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DODO (BSC)

https://dodoex.io

About DODO (BSC)

What is Dodo BSC?

Dodo is a decentralized exchange with an "active market maker" mechanism and built on the BNB chain. The exchange uses a bespoke Automated Market Maker (AMM) model to simplify the trading and issuance of digital assets. In addition to aggregating liquidity from other decentralized exchanges, the exchange also provides its own liquidity through liquidity providers. The exchange's white paper claims that it offers the best prices on web3 assets worldwide. The exchange has access to professional market makers and has higher liquidity with zero slippage and no gas fees. In addition, through gas-free exchange routing, users of the exchange are able to exchange different tokens in a simple and license-free manner with market or limit orders. In addition, the exchange offers an NFT marketplace where users can trade ERC-721 and ERC-1155 tokens. In addition, users can also earn money on the exchange through the Liquidity Provider Program. For example, by adding liquidity to obtain LP tokens, users can earn a share of the transaction fees. Of course, users can also mine certain tokens individually or add funds to a designated liquidity pool to participate in LP market-making mining. In addition, the exchange also offers a lightning lending option that allows for quick and efficient allocation of funds. The token creation tool allows developers to deploy tokens on multiple blockchains such as Ether, BNB Chain, Polygon, and OKC.

Who are the founders of Dodo BSC?

According to the information on Crunchbase, Dodo BSC was founded by two Chinese guys, Qi Wang and shiichi Dai. The project raised a total of $5 million from 17 different venture capital firms, including Coinbase ventures, Defiance Capital, and Galaxy Digital.

When did Dodo BSC launch?

Dodo BSC launches in August 2020.

Where is Dodo BSC located?

According to CrunchBase, the exchange is based in Hong Kong.

Countries that restrict access to Dodo BSC

At the time of writing, there was no information about the countries that restrict access to the exchange.

List of tokens supported by Dodo BSC

Dodo BSC is deployed on multiple EVM-compatible blockchains such as Arbitrum, Optimism, Avalanche, Aurora, and others, so multiple tokens can be supported across chains. This includes all major tokens as well as Wrapped Ether and Wrapped Bitcoin.

What are the fees for Dodo BSC?

Dodo BSC charges a small usage fee (0.05 BNB) for creating new tokens, but does not provide any information about transaction fees.

Can I trade on Dodo BSC using leverage or margin?

The platform does not currently have margin trading capabilities, but the project's development blueprint states that it will launch a leveraged trading service in 2022.