OKX Web3 Launches DOOD IDO With $50,000 Prize Pool

OKX Web3 has launched its inaugural Initial DEX Offering (IDO) featuring DOOD, the native token of the Doodles NFT ecosystem. This event, titled “DOOD. It’s Happening,” offers early access to DOOD with exclusive perks for whitelisted users and Doodles NFT holders. The token sale is scheduled for May 8 at 10 PM HKT, with each whitelisted user able to purchase up to $250 worth of DOOD. The Token Generation Event (TGE) will commence on May 9 at 9 PM HKT, followed by a trading competition with a $50,000 USDT prize pool.

The DOOD IDO is part of OKX Web3’s campaign to celebrate the re-launch of its decentralized exchange (DEX). This initiative aims to bring the Doodles brand into the Web3 spotlight with the release of its token, $DOOD. The token sale details include a purchase cap of $250 per whitelisted user, with tokens claimable during the TGE on May 9 at 9 PM HKT. The IDO is available for one day only, urging interested users to secure their whitelist allocation promptly.

There are two main ways to qualify for early access to the DOOD IDO. Doodles NFT holders are eligible to pre-register and secure a whitelist spot by May 8, 10 PM UTC. Additionally, users can complete social tasks for a chance to join the public whitelist, with winners allowed to purchase up to $250 worth of DOOD. Whitelist access is on a first-come, first-served basis and does not guarantee allocation, so users are advised to act quickly.

Following the token sale, all eligible buyers and whitelist participants will be able to claim their DOOD tokens during the TGE. DOOD will also become tradable within the ecosystem on the same day. Starting on May 9, DOOD holders can join the “Trade & Win DOOD” campaign hosted on OKX Web3’s trading arena. Participants will compete for a prize pool of $50,000 in USDT equivalent, paid out in DOOD tokens. The earlier users join, the higher their chances of ranking among the top traders.

To participate in the DOOD IDO and trading events, users should follow these steps: create an OKX account, join the whitelist campaign by completing the steps on the event page, purchase DOOD on May 8 if selected, claim tokens on May 9 through the TGE portal, and join the Trade & Win challenge to earn a share of the $50,000 prize pool. This IDO not only introduces Doodles into the Web3 token landscape but also underscores OKX’s commitment to expanding decentralized finance opportunities. With only one day to participate in the token sale, Web3 users and NFT collectors are encouraged to secure their spot promptly.