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DODO Review – Is DODO Exchange Scam or Legit? (Complete Review)

DODO Exchange Rating
Read our DODO review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this DODO review before you sign up with the exchange.
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DODO Review

DODO logo

There are many decentralized systems in existence, but Uniswap has been leading the race. What the world of decentralized exchange needs is a system that can tackle the flaws of Uniswap instead of behaving in the same way; this is what DODO Exchange is on the edge of doing. This is a DODO Exchange review, highlighting its groundbreaking market evolution for perfection.

DODO exchange has announced its interest in taking over the market shares of Uniswap. This handing over could lead to improvement on the existing problems. The new owners are focused on eliminating permanent loss while working on upgrading the level of liquidity. They will do this upgrade through a market-making algorithm.

The well-programmed new market maker algorithm has been developed with Proactive Market Maker (PMM) by the founders of DODO Exchange. This combination of both programs takes over the Automated Market maker (AMM) model run by Uniswap, among other decentralized exchanges. The new program, PMM, is designed to use changing market determinants to respond to liquidity variables in real-time.

Exchange platformDODO
Variety crypto  9
Account neededNo
Verification levels2
Trading PlatformWeb-based
Payment MethodBank account, DODO wallet, Debit/Credit card, Wire transfer, Crypto Conversion
Customer SupportEmail, Twitter, Phone

 What is DODO Exchange?

It is a decentralized finance (Defi) company owned by the Chinese. It uses the Ethereum network. This exchange is the innovation taking over the exchange world, with its on-chain liquidity provider (LP). The system market maker is one of a kind and it focuses on offering stable prices and better liquidity in the decentralized world.


DODO website

When this system’s program, PPM, is compared with other decentralized exchanges using AMM, you’ll observe they have upgraded to a new generation system to fortify the existing decentralized exchanges.

How the PMM price mechanism works is simple. The price mechanism works the same way humans behave in the trading world. The system uses these behaviors combined with predictions to create almost perfect market prices for assets.

Sufficient liquidity to cover these changing prices is designed to maintain the assets provided by the liquidity providers (LP), reduce slippage in price, and, at the same time, eliminate the problem of impermanent loss with an issuance of rewards from arbitrage trading.

DODO also supports other latest crypto projects running on a zero cost ICO listing with the help of its initial DODO Offering (IDO). This system allows issuers to make deposits with only their tokens. DODO’s smart contract runs using the ERC20, a token within the Ethereum system. Radar Bear, Diane Dai, and other identified developers teamed up to program the DODO exchange.

Framework ventures further looked into the system, costing the company a whopping $600000. The decentralized exchange was launched in August 2020. However, the exchange was first spoken of, in September 2020, to have successfully finished its final phase, which cost another sum of $5 million in anonymous contribution. Other investors were also present for this private sale. These investors are well-known people in venture capital firms and cryptocurrency exchanges.

DODO Exchange Trading services

The developers of the DODO exchange claim that the PMM algorithm is better in price prediction than the AMM algorithm used by other competitors. This improvement is a result of a more stable value curve.

The PMM algorithm used market values to reimburse its funding, to have enough liquidity. This liquidity often falls rapidly due to the change in prices from the initial market value. DODO automatically maintains the liquidity provider portfolio by rewarding attractive arbitrage due to the changing market prices.

With this in place, you can be sure of stable prices, increased use of funds, reduced price slippage, lower exposure to risk, and no impermanent loss.

DODO Exchange fees

Almost all existing centralized systems have an imposed fee on the transaction. This fee is paid by both parties – the takers and the maker. The makers are users that have put out some assets in the order book and seek buyers. These groups pay what is known as the maker fee. In contrast, the takers are those ready to purchase those assets from the order book. This group pays the taker fee. This process is known as the flat fee; this fee is being imposed on the maker and the taker.

Some of the decentralized systems have no fee imposed on making transactions through their platform. This will soon leave those sets of decentralized systems bankrupt. However, DODO is one of those decentralized exchanges that do not place any charges on transactions.

Withdrawal and Deposit Fees

At the time of writing this review, DODO Exchange, like other decentralized systems, has no charge and no imposed fee on transfers or withdrawals. The only fee a user pays is the network fee.

These fees are not profitable to the exchange. Still, they are produced as imposed compensation to the relevant crypto/blockchain network in use. This fee can increase or decrease according to the number of users on the network.

DODO DEX provides an opportunity for liquidity providers to deposit any desired amount of base or quote tokens. You are allowed to deposit according to your pocket. Liquidity providers can select the type of market-mode they want by using a single-token deposit. 

Network fee charges alone are not sufficient to run such a platform. It is also considered below average in the crypto withdrawal world. 

DODO’s level of liquidity is more beneficial to traders than what is offered by centralized exchanges (CEX). Smart contracts are utilizing this opportunity from making transactions on-chain. An example of this is auctions and liquidation. DODO arbitrages are also a price advantage over exchanges.

DODO liquid providers require no maximum deposit and they have a wide range of acceptable liquid assets. LPs are allowed to create their trading pairs, deposit their tokens to reduce the risk involved in price fluctuation, and receive a reward from the transaction fee charged by the DODO exchange.

Like every other decentralized system, fiat currency is not yet accepted as a direct means of deposit in DODO. However, you can make such a deposit by purchasing crypto from an entry-level exchange that accepts fiat currencies. This exchange charges a transaction fee.

DODO Exchange API

The DODO API is unique and reimbursed with real-time quotes, which is used for exchange between arbitrary tokens on Ethereum Mai Ethereum Mainnet, Binance Smart Chain (BSC), Polygon, and Huobi ECO Chain (HECO Chain), as well as Application Binary Interface (ABI) data. These data are utilized in the smart contract for making interactions on the network. 

The developers of the DODO exchange have incorporated a trading API into the system’s smart contract. This trade API is seen on their platform to formulate different trading features due to the availability of API’S plug-and-play integration process. The system API functions by collecting and comparing price data from various liquidity sources for a token. Some of the sources for the data include DODO v1, DODO v2, 1inch API, 0xAPI, ParaSwapAPI, professional market makers, and DODO’s traditional aggregation algorithm.

The servers used in the DEX platforms are usually scattered worldwide, unlike the centralized system whose servers are jam-packed in a specific location. This pattern of dispersed servers makes it easy to avoid hackers as an attack on a particular server won’t affect other servers. This pattern also lowers the risk involved, as there is no downtime opportunity for hackers to infiltrate. 

During an exchange on the DEX platform, your tokens are not left in the hands of the exchange. So, even when there is a break in the exchange, the risk of losing your coins is at its minimum. Unlike a centralized system whose token is kept in the exchange, an attack risks missing a token.

Limits and Liquidity

As of this writing in 2021, DODO’s estimated trading liquidity was USD 66.4 million, according to

This ranks DODO exchange number 9 on the list of decentralized systems with a high number of trading liquidity in 24 hours. 

The total amount of DODO token spread around the work amounts to more than 900 million (900,000,000), With a circulation of 12 billion coins.

Total Token Supply: 1,000,000,000 DODO

Current Circulating Supply: 140,000,000 DODO

Launchpool token rewards: 1,069,518 DODO

Staking Terms: No upper limit. No KYC required

Smart Contract Address: DODO (ERC-20)

DODO disburses their funds accordingly:

60% to community incentives

16% to investors

15% to the core team/future hires/advisors

8% to operations/marketing/partnerships

1% to initial liquidity provision (IDO)

DODO exchange Portfolios

Platforms with many trading options are attractive and amass more users. These many available options make the interface a user-friendly one. With the display of these options, users can gain more knowledge and experience as they witness the rate at which other coins fluctuate.

This can create insight into other alternative trades the user can get involved in. DODO is among many platforms that offer such kinds of services. The platform has many coins in its portfolio: this can help a user make alternate trading in different available coins.

Due to many alternatives and a simple user interface, an expert and a newbie can easily find their way around the trading world without help. The security provides complete control of assets to the user, which can help them control and invest wherever they desire. The system comes with a minimum risk compared to others.

Cryptocurrencies available on DODO exchange

DODO token is gaining more and more popularity on crypto exchange platforms compared to other cryptocurrencies. Even though you can purchase these coins directly with fiat currency, you can use Bitcoin, ETH, USDT, BNB to buy these tokens. Traders can get Bitcoin, ETH, USDT, BNB from any significant exchange that accepts fiat currencies. You can move your coins to your DODO wallet and begin to trade.

The platform accepts Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB), and many other coins. DODO exchange also has some stable coins pegged to some fiat currencies, such as the USD or EUR. The platform also accepts Coinone, CoinEx, Kucoin, BW, HitBtc, Binance, and

When purchasing Bitcoin, ETH, USDT, and BNB through an exchange platform, you can use your debit/credit card. There’s also an option for bank transfer which might be cheaper than the debit/credit card option, but it is slow while the card option is fast.

DODO exchange Interface

All trading platforms have a trading interface to view all that is happening in the trading market. This interface displays trading activities on every accepted coin in the exchange. It shows the prices of the current coins, buy and sell options, where makers can place an order while taking liquidity orders on accepted crypto. You can also view transaction history: this will show all the previous transactions on the system.

How secure is DODO exchange

DODO exchange is a DEX, which means there is a lower risk of an attack on the system. However, there are still a few risks faced by this exchange, just like any other DEX exchange. Below are the main risks faced by the DODO exchange.


Slippage happens when a trader’s price increases or decreases from the initial price when you placed the order. This often occurs when the market is highly volatile and it is caused by the slow execution of transactions generated by blockchain technology.

Another common contributor to slippage is lack of liquidity. If the illiquid assets in trade are more than the liquefied assets, slippage will occur. However, this risk has been handled to a minimum by Uniswap by making liquidity available for every market.

So with this upgrade, every trader can now have an outsized share of liquidity to use. This is done by keeping those constraints that can have a high impact on exchange liquidity away from the market.

Impermanent Loss

This risk is faced by most of the DEX exchanges existing presently. This can be avoided by having a third party involved in the market. This third party, such as Chainlink, will provide its price oracle about the market. However, Uniswap does not rely on epic oracle for its execution but its internal algorithm for pricing. This can cause the prices on assets in Uniswap to have a wide gap from the same assets on other platforms.

Impermanent Loss Balancer

For example, if there is an increase or decrease in a token, that new change will not impact the coin immediately. This creates an opportunity for arbitrageurs to make a profit from the price difference.

Arbitrage is a common risk associated with Uniswap because traders use it as an opportunity to sell or buy cheap assets to make a considerable profit. This process poses no harm except when added to the Uniswap pool. The pool is not programmed to block such activities, so there can be extreme impermanent loss in the exchange.

Since users get a reward for staking their assets in the pools, the system keeps the value constant during this high price and volatility to prevent the arbitrageurs from getting involved. 

Customer support

DODO exchange has customer support in times of need. The support system is made up of experts in the field of crypto/blockchain. Traders can contact this customer support any time of the day when they have a complaint or need help with trading. The interface comes with a FAQ section to see if such a problem has already been answered. If not, you can drop your complaint and expect an answer in a while.

Like every DEX exchange platform, the exchange does not call a user asking for confidential passwords or codes. In fact, the platform cannot reach a user by phone call. However, the interface is available on phones which means you can control your assets anytime you want.

In case of any suspicious activities on your account, you can report to customer care to deactivate your account and reactivate it when such actions are no more. The customer service can mostly be reached by:

  • Email

This is the most straightforward form of contact for customer care. Forward an email with a vivid explanation of your complaint, attached to your account link for easy verification.

  • Twitter

The exchange also has a Twitter handle mainly for posting updates and news. On the Twitter handle also, you can find some FAQs you can use for your compliance.

  • Phone

DODO exchange has no phone support. However, you can request this support through an email, especially when you wish to deactivate or reactivate your account. Some information will be asked of you before the number is released to you.


There is no doubt concerning DODO exchange as it is the new generational tool on decentralized exchanges. The risk associated with liquidity has been eradicated for such providers. The system’s infusion of Proactive Market Maker technology has brought about stable prices and increased liquidity volume.

Their services are taking over. The new features such as crowd pooling, IDO allocations, trader mining, NFT vaults, the DODO Vending Machine, and private liquidity pools have made the platform more potent and stable for traders.

Aside from those features, the exchange is fast and reliable. Even a novice with no experience can trade on the platform.

In summary, DODO exchange is the innovation set to eradicate the impermanent loss and slippage faced by most decentralized systems, since its technology creates its token using real-time markets.

DODO Exchange Rating
Read our DODO review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this DODO review before you sign up with the exchange.
Account Types
Trading Speed
Customer Service
New Artificial Intelligence Crypto Trading System:

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Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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