The Fifth DODO Buyback and Distribution is Complete

Since the implementation of DIP-3 on July 8, 2021, the DODO platform has been operating under a new trading fee distribution system, where 80% of the trading fees are distributed to the liquidity providers (LPs), 15% is used to buy back DODO tokens (to then be distributed to vDODO holders as vDODO), and the remaining 5% will be used to fund a community treasury.

Buyback and Transaction Records

The fifth DODO Buyback has been completed as follows:

• Trading fees accrued on BSC were exchanged for a total of 25,067 USDT, and they were then cross-bridged to the Ethereum mainnet. The transaction hash is as follows: https://etherscan.io/tx/0xb60a740ebab545a934615918329f99513ec4383631356dc93f70ca71443ea0c2 

• Trading fees accrued on Arbitrum One were exchanged for a total of 17,139 USDT, and they were then cross-bridged to the Ethereum mainnet. The transaction hash is as follows: https://etherscan.io/tx/0xfb52e9ca8dd3d2710881246aee9dd2f3409c70c92b504d237aa7331b94d2286e

• 35,029  DODO tokens were bought back with a total of 48,315 USDT. The transaction hash is as follows: https://etherscan.io/tx/0xfb38d7b1c2063b7f51e80037d78163fcac31dac7c4a0de602fbbd4a6d0db55ee 
• These 35,029 DODO tokens were then transferred to the vDODO smart contract. The transaction hash is as follows: https://etherscan.io/tx/0x76612a60423564bd337cf0ff38562154b006dd1b7a7d2ea504469850548d1323  
• 16,109 USDT were transferred to the community treasury. The transaction hash is as follows: https://etherscan.io/tx/0x718dfcedddc86c45fcbd98fe0c5ea0fc68cb3e5c0790bb267151c4de4df3286d 

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