DooDoo is a top-performing meme coin within the Aptos ecosystem. Embracing a unique meme symbol, it represents a community-driven meme project conceived by its members with principles of fairness, equality, and transparency at its core.
In DooDoo, every participant holds a stake and a voice, fostering an environment of collective decision-making. DooDoo prioritizes community development, promoting inclusivity and empowerment in the crypto industry.
What is Aptos Ecosystem?
The Aptos ecosystem has recently experienced a surge in activity, indicating a potential shift in the meme coin market. Aptos is a Layer 1 platform that stands out among some big projects like Solana and Near Protocol. Even though the market is moving towards Modular Blockchain, Aptos network is committed to the Monolithic Blockchain path.
In a nutshell, modular blockchains have higher adaptability with specialized chains for specific tasks and greater design flexibility. Monolithic blockchains are less complex and feature a single-system architecture, which helps simplify the tasks but hampers flexibility and scalability.
The Aptos network provides developers with the ability to build protocols and dApps across different industries, from DeFi to NFTs and gaming. Aptos aims to establish a robust foundation for various applications.
The Block-STM algorithm is at the heart of the Aptos network, which is also employed by Diem Stablecoin and Blockchain. This innovative algorithm facilitates Smart Contracts to execute concurrently, enhancing the platform's efficiency and scalability. During rigorous testing on the Aptos Testnet, the platform achieved an impressive throughput of 160,000 transactions per second, indicating its ability to handle significant workloads, particularly in the minting of NFTs.
What is DooDoo?
Official Website | Contract Address | Twitter | Telegram
DOODOO is a meme that originated from the local culture and serves as a playful way to discuss ongoing projects within the community. Its creators intended it to be a source of laughter and to foster unity and friendly competition among community members.
It is important to note that DOODOO is not meant to be offensive or hurtful but rather a creative and lighthearted way to share amusing perspectives. The community has embraced DOODOO as a way to engage in friendly discourse, and it has become one of the most popular meme coins on Aptos.
Features of DooDoo
Investopedia describes meme coins as a type of cryptocurrency that's highly speculative and supported by certain enthusiastic online communities. DOODOO is a unique project that was created purely for the purpose of sarcasm. Let's take a look at what sets it apart:
- Artistic Value Only
- Testing in production
- No Financial Gain
- Innovative technology
- No Promises or Guarantees
- Assumption of Risk
- Compliance with Laws
Unlike financial assets, DOODOO is a purely digital creation that does not represent any share, stake, debt, or security in any entity. The creators emphasize that its value is entirely based on artistic expression and is subjective, meant for aesthetic appreciation only.
DooDoo Tokenomics
DooDoo has created a unique ecosystem that prioritizes community engagement and creativity. Its limited token supply and passionate holder community pave the way for a new era of digital and free expression.
- Token Symbol: DOODOO
- Token Supply: 42M DOODOO
- Market Cap: $3.13 million
- Holders: 20536
- Fully Diluted Valuation (FDV): $31 million
- Trading Price: $0.746
Data source: The data above is real-time data from DooDoo stats as of May 10, 2024.
DooDoo is Migrating to Solana
DooDoo has announced on X a short roadmap to migrate to Solana Blockchain. Here’s the roadmap:
- Migrate to Solana for a safer multisig
- Liquidity + airdrop
- Audit
Although they didn’t add a specific time for the roadmap, they explained that there are daily limits on how much liquidity can be migrated from Aptos to Solana.
Solana Vs. Aptos
Solana Vs Aptos: Pros and Cons
Pros of Solana
- Efficiency: Solana works fast, handling over 65,000 transactions per second (TPS), and it's cheap, too, costing only $0.00025. This means a lot of people can use it at once, and it's easy for everyone to access.
- Market Share: Solana is very popular for smart contracts and dApps, just like Ethereum. It has a big share of the market, and its value is ten times higher than that of Aptos.
Cons of Solana
- Network Outages: Solana had a lot of times when it couldn't work properly in 2022. There were 5 big times and some smaller ones when the network was down. This was a big problem for people who invested in Solana and for users who couldn't use the network during these times.
- Not 100% Decentralized: Solana isn't very decentralized. Only 1,000 validators check if transactions are correct on the network. Anyone can be a validator, but it costs a lot of money. You also need a sophisticated machine, and it costs a lot to keep them running.
Pros of Aptos
Speed: Aptos says it can execute more than 150,000 transactions every second, which is really fast compared to other blockchains. It manages this by implementing parallel execution of transactions.
Great Team: The team behind Aptos used to work on Facebook's Diem project. They use the same programming language and systems. Having a good team with a lot of knowledge in the industry is really important for a blockchain project to be successful.
Cons of Aptos
- Brand New Project: Aptos is still new, with just a few projects running on its blockchain, and it has yet to establish itself in the Web3 market. Until the project is tested at a bigger scale, it is still difficult to tell if it can live up to all its promises.
How to Buy and Trade DooDoo Tokens?
CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide with a 100% reserve. With its 1000+ tokens supported, including DOODOO, users can now trade easily and seamlessly. To buy DOODOO tokens on CoinEx, follow the steps below.
- Create an Account: To start trading DOODOO on CoinEx, you need to create an account and deposit funds.
- Deposit Funds: Once your account is created, log in and deposit funds using any supported cryptocurrencies or deposit methods available on the exchange. Having enough funds in your account enables you to execute trades seamlessly.
- Navigate to DOODOO Trading Page: After your account is funded, navigate to the dedicated DOODOO trading page on the exchange. To locate the DOODOO trading pairs, use the search box on the crypto trading page and enter the term “DOODOO."
- Choose a Trading Pair: Select the DOODOO/USDT trading pair, for example, to trade DOODOO against USDT (Tether).
- Specify the Purchase Amount: The next step is to specify the number of DOODOO you wish to buy. You have the option to either buy them at the current market price or set a limit for your desired buying price on the trading page.
- Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. Remember to deposit enough funds in your account to enable seamless trading.
By following these few steps, you can easily trade DOODOO tokens on CoinEx, taking advantage of the available trading pairs and favorable prices and fees.
Post-Listing on CoinEx Changes
Following DooDoo's listing on CoinEx, some shifts were observed in trading activity, liquidity levels, and community participation.
Trading volume experienced notable fluctuations, reflecting the market's response to DooDoo's availability on a major exchange.
The trading volume went from $1M to $1.77M, and the price went from $1.72 to $2.23 just a day after the listing on CoinEx on 22 March.
Liquidity, too, went up as more traders entered the market, impacting price stability and trading conditions. Additionally, heightened community engagement was evident as discussions around DooDoo intensified, fostering a sense of strong community and shared enthusiasm among holders.
DooDoo's listing on big exchanges bears long-term implications for its ecosystem and also for the Solana ecosystem, potentially influencing its growth trajectory and the dynamics of decentralized finance.
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