DODO

Halal Rating :
Comfortable
Last Price $0.14 Last updated:
Rank 458
1D Change -4.68 %
Market Cap $101.81m
Circulating supply 725,703,404
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Decentralized Exchange (DEX) Token
  • DeFi
  • Ethereum Ecosystem
  • Binance Launchpool
  • Coinbase Ventures Portfolio
  • Three Arrows Capital Portfolio
  • CMS Holdings Portfolio
  • DeFiance Capital Portfolio
  • Framework Ventures Portfolio
  • Alameda Research Portfolio
  • Pantera Capital Portfolio
  • Exnetwork Capital Portfolio
  • Near Protocol Ecosystem
  • Arbitrum Ecosystem
  • BNB Chain Ecosystem
  • DWF Labs Portfolio

Overview

DODO is a decentralized exchange protocol that uses the Proactive Market Maker (PMM) algorithm. The DODO token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and future development.

Purpose and Utility

The primary purpose of DODO is to facilitate decentralized trading with better capital efficiency and reduced slippage compared to traditional automated market makers (AMMs). The DODO token provides governance rights and can be staked for platform fee sharing.

Business Model

DODO operates as a decentralized exchange protocol, generating revenue through trading fees. The platform facilitates spot trading and provides liquidity mining opportunities. The business model is transparent and focuses on legitimate exchange services.

Real-World Adoption

DODO has established partnerships with multiple blockchain projects and maintains active trading volumes across various chains including Ethereum, BSC, and Polygon. The protocol has processed significant trading volume since its launch, indicating genuine utility and adoption.

Platform Development

The project maintains active development with regular updates to its protocol and user interface. The team continues to implement new features and improvements based on community feedback and market demands.

Token Distribution

DODO implemented a fair token distribution model with tokens allocated to community incentives, team members, and investors. Team tokens were subject to a vesting schedule to ensure long-term alignment with the project's success.

Crypto Impact

To assign a comfort level investing in DODO from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to DODO.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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