What is ArbDoge.AI? All You Need to Know About AIDOGE

Introduction

With its potential to disrupt operations and create a paradigm shift in virtually every sector of the tech industry, artificial intelligence (AI), a branch of computer science that enables machines to perform tasks that require human intelligence and discernment has become a buzzword in the crypto space with its integration with blockchain technology in the launch of several innovative projects.

One such project that has caught the attention of many crypto enthusiasts is ArbDoge.AI (AIDOGE), the most popular meme token on the Arbitrum ecosystem launched to promote a series of products that will bolster web3 and artificial intelligence. This article takes a deep dive into ArbDoge.AI, exploring its unique offerings poised to revolutionize not just the Arbitrum network but the entire crypto industry.

What is ArbDoge.AI (AIDOGE)?

ArbDoge.AI is not a regular crypto project but an experiment in the Arbitrum network — a popular Layer 2 Optimistic Rollup (scaling solution) that inherits Ethereum’s security model and provides environments with high-throughput and low-cost smart contracts. ArbDoge.AI was created by a group of AI “organisms” who aim to revolutionize the Arbitrum ecosystem by creating a series of products using AI and web3 (blockchain) technology.

There are no venture capital institutions or team shares involved with the project and it had no initial coin offering (ICO) or public sales; rather the bulk of its AIDOGE token was distributed fairly to the community which is just the first step in its roadmap. The massive airdrop made headlines causing FOMO among many crypto enthusiasts and traders.

Additionally, ArbDoge.AI is a secure project because it functions on the Arbitrum network that inherits Ethereum’s security model. Ethereum blockchain uses a proof-of-stake algorithm to validate transactions and ensure the security of the network.

History of ArbDoge.AI

ArbDoge.AI (AIDOGE) was officially launched on April 15, 2023, via an airdrop that lasted thirty-one days, that is between April 15, 2023, to May 15, 2023, giving room for eligible Arbitrum community members to claim the reward. The launch presented ArbDodge.AI as an experiment or adventure story rather than a project.

Initially the founder of ArbDoge.Al was anonymous but revealed his identity on 30 July 2023 via his X account (@youyou5202) to the ArbDoge.AI community. The ArbDoge.AI founder is the first NEO and also the leader of the project. He is currently working on completing the AIFI product and hopes to keep developing ArbDoge.Al no matter the challenges.

The founder and AIDOGE team aim to leverage their passion for Arbitrum to create a range of products based on the combination of artificial intelligence and Web3 technologies.

Features of ArbDoge.AI (AIDOGE)

ArbDoge.AI is a community-driven project with innovative features designed to offer a wide array of utilities to its community. These features distinguish ArbDoge.AI from other meme coins. Let’s dive in.

Truth AIDOGE NFT

The Truth AIDOGE NFT collection also known as AIDO has a maximum of 10,000 unique NFTs created using AI tools. They have unique features that separate them from other NFTs and can be used as an avatar. The ArbDoge.AI team aims to make the NFT project community-oriented and decentralized.

500 of these NFTs will be created by the ArbDoge.AI community using AIGC tools. The creators of these NFTs will receive 50% of the royalty income from their NFT avatars in perpetuity. Further, holding AIDO unlocks the following exclusive membership benefits such as exclusive member channels, NFT airdrops, early access to new products, participation in exclusive online and offline member activities, and other premium benefits. Also, it is essential to note that unminted NFTs at the end of the minting period will be destroyed. AICODE, the ARB City’s utility token can be used to purchase the NFTs.

Source: ArbDoge.AI — Truth AIDOGE NFT

Lucky Drop

Source: ArbDoge.AI

Lucky Drop is an algorithm-based open-source airdrop game that avails users of the opportunity to win ARB by participating in a Lucky Draw. Users receive Lucky Drop tickets each time they purchase AIDOGE above $100. The amount of AIDOGE purchased usually determines the value of the Lucky Drop tickets. The value limit of the Lucky Drop tickets that can be won is pegged between $100 to $1000. This means a user won’t receive a Lucky Draw ticket on purchases below $100. In essence, the higher the level of the Lucky Draw ticket, the greater the chances of winning. Lucky Draw tickets from previous rounds are invalidated once a new draw occurs at 30-minute intervals.

Additionally, for each AIDOGE you purchase, a 3% fee is removed, converted into ARB, and added to the prize pool, distributed among those who receive Lucky Draw tickets.

AIFI

AIFI is an AI metaverse powered by ArbDoge.AI. Currently in the development stages, the first stage is a GameFi of MUD+AI. According to ArbDoge.AI, “Every player’s conversation and interaction with AI NPC will change the direction of the metaverse.”

Further, AIFI users’ incentives come from 50% of $AlDOGE accumulated through the burning mining of $AICODE. Another benefit of AIFI is its potential to enhance the deflationary properties of $AIDOGE with practical value.

Liquidity Pool

ArbDoge.Al liquidity pool provides an opportunity to earn ARB by staking AIDOGE and ETH. Currently, the pair available is AIDOGE/ETH and you can withdraw your LP tokens by clicking “Remove LP’’.

Further, ArbDoge.AI incentivizes liquidity providers who staked their assets in the pool.

Earn

Users receive incentives for staking AIDOGE through the Earn page, providing an opportunity to earn passive income. There is a 0.7% AlDOGE transaction volume distributed as rewards to AIDOGE stakers. However, the rewards earned will vary depending on the amount of AIDOGE staked, and the length of time involved.

Source: ArbDoge.AI

AIDOGE Launchpad

The AIDOGE Launchpad is a decentralized asset issuance platform that aims to provide customized services for asset issuers. A minimum of 5% of each asset launched on the platform will be distributed to AIDOGE stakers. Also, AIDOGE Launchpad allows anyone to issue their assets and set up a website and X through the tools provided. Technical works on AIDOGE Launchpad have been completed including the testing and auditing phase.

ArbDoge.Al announced the launchpad on its official X account on 22 August 2023. According to the tweet (post), in just four hours of launch, 16 projects have been issued license-free with a total of 2849 mints.

Additionally, AIDOGE Launchpad is poised to provide users security, transparency, and convenience. The Launchpad supports multi-chain asset issuance on Arbitrum, Ethereum mainnet, BNB chain, Optimism and zkSync.

However, ArbDoge.Al advises users to exercise caution when interacting with external links, such as clicking on X provided by the projects and visiting official websites. Also, as always do your own research (DYOR), and do not connect wallets and grant authorizations casually.

Decentralized Autonomous Organization (DAO)

DAO is a type of organization that uses blockchain technology and smart contracts to execute its operations without the need for a central authority or traditional hierarchical management. DAO enables community participation and ownership as they allow anyone holding the project’s native token to participate in governance and have a say in decision-making.

Arbdoge.AI hopes to launch a decentralized autonomous organization (DAO), making it 100% community-owned. When implemented AIDOGE holders can propose and vote on changes to the platform such as funding projects, resource allocation, and updating its roadmap. Essentially, DAO creates a democratized and inclusive model of governance.

What is AIDOGE? ArbDoge.AI’s Official Utility Token

AIDOGE is a deflationary token that facilitates transactions in ArbDoge.AI’s ecosystem. The meme token was created by AI creatures and members of the Arbitrum community. Essentially, AIDOGE is the fuel of the ArbDoge.AI ecosystem and can be used to purchase NFTs, for staking, and to participate in the ownership and governance of the ecosystem.

AIDOGE has a total supply of 210 quadrillions, airdropped to recipients of ARB, Arbitrum native token. The distribution of AIDOGE tokens was done in a fair and decentralized manner. Further, the token can be owned by either participating in the Airdrop or buying them on Exchanges such as Gate.io, a notable centralized cryptocurrency exchange. The token is also available on Arbitrum’s decentralized exchange Camelot and UniSwap V3.

AIDOGE Airdrop

100% of the AIDOGE token was earmarked for distribution to the community during the initial phase of ArbDoge.AI’s “Call to AIDOGE’’ airdrop. 95% of the total amount of the token was added to the airdrop pool and distributed on March 23, 2023, to those who qualified for ARB airdrop. The remaining 5% goes to community members who invite eligible users to claim the AIDOGE airdrop by simply generating a unique invite link. The inviter can receive an additional reward of 10% of the claimed amount by the invitee. Additionally, unclaimed tokens will be used for future ecosystem development, immediate and long-term supporter incentives, and token burn to ensure the deflationary nature of AIDOGE.

What is AICODE? ArB City Utility Token

As part of the Arbitrum City project, ArbDoge.AI produced an additional token known as AICODE to facilitate transactions. AICODE will serve as the driving force behind various aspects of Arb City. This includes non-fungible token (NFT) acquisition, governance, application’s value and revenue distribution in AIFI, and payments of ecosystem projects.

TO earn AICODE, users have to either burn AIDOGE irreversibly or get a chance to win a share of AICODE when they buy AIDOGE above $500 in one single purchase on the Camelot decentralized exchange.

AICODE has been audited and certified by Certik, a notable cryptocurrency and blockchain auditing firm. At launch AICODE had a total supply of 21 million tokens, its availability is one billionth of the AIDOGE token supply, making it a scarce and valuable asset for investors.

However, according to ArbDoge.AI’s white paper, $AICODE faced several challenges due to initial market pricing being too high, and a high inflation rate during the initial period. Miners sold $AICODE for profit, causing great losses to some dedicated token holders. The development team acknowledged it didn’t manage expectations well and didn’t want any further harm to the community, hence, after a community vote, the team stopped the issuance of $AICODE on May 24, 2023, after 99.35% of token holders voted Yes to its proposal, that is more than 51% of the required votes. Further, the contract ownership of $AICODE has also been forfeited and the total circulation of AICODE is fixed at 1,025,569.669477 tokens.

Furthermore, there are two ways to earn AICODE either by Burning Mining which accounts for 60% of the initial token supply which is 12,600,000 tokens, or by Trading Mining which accounts for 40% equivalent to 8,400,000 tokens.

AIDOGE Tokenomics

Source: ArbDoge.AI

As a deflationary token, the value of AIDOGE increases as the available maximum supply decreases over time. This can be achieved through token burning. There is an 8% burning tax for every buying and selling. This process lowers the supply and raises the value of tokens in circulation.

The burning goes through a distribution process that helps to maintain the tokens in circulation. 1% of the 8% burning tax is removed through permanent burning. Another 1% is used for the AIDOGE/ETH trading pair to refill the liquidity pool of the Camelot exchange. 0.8% is returned as $ARB as flexible coins, while 1.5% is reserved for project development. 0.7% of the 8% is then redistributed as AIDOGE to users who have staked their AIDOGE coins in the staking pool. 3% of the burning tax is allocated to the Lucky Drop pool.

Source: ArbDoge.AI

Is ArbDoge.AI (AIDOGE) a Good Investment?

As stated above AIDOGE is a deflationary token with a fixed maximum supply of 210 quadrillion. The token’s value is maintained by a burning mechanism that reduces the amount in circulation. Once the supply of AIDOGE is controlled to remove excesses, the token becomes scarce, leading to an increase in demand.

However, there are concerns about the genuineness of the project, with several users calling it a scam. CoinmarketCap puts a warning on top of the coin page calling on users and traders to be cautious when buying or selling the token. The notice implies that the smart contract owner can modify the transaction fee. Also, the notice adds that UniSwap V3 doesn’t support burning tax. Please, exercise caution when trading.

Also, its success is largely dependent on community support, influencer hype, and the creation of innovative features. As a meme token with limited utilities outside the Arbitrum ecosystem, there is no guarantee of price appreciation, so you must do your own research, and consult a financial expert before investing in the “experiment.” Nevertheless, investing in a meme coin such as AIDOGE is based on your trading objectives and how much risk you are willing to take.

How to Own ArbDoge.AI (AlDOGE)?

You can buy $AIDOGE and $AICODE from centralized and decentralized cryptocurrency exchanges. For example, Gate.io offers traders different trading pairs: AIDOGE/USDT, AIDOGE/BTC, AIDOGE/ETH, and AICODE/USDT. To own the token, create a Gate.io account, and complete the registration process. Also, you need to fund your spot trading account and go through the steps to buy AIDOGE.

News on ArbDoge.AI

An announcement was made to the AIDOGE community to participate in creating the Truth AIDOGE NFT (AIDO) on May 17, 2023. Community members can create the AIDO NFTs from the announcement date until June 15, 2023. The holders of the accepted NFT creations will also gain 50% of royalties on their NFTs.

ArbDoge.AI shared on its X (Twitter) handle that the minting of AIDO NFTs will occur on both the Binance NFT launchpad and ArbDoge.AI’s website. After the initial minting stage, there will be a public sale on the Binance NFT launchpad, followed by a Whitelist minting stage and an AICODE minting stage.

On 14 July 2023, ArbDoge.AI announced receiving the Initial NFT Offering (INO) funds from the Binance NFT marketplace. A total of $150,000 in sales and Binance NFT collected 20% of the platform and marketing fees, while ArbDoge.Al received $120,000. The community will determine how to use the funds through a voting process.

Take Action on AIDOGE

Check out AIDOGE’s price today and start trading your favorite currency pairs.

• AIDOGE/USDT

Also, AICODE is available for trade on Gate.io with the trading pair:

• AICODE/USDT