Introducing $DOOD: The Official Token of Doodles
The official token of Doodles, a thriving world-building collaborative, is $DOOD. Distinguished by its fascinating cartoons, short films, and collaborations with leading international brands, Doodles has been a pioneer in the decentralized creative movement. Doodles is creating a legacy with billions of views on many platforms, driven by its fervent audience.
The $DOOD Token Supply and Distribution
The total supply of $DOOD tokens is capped at 10 billion. The distribution focuses heavily on community involvement:
- 30% for Doodles NFT owners.
- 25% allocated to an ecosystem fund for development initiatives.
- 17% for the project team.
- 13% reserved for attracting new users.
- 10% set aside for liquidity.
- 5% for the company to support operations and growth.
Source: Doodles
Tokens for the development team and the company will be locked for one year, followed by a gradual unlock through a three-year vesting schedule.
Doodles announced plans to open a $DOOD bridge to Layer-2 Base after launching the token on Solana.The schedule and requirements for the airdrop, however, have not yet been made public. With a 24-hour trading volume of 3,099 ETH (about $8.34 million USD), this statement caused a lot of trading activity in the Doodles NFT collection. Despite this surge, the collection’s floor price saw only a slight increase of 2.23%, now at 4.35 ETH.
About Doodles
When Doodles first appeared in 2021 as a collection of 10,000 NFTs, they immediately became well-liked among collectors. By September 2022, the project had raised $54 million, with a $704 million valuation. Pharrell Williams was named Chief Brand Officer, which was a big change for Doodles. Pharrell Williams’ appointment as Chief Brand Officer marked a pivotal shift for Doodles. The project evolved from an NFT-focused venture into a media company with ambitions to redefine entertainment.
Source: Doodles
Over the past two years, Doodles has widened its scope:
- Partnering with McDonald’s on an advertising campaign.
- Delving into music, content creation, and event organization.
- Investing in animation with the vision of becoming the “Disney of Web3.”
In an effort to fortify ecosystems, NFT brands are increasingly issuing their own tokens, and Doodles is joining the trend by introducing $DOOD on Solana. Projects that have taken similar approaches and are gaining traction in the cryptocurrency market include Magic Eden ($ME), Milady ($CULT), and Pudgy Penguins ($PENGU).
