What is Dodo coin (What is Dojo coin)?
What is Dodo coin? According to official sources, Dodo is a decentralized tradin
What is Dodo coin? According to official sources, Dodo is a decentralized trading platform developed on the Heco chain. DODO was initiated by Zhang Chao, the head of the China region, and co-founded by Wang Feng, the founder of Mars Finance. Its main business is community governance services. The project focuses on the development of blockchain underlying technology and application research, and provides services such as liquidity mining, including support for cross-protocol exchange, programmable transactions, and NFT collectible issuance platforms, among others.
It is reported that on August 30, 2018, Dodo announced the completion of a $4 million private financing round. The investors include Ascensive Assets, Fundamental Labs, Consensus Lab, Coinbase Ventures, SNZ Capital, Blocksync Capital, and Bitrise Capital, among others.
What is Dojo coin
Dojo is a decentralized financial platform that uses a new mechanism to manage protocol control. The total supply of DODO tokens is 1 billion, and “doj” is an incentive and governance token. Its main purpose is to enhance user experience by rewarding participants to increase liquidity and reduce reliance on network contributors. Currently, “dOJ” has a market value of $300 million, whereas it had only around $3 million when it was launched in November 2019. The project has also partnered with FTX, which received investments from venture capital firms like Andreessen Horowitz in July this year. Additionally, DOVE can be used to pay developer fees, support DeFi applications, and other functionalities. (Cointelegraph)
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