Dodo (DODO) 101: Learn About the Revolutionary DEX!

Dodo (DODO) 101: Learn About the Revolutionary DEX

Decentralised finance (DeFi) has become popular with a range of products and services that have emerged in the market. DeFi, which is now one of the leading industries in the cryptocurrency market, aims to replace centralized financial services. However, this new industry is currently highly fragmented. There are hundreds of projects offering services related to decentralised finance, and Dodo (DODO) is one of the projects trying to stand out.

Dodo is aware of several important problems in the DeFi space. The project aims to provide a fully-featured platform for users. If you are interested in the project, you are in the right place. In this article of, we will cover everything you need to know about the project.

What is Dodo (DODO)?

Dodo is a decentralised cryptocurrency exchange built on Ethereum and BNB Chain that aims to make DeFi liquidity more accessible. Decentralised exchanges, also known as DEXs, typically use an algorithm called an Automated Market Maker (AMM). However, the project is different. The project works with its own proprietary algorithm called the Proactive Market Maker (PMM). According to team, this algorithm provides better price stability and liquidity than AMM DEXs.

Dodo also has a SmartTrade product that facilitates trades between cryptocurrencies on the same network. It cleverly finds the best order routing from aggregated liquidity sources to provide traders with the best prices. Additionally, the Crowdpooling feature enables projects to launch liquidity pools without the risk of pre-mining and bot intervention, allowing for equal distribution of tokens. New projects also have the advantage of free listing and fundraising through the platform’s Initial Offering feature.

How Does It Work?

The DeFi platform offers many services and transactions using its native token, DODO. This cryptocurrency, which uses BEP-20 and ERC-20 contracts, is used for purposes such as participating in the platform’s governance, earning profits through staking, participating in Crowdpooling and IDOs. When a user holds the token in their wallet, they also gain access to various benefits, such as discounts on transaction fees and additional membership features.

The project takes a step forward with the oracle-supported PMM algorithm, which mimics human trading and provides better pricing. This model allows for fine-tuning to support various pool and trading types, allowing investors to achieve lower price slippage and less temporary loss compared to AMMs. Moreover, it provides high liquidity comparable to centralized exchanges, offering users the best experience.

Is DODO Token a Good Investment?

Dodo, which was launched in August 2020, quickly gained a large user base. The crypto coin reached an all-time high of $8.25 just six months after its release. However, a few months later, the momentum in the price slowed down and the value of the crypto coin started to decline. The initial decline was likely due to the cyber-attack that the project experienced in March 2021, which resulted in the theft of $3.8 million worth of tokens.

The incident did not immediately affect investor sensitivity. However, a few months after the attack, we saw the price drop to lower levels. Then, the historic crypto crash in May 2021 emerged, which further caused DODO to lose value. The cryptocurrency has a well-designed tokenomic system, an active community, and a solid team working behind the scenes. Therefore, the current price of $0.20 can rise again when the crypto market starts to recover. However, the possibility of a new cyber-attack should not be ignored.

Where to Buy It?

If you have done research on the team, vision, and technical review of the token and are satisfied with what they have achieved so far, you may be considering a long-term investment. So, which exchange should you buy Dodo from? Currently, the token, which is the 283rd largest project in the crypto market, is listed on many cryptocurrency exchanges. If you are interested in buying, you can access exchanges such as Binance, Bybit, and Bitget that list DODO.

After choosing the exchange you are interested in, you can start implementing your investment strategy for Dodo by following the membership and purchase steps. However, it is important to remember that cryptocurrencies can be risky. Regardless of the situation, researching and investing calmly is important. Also, as a rule, you should never invest money that you cannot afford to lose.

Similar News

What is Hamster Coin (HAM)? First Meme Coin on the BNB Chain Throughout history, there have been meme coins that have attracted attention with their sudden rise and then disappeared by experiencing crashes. Essentially, these assets do not gain value from fundamental values like large cryptocurrencies such...
What is COCOS-BCX (COCOS) and How It Works? Blockchain technology has created a series of radical changes in the gaming industry. Games built on this technology are more decentralized, transparent, and secure than traditional games. Those familiar with the gaming industry are aware...
The Ultimate Metaverse Guide: Discover the Virtual World Imagine a virtual world where billions of people live, work, shop, learn, and interact with each other from the comfort of their physical world seats. In this virtual ecosystem, you have a digital copy known...
Discover Metalcore NFT: 10000 Unique NFTs Metalcore NFT: What is the 10000 Unique NFT Collection? in this article of, we will answer all the questions that our readers are curious about in detail. At the same time, we will also...
What is Brawler Bearz NFT? Discover the Digital Bears Brawler Bearz NFT: What is the 4169 Unique NFT Collection? in this article of, we will answer all the questions that our readers are curious about in detail. At the same time, we will...
Mark Zuckerberg 101: The Genius Behind Social Media Empire Mark Zuckerberg is an American entrepreneur, businessman, and philanthropist. He is the co-founder and CEO of Facebook, one of the world’s most popular social media platforms. He is also a founder and CEO of Meta...