New on BINANCE - DODO and you are still early
It is a new week and BINANCE listed a new coin on their launchpad. It is called DODO which is a new exchange. You can stake some coins on BINANCE and it could be a good opportunity to get some free coins. Here is a screenshot of my stake on BINANCE.
As you can see there are some possibilities.
How do you stake
- BNB Pool.
You can either stake you BNB coins in this pool or you use the well known BINANCE VAULT. which will also give you some coins the next day. - BETH POOL.
Here you can stake your staked ETHER 2.0. There was a possibility in Dec 2020 to deposit some ETH on Binance. As reward they have given some BETH. Which means you can use them now.. - BUSD POOL.
This is the BINANCE US Dollar token. Which is more or less equal to the USD. And yes you can use this coin on BINANCE nearly everywhere. As you
You will get coins every hour. And you can claim them anytime. Which could be a possibility.
How can i trade it?
On Binance there are at the moment three pairs.
- DODO / USDT (Us Dollar Token)
- DODO / BUSD (Binance US Dollar Token)
- DODO / BTC (Bitcoin)
What can you do with DODO
Well DOO is more or less an DEX aggrigator. You can compare it with 1INCH or UNISWAP. And so on. Here is what i found on their page in the docs.
DODO is a decentralized exchange platform powered by the Proactive Market Maker (PMM) algorithm. It features highly capital-efficient liquidity pools that support single-token provision, reduce impermanent loss, and minimize slippage for traders. The trading platform also offers SmartTrade, a decentralized liquidity aggregation service that routes to and compares various liquidity sources to quote the optimal prices between any two tokens. In addition, DODO removed all roadblocks hindering liquidity pool creation for the issuance of new assets - asset ratios, liquidity depths, fee rates, and other parameters can all be freely customized and configured in real-time. Based on this breakthrough, DODO has developed Crowdpooling, a permissionless, equal opportunity liquidity offering mechanic, as well as customizable technical solutions geared towards professional on-chain market makers.
Pricechart:
I took a screenshot from today`s price chart. Based on COINGECKO and it looks good. Do not forget we are still early.
My thoughts:
It seems like they are dooing well at the moment. But to be honest most of the coins go up a while. I will take some profit buw will leave some coins in my pocket. You will never know when a coin is pumping. It looks like a good project. Why?
- They have a good documentation: https://dodoex.github.io/docs/docs/
- They have a social account on TWITTER: https://twitter.com/BreederDodo
- They have a nice website
- And their product is working.
But as always this is not a financial advise this is only my way of thinking. Be careful, take profits and remember you can loose all your money. I also added some of my affiliate links in the box. If you need an discount of 10% on BINANCE you can use this one. And if you want to participate on other projects. As example DEFI please use the link to receive a sign up bonus about 20$ after your first deposit. Stay save and make good gains.
- CakeDEFI – Provides the DFI token and offers an easy staking plattform . Use the link and receive 20$ in DEFI after your first deposit
https://pool.cakedefi.com/#?ref=479398 - PEAK DEFI - Is an interresting project
https://peakdefi.com/?src=0x27bf012cfab34ccd5d818dd4ed237bbbb7745810 - BITPANDA – Here you can buy and trade the BEST Token
https://www.bitpanda.com/?ref=4016476156782350721&tag=coderei - BINANCE – register and they will give you a 10% discount
https://www.binance.com/en/register?ref=BW3WRFHC - NEXO Finance - Here you get high interrest rates on crypto an FIAT assets.
https://nexo.io/?u=5ff1a9e52dcceb4a803b7e34
