DODO proposes to migrate 2 million tokens to Scroll and invest $100,000 in development funds
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.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
