DODO bird

What is DODO and how Does It Work?

DODO operates as a Decentralized Exchange, developed by DODO's team and facilitated on both Ethereum and BNB Smart Chain networks. Central to the platform is a proactive Proactive Market Maker (PMM) oracle-aided algorithm, known for its unique pricing formula. This feature aids traders by providing contract-fillable liquidity and reduced slippage, an enhancement over traditional Automated Market Makers (AMMs). An important part of DODO's operations involves the PMM retrieving market prices of assets using price oracles, focusing on maintaining desirable stability adjacent to an asset's market price, as not to disturb it. The platform aims to augment the quality of your trading journey by enabling efficient liquidity management. Visual comparisons of DODO's PMM and traditional AMM price curves are available in the shared graphs, allowing you a clear and detailed view of different market marker models. DODO's Decentralized Exchange is versatile and supports various tokens, thus easing your tokens' swapping, pooling, and staking processes.

Updates and news on the platform's features and developments are accessible through articles released by DODO team's Medium page. A notable aspect of DODO's Decentralized Exchange's operation model is the provision for traders to contribute assets by creating liquidity pools and earning yield from transaction fees. For improved capital efficiency, the Decentralized Exchange incorporates elements like the SmartTrade feature, which aligns your orders with the best obtainable prices across multiple liquidity pools. You can learn more about, and interact with, DODO's Decentralized Exchange through their Medium articles.

How to Buy and Store DODO?

To purchase DODO, Flooz.xyz offers a streamlined process. Flooz.xyz is a one-stop solution to buy this token, using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless DODO transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access over your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

DODO Metrics:

• Current price: $0.1270

• Market cap: $126.52 M

• All-time high: $8.38 (Feb 20, 2021)

• All-time low: $0.08 (Jun 10, 2023)

• Daily trading volume: $9.6 k