Dodo Ex - an overview of the development environment for crypto projects

By  Artem Khomenko 1176 24 Oct 2022
Photo - Dodo Ex - an overview of the development environment for crypto projects

DODO EX is a decentralized exchange designed as an environment for developing crypto projects without programming skills.

 Dodo runs on the Ethereum blockchain and 11 other EVM networks that are built on top of Ethereum. The starting page is a token exchange block and is not much different from other DEXs. You can make swaps not only at the market rate, but also place limit orders, which allows you to buy an asset at a better price.

Dodo Ex starting page

Dodo Ex starting page

The page also features a cross-chain bridge for transferring tokens between different blockchains. Below are crowd pooling points and a launchpad where Dodo-approved projects can raise funds within their IDO.

Platform’s main feature is located in the Workshop section. The first of the presented tools is the functionality for creating your own token. The user only needs to fill in the data about the name of the coin, issue, and some additional functions. After paying the fees, the newly-created token appears in the wallet. The cost depends on the chosen blockchain and ranges from $1 to $70.

Creating your own token on Dodo

Creating your own token on Dodo

Next, Dodo gives you the ability to create your own liquidity pool. This tool allows you to list your coin on the DEX or organize a token sale.

Market Maker is a more advanced liquidity pool option that was created for large crypto projects. They can list their token on Dodo and in return receive hefty commissions and the ability to manage a trading pair.

Liquidity pool section on Dodo

Liquidity pool section on Dodo

Tokens have their own coin distribution policy among different user groups. It is set by the issuer himself (the developers and authors of the project). Dodo Ex allows you to set up a staking or liquidity mining program where users can earn rewards for holding coins. It is only necessary to fill in the duration of the campaign and the number of tokens for distribution, and the percentage per annum will change depending on the staked assets.

Section for launching a mining campaign and staking tokens

Section for launching a mining campaign and staking tokens

Don't have enough money to run a trading pair for your token?

Dodo solves this problem with the Crowdpooling tool. The founders of crypto-startups can organize an event during which the users themselves will fill the liquidity of the token. It is similar to crowdfunding when you invest several tens of dollars in a young project. Everyone who contributes their liquidity funds during the campaign will receive an equivalent amount of tokens per wallet.

Quite a useful feature for developers who have a good community and care about decentralization.

Crowdpooling allocation at Dodo Ex

Crowdpooling allocation at Dodo Ex

The site also launched an NFT marketplace, where traders can trade unique assets and create their own. Due to certain rules, your NFT must be moderated before being offered for sale. Not all platforms yet support this feature, but the list of networks available for this is constantly updated. 

Creating an NFT on Dodo

Creating an NFT on Dodo

The Dodo Ex platform has an internal DODO token that can be bought on KuCoin, Gate, FTX and other major exchanges. A complete list of available platforms is available on the Coingecko website in the corresponding section.

DODO is a governance token. Coin holders can take part in platform changes, votes, and influence the development vector of Dodo Ex. At the moment, DODO is trading at a price of $0.11, the project capitalization is $50 million (403rd place in the rating of crypto-assets according to Coingecko).

DAO room and Dodo Ex control

DAO room and Dodo Ex control

Thus, Dodo Ex almost completely covers the lack of programming skills for young developers, allowing you to create smart contracts templates and customize your startup to fit your needs. And constant updates make it possible to integrate a large number of networks and functions that are quickly becoming popular in the crypto-currency field.