Doodles, the team behind the globally acknowledged non-fungible token collection Doodles, has launched its official token, $DOOD. The Doodles NFT team just announced its native token a few hours ago at the NFT Paris event at Grande Halle de la Villette in Paris, France. In this article, we shall exclusively explore more details about the newly launched NFT coin as well as its tokenomics.
Doodles Launches Its Native Token $DOOD
In a February 13 blog post, the Doodles NFT team, through its X account, confirmed launching its official token “$DOOD” for the Doodles NFT collection. The Doodles NFT team announced the launch of its token while in Paris, France, for the annual NFT event, NFT Paris. Established three years ago, NFT Paris is a yearly non-fungible token event that brings together over 20,000 visitors and over 400 speakers from different regions worldwide to rekindle the NFT fire.
The NFT Paris event kicked off today, February 13, 2025, and will run until February 14, 2025. This annual event features high-profile speakers from top NFT brands, including Mr Luca Netz, the chief executive officer of Pudgy Penguins, Sebastien Borget, the Sandbox CEO, and Burnt Toast, the creator of Doodles NFT Collection. Others include Zagabond from Azuki, Robby Young from the Animoca, Vivien Barbara from Pepe, Arthurs Breitman from Tezos, and Michael from the Abstract.
Launched in 2021, Doodles is a globally acknowledged non-fungible token collection from the digital artist Burnt Toast featuring a limited edition of 10,000 cartoons hosted on the Ethereum blockchain network. The NFT collection Doodle features a combination of traits, ranging from hairstyles and clothing to accessories and more. Since its inception, Doodles has gained popularity for its distinctive style, presentation, and leadership.
Doodles ($DOOD) Tokenomics
In a surprising incident at NFT Paris, the Doodles NFT team launched its native token called $DOOD. The newly unveiled token has a limited edition of 10 billion tokens created on Solana, with a future bridge to Base, an Ethereum Layer Two blockchain network. The NFT team has allocated 68% of the total supply to the community. Of the 68% allocated supply, 30% will go to the Doodles NFT community.
Moreover, the Doodles NFT team has allocated 5% to the company, 10% to liquidity, 17% to the team, 25% to the Ecosystem fund, and 13% of the total 68% supply to the new blood. The Doodles NFT collection has skyrocketed to unprecedented heights in light of this great announcement. In the past 24 hours, the Doodles NFT collection has amassed a trading sales volume of 2,940 ETH, up over 400% from the previous day.
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