DODO (BSC)

## What Is Dodo (BSC)? Dodo is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) with a “proactive market maker” deployed on [BNB Chain](https://coinmarketcap.com/currencies/bnb/). It employs a custom-made automated market maker ([AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm)), which enables simple trading and issuance of digital assets. Besides aggregating liquidity from other decentralized exchanges, it provides its own liquidity through [liquidity providers](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens). The exchange’s [whitepaper](https://coinmarketcap.com/alexandria/glossary/whitepaper) claims that it offers the best prices for [web3](https://coinmarketcap.com/alexandria/glossary/web-3-0) assets anywhere. The easy and [permissionless](https://coinmarketcap.com/alexandria/glossary/permissionless) [swapping](https://coinmarketcap.com/alexandria/glossary/token-swap) of different tokens with [market orders](https://coinmarketcap.com/alexandria/glossary/market-order-market-buy-market-sell) or [limit orders](https://coinmarketcap.com/alexandria/glossary/limit-order) is accomplished through gasless swap routes that use professional market makers for deeper liquidity with zero [slippage](https://coinmarketcap.com/alexandria/glossary/slippage) and gas fees. An [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) market allows users to trade [ERC-721](https://coinmarketcap.com/alexandria/glossary/erc-721) and [ERC-1155](https://coinmarketcap.com/alexandria/glossary/erc-1155) tokens. Moreover, the [liquidity provider](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens) program is one of the ways to earn on the exchange. For instance, by adding liquidity to receive [LP tokens](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens), users can earn a share of the trading fees. They can also mine single coins or engage in LP market-making mining by adding funds to designated [liquidity pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). [Flash loans](https://coinmarketcap.com/alexandria/glossary/flash-loans) are another option to deploy capital quickly and efficiently. The token creation tool allows developers to deploy tokens on several blockchains like [Ethereum](https://coinmarketcap.com/currencies/ethereum/), BNB Chain, [Polygon](https://coinmarketcap.com/currencies/polygon/) and OKC. ## Who Are the Dodo BSC Founders? Dodo BSC was founded by two Chinese nationals, Qi Wang and Shichi Dai, according to information on Crunchbase. It raised a total of $5 million from 17 different ventures, including Coinbase Ventures, Defiance Capital and Galaxy Digital. ## When Did Dodo BSC Launch? Dodo BSC launched in August 2020. ## Where Is Dodo BSC Located? Crunchbase lists Hong Kong as the exchange’s headquarters. ## Dodo BSC Restricted Countries At the time of writing, there is no information about restricted countries on this exchange. ## Dodo BSC Supported Coins List Thanks to deployment on multiple [EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)-compatible blockchains like [Arbitrum](https://coinmarketcap.com/alexandria/article/what-is-arbitrum-the-ultimate-guide-to-the-arbitrum-ecosystem), [Optimism](https://coinmarketcap.com/alexandria/article/what-is-optimism-the-ultimate-guide-to-the-optimism-ecosystem), [Avalanche](https://coinmarketcap.com/currencies/avalanche/) and [Aurora](https://coinmarketcap.com/currencies/aurora-near/), Dodo BSC supports different tokens across different blockchains. This includes all major tokens and [wrapped Ether](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth) and [wrapped Bitcoin](https://coinmarketcap.com/alexandria/article/what-is-wrapped-bitcoin). ## How Much Are Dodo BSC Fees? Dodo BSC charges a small usage fee for creating new tokens (0.05 BNB) but does not provide any information about trading fees. ## Is It Possible to Use Leverage or Margin Trade on Dodo BSC? There is currently no option to margin trade, but the roadmap promises to introduce [leverage trading](https://coinmarketcap.com/alexandria/article/what-is-leverage-in-crypto-trading-and-how-to-use-it) in 2022.