HBTC will list DODO/USDT aggregate trading pairs at 18:05, 19 February 2021 (UTC +8).
DODO/USDT is an aggregated trading pair, the deposits & withdrawals will not be supported. Should there be further progress on supporting the DODO wallet, HBTC will notify its community via an announcement.
About DODO (DODO)
DODO is a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC).
DODO features capital-efficient liquidity pools that support single-token provision, reduced impermanent loss, and minimized 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 removes roadblocks hindering liquidity pool creation for the issuance of new assets such as asset ratios, liquidity depths, fee rates, and other parameters that can be customized and configured in real-time. DODO also introduced Crowdpooling, a permissionless, equal opportunity liquidity offering, as well as customizable technical solutions geared towards professional on-chain market makers.
The DODO token is a governance token which also grants holders trading fee discounts and Crowdpooling/IDO allocations on the platform. DODO tokens can be staked to mint vDODO, which are non-transferable tokens that serve as proof of membership in DODO’s loyalty program.
White Paper: https://dodoex.github.io/docs/docs/whitepaper/
What is Aggregate Trading Pair?
When a user buys and/or sells currencies on HBTC, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves. Aggregate trading is commonly used in the trading industry. The purpose of HBTC aggregate trading is mainly to provide our users with access to new and popular assets.
HBTC aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on HBTC. HBTC will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
19 February 2021