vDODO Transferability is Now in Effect

Published on: 14.10.2021

DODO announced that after extensive testing, checks, and security audits, vDODO token’s transferability function has now been enabled.

Pursuant to the passage of DIP-5, holders can now transfer vDODO tokens freely just as they do with any other ERC-20 token. vDODO token holders can add vDODO’s token contract address, 0xc4436fBAE6eBa5d95bf7d53Ae515F8A707Bd402A, to their wallet applications to see their balance.

The vDODO reward rules remain unchanged, as outlined in the DODOnomics v2 article in February 2021.

When vDODO tokens are transferred from one wallet address to another, the new owner will get the future vDODO staking rewards accrued after the transfer has taken place. That is, if your wallet address gets vDODO transferred to it, you will be entitled to receive their future staking rewards, accrued starting from when you received these vDODO tokens.

The staking rewards, denoted also in vDODO, will be automatically addedto your wallet address, i.e. there is no claiming required. If you want to exchange vDODO for DODO, then you will need to redeem them on DODO’s vDODO page. Please note that an exit fee will be applied. The exit fee percentage is shown on the vDODO page as well.

In addition, the vDODO referral/invitation relationship will be adjusted according to the following rules.