Dodo the Black Swan
Crypto Overview
Overview
DODO is a decentralized exchange protocol that uses the Proactive Market Maker (PMM) algorithm. It operates on multiple blockchains including Ethereum, BNB Chain, and Polygon.
Purpose and Utility
The DODO token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and future development. Token holders can also stake DODO to earn trading fees from the platform.
Business Model
The protocol generates revenue through trading fees on its decentralized exchange. The platform focuses on providing liquidity and enabling token swaps with minimal slippage. The core business model revolves around facilitating decentralized trading and does not inherently involve any prohibited activities.
Real-World Adoption
DODO has maintained active development and usage since its launch in 2020. The protocol has processed significant trading volume across multiple blockchain networks and has integrated with various DeFi protocols.
Token Distribution
The token distribution includes allocations for team members, early investors, and the community. There are vesting schedules in place for team and investor tokens to prevent immediate selling.
Development Activity
The project maintains regular updates to its protocol and has an active GitHub repository. The team continues to implement new features and improvements to the trading platform.
Crypto Impact
To assign a comfort level investing in Dodo the Black Swan 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 the Black Swan.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.