ShuttleOne Chooses DODO As The First Exchange for Listing
At ShuttleOne, we are super thrilled to announce the big news to our community. For all the supporters that have been waiting for the day to come — it is finally approaching. We’ve decided to use DODO as the first exchange to introduce SZO to traders.
ShuttleOne is a digital asset blockchain infrastructure project that designs systems for supporting governments, institutions, and B2B platforms. We service the Southeast Asian region and offer trade financing, microlending, and remittances.
SZO DODO Listing Details
ShuttleOne is going to list SZO in a pair SZO/USDT on DODO exchange this February 22nd at 5:00 PM(SGT).
We are excited to partner up with DODO for the first listing of our native token SZO. The DODO cryptocurrency exchange allows for low slippage and single risk exposure for its users. In addition to that, the exchange promises no impermanent loss caused by asset reallocation.
What Is SZO?
The SZO is a native token of a ShuttleOne project. It is an ERC-20 utility token that acts as a regulator of incentives within the network for the token holders and mining pool liquidity suppliers. In addition, SZO serves as a means of payment within the ShuttleOne.Network, where merchants can pay for services and products with their tokens.
SZO token holders are incentivized to hold on to their SZO by a burning mechanism that burns tokens as SZO transactions take place across the network.
There are a total of 230,000,000 SZO in the circulation with SZO inflation standing at 5% or approximately 11.5 million SZO a year.
How To Get SZO?
Users can get their hands on SZO tokens by using one of the two methods:
- By getting SZO as a reward for staking. Users are encouraged to provide liquidity for the ShuttleOne.Network and receive SZO tokens as a reward.
- By purchasing SZO on crypto exchanges — the first one to list SZO is an innovative cryptocurrency exchange dubbed DODO.
What is DODO?
DODO is a liquidity protocol that is leveraging a unique Proactive Market Maker algorithm. The exchange is backed by some of the most leading decentralized finance sector investors that share a single goal of bringing the DEX to the next level.
In addition, DODO decentralized exchange can compete with centralized exchanges (CEXs) thanks to its concept of contract-fillable liquidity. The exchange also provides low barriers to entry and claims to have a “pain-free token issuance mechanic for long-tail assets”.
