DODO proposes to migrate 2 million tokens to Scroll and invest $100,000 in development funds

Bitget App

Trade smarter

Cointime2023/11/30 13:39

By:Cointime

On November 30th, DODO recently released the DIP-17 proposal, announcing plans to migrate 2 million DODO tokens to the zkEVM Layer 2 solution Scroll. The aim is to use Scroll's advanced technology to provide greater scalability and performance for DODOX - DODO's cross-chain DEX aggregator. At the same time, the proposal also includes the allocation of $100,000 from the DODO Community Fund, aimed at promoting Scroll's trading volume and user participation through an ecosystem incentive program based on liquidity and transaction volume, thereby promoting the continued growth and sustainability of the community fund.
The proposal is now open for voting and will end at 5:00 pm on December 4th, with a current approval rate of 100%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.

The Block•2025/01/30 21:34

'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT

The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”

The Block•2025/01/30 21:34