It has been a considerable period since the hype of MEME coins such as DOGE and SHIB reached its peak during the bullish market of mid-2021. However, as the adage goes, all good things come to an end. Since late 2021, the market has been in a state of constant decline, with several prominent industry players, including Terra and FTX, experiencing collapses that have significantly impacted market sentiment. Nevertheless, signs of recovery have emerged recently, with the emergence of meme coins like PEPE and AIDOGE. This development indicates that more and more investors are starting to adopt a risk-on approach, including myself.
Personally, I have engaged in trading AIDOGE and would like to provide a brief overview of the project:
Project Background
ArbDoge AI was created by a group of AI enthusiasts who are passionate about the Arbitrum ecosystem, with the aim of leveraging AI technology and Web3 to create strong products and applications. ArbDoge AI is an experimental project, with its core concept being decentralization and fair distribution.
Economic Model
The economic model of ArbDoge AI revolves around the AIDOGE token. Here are the core applications and distribution of the AIDOGE token in the project:
Total Supply: The total supply of AIDOGE is 210,000,000,000,000,000 tokens.
AIDOGE Token: 100% of AIDOGE will be distributed for free to the community through airdrops. 95% of the tokens will be distributed to users who are eligible for the ARB airdrop. 5% of the tokens will be distributed as invitation rewards to invitees. The unclaimed tokens will be used for future ecological incentives, early and long-term contributors' incentives, and some token burning.
AICODE Token: The AICODE token is the only rule that drives the operation of Arbitrum City. The total supply is 21,000,000 tokens, and it is applied to various aspects of ArbDoge AI, including governance, NFT acquisition, participation in applications, and payment for ecosystem projects. Currently, it is unclear how to obtain AICODE through AIDOGE.
Main Applications
Lucky Drop: 3% of the transaction fee from AIDOGE trades will be extracted and converted to ARB, and added to the prize pool for distribution through lucky draw tickets. Lucky Drop takes place every 30 minutes.
Staking: Users can stake AIDOGE in the "Earn" pool to earn profits. 3% of each AIDOGE transaction will be used as a reward and distributed proportionally to users who stake AIDOGE.
AICODE Mining: AIDOGE will be used for AICODE mining activities, although the specific implementation details have not been announced.
AI NFT: AIDOGE may be used to create and trade AI-generated NFTs, and users can buy, sell or exchange these unique digital artworks using AIDOGE.
AI Laboratory: AIDOGE will be used in the AI laboratory, which is an experimental space designed to promote the combination of AI technology and Web3 technology and promote the development of more innovative projects and products.
Transaction Tax Allocation
15% of each AIDOGE transaction will be allocated as transaction tax, with 1% used for burning, 3% for rewarding AIDOGE stakers, 3% for Lucky Drop, 2% for improving liquidity, 3% for purchasing ARB to support project games and voting, and 3% for project development.
Roadmap
Launching the AICODE token, which is used to drive the operation of the entire ecosystem.
Adding NFTs, AI laboratories, etc. This is also important. Integrating NFTs and AI labs into the ArbDOGE ecosystem can attract more users and provide more diverse products and services to meet various needs.
Investment Strategy
Pay attention to the release of follow-up project news. In the short term, it is expected that the AICODE token will be issued, and I believe it may be exchanged by burning AIDOGE. After all, the quantity of AIDOGE is 10,000,000 times that of AICODE.
Expect the new role of AICODE tokens in the future. The risk is that in the early stages of the project, it is uncertain whether the project team will follow their roadmap. If they do, it is worth looking forward to.