DODO
Current price
$0.0205
+2.34%24h
LiveUpdated 20s ago
TodayDODO rises 2.3%, while the market falls.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.44%
- 24 hours+2.34%
- 7 days+13.87%
- 30 days+13.56%
- 1 year−41.37%
DODO's move in context
Beating the market today
+2.34% today against −3.24% for the market as a whole, a gap of 5.6 points. A gap this wide suggests something specific to DODO may be moving it, not just the market mood.
Part of a climb
+13.9% over 7 days and +13.6% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About DODO
Overview
DODO is an innovative cryptocurrency and decentralized finance (DeFi) platform that aims to provide a secure and efficient trading experience for users. Its core mission is to create an open, transparent marketplace that enhances liquidity for digital assets while facilitating user participation in the DeFi ecosystem. DODO distinguishes itself with its unique on-chain liquidity mechanism, which ensures better price discovery and minimizes impermanent loss for liquidity providers. The platform uses a proactive market maker algorithm, which allows for efficient trading with low slippage, making it an attractive option for traders and investors alike.
Technical Features
DODO is built on a combination of Ethereum and Binance Smart Chain, leveraging the strengths of both networks. Its consensus mechanism relies on an automated market-making protocol that does not require traditional order books, allowing users to trade assets directly and instantly. The security model of DODO incorporates robust smart contract auditing processes to ensure the safety of user funds and minimize vulnerabilities. DODO uses the Dynamic Automated Market Maker (DAMM) algorithm, which adjusts prices according to market demand, ensuring that liquidity remains high. The platform also implements an anti-front running mechanism, which protects traders from malicious actors attempting to exploit decentralized exchanges.
Use Cases
DODO primarily operates within the decentralized finance (DeFi) space, enabling users to trade assets without intermediaries through its DEX (decentralized exchange) platform. One of the key use cases of DODO is as a liquidity provider, where users can stake their tokens in liquidity pools and earn rewards. Additionally, DODO offers governance features, allowing token holders to participate in decision-making processes related to protocol upgrades and changes. The platform also facilitates non-fungible token (NFT) trading, allowing users to buy, sell, and trade unique digital assets efficiently. Furthermore, DODO supports cross-border payments, providing an avenue for seamless transactions without traditional banking limitations.
Development Background
DODO was founded in 2020 by a team of blockchain enthusiasts and experienced developers who recognized the need for a more user-friendly DeFi platform. Significant contributors to its development include former professionals from major tech companies and blockchain projects. Since its inception, DODO has introduced various features aimed at enhancing user experience and participation. Noteworthy events in its timeline include successful funding rounds, community engagement initiatives, and strategic partnerships with other DeFi projects that have helped expand its ecosystem.
Community and Ecosystem
The DODO ecosystem boasts a vibrant community of developers, traders, and investors who actively contribute to its growth. The platform engages its users through regular updates, educational resources, and community events to encourage participation in governance and staking activities. DODO has formed partnerships with various DeFi applications and protocols, which enriches its offerings and enhances interoperability. Projects built around DODO include liquidity pools, yield farming initiatives, and NFT marketplaces, all of which contribute to the platform's expanding ecosystem.
Future Potential
The future potential of DODO appears promising, given its innovative technology and strategic direction. Its scalable architecture and unique market-making algorithm position it well within the rapidly evolving DeFi landscape. Upcoming features slated for development include improved user interfaces, enhanced integration with other blockchain networks, and expanded support for additional digital assets. The focus on community-driven governance will likely empower users further, fostering a loyal user base that can help DODO adapt and flourish in the competitive cryptocurrency space. Overall, DODO holds a strong potential to impact liquidity provision and decentralized trading significantly.
DODO market
- Position by market cap among the coins we track.
- #323
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $20.52M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0198High $0.0212
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $8.38
- Now 0% of itReached 20 Feb 2021 · Needs +40,738% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1B DODO
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1B DODO
- The most coins that can ever exist. Some coins have no limit.
DODO converter
1 DODO = $0.0205
