Understand the issuance price and total issuance of DODO coins in one article

Initially priced at $0.15 USD, 100 million DODO tokens were issued, with 50% going to the community through an ICO.

Nov 02, 2024 at 12:28 am

Understanding the Issuance Price and Total Issuance of DODO Coins

1. Issuance Price

• The initial issuance price of DODO was set at $0.15 USD per token.

2. Total Issuance

• The initial total issuance of DODO coins was 100 million tokens.

3. Distribution of Tokens

• 50% of the tokens were distributed to the community through an initial coin offering (ICO) held on May 15, 2020.
• 25% of the tokens were allocated to the DODO team.
• 15% of the tokens were reserved for ecosystem development and strategic partnerships.
• 10% of the tokens were allocated to seed investors.

4. Current Market Price

• As of February 23, 2023, the current market price of DODO is approximately $0.79 USD.

5. Total Circulating Supply

• The current total circulating supply of DODO coins is approximately 75 million tokens.

6. Max Supply

• The maximum supply of DODO coins is capped at 100 million tokens.

7. Utility and Use Cases

• DODO coins are used to power a decentralized exchange platform called DodoEx.
• They are used to pay for transaction fees, staking rewards, and governance participation on the platform.

Conclusion

The issuance price of DODO coins was $0.15 USD, with a total issuance of 100 million tokens. Approximately 50% of the tokens were distributed to the community through an ICO, while the remaining tokens were allocated to the team, ecosystem development, and investors. The current market price of DODO is approximately $0.79 USD, with a circulating supply of 75 million tokens and a maximum supply of 100 million tokens. DODO coins play a vital role in the functioning of the DodoEx decentralized exchange platform.