Hello, In this article we are going to review and analyse DODO Coin in Details. We will look at the fundamentals, team, roadmap, previous history of DODO and the team with potential of this project.
As the crypto market keeps rising such as bitcoin and other major crypto assets making new all time highs just recently this month of around $69,000 and ethereum hitting $4,800. There are tons of new cryptocurrencies in the market, both good and bad ones. Thats why Reasearch is the foundation of investing in any crypto coins.
To help with that, we are going to review DODO, whether DODO is a Good Crypto To invest or is it worth investing in DODO.
So Lets Begin With the Review.
What Actually is DODO?
DODO is a decentralized trading platform that is powered by the Proactive Market Maker (PMM) algorithm. Also available on the trading platform is SmartTrade, a decentralized liquidity aggregation service that distributes traffic to and assesses various liquidity sources in order to offer the best exchange rate between any two tokens, regardless of their origin.
Aside from that, DODO removed all restrictions to the creation of a liquidity pool for the issuance of new assets, allowing asset ratios and liquidity depths, as well as fees and other parameters, to be freely altered and defined in real time. Based on this discovery, DODO has developed Crowdpooling, a permissionless, equal opportunity liquidity offering mechanism, as well as adjustable technical solutions for professional on-chain market makers.
Traders benefit from extraordinarily capital-efficient liquidity pools that enable them to support single-token provision, minimize temporary loss, and maintain slippage to a bare minimum.
DODO’s decentralized exchange offers multiple Products and Services. Trading and aggregation, Crowdpooling/IDO, pools, and mining are all features of DODO’s decentralized exchange product bundle, which also contains smart contracts (which includes liquidity mining, trading mining, and combiner harvest mining).
This platform has been integrated with a variety of wallet applications, allowing users to interact with the platform.
Why DODO? What Makes DODO Standout From the Competition?
- With its own liquidity pools and the capacity to trade any two tokens on the market, DODO is both a decentralized exchange and an aggregator in one package.
- Through the use of crowdsourcing, DODO is able to issue new assets at the lowest feasible cost while also establishing highly liquid capital pools. The beginning price, as well as the proportion of dollars and tokens distributed, are completely flexible.
- When it comes to the DODO token economics concept, a membership system as well as a fee sharing mechanism are implemented. In addition to its governance operations, the DODO offers trading fee reductions as well as IDO participation allocations to its members.
Summary DODO, decentralized exchange has real world use cases and provides a lot of growth opportunities in the near future with its products and services.
DODO Fundamentals Analysis – Founders, Team, Investors & Roadmap
DODO was Recently launched in August 2020 by Diane Dei and Radar Bear and “an anonymous Development Team”
Investors in DODO
Framework Ventures provided an initial investment of $600,000 towards the company’s development.
An investment round of $5 million in private sale was headed by Pantera Capital, Binance Labs, and Three Arrows Capital, and the results were announced in September of 2020.
Coinbase Ventures, Galaxy Digital, CMS Holdings, and Alameda Research were among the venture capital firms, cryptocurrency exchanges, and trading businesses that participated in the private sale round. Coinbase Ventures is a venture capital firm that invests in cryptocurrencies.
Roadmap and Price Growth Potential for DODO
While DODO Looks pretty promising Crypto with solid backings, products and Use-cases. There is no Roadmap available by DODO’s Team Which indicates that DODO has achieved what they were First Building which is decentralized exchange, and no major upcoming event so far.
Summary : As per the invesors and the project foundation, the future looks bright for DODO and massive growth potential for DODO in upcoming months and years.
During Writing of this Article, DODO is currently trading at $1.29 USD, with a 24-hour trading volume of $4,26,828,11 USD.
In the previous 24 hours, DODO has been down by 9 percent in value. With a current market capitalization of $14,24,51,557 USD. DODO ranks at around position 401on multiple major crypto stats website such as coinmarketcap and coingecko
There are currently 11,05,51,965 DODO coins in circulation, with a total quantity of 1,00,00,000,00 DODO coins
Final Review And Summary
Based upon our research and analysis, we would like to rate this project as follows :
DODO, with its own uniqueness and competent stands out from competitors and real world use cases makes it a great cryptocurrency to invest in, while the team and investors backings are strong, the future looks great for DODO.
Disclaimer: This material is primarily for the aim of educating the reader. It does not constitute a formal offer to buy or sell anything, nor does it constitute a recommendation or endorsement of any specific products, services, or enterprises. Cryptonks.com does not provide any financial, legal, or accounting advice to its visitors. Neither the firm nor the author shall be liable for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this post, whether directly or indirectly, whether in contract or tort (including negligence). Viewers should perform their own research before making any type of investment in a cryptocurrency.
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