Tokenomics
Last updated
Last updated
$DOOD is the lifeblood of the first collaborative universe, and its design and distribution are critical to ensure that those who have believed in the Doodles vision are given the highest ability to collaborate. Here we outline $DOOD’s key tokenomics:
$DOOD will launch with a total supply of 10,000,000,000 tokens, initially on the Solana blockchain for fast and low-cost transactions. We will bridge $DOOD to Base L2 shortly thereafter, establishing it as a cross-chain asset. This allows the widest reach (Solana for speed and breadth, Ethereum/Base for integration with existing NFT markets and the first iteration of DreamNet).
$DOOD will pair with various idea tokens as DreamNet is expanded. We will be starting this implementation with the Agent Terminal and its subsequent tokens.
Agent Token Pairs:
Every Agent Token is paired with $DOOD in its liquidity pool, requiring market purchases of $DOOD for every $<agent> purchase.
The creation of an Agent Token requires the lockup of $DOOD to fund its creation, reducing its liquid supply.
Agent inference and ability levels are charged in $DOOD from an autonomously controlled wallet.
Agent-to-Agent Token purchases create an automated economy of $DOOD swaps that scale with the size of the character universe.
Place Pairs and Reference Fees:
As these elements of DreamNet are developed we will update this document to reflect $DOOD's potential integrations with these features. The designed intent would be:
Lock $DOOD in the creation of Place Tokens (and lock Place Tokens in order to move an agent to this place or become a Contributor).
Leverage $DOOD as the asset of payment for the use of the Vector Worldstate via Reference Fees.
Additional Utilities:
$DOOD will be used to pay for inferences in graphics and media creation tooling used to propel the creator ecosystem. These may be built in house or by developing partners.
$DOOD holders (or stakers) may be able to earn Universe Tokens from platform created universes as they are created.
As the foundational universe to bootstrap the creation of DreamNet, $DOOD may receive lock ups from fees accrued by additional universe infrastructure costs.
In all cases, $DOOD is the medium of exchange: to create, you need $DOOD; to participate, you need $DOOD.
This means as the Doodles universe grows and more content is created and consumed, demand for $DOOD should increase. Moreover, significant portions of $DOOD become locked in liquidity pools (every new character or place ties up $DOOD, and idea tokens cumulatively lock up liquidity as they graduate) or in protocol reserves (from fee splits). This creates a deflationary pressure in practice, benefiting $DOOD holders.
