DODO is a DeFi protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM).
The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of LP, lower price slippage, and negate impermanent loss by allowing arbitrage trading as reward.
What is SwapX:
- SwapX is an AMM Aggregator protocol developed by the LaunchZone team. This protocol automatically helps users acquire the best swap rate available on all BSC’s AMMs.
- Obviously, our swapx.launchzone.org offers better swap rates than other AMMs because it finds the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user’s orders.
- Increase the number of users and the adoption of Binance Smart Chain.
- Increase transaction volume and liquidity for DODO.
- Help users get the best swap rate when swapping trading pairs with DODO.
Form of implementation:
- The Referral Trading Contest organized by LaunchZone SwapX
Location of implementation:
- Users who connect his/her wallet to SwapX shall have a unique referral link. The user copies the link and sends it to his/her friends. The winner of the contest will be the one with the highest total of friends’ trading volume.
Price and reward:
Time period of implementation:
- 1 week.
- Date & Time: From 14th April 2021, 10:30 PM (Hongkong Time) to 21st April 2021, 10:30 PM (Hongkong Time).
Ranking reward structure:
- 1st Place: 14.525 DODO (7% total reward pool)
- 2nd Place: 10.375 DODO (5% total reward pool)
- 3rd Place: 8.300 DODO (4% total reward pool)
- 4th Place: 6.225 DODO (3% total reward pool)
- 5th-10th Place: 3.112 DODO (1.5% total reward pool)
- 11th-100th Place: 1.660 DODO (0.8% total reward pool)
- LaunchZone reserves the right to disqualify traders that are deemed wash trades or showing any kind of self-dealing.
- LaunchZone shall only calculate the total buy & sell volume of $DODO token overall trading pairs.
- LaunchZone reserves the right to cancel or amend any activity or activity rules at our sole discretion.
- The rewards will be contributed directly to the wallets of winners within 1 month after the campaign ends.
- All the rewards will be paid in DODO.
- Participants need to follow LaunchZone’s Twitter: https://twitter.com/launchzoneann
- Participants need to join our Telegram group https://t.me/bscextalk