Doodles (DOOD) Token Officially Launches on Solana

Doodles officially introduced its native token, DOOD, which will now operate on the Solana network.

output: TL;DR: Doodles has finally launched its native token, DOOD, on Solana, marking a significant step for the project. The token is now available on major exchanges, including Bybit, Binance Alpha, Gate, KuCoin, and MEXC, with more platforms to follow soon. Users can also claim their airdropped tokens directly on the Doodles website. In other news, Doodles has unveiled DreamNet, a decentralized protocol focused on developing AI-powered interactive narratives. Creators can contribute to the ecosystem by making fictional characters, scenes, games, or animations, which will be compensated if reused. The goal is to foster a collaborative storytelling environment and provide new revenue streams for creators. Furthermore, Doodles has released Lord of the Files, a social survival game set in a corporate office. Players will battle for a 500,000 DOOD prize pool in a unique blend of social media engagement and progressive elimination. This game will be one of the first to integrate DOOD for native use cases.

Doodles (DOOD) Token Economic Overview

The total supply of DOOD is 10 billion, with 30% allocated to the community through airdrops and claims. A substantial 25% is reserved for a fund that will support the development of new applications and games within the ecosystem. The team will retain 17% of the tokens for ongoing project management and operations. An additional 13% is designated for "New Blood," an initiative focused on bringing fresh talent and diverse voices into the Doodles project. The remaining tokens will be allocated between providing initial liquidity to major exchanges and covering essential company resources.

Despite the initial launch on Solana, Doodles plans to expand the token to Base in the upcoming months, aiming to broaden the token’s accessibility and use cases.

Since its inception in 2021, Doodles has maintained a collection of 10,000 cartoon-style NFTs, which have become highly sought-after in the Web3 space. Currently, the collection’s floor price on OpenSea stands at 3.37 ETH, which equates to approximately $8,000. In recent days, the collection’s trading volume has surpassed $4 million, highlighting the strong demand for these NFTs. As Doodles continues to develop its ecosystem and expand the use cases for DOOD, the token is expected to attract even more attention and drive further interest in the project’s unique brand of creative storytelling and community engagement.