![]() Join us on Telegram to receive free trading signals.įor more cryptocurrency news, check out the Altcoin Buzz YouTube channel. In terms of total value locked, DeFi Pulse is reporting around $22 million, which ranks the DEX at thirty-eighth in its TVL listings. Over the past thirty days, the Chinese DEX token has made a monumental 700%, and it was trading at just $0.16 at the beginning of this year. DODO Price Hits ATHĭODO token prices have skyrocketed 40% over the past 24 hours to reach an all-time high of $2.50 before falling back to trade at $2.19 at the time of publication. There was no mention of an expected date for the v2 launch. The DODO token will effectively capture the value of the DODO exchange.”Ħ0% of the DODO total token supply is reserved for the community, and there are currently 54 million out of a total of a billion tokens circulating, according to Coingecko. “In my opinion, DODOnomics v2 is the most successful design in the DEX area. While managing partner at Puzzle Ventures, Jerry Zhou, added “A crypto project without a sound and sustainable tokenomics is, in our opinion, “soulless”, because tokens serve two crucial primary functions: value encapsulation and growth incentivization.” There will be a variable exit fee for redeeming vDODO to DODO in order to encourage long term loyalty to the project, and more liquidity-providing incentives will be rolled out with something called Combiner Harvest mining. The new tokens will give holders dividends from trading fees and membership rewards, in addition to the same benefits of holding DODO tokens, it added. ![]() Price action for the DODO token ahs been hot. The announcement stated that besides governance, DODO tokens will have new utilities for holders which include “Crowdpooling” and IDO (Initial DEX Offering) allocations and trading fee discounts on the exchange.Ī non-transferable vDODO token will be introduced to serve as proof of membership in DODO’s loyalty program, and these can be minted at a fixed rate of 1 vDODO = 100 DODO. Given the volatile nature of the crypto markets and smaller tokens like DODO (it is ranked 140 in terms of market cap) it is impossible to predict if the value of the token will hold at its current value, rise again to take on the all-time high, or decline to lower levels. □ Drum roll please folks…! is extremely proud to release our 'DODOnomics'! □Īll you need to know about the $DODO token is now out! You don't want to miss this one □ The token economy design will therefore be upgraded accordingly to engage these user groups and make the platform work for all, the blog post added. With the upgrade, there will be three separate categories of DODO platform users, comprised of traders, liquidity pool creators, and liquidity providers. It claims to be more advanced than regular decentralized exchanges, such as Uniswap, as it can respond to changing markets and liquidity constraints in real-time. Decentralized exchange DODO is tweaking its token model for the upcoming version two upgrade in order to offer more incentives to liquidity providers.ĭODO is an Ethereum-based on-chain automated market maker (AMM) that was announced in mid-August 2020.
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