The wildly popular DOOD token will make its long awaited debut on the Solana blockchain tomorrow. This launch is causing a flurry of enthusiasm inside the Doodles NFT community! The move comes after a Doodles announcement back in February, in which the company shared a roadmap of sorts that included plans for its own new token. The airdrop attached to DOOD token has already boosted the trading volume on Doodles NFTs.
The platform transaction token, DOOD, has a maximum supply of 10 billion tokens. Tokenomics have a large percentage, 68%, of the tokens going to the community. One third of the entire supply will be distributed directly to holders.
According to the detailed payout schedule here, the remaining chunks of the DOOD token supply are reserved for the following. Beyond that, we’ve set up an ecosystem fund to help accelerate the growth of the Doodles universe. Besides that, we provide incentives for the team behind the project, liquidity measures to ensure easy trading, and rewards for newcomers, called “New Blood,” to encourage broader adoption.
Interest around the upcoming DOOD token airdrop has clearly impacted the Doodles NFT floor price. Trading volume has gone through the roof! That’s up 368% week-over-week and up another 60% just in the last 24 hours.
We’re planning for the first release to be on Solana. While Doodles has plans to bring the DOOD token into Base over time, expanding its reach and utility across multiple blockchain ecosystems, such functionality is not yet available. We believe this multi-chain approach will deliver increased flexibility and accessibility to token holders.
