What is TeddyDoge (TEDDY)

TeddyDoge is a comprehensive decentralized exchange that operates on the DRAC Network. It offers a range of DEFI tools such as swapping, liquidity provision, farming, aggregate transactions, and derivatives. It supports transactions on 15 mainstream chains and their respective chart systems, as well as cross-chain transactions. The platform also includes features like token and liquidity multi-scheme locking, TeddyWallet, and more. In short, Teddy Doge serves as a one-stop solution for all DEFI needs.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (TEDDY/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is TeddyDoge (TEDDY)
What is TeddyDoge (TEDDY)

The Core Feature of TeddyDoge

TeddyDoge is a decentralized exchange designed to provide a comprehensive range of services to its community. It aims to create a broad network effect by intertwining various decentralized markets and instruments. The platform offers several core products, such as swaps, aggregate transactions, liquidity, farm, and many more.

These products are configured to maintain the decentralized governance of TEDDY token holders, allowing the community to vote on significant structural changes while giving the Teddyswap team control over day-to-day operations, pool rebalancing, business strategy, and overall development.

TeddySwap operates as an automated market-making (PMM) decentralized exchange (DEX) on the blockchain. Along with the DEX, the platform includes governance, operations, and reward contracts to support the growth of the TeddyDoge ecosystem and utilization.

Use Cases of TeddySwap

Mainstream assets like BTC and ETH have higher trading volumes on external markets, making them a reliable source for retrieving market prices on other platforms. The PMM model used by TeddySwap adjusts these market prices to minimize impermanent loss (IL) and increase capital efficiency. This approach also allows for liquidity provision with a single token, meaning market makers are not required to deposit tokens in the same way as on Uniswap-style AMM platforms.

Automated market-making with low barriers to entry is particularly useful for newly-issued assets that have little sell-side liquidity on automated market maker (AMM) platforms. The proactive adjustment of mid prices by PMM can help these assets. It provides the initial liquidity they need for long-term growth and sustainability. Furthermore, asset issuers do not need to have large amounts of capital on standby to pair up with their assets when initializing liquidity pools. This reduces the barrier to entry for smaller projects. Thus, they can choose to initialize liquidity with 100% of their own token and 0% of stablecoins or ETH. In this use case, PMM gives pricing power to takers entirely. Meanwhile, makers have no control over the price discovery mechanism. Learn more about TeddySwap at their whitepaper now!

Tokenomics of TeddyDoge

Tokenomics of TeddyDoge
Tokenomics of TeddyDoge

The total issuance of TeddySwap is 15 billion tokens, with 9 billion tokens reserved for the liquidity of the decentralized exchange (DEX). Additionally, there is a private placement of 2 billion tokens, with 20 private placement units, subject to a lock-up period of 30-90 days, and an address announcement. The total private equity fund is 300,000 USDT.

The team holds 2.8 billion tokens, and the address will be announced. There is also a community allocation of 500 million tokens for the 1st Initial Dex Offering (IDO) funds, with 100,000 USDT raised, and an issue price of 0.0002$. Similarly, there is a community allocation of 200 million tokens for the 2nd IDO funds, with 100,000 USDT raised, and an issue price of 0.0005$.

Furthermore, 500,000,000 tokens are allocated for farm staking bonuses. It also has an automatic daily injection of 500,000 tokens into the farm reward for 1000 days.

Where to buy TEDDY Token

You can find TEDDY Token here at MEXC! We are listing TEDDY/USDT in our Innovation Zone!

What is the Price of TEDDY Tokens?

TEDDY token is currently trading at MEXC for $0.000000003862. It has a fully diluted market of $4,963,800. It also has a 24-hour trading volume of $2,324,159. You can check the live price of their token right here!

How to buy TEDDY Tokens on MEXC

You can buy TEDDY Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “TEDDY” using the search bar to see the available trading pairs. Take TEDDY/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of TEDDY you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy TEDDY] to confirm your order. You will find the purchased TEDDY in your Spot Wallet.

You can find a detailed guide on how to buy TEDDY Tokens here.

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