Binance is excited to announce the 17th project on Binance Launchpool - DODO (DODO), an open, accessible, capital-efficient decentralized exchange platform.
Users will be able to stake their BNB, BETH and BUSD into separate pools to farm DODO tokens over 14 days, with farming starting from 2021-02-19 00:00 AM (UTC).
Binance will then list DODO into the innovation zone at 2021-02-19 10:00 AM (UTC) and open trading with DODO/BTC, DODO/BUSD and DODO/USDT trading pairs.
DODO Launchpool Details:
- Token Name: DODO (DODO)
- Total Token Supply: 1,000,000,000 DODO
- Launchpool token rewards: 1,069,518 DODO
- Current Circulating Supply: 140,000,000 DODO
- Smart Contract Address: DODO (ERC-20)
- Staking Terms: No upper limit. No KYC required
- Stake BNB: 641,710.8 DODO in rewards (60%)
- Stake BETH: 320,855.4 DODO in rewards (30%)
- Stake BUSD: 106,951.8 DODO in rewards (10%)
- Farming Period: 2021-02-19 00:00 AM (UTC) to 2021-03-04 23:59 (UTC).
DODO Farming Distribution
|Dates (00:00:00 - 23:59:59 UTC each day)||Total Daily Rewards (DODO)||BNB Pool Daily Rewards (DODO)||BETH Pool Daily Rewards (DODO)||BUSD Pool Daily Rewards (DODO)|
|2021-02-20 - 2021-03-04||57,589||34,554||17,277||5,759|
Read about DODO (DODO) in our research report here.
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% in pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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