Doodles Launches $DOOD Token, Allocating 68% of the Supply to the Community

The DOOD token launch follows the trend set by other prominent NFT brands like Pudgy Penguins, which recently introduced its token, PENGU, with a supply of 88.8 billion on Solana.

Prominent NFT brand Doodles has finally launched its long-awaited governance token, $DOOD, following months of anticipation and speculation within the NFT community.

The launch of the $DOOD token comes at a time when several NFT projects are introducing their tokens to enhance community engagement and governance. Doodles, known for its vibrant and collectible NFT artworks, has allocated a substantial portion of the token supply to its fans.

According to the announcement, 68% of the total $DOOD supply will be dedicated to the community through airdrops and future initiatives. This move aligns with Doodles' focus on decentralization and empowering its fans, who have played a crucial role in the brand's success.

In contrast, only 5% of the tokens will be retained by the company, 10% will be allocated for liquidity, and 17% will be held by the team to support the ongoing development of the Doodles ecosystem.

The launch of the $DOOD token is a testament to Doodles' remarkable journey in the entertainment industry. From its humble beginnings as a collection of 10,000 generative NFT artworks to its current status as a global brand, Doodles has achieved impressive feats.

The brand's animations and music have garnered billions of views across platforms, and Doodles has forged partnerships with major brands like McDonald's, showcasing the growing influence of NFT projects in mainstream entertainment.

The anticipation for the $DOOD token has also positively impacted the Doodles NFT collection, with a 12.4% surge in the floor price since the announcement. This surge indicates increased excitement and interest among collectors and investors, leading to more participation in the Doodles ecosystem.

As the token launch unfolds, Doodles is set to continue pushing the boundaries of decentralized engagement, offering its fans new avenues to participate and shape the future of the brand. The $DOOD token is poised to become a cornerstone of this new era in the NFT and entertainment space.