DODO Booster Program Adds Gitcoin, Kicks Off GTC/DODO Liquidity Mining Campaign on May 26

Hello CommanDODOs,

The DODO Booster Program will be adding Gitcoin ($GTC) to its roster and starting a 4-week GTC/DODO liquidity mining campaign. Liquidity providers for this pool will be rewarded with DODO tokens.

Event Period

Campaign Start Block Number: 12508767 (approximately May 26, 2021 at 4:00PM UTC+8 (Singapore Time))

Campaign End Block Number: 12693456 (approximately June 23, 2021 at 4:00PM UTC+8 (Singapore Time))

How to Participate

During the campaign, users who add funds to the GTC/DODO liquidity pool on the DODO ETH platform will receive DLP tokens, and by staking these DLP tokens users will receive DODO tokens as liquidity mining rewards.

GTC Token Contract Address: 0xde30da39c46104798bb5aa3fe8b9e0e1f348163f

GTC/DODO Liquidity Pool Address: 0x6bd8a88375d7e310d6fdc7e1036e5ab7031e9642

Note: Market making and liquidity provision involve risks and are not suitable for every user. The valuation and prices of token assets may fluctuate substantially, and, as a result, users may see profits that are below expectations, or even sustain losses.

A how-to guide to liquidity mining on DODO:

Rewards Distribution

Normally, the mining rewards for the first week is $7,500 worth of DODO tokens. However, thanks to Super Booster, the total value of the mining rewards during the first week of the GTC campaign will be three times the normal amount, meaning that $22,500 worth of DODO tokens will be up for grabs from May 26 to June 2, 2021 UTC+8.

After the first week, DODO will continue to re-adjust the weekly reward value every Monday, based on the total trading volume from the previous week, and the maximum value for a week’s mining rewards could be as high as $45,000 worth of DODO tokens.

Determination of Weekly Rewards

As mentioned previously, the total reward value starting from the second week of the campaign could vary based on the trading volume from the previous week. The weekly reward value is determined by the following rules:

If the total trading volume of the current week is no greater than $5,000,000, the reward value for the next week will be capped at $7,500 worth of DODO tokens.

If the total trading volume of the current week is between $5,000,000 and $10,000,000, the reward value for the next week will be capped at $15,000 worth of DODO tokens.

If the total trading volume of the current week is between $10,000,000 and $15,000,000, the reward value for the next week will be capped at $30,000 worth of DODO tokens.

If the total trading volume of the current week is greater than or equal to $15,000,000, the reward cap for the next week will be capped at $45,000 worth of DODO tokens.

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