Doodles Unveils Tokenomics: 30% for Community, 10 Billion DOOD Tokens

Doodles, a popular NFT (non-fungible token) project, has announced the tokenomics for its native token, DOOD. The total supply of DOOD tokens is set at 10 billion, with a significant portion allocated to the community.

The distribution of the tokens is as follows:

• 30% allocated to the Doodles community
• 25% allocated to the ecosystem fund
• 17% allocated to the team, with a 1-year lockup and 3-year vesting period
• 13% allocated to new members
• 10% allocated to liquidity
• 5% allocated to the company, with a 1-year lockup and 3-year vesting period

DOOD tokens will initially launch on the Solana blockchain and are expected to expand to the Base blockchain in the future.

The announcement comes as the NFT market continues to evolve, with projects like Doodles gaining traction among collectors and investors. The allocation of a majority of the tokens to the community suggests a focus on decentralization and engagement with the project's supporters.

The Doodles team has not yet provided a specific timeline for the DOOD token launch, but the community is eagerly awaiting further details. As the project continues to develop, it will be interesting to see how the tokenomics and community engagement shape the future of Doodles.