As the native governance token of the Dodo Protocol, DODO is based on the Ethereum network and adheres to the ERC-20 standard, bringing new vitality to the decentralized trading platform. As of recently, DODO holds a place in the crypto assets market, with a total supply and circulating supply of 1.049 billion coins, a market capitalization of approximately $7.478 million, and a daily volume of around $7.69 million.

The core advantage of DODO coin lies in its innovative Proactive Market Maker (PMM) algorithm. Compared to traditional Automated Market Maker (AMM) mechanisms, PMM can provide higher quality liquidity and more stable prices, which allows DODO coin to stand out in the competitive DeFi market. In addition, the DODO platform supports Initial DODO Offerings (IDO), providing emerging projects with a convenient financing channel, allowing participation by simply providing their own tokens.

As a governance token, DODO Token grants holders the power to participate in network decision-making. Through a voting mechanism, users can express their opinions on improvement proposals for the platform, directly influencing the development direction of the DODO ecosystem. At the same time, DODO Token also introduces a staking reward mechanism, encouraging users to stake tokens in liquidity pools to receive trading fee rebates and additional rewards. This not only enhances user participation but also strengthens the platform's liquidity.

The birth of DODO coin can be traced back to August 2020, co-founded by Diane Dai, Radar Bear, and an anonymous development team. The project early on captured the attention of well-known investment institutions in the industry, completing a $600,000 seed round financing led by Framework Ventures, as well as a $5 million private placement financing led by Pantera Capital and Three Arrows Capital. These investments not only provided DODO with ample development funds but also demonstrated the market's recognition of its potential.

It is worth mentioning that the DODO smart contract has passed the audit by the blockchain security company PeckShield, which further enhances users' confidence in the platform's security. With the continuous development of Decentralization Finance, DODO, with its unique algorithm and diversified functions, is contributing to the construction of a more efficient and fair digital asset trading ecosystem.