price: DODO (DODO) - June 2024 Price Update - 7.39% Breakout Crypto News and Analysis

price: DODO (DODO) - June 2024 Price Update - 7.39% Breakout Crypto News and Analysis

< Show Article: DODO (DODO) - June 2024 Price Update - 7.39% Breakout Crypto News and Analysisarticle avatarOLUWATOSIN GARUBA

Explore the Core.

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

article avatarOluwatosin Bamidele

Trade hard. Joy is coming

Explore the Core.

DODO is a DeFi protocoldecentralized 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).

article avatarGLORIA OLUWAFERANMI

To God be the Glory

Explore the Core.

DODO is a DeFi protocoldecentralized 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).

article avatarAdekanmi Owojori

Freelancer , Copy Writer and Crypto lover

Explore the Core.

DODO is a DeFi protocoldecentralized 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 reward. DODO also caters for 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

Spot the Main Event:

The price pump is traced to the recent announcement about a earn to learn posted by binance and tagging the project handle, every binance user can participate to learn about breederdodo and earn dodo token. This form of collaboration influenced the price and it exposed the token to a larger community as binance is the largest Dex to cex exchange.

article avatarEsther Wonder

Owojori

Explore the Core.

DODO is a DeFi protocoldecentralized 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 reward. DODO also caters for 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

Spot the Main Event:

The price pump is influenced by binance post about the token learn to earn on their social four hours ago which the learning will be on their App, every binance members that learn about breederdodo will earn dodo token this is a huge impact on dodo and it's token at large, binance is the largest crypto Dex exchange in the world.

article avatarPraise Olagbadun

Professional Author and Crypto Trader

Explore the Core.

DODO is a DeFi protocoldecentralized 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). They've got products like a Swap function and a whole other staking and liquidity pools

Spot the Main Event:

The main reason for the current increase in the price of the token is the Learn and Earn Campaign they announced on Binance. This is because with Binance being the biggest CEX, They'd be able to get enough exposure and allow more people to get to know about them.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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