From August 19th, VNDC officially added DODO Token (DODO) on VNDC Wallet. After DODO is available, users can perform the following functions:
- Off-chain transactions: Send, receive DODO with other users on the same system.
- Exchange: Convert from VNDC to DODO and vice versa.
About DODO
DODO is a decentralized finance (DeFi) protocol and a liquidity provider on the blockchain, using a proactive market-making algorithm (PMM). The PMM pricing mechanism simulates human trading, using highly accurate methods of gathering market prices for assets. It then provides enough liquidity close to these prices to stabilize portfolios of liquidity providers (LPs), reduce slippage, and eliminate losses by allowing arbitrage as a reward. Due to that, the DODO platform provides better liquidity and price stability than automated market makers (AMMs).
DODO provides sufficient liquidity equivalent to centralized exchanges (CEX) for traders, which smart contracts can use for blockchain transactions such as liquidations and auctions. Arbitrage traders can also take advantage of price differences between DODO and other exchanges.
In addition, the DODO Platform also allows new crypto projects to be listed and ICOs for free through the Initial DODO Offering (IDO) feature.
Website: https://dodoex.io/
What is DODO token?
DODO token is a token that operates in the DODO platform, mainly under the role of Governance Token. Accordingly, DODO token holders have the right to vote equal to the amount of DODO they hold to contribute to important decisions in the platform. In addition, when DODO is converted to vDODO, vDODO holders enjoy many benefits when using the platform.
Specifications:
- Name: DODO Token
- Symbol: DODO
- Platform: Ethereum
- Standard: ERC-20
- Smart Contract Address: 0x43dfc4159d86f3a37a5a4b3d4580b888ad7d4ddd
- Type: Utility, Governance
Till now DODO has been listed on some of the largest cryptocurrency exchanges like Binance, Tokocrypto, FTX, CoinTiger, and BitWell. At the time of writing, DODO is ranked #177 on CoinMarketCap::
DODO Price 45,493 VNDC Market Cap 214,235,404 USD 24h Trading Volume 144,511,281 USD Circulating Supply 110,551,965 DODO Max Supply 1,000,000,000 DODO
Trading DODO on VNDC Wallet
Now, users can perform the following features with DODO through the VNDC Wallet platform:
- Off-chain transactions: Send, receive DODO with other users on the same system.
- Exchange: Convert from VNDC to DODO and vice versa.
