Binance has announced the 17th project called “DODO” on the Binance Launchpool.

The “DODO” project is decentralized trading platform It provides various services, foremost of which is decentralized lending and borrowing, and “Yield cultivation“.

Users will be able to share BNB, BETH and BUSD in separate pools to get DODO tokens back over the course of 14 days, starting the business.

And it began receiving digital currencies “BNB”, “BETH” and “BUSD” starting today, February 19, 2021 at 12:00 pm UTC.

Cryptocurrency exchange Binance will then list the cryptocurrency “DODO” for trading in the Innovation Zone today, February 19 at 10:00 am UTC.

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The DODO cryptocurrency is available for trading against the following pairs:

• DODO / BTC
• DODO / BUSD
• DODO / USDT

Launchpool DODO details:

• Project name and cryptocurrency: “DODO”.
• Total cryptocurrency supply: 1,000,000,000 DODO.
• Allocate “Launchpool” rewards by: 1,069,518 DODO
• Current rolling supply: 140,000,000 DODO
• Smart Contract Address: DODO (ERC-20)
• Qualifying Terms: There is no upper limit and no KYC requirements are required.

Supported groups:

• The bonus for quoting BNB is: 641,710.8 DODO, 60% of the bonus.
• BETH cryptocurrency stakes: 320,855.4 DODO, 30% of the rewards.
• BUSD stakes: 106,951.8 DODO 10% of the rewards.

Quotation period: February 19, 2021 00:00 AM (UTC) to March 4, 2021 23:59 (UTC).

What was stated in Binance’s explanation about the DODO allocation is the following:

Screenshots of user balances and total group balances will be taken hourly for the users rewards account, which will also be updated hourly.

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Users will be able to accumulate their rewards (calculated hourly) and claim these rewards directly to their instant account at any time.

The annual percentage return (APY) and total group balance will be updated in real time.

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Tokens can only be grouped into one group at a time.

For example, User A cannot participate in the same BNB in ​​two different groups at the same time, but can allocate 50% of the BNB in ​​Group A and 50% in Group B.

Users will be able to redeem their cryptocurrency at any time without delay and participate in any other instantly available pools.

The cryptocurrencies in each pool and any unclaimed rewards will be automatically transferred to each user’s instant accounts at the end of each period.

warning:

Trading newly listed cryptocurrencies on Binance is subject to high risks, so trading should be conducted with caution.

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