Dodo was officially Launched in August 2020. Founded by Diane Dai, Radar Bear and an anonymous development Team.
DODO is a Decentralized Exchange (DEX) running on Ethereum and Binance Smart Chain.
DODO also has a governance token. To participate in governance, users will have to convert DODO into vDODO at the fixed rate of 100 DODO = 1 vDODO. vDODO tokens will give holders dividends from trading fees and membership rewards. This is expected to encourage long-term membership.
There are currently 725,703,404 tokens in circulation out of a total of 1,000,000,000 DODO tokens. Out of DODO’s total supply, 60% of the tokens are reserved for community incentives, 15% were allocated to the team and advisors, 16% to investors, 1% to initial liquidity provision, and 8% to partnerships, operations, and marketing. The seed round and private sale round raised $5.6 million, with tokens being sold at $0.01 each and $0.05 each respectively
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