The collaborative world-building project, Doodles, has introduced its official token, $DOOD, as part of its growing decentralized creative movement. Recognized for its unique animations, short films, and partnerships with renowned global brands, Doodles has established itself as a key player in the industry. With a significant following and billions of views across various platforms, the initiative aims to expand its legacy through blockchain-based innovation.
$DOOD Token Supply and Allocation
The total supply of $DOOD tokens is fixed at 10 billion, with a strong emphasis on community participation in its distribution. The allocation structure is designed to ensure sustainable growth and engagement:
30% designated for Doodles NFT holders.
25% allocated to an ecosystem fund to support development projects.
17% assigned to the project’s team.
13% reserved for onboarding new users.
10% dedicated to liquidity.
5% set aside for operational support and company growth.
To maintain long-term stability, tokens assigned to the development team and company will remain locked for one year. After this period, they will be gradually released over a three-year vesting schedule.
Integration with Layer-2 and Market Impact
Following the launch of $DOOD on the Solana blockchain, Doodles revealed plans to establish a bridge to Layer-2 Base, enhancing scalability and efficiency. While details regarding the airdrop schedule and eligibility criteria have yet to be disclosed, this announcement has triggered significant trading activity within the Doodles NFT ecosystem.
The market reaction was evident as the Doodles NFT collection recorded a 24-hour trading volume of 3,099 ETH, equivalent to approximately $8.34 million USD. Despite this surge in activity, the collection’s floor price experienced only a modest increase of 2.23%, reaching 4.35 ETH. The community continues to anticipate further updates as the project advances its blockchain expansion strategy.
Doodles’ latest initiative underscores its commitment to fostering a decentralized creative space while leveraging blockchain technology to enhance engagement and participation.