THE:DODO Rating Report_AND

1.PROJECTINTRODUCTION

DODOisadecentralizedexchangeplatformwhichadoptstheProactiveMarketMaker(PMM)algorithmandhaslaunchedonEthereumandBinanceSmartChain(BSC).Theprotocolaimstomitigatetheproblemsofslippage,impermanentloss,andcapitalefficiencyundertheAutomaticMarketMaker(AMM)mechanismbyusingoracletofeedpricedataandthusproactivelyadjustingthepricebondingcurve.Inaddition,ithasdevelopedseveralfunctionslistedbelowtooptimizeuserexperience.

①SmartTrade:liquidityaggregatorthathelptraderstofindthebestpricefromdifferentsources;

②Crowdpooling:combinationofcrowdfundingandliquiditypooling,whichbootstrapstheliquidityofapoolbyraisingfundsfromthecrowdfundingprocess;

③Pools:publicandprivatepoolscanbeconfiguredwithcustomizedparameters(assetratios,liquiditydepths,feerates,etc.)setbytheusers;

④Mining:userscangetDODOrewardsthroughliquiditymining,tradingminingandcombinerharvestmining(forprojectsthatcollaboratewithDODO).

1.1ProjectProgress

DODOlaunchedtheDODOClassicPoolwiththePMMalgorithminsummer2020andinitiatedtheSmartTradeinQ4.InFebruary2021,ItannouncedthelaunchonBSCwithfeaturesincludingSmartTrade,Crowdpooling,publicandprivatepools,andliquiditymining.Also,theV2versionofDODOhasbeenlaunchedinFebruarytoadvancethegrowthoflongtailmarket.However,Inarecentexploit,DODOhasbeendrained$3.8millionofdollars,and$3.6millionofwhichwasrecovered.

AsofMarch18,2020,theDODOExchangedailyvolumeis$50.17Mandtotalvaluelocked(TVL)is$102.75M.

Fortherestof2021,DODOwillkeepreleasingthenewversionswhichare:

V2.1thatfocusesonthedevelopmentoftokenutilityandgovernancebyaddingDODODAO,Membersystem,andIncentivesystem;

V2.5thatfocusesontheimprovementsoftradingexperiencebyallowinggas-lesslimitorder;

V3thatfocusesontnchofderivativesmarket.

2.TEAMANALYSIS

TheDODOteamcurrentlyhas23peopleintotal,including3coremanagementpeopleandco-founders,10peopleinthedevelopmentteamand10membersintheoperations&supportteam.

ItscoremanagementteamisfromChina.DODOwasalsothefirstDeFicommunityinChina.

TeamConstruction，Sources:DODO;TokenInsight

3.ECOSYSTEMANALYSIS

3.1Application

ThecoreapplicationofDODOistoallowassetsswaponEthereumandBSC.Indetails,thepublicpoolsallowuserstocreateliquiditymarketwithcustomizedassetsratiosandsupporthigh-volumemarkets,whiletheprivatepoolsweredesignedtoavoiddownsiderisksanddiscoverpriceforprofessionalmarketmakers.TheCrowdpoolingcanbeusedbynewprojectstocrowdfundandbootstrapliquidity,andtheSmartTradecanbeusedbytraderstoseekthebestpricesfromotherliquiditysources.

Besides,DODOhasdevelopedpartnershipwithChainlink,Wootrade,andFrontier.

3.2TokenEconomy

$DODOistheplatform'snativegovernancetokenandhasthefollowinguses:

①Governance:holderscangoverntheplatformbycreatingproposalsandvotingonproposals(1$DODO=1vote);

②CrowdpoolingandIDOallocations:holderscangettherighttoparticipateinCrowdpoolingandIDOthatoccuronDODOplatform;

③Tradingfeediscount:holderscanenjoylowertransactionsfeeontheDODOplatform;

④Staking:Besides$DODO,DODOalsolaunchedvDODOasaproofofmembership.UserscangetvDODObystaking$DODO(100$DODO=1vDODO),andvDODOholdersgetproportionsoftradingfeesandrewardsin$DODO.

Thetotalsupplyof$DODOtokenis1Billion,15%ofwhichwasallocatedtothecoreteam/futurehires/advisors,16%wasgiventotheinvestors,8%wasgiventotheoperations/marketing/partnerships,60%willbedistributedtoDODOsupportersintheformofcommunityincentives,andtherest1%wasdistributedinIDO.

DODODistribution，Source:DODO;TokenInsight

DODOReleasingSchedule，Source:DODO,TokenInsight

Thevestingprogressisshowninthechartabove.Whatworthtonoteis,thecommunityincentivepartofthe$DODOisdividedintoliquiditymining,tradingrewardsandairdropsandtheincentivesallocationisdistributedinaseriesofprogramsknownas“DODOCarnival”.IthasendedthefirstepisodecalledGreyParrotanditison-goingthesecondcalledPicaPica.Sincetheprogramsdonotdisclosethedetailedinfooftheamountsandvestingbeforeitsending,thefigureprovidedaboveisforareference.

Thepriceof$DODOasofMarch19,2021is$4.25,withacurrentcirculatingsupplyandmarketcapof100,289,529and$426,350,772.$DODOiscurrentlylistedinmorethan10centralizedexchangesincludingBinance,MXC,BitZ,Gate.io,andetc.

3.3CommunityAnalysis

DODOhasjoinedTwitterinMay2020.AsofMarch17,2021,ithas60,000followersandpublished880tweets.TheofficialDODOTelegramcommunityhas14,410members.ThenumberoffollowersforDODO’sDiscordandRedditis3,890and738respectively.ItsChineseWechatcommunityhas270members.

DODOFollowersonVariousSocialPlatforms，Source:Twitter;Telegram;Discord;Reddit;TokenInsight.DataasofMarch17.

标签：THEDODOINGANDethereal另一半情侣名字DODO币ring币最新消息HLAND币

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