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dodo currency #DODO 2022 #airdrop #currency UP 2378% 10$
What is the digital currency DODO/ DODO, its project and information about it? What is DODO? DODO is a DeFi protocol for decentralized central finance (DeFi) and on-chain liquidity provider aimed at a unique Proactive Market Maker (PMM) algorithm. To provide better liquidity and price stability than Automated Market Makers (AMM). The PMM pricing mechanism, which simulates human trading, uses oracles to collect highly accurate market prices for assets. It then provides sufficient liquidity close to these prices for the stability of Liquidity Providers (LP) portfolios, Lower slippage and nullify the non-permanent loss by allowing arbitrage trading as a bonus. DODO also caters to new crypto projects with a free ICO listing through DODO Initial Offer (IDO) which requires issuers to deposit their tokens only. The DODO smart contract runs as an ERC20 token on the Ethereum network. Who are the founders of DODO? Dodo was officially launched in August 2020, and was founded by Diane Dai, Radar Bear, and an anonymous development team. It initially attracted an initial $600,000 round led by Framework Ventures. The team announced in September 2020 that it had successfully completed an additional $5 million private sale funding round, Led by Pantera Capital, Binance Labs and Three Arrows Capital. The private sale round also attracted investment from several other prominent venture capital firms, cryptocurrency exchanges and trading firms including Coinbase Ventures, Galaxy Digital, CMS Holdings and Alameda Research. What makes Dodo unique? DODO positions itself as one of the most competitive liquidity providers offering extremely low transaction fees Slippage through the PMM algorithm, which was first launched in April 2020. The team claims that their PMM algorithm provides higher prices than AMM competitor Uniswap due to its flatter price curve. PMM pools funds near market prices to create sufficient liquidity, which drops rapidly as the price moves away from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity providers’ portfolios stable. This ensures more favorable rates, higher use of funds, less slippage, individual exposure to risk and no non-permanent loss. For traders DODO provides sufficient liquidity similar to that of centralized exchanges (CEX), which can be used locally by smart contracts for on-chain transactions such as liquidation and auctions. Auditors can also take advantage of the price differences between DODO and other exchanges. Liquidity providers are not required to make a minimum deposit and are not limited to the type of assets they offer. Currency providers can create their own trading pairs, deposit their tokens to negate price risk and also charge a portion of DODO transaction fees as rewards. DODO is also attracting new crypto projects with a free listing as DODO Initial Offer (IDO). Unlike AMM protocols, DODO does not require quote tokens, IDO projects only need to deposit their tokens into the liquidity pool, after which PMM creates its own demand side depth. To start IDO, the project just needs to set the oracle price to constant. Liquidity is improved by depositing more quote tokens #crypto #blockchain #ethereum #btc #forex #money #trading #investment #bitcoinmining #cryptotrading #cryptonews #investing #bitcoins #business #bitcoinnews #cryptocurrencies #cryptocurrency #bitcoin #trader #investor #binaryoptions #binance #forextrading #bitcoincash #finance #litecoin #nft #coinbase #stockmarket #stocks #forexsignals #success #binary #dogecoin #blockchaintechnology #wealth #cryptoworld #bitcoinprice #xrp #cryptoinvestor #motivation #forexlifestyle #hodl #altcoin #usa #trade #ripple #mining #cryptomining #financialfreedom #cryptocurrencynews #daytrader #wallstreet #altcoins #millionaire