DODO (DODO) Price

DODO is a decentralized exchange (DEX) that leverages an innovative algorithm called Proactive Market Maker (PMM). The platform seeks to offer traders a more efficient and cost-effective way to trade cryptocurrencies on a decentralized network.

The PMM algorithm is designed to maintain capital efficiency, minimize slippage, and reduce impermanent loss. It allows for a more efficient allocation of liquidity, making it possible for traders to execute large trades with minimal price impact. This is achieved through automated supply and demand balancing, which ensures that there is always enough liquidity on the platform.

The platform offers a unique trading experience that combines the benefits of centralized and decentralized exchanges. Traders can create custom trading pairs, set trading fees, and access high liquidity, all without compromising on security or decentralization. The platform also offers advanced trading features, such as stop-loss, limit orders, and trading charts, facilitating smarter trading strategies.

DODO also ensures the security of transactions through its use of decentralized infrastructure. The platform uses smart contracts on the Ethereum network to automate trading, ensuring that all transactions are recorded on an immutable ledger. Users have control over their private keys, which are stored in their wallets, ensuring that their assets are always secure.

DODO is the project’s native currency bestowed with several capabilities. In particular, it gives holders a voting right over the platform’s parameters. It also allows holders to access IDO campaigns on the platform (initial DEX offerings). Besides, the token is suitable for staking and earning a passive income. Lastly, DODO token holders get trading fee rebates when trading on the platform.