Original title: “Blue-chip NFT ‘Doodles Announces Coin Issue’ abandons Ethereum and launches Solana first. How high is the value of the $DOOD token economy and airdrop?”

Original author: DaFi Weaver, Dynamic Trend BlockTempo

 

After well-known projects such as Fat Penguin and Azuki issued coins one after another, another Ethereum blue-chip NFT project announced the issuance of coins! Ethereum’s 6th largest NFT project by market value. Doodles, which is famous for its animations, short films, and cooperation with well-known brands such as McDonald’s, announced in the early morning of this (14th) that it will issue the token $DOOD in Solana, becoming the next choice after Fat Penguin. Ethereum project as a coin issuing platform.

 

However, the official also added that it will bridge to Ethereum Layer2 Base in the future.

 

 

The news aroused a warm welcome from the Solana community. Solana’s official account specially sent out a GIF to express support, and the Solana ecosystem mainstream wallet Phantom also issued a message saying: “Welcome to Solana.”

 

 

Token Economics

 

According to officials, the total number of $DOOD is 10 billion, 68% of which will be distributed to communities. The specific allocation is as follows:

 

· Doodles community: 30%

·New blood: 13%(unspecified)

·Ecological Fund: 25%

·Team: 17%

·Liquidity: 10%

·Company: 5%

 

 

However, the official has not explained in detail the airdrop allocation method and the launch time of tokens, and further announcements are expected in the future.

 

Doodles turnover surged 345%

 

Affected by this news, Doodles became the most popular NFT project in the past 24 hours. The NFT Price Floor website showed that the total turnover of Doodles surged 345.37% to 3,138 ETH (approximately US$8.47 million), and the transaction volume also surged 307.19% to 680 transactions. In addition, the average transaction price increased by 9.38%, currently at 4.61 ETH, indicating a significant increase in market demand for Doodles.

 

Before the deadline, the price of Doodles flooring was tentatively quoted at 4.44 ETH, worth approximately US$11,988.

 

 

The potential value of Doodles holder airdrops?

 

Assuming that Doodles ‘FDV (fully diluted valuation) when it goes online falls in the range of US$1 billion to US$2 billion, 30% of which will be airdropped to the Doodles community, which means that the total value of airdrops may be between US$300 million and US$600 million. Considering that the total number of Doodles is 9998, each NFT may receive airdrops worth US$30,000 to US$60,000, which is much higher than the current floor price of Doodles.

 

However, this does not mean that there will be a certain profit. For example, the FDV of $PENGU once exceeded US$6 billion when it was launched, but now it has only about US$800 million;$ANIME has also dropped from US$1.4 billion to the current US$270 million, both of which have dropped more than 80% from their highs. Therefore, the market performance of DOOD after its launch is still full of uncertainty, and buying Doodles now may not necessarily lead to a steady profit.

 

$ANIME fell more than 85% from high

 

$PENGUE fell more than 84% from high

 

original link