Dodo Exchange Review: DODO Coin Price Prediction 2021

5 Mins read

You are welcome to bull is coming Dodo coin price prediction, To say that DeFi saw massive growth in the year 2020 would be an understatement.

DeFi products and protocols, most notably decentralized exchanges (DEXs), have been and continue to be adopted and popularized at an incredible speed.

According to Dune Analytics’ monthly DEX volume data, the total USD DEX volume year-to-date (as of December 21st) is now over $100 billion, with the total number of DEX traders most likely hitting 1 million before the end of the year.

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Monthly DEX volume grouped by year (Source: Dune Analytics)
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12 months DEX volume and number of DEX traders (Source: Dune Analytics)

What are the underlying driving forces behind this remarkable DEX boom? The reasons are twofold, explained with a well-oiled machine analogy:

  1. DEXs’ engines: DEXs are the new vehicles powering and driving token asset issuance, a field previously dominated by centralized exchanges (CEXs). Traders can now trade for whatever assets they want to with ease and anonymity on DEXs
  2. DEXs’ engine lubricant: DEX aggregators make the trading experience much smoother by connecting and agglomerating liquidity otherwise dispersed on various platforms. This means that DEXs as a whole can offer CEX-level liquidity

What Is DODO Exchange?

DODO is a Chinese decentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM).

The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets.

It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage, and negate impermanent loss by allowing arbitrage trading as a reward.

DODO also caters to new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens.

DODO’s smart contract operates as an ERC20 token on the Ethereum network.

What is PMM?

Developed by the DODO team, Proactive Market Maker (PMM) is an oracle-aided algorithm with an advanced pricing formula that provides contract-fillable liquidity. Traders get lower slippage with PMM than AMMs.

DODO Exchange Review

Dodo Coin Price Prediction: Is DODO Exchange Safe?

DODO positions itself as one of the most competitive liquidity providers that offer very low transaction fees and price slippage through its PMM algorithm, first conceived in April 2020.

The team claims their PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve.

The PMM collects funds near market prices to establish enough liquidity, which drops quickly the further the price moves from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity provider portfolios stable.

This ensures more favorable pricing, higher fund utilization, and decreased price slippage, single risk exposure, and no impermanent loss (explained here).

For traders, DODO offers sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions.

Arbitrageurs can also take advantage of price differences between DODO and other exchanges.

Liquidity providers are not required to make a minimum deposit and are not restricted on the type of asset they provide. LPs can create their own trading pairs, deposit their own tokens to negate price risk, and also collect a portion of DODO transaction fees as rewards.

DODO also attracts new crypto projects with a free listing as an Initial DODO Offering (IDO). Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only need to deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth.

To start an IDO, a project needs to only set the oracle price to a constant. Liquidity is improved by depositing more quote tokens.

How does DODO work

DODO accepts liquidity providers’ assets. It gathers funds near market prices to provide sufficient liquidity. In order to minimize counterparty risks for LPs, DODO dynamically adjusts market prices to encourage arbitrageurs to step in and stabilize LPs’ portfolios.

What can I do with DODO

As a trader

  • Each and every trader enjoys sufficient liquidity similar to that of centralized exchanges
  • Arbitrageurs can profit from price discrepancies between DODO and other exchanges
  • Smart contracts can natively use DODO liquidity to complete on-chain transactions, such as liquidation and auctions

As a LP

  • There are no minimum deposit requirements and restrictions on asset types
  • DODO charges a fee for each transaction and eventually distributes it to LPs as rewards
  • LPs can create trading pairs with their own tokens
  • LPs can obtain liquidity by depositing the tokens they already own, without taking on price risk

Is DODO Exchange Safe

DODO is a decentralized protocol and therefore resistant to centralized network attacks relying on a single point of failure. DODO’s smart contracts were audited by PeckShield, a blockchain security company, on July 10, 2020. Its audit report on DODO can be accessed here.

Please be aware that DeFi protocols are innovative and high-risk projects and therefore vulnerable to coding bugs and security issues that could be exploited by hackers and result in the loss of funds.

DODO Coin Details

The total supply of the DODO token is 1 billion (1,000,000,000). There are currently 12 million coins in circulation.

DODO’s total supply will be distributed as follows:

  • 15% to the core team/future hires/advisors
  • 16% to investors
  • 1% to initial liquidity provision (IDO)
  • 8% to operations/marketing/partnerships
  • 60% to community incentives

Where Can You Buy DODO (DODO)?

DODO can now be traded on the centralized exchanges MXC.com, L Bank, and BiKi, as well as decentralized exchanges (DEX) like Uniswap V2, Mooniswap, and Dodo.

Want to purchase cryptocurrencies like Bitcoin and Ethereum directly by credit card in the fiat currency of your choice? Read this guide to learn how.

DODO Price Prediction (DODO/USD) : Questions & Answers

What will be the lowest price of DODO (DODO) in future?Upto $15.97 USD
What will be the highest price of DODO (DODO) in future?Upto $19.62 USD
Will DODO (DODO) price increase in future?Yes, DODO (DODO) price will increase according to our predicted data in future.
Investment in DODO (DODO) is profitable or loss-making?Yes, DODO (DODO) is profitable investment based on our forecasting.
Whether the price of DODO (DODO) will be downward in future?No, DODO (DODO) price will not be downward based on our estimated prediction.
In 1 year from now what will 1 DODO be worth?The price of 1 DODO (DODO) can roughly be upto $6.24 USD in 1 years time a 2X nearly from the current DODO price.
Where do I buy DODO?There are many places to buy and exchange DODO we list them all here.
What will the DODO Price be tomorrow?Our algorithm predicts that the DODO Price can be upto $1.05 USD by tomorrow.
What will be the price of DODO (DODO) after 1 year?Upto $6.24 USD
What will be the price of DODO (DODO) after 2 years?Upto $6.81 USD
What will be the price of DODO (DODO) after 3 years?Upto $10.35 USD
What will be the price of DODO (DODO) after 4 years?Upto $11.77 USD
What will be the price of DODO (DODO) after 5 years?Upto $12.91 USD
What will be the price of DODO (DODO) after 6 years?Upto $15.41 USD
What will be the price of DODO (DODO) after 7 years?Upto $18.26 USD

Final Verdict

DODO Exchange, the on-chain liquidity provider for everyone.

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About author
Johnmiracle Ejikeme is a 7 Figure digital network marketer, crypto enthusiast, and a trader. A humble fellow that fancy investing and technology.
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