DODO DEX, Will Officially List Their DODO Vesting Voucher on Solv’s Internal Marketplace

Solv Protocol Seahorse Initiative partner, DODO DEX, will officially list their DODO Vesting Voucher on Solv’s internal marketplace on July 28th. This is the initial public offering of Solv Vouchers, which will officially open the Solv Voucher market with 100,000 $DODO Vesting Vouchers, with the price 50% lower than the average market price over the last 30 days. The purpose of this voucher listing is to provide long-term supporters of the DODO community with the chance to buy DODO shares at a substantial discount.

The listing of DODO Vesting Voucher demonstrates the true potential of Solv Vouchers. In addition to helping projects manage their lock-up tokens via NFTs, a number of scenarios are also suitable to adopt Vesting Vouchers as an upgraded solution, such as airdrop incentives, mining incentives, and more. Incentivizing users with locked-up tokens, rather than spot tokens, will help projects build a more sustainable relationship with their community over the long term. The sale of DODO Vesting Voucher aims to connect the long-term supporters in the community with deeper interactions, thus establishing a tighter value network for the DODO community.

“I’m pleased to see the progress Solv’s team has made at Financial NFT-as-a-Service. Solv has been working on convenient and efficient management for vesting tokens and corresponding trading solutions, which will help create an open and transparent market for these derivatives of lock-up tokens between projects and investors.”—Diane Dai, co-founder of DODO

DODO has minted 100,000 $DODO into vouchers, which will be released linearly with the same schedule as its seed round investors. Its 24-months release process will start on September 29, 2021, which will be automatically executed by the smart contract. Holders can also transfer their vouchers in Solv’s internal marketplace or through other NFT trading platforms such as OpenSea. Users can also borrow against vouchers on NFT lending platforms like NFTfi.

The Seahorse Initiative is an open community project initiated by Solv Vouchers to develop the potential of vouchers as Financial NFT in the crypto world for forward-thinking teams and projects. Solv will provide incentives to participants in the first phase of the voucher program.

ABOUT SOLV  Protocol
Solv is a DeFi protocol which has created the first ever vNFT token standard, designed for the future of DeFi & Financial NFT’s.

ABOUT DODO DEX
DODO DEX allows liquidity providers to deposit any amount of base or quote tokens. DODO is a decentralized exchange (DEX) that leverages the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC). According to its website, PMM features more capital-efficient liquidity pools compared to traditional automated market makers (AMM).

RESOURCES
Medium