What is the issue volume of DODO coins? An article introduces the application scenarios of DODO coins

The initial issue volume of DODO coins was 250 million, representing 25% of the total supply of 1 billion DODO coins.

Nov 01, 2024 at 08:28 am

What is the Issue Volume of DODO Coins?

1. DODO Coin Profile:

DODO (DODO) is a decentralized trading protocol that utilizes a unique Proactive Market Maker (PMM) algorithm. It aims to provide deep liquidity and low slippage for traders in various cryptocurrencies.

2. Issue Volume:

The total supply of DODO coins is 1 billion. Out of this, 250 million DODO were issued initially through a public token sale in February 2021.

3. Token Allocation:

• Public sale: 25% (250 million DODO)
• Ecosystem incentives: 50% (500 million DODO)
• Team and advisors: 15% (150 million DODO)
• Private sale: 2% (20 million DODO)
• Market making: 8% (80 million DODO)

4. Use Cases of DODO Coins:

DODO coins have several utility cases within the DODO ecosystem, including:

• Staking: Staking DODO coins allows holders to earn rewards and contribute to the security of the network.
• Mining: Users can mine new DODO coins by providing liquidity to the DODO pools.
• Governance: DODO coin holders have voting rights to propose and vote on changes to the protocol.
• Transaction fees: DODO coins are used to pay transaction fees on the DODO exchange.
• Rebates: Liquidity providers receive rebates in DODO coins for their contributions.
• Early access: DODO coin holders gain access to new features and initiatives within the ecosystem.