How to Buy Dodo (DODO) Coin
What is Dodo (DODO) Coin
DODO is a DeFi protocoldecentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM).
The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward.
DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens. DODO’s smart contract operates as an ERC20 token on the Ethereum network.
- DODO is a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC). Focused on making DeFi liquidity more accessible, DODO’s permissionless product suite consists of SmartTrade trading and aggregation, Crowdpooling/Initial DEX Offerings (IDOs), pools, and mining.
- DODO is the platform’s native governance token with the following use cases:
- Governance: DODO token holders can create and vote on proposals to govern the platform.
- Crowdpooling & IDO Allocations: DODO token holders receive allocations to participate in Crowdpooling & IDO campaigns on the platform.
- Staking: Users can receive additional DODO rewards by staking their DODO tokens.
- Trading Fee Discounts: DODO token holders receive trading fee rebates when trading on the platform.
- Minting vDODO: Users can stake their DODO tokens to mint vDODO tokens in order to receive additional membership rewards and dividends from trading fees.
- DODO’s product has the following major features:
- SmartTrade trading and aggregation: Built on Ethereum and BSC, DODO enables trading between two arbitrary tokens on the same network, with SmartTrade intelligently finding the best order routing from aggregated liquidity sources to give traders the best prices.
- Crowdpooling: An equal opportunity way to distribute tokens and kick-off liquidity markets. Crowdpooling attempts to eliminate the chances of front-running or bot interference.
- Pools: Pools give liquidity providers the flexibility to create and manage their own on-chain market making strategies in a fully permissionless, non-custodial manner.
- Mining: DODO platform users can earn DODO token rewards by engaging in liquidity mining, trade mining, and Combiner Harvest mining, which are geared towards liquidity providers, traders, and pool creators respectively.
- The project has raised 5.6MM USD from a seed round sale and a private round sale, where 16.00% of the DODO total token supply has been sold at 0.01 USD / DODO and 0.05 USD / DODO respectively.
- The total supply of DODO is 1,000,000,000 and the circulating supply upon listing on Binance will be ~14%.
How To Buy Dodo (DODO) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Dodo coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Dodo coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Dodo (DODO) Coin
Dodo (DODO) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.