DODO

Halal Rating :
Questionable
Last Price $0.19 Last updated:
Rank 411
1D Change 2.31 %
Market Cap $118.44m
Circulating supply 614,617,713
Maximum supply None

Crypto Overview

Categories
  • Decentralized Exchange (DEX) Token
  • DeFi
  • 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
  • Arbitrum Ecosystem
  • BNB Chain

DODO is a Decentralized Exchange (DEX) running on Ethereum and Binance Smart Chain.  Developed by the DODO team, Proactive Market Maker (PMM) is an oracle-aided algorithm with an advanced pricing formula that provides contract-fillable liquidity. Traders get lower slippage with PMM than Automated Market Maker (AMM). PMM leverages price oracles to retrieve accurate market prices of assets as input. It then aims to provide sufficient liquidity near the market price for every asset. The result is that liquidity decreases rapidly when far away from the market price. The following graphs compare the price curves of DODO (PMM) and Uniswap (AMM).

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”.

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.

Justification for our Halal Rating