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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.
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