Doodles Launches $DOOD Token on Solana with 68% Community Allocation
2min read Doodles, a prominent player in the non-fungible token (NFT) space, has announced the launch of its native token, $DOOD, on May 9, 2025. The token will be issued on the Solana blockchain with a total supply of 10 billion. Notably, 68% of the total supply will be allocated to the community, underscoring Doodles' commitment to decentralization and community engagement. The launch is significant as it marks the token's debut on the Binance Alpha platform and Futures markets, providing users with access to trading and investment opportunities.
The listing on Binance's Alpha platform and Futures markets is a strategic move that enhances the token's liquidity and accessibility. Users will be able to trade $DOOD with leverage of up to 50x on the Futures market. This move is expected to attract a broader range of investors, from those seeking long-term holdings to those interested in short-term speculative trading.
The airdrop mechanism for $DOOD tokens is designed to reward early supporters and active users. Eligible wallets will receive their airdropped tokens within 10 minutes of trading, provided they meet the Alpha Points threshold. This approach not only incentivizes community participation but also ensures a fair distribution of tokens. The airdrop eligibility and claim steps have been clearly outlined, making it easy for users to claim their rewards.
The launch of $DOOD on Solana is a testament to the growing integration of NFTs and blockchain technology. Solana's high-speed and low-cost transactions make it an ideal platform for the $DOOD token, which is expected to facilitate seamless and efficient transactions. The token's issuance as a native asset of the Solana chain further solidifies its position within the ecosystem, providing users with a reliable and secure medium of exchange.
Ask Aime: Is Doodles' native token launch a smart investment?
The community allocation of 68% of the total supply is a significant aspect of the launch. This allocation is likely to foster a sense of ownership and engagement among the community members, who will have a vested interest in the token's success. The community-driven approach is expected to drive innovation and growth within the Doodles ecosystem, as users contribute their ideas and efforts to the project's development.
Doodles first emerged in 2021 as a collection of 10,000 hand-drawn NFTs by artist Burnt toast. Over time, it has evolved into a multimedia brand encompassing music, fashion, and digital identity. The introduction of $DOOD signifies Doodles’ transition from static collectibles to a dynamic, utility-driven platform within the Web3 space. The launch of $DOOD also reinforces Solana’s position as a preferred platform for meme coins and NFT projects, potentially attracting even more developers and users to its ecosystem. Solana’s infrastructure has become a fertile ground for meme coins, with projects like Bonk, Solaxy, and Fartcoin gaining traction. Platforms such as Pump and CoinFactory have simplified the creation and launch of meme tokens, contributing to a surge in daily token launches on Solana. As it stands now, Solana’s low transaction costs and high throughput will continue to make it an attractive option for NFT projects and meme coins that seek to broaden their user base.
