, and marketing. It emphasizes the importance of community engagement and rewards in building a robust ecosystem around the DODO protocol.

Security is a key focus, with the whitepaper discussing measures taken to protect users' funds and prevent exploits. Despite past security incidents, the team's quick response and recovery efforts are noted as evidence of their commitment to maintaining a secure platform.

In conclusion, the DODO whitepaper presents a compelling vision for a more efficient, user-friendly, and secure decentralized exchange. By addressing the shortcomings of traditional AMMs with its PMM algorithm and offering unique features such as cross-chain trading and NFT support, DODO aims to be at the forefront of the DeFi revolution.