Up-to-Date with Deltahub Capital— the DODO Project
Investors’ Edition
Today we’ll be looking at one of DeltaHub Capitals’ earliest private sale placements — DODOEX.
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1. A brief look: What is DODOEx?
DODOEx is an Decentralized Exchange launched on the Ethereum and Binance Smart Chain (BSC) blockchains. It has similarities to the well-known Decentralized Exchanges (DEX-es) like Uniswap & SushiSwap though in comparison, adds on novel features like:
- Crowdpooling: an equal opportunity way to distribute tokens and kick-off liquidity markets and allow users to be able to participate in liquidity offering campaigns and be involved in the projects they support with peace of mind.
- Customizable Liquidity pools: giving liquidity providers the flexibility to create and manage their own market making strategies through DODO Vending Machine and DODO Private Pool
- Proactive Market Making (PMM): a feature suited to Market Makers that allows altering the asset ratio and curve slope of an asset’s price, letting projects guide prices or price discovery on the chain.
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Additional Reading
What is DODO by MessariCrypto
A Decentralized Exchange Leveraging the Proactive Market Maker Algorithm by Binance Research.
DODOEx: A Revolutionary On-Chain Liquidity Provider by Boxmining.
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2. Progress since sale placement
The first phase of the DODO V2 Beta crowdfunding pool for the ShuttleOne project was a huge success, being oversubscribed by 173 times.
DODO token was listed on Binance on Feb. 19 following the DODO V2 Public Beta launch on the Ethereum Mainnet and Binance Smart Chain on Feb. 22.
Usage of the DEX grew steadily and is at an all-time-high at the time of this article. Value of the token has appreciated by many multiples from the initial DHC deal price of 6 cents.
3. The future of DODO
3.1 vDODO
On February 10th, DODO unveiled a new vDODO token that can be minted at a fixed rate of 1 vDODO = 100 DODO. The vDODO token will serve as proof of membership in DODO’s loyalty program and give holders:
- dividends from trading fees
- membership rewards
- and equivalent same benefits of holding DODO tokens.
- In order to encourage long-term membership, redeeming vDODO tokens to DODO tokens will incur a variable exit fee.
The team also initiated Trading mining to incentivize interactions with the DODO platform. Full details can be found in the Medium article here: https://medium.com/dodoex/dodonomics-v2-2ed818940781
3.2 DODO NFT
on March 24th, DODO’s addition to the ongoing Non-Fungible-Token (NFT) space was announced — DODO NFT (https://dodonft.io/).
It will enable NFT fractionalization: dividing up a single NFT token into smaller fungible tokens, similar to how company shares are issued. Design highlights for the exchange being developed are:
1. DODO NFT Vaults: A DODO NFT Vault can hold a collection of assets. By continuously adding assets to the DODO NFT Vault, the an individual or an organization can progressively manage the basket of assets, allowing it to serve as a NFT portfolio.
2. Zero-cost liquidity markets: Unlike incumbents like OpenSea or Rarible, DODO NFT plans to reduce barriers-to-entry allowing more users to benefit from the established liquidity markets.
3. Flexible trading fees & sharing: DODO NFT will take advantage of the customizability of the DODOEx PMM Customizable Liquidity pools, allowing listers to customize how trading fees are collected, shared, and distributed.
Conclusion
All things considered, the DODOEx sale placement is & will be considered a successful raise. The DHC team would like to extend its congratulations to everyone who managed to participate, and encourage all our members who may not have had the chance to consider adding this to their Investment Watchlist. For more updates, please check out the DODOEx official communication channels below. Thank you!
*This article is written for informational purposes only and is meant to encourage due diligence among our Community members & Cryptocurrency enthusiasts as a whole. Cryptocurrencies are highly volatile and speculative in nature. Please be prudent in assesses your financial circumstances before taking any action to buy, hold, or sell the token(s) mentioned in this report.
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DODOEx Official Communication Channels
Official Website: https://dodoex.io/
FAQs: https://dodoex.github.io/docs/docs/
GitHub: https://github.com/DODOEX
Telegram: https://t.me/dodoex_official
Twitter: https://twitter.com/BreederDodo
Discord: https://discord.gg/tyKReUK
Forum: https://community.dodoex.io/
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Stay tuned to more updates through the DeltaHub Capital channels
Website | Twitter | Medium | Discord | Telegram | Rarible | Opensea |
About DeltaHub Capital
DeltaHub Capital is a vibrant and active community which plays an important role in the crypto world. A tokenized decentralized Venture Capitalist (dVC) Pioneer of Community Governance Economic Model (C-GEM) and a battleground for gem hunting backed and supported by us!
