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What is DODO coin? What can DODO coins do? How to store DODO coins?
DODO coin serves multiple purposes on the DODO DEX, including governance participation, earning rewards through staking, and facilitating transactions by covering fees.
Nov 04, 2024 at 10:18 am
DODO coin is the native token of the DODO decentralized exchange (DEX). It is used for governance, staking, and paying for transaction fees on the DEX. DODO coin is an ERC-20 token that runs on the Ethereum blockchain.
What can DODO coins do?DODO coins can be used for the following purposes:
- Governance: DODO coin holders can participate in the governance of the DODO DEX by voting on proposals that affect the DEX's development.
- Staking: DODO coin holders can stake their coins to earn rewards. Staking helps to secure the DODO network and earn rewards for doing so.
- Paying for transaction fees: DODO coins can be used to pay for transaction fees on the DODO DEX.
DODO coins can be stored in any ERC-20 compatible wallet. Some popular wallets that support DODO coins include:
- MetaMask
- Coinbase Wallet
- Trust Wallet
- Ledger Nano X
- Trezor Model T
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