💰
DODO Token Allocation
$DODO, DODO's native token, was created for two main functions: to incentivize growth and capture value, both of which the DODO team has always viewed as central to the design of any token economy. It also functions as DODO's governance token.
The DODO Team distributes many DODO tokens in cost-effective incentive campaigns to help grow the platform and the community. At the same time, DODO tokens are used to capture the full value of the platform, being distributed to the most loyal DODO community members. This includes up to 60% of the total DODO token supply being set aside for community incentives.
The total DODO token supply is 1 billion, and the token distribution is as follows:
Group | Token Allocation |
|---|---|
Core Team / Future Recruitment / Consultants | 15% |
Investors | 16% |
Initial Liquidity Provision (IDO) | 1% |
Operations / Marketing / Partners | 8% |
Community Incentives | 60% |
Group | Lock-up | Release |
|---|---|---|
Core Team / Future Recruitment / Consultants | 1 year | Linear release over next 2 years |
Seed Round Investors | 1 year | Linear release over next 2 years |
Private Placement Round Investors | 6 months | 10% release after 6 months, then linear release over next year |
Initial Liquidity Provision (IDO) | Tokens were fully released on August 15, 2020 | Tokens were fully released on August 15, 2020 |
Operations / Marketing / Partners | No lock-up | Immediate release |
Community Incentives | No lock-up | Immediate release |
Currently, the DODO protocol is supported on Ethereum, BNB, Arbitrum, Polygon, HECO, OKChain, Moonriver and other networks, with more added every month. Despite this distribution, the total token supply remains the same. The following are some examples of DODO token migrations to other chains:
Last modified 6mo ago