DODO is a China-based DeFi protocol and decentralized cryptocurrency exchange. DODO is not only a decentralized cryptocurrency protocol, but also a blockchain-based liquidity provider. Detailed information about what is DODO coin, how does it work, how much it costs, how to buy, etc. is in the continuation of the content. Information about Ontology Gas coin (ONG) you can browse here.
What is DODO coin and how does it work?
DODO is a China-based DeFi protocol and decentralized cryptocurrency exchange. DODO is not only a decentralized cryptocurrency protocol, but also a blockchain-based liquidity provider. The biggest feature that distinguishes DODO from other liquidity provider platforms is that it has a proactive market maker (PMM) feature.
Thanks to this feature, DODO offers better liquidity and provides price stability, unlike AMM platforms such as Uniswap. The PMM pricing mechanism fully mimics human trading and uses oracles to get the most accurate market information on assets. DODO, which imitates human actions in line with the data transmitted by Oracle, offers a much more stable price guarantee.
The cryptocurrency of the Dodo platform is also known as DODO. Launched by Diane Dai and Radar Bear in August 2020, DODO had received initial funding of $600,000. The team later announced that it received an additional 5 million in funding in September 2020. Among the funders are Pantera Capital, Binance Labs and Three Arrows Capital.
Where to buy DODO coins? How much is the DODO coin price?
DODO coin is listed on many cryptocurrency exchanges and can be purchased from these exchanges. But before trading, it is necessary to make sure that the stock market is reliable. As of October 19, 2021, the price of 1 DODO coin is around $1.51. (Price may change instantly.)
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency