About Crowdpooling

Inspired by the call auction mechanism commonplace in securities markets, Crowdpooling is a portmanteau of “crowdfunding” and “liquidity pool”. Here is a high-level description of how it works:

  1. The project owner provides a certain amount of tokens and specifies the unit price and issuance amount of the tokens. Anyone can top up and subscribe within a specified period of time.
  2. The amount of tokens will be allocated according to the amount of funds recharged by users. In case of over-subscription, the token amount will also be allocated according to the amount of funds that the user topped up, and the over-subscribed funds will be returned to the user.
  3. After the end of the crowdfunding period, the public pool will be automatically established on the DODO platform, and the crowdfunding price will be used as the opening price to open the spot trading market immediately.