Get Your Free Airdrop for ARB Recipients

If you received the ARB airdrop, you qualify for the AIDOGE airdrop! While the AIDOGE airdrop isn’t worth the same as the ARB airdrop, it had an $80 value when I claimed it in my wallet yesterday.

In this post, I will share how to get the AIDOGE airdrop, the creative tokenomics for the project, and why there may be something more to this meme project other than “Wen lambo?”

Anyone who missed PEPE, WOJAK, CHADS, DOGE, SHIBA, FLOKI, or any other memecoin, and wants to try their memecoin luck, should take a closer look at AIDOGE. Like most memecoins, it begins with the greater fool theory. But the team has goals for utility and compelling games attracting millions in daily trade volume.

How to get your free AIDOGE tokens

If you received $ARB in your wallet, you can also claim AIDOGE. It’s extremely easy to claim. First, you visit https://arbdoge.ai/, connect your wallet, and claim your free AIDOGE tokens. Next, you will want to add the AIDOGE token contract address to your wallet. The correct address is: 0x09e18590e8f76b6cf471b3cd75fe1a1a9d2b2c2b

The Basic Mechanics of $AIDOGE

Once you have received your tokens, you have a few options. The tokens are traded on https://app.camelot.exchange/. There is a 15% transaction tax on purchases and sales. The total supply is 210 quadrillion AIDOGE, a figure most of us can’t comprehend. For example, my airdrop awarded me over 71 billion AIDOGE.

Obviously, selling right away is one option. However, the AIDOGE team has created tremendous incentives to create demand, burn supply, and buyback tokens. Before we dive into those, let’s examine where these hefty 15% buy/sell taxes go.

As you can see, only 3% of the transaction taxes are leaking out of the ecosystem, which goes to development. Every project needs motivated and incentivized developers, so it shouldn’t be a big concern. Additionally, the team’s motivation is aligned with the project: increase transaction volume!

We will examine the portion of the taxes motivating buyers to purchase more AIDOGE. These additional motivators and a massive community have caused the AIDOGE token to perform extremely well.

With a 15% tax, why has there been more buying AIDOGE than selling?

Tokenomics+narrative+hype can stimulate a memecoin to incredible levels. In this section, I will outline why and how AIDOGE employs all three of these to drive adoption.

1. Tokenomics: 100% of the AIDOGE supply is being distributed for free. Airdrop claims run until May 15. AIDOGE holders can stake their tokens for a current 538% APR. They can burn their AIDOGE to get AICODE tokens. Combined with the 1% burn tax, this has already eliminated 5% of the total AIDOGE supply.

AICODE will be the utility token for future platform improvements. In addition, AICODE can be staked to earn ARB rewards at an extremely high APR. The AICODE total supply is 21 million and will be 100% distributed to the community.

So right now, AIDOGE holders have choices: Do I stake AIDOGE and burn my staking rewards for AICODE? Do I stake AIDOGE for more AIDOGE? Remember that both options benefit the platform, and there is also a serious deterrent to selling with the 15% transaction tax.

2. Narrative: Memecoins seem to be the only thing going up in this challenging market. Speculators and investors are feeling FOMO about PEPE and other memecoins that have exploded. They also feel beaten up by their losses in other cryptos and may want to take a YOLO risk.

In addition to the overarching memecoin strength, AIDOGE also has motivators to compel investors to buy. The first is the Lucky Drop. Here’s how Lucky Drop works directly from the docs:

So far, $1.76 million worth of ARB rewards has been distributed via the Lucky Drop. There is also a unique component called Trade Mining. I’ll include the details below, but it may be hard to read. If you purchase over $600 worth of $AIDOGE on Camelot Exchange, you will receive a portion of daily AICODE distributions via Trade Mining.

Additionally, the AIDOGE team has teased AIFI, a DAO, and NFTs in the future. This gives investors hope that this project can grow into something more than a memecoin rewarding the earliest adopters.

3) Hype: How do you build a fast-growing, optimistic community? Giving them free tokens with value is a great place to start! The AIDOGE price dropped since I claimed last night, but it’s still worth around $50. Considering it takes less than 30 seconds to claim the airdrop, it’s some of the easiest money you can get in crypto today.

Since all ARB airdrop recipients qualify for the AIDOGE airdrop, hundreds of thousands of potential wallets can qualify. Sure, some people will sell immediately, but others will research the project, check out Twitter, or join the Discord. I went to the Discord and was impressed that there are over 59,000 community members. To join the AIDOGE Discord, you must have at least 1 AIDOGE and confirm you have it in your wallet.

59,000 Discord members and 100,000 Twitter followers mean that word can spread quickly. And airdrops are still available for the next two weeks, so participation and community growth can rapidly expand.

Should You Participate in the AIDOGE airdrop?

This is completely up to you. To me, it’s an absolute no-brainer. Gas fees on Arbitrum are low, and you are getting free tokens. You can sell them, burn them for AICODE, and stake the AICODE for ARB, or stake the AIDOGE to earn more AIDOGE.

And, if you feel like taking on additional risk, you can buy more. Around 99,000 wallets have already claimed the airdrop. If 10% of these wallets decide to buy more, the price can continue accelerating higher. Also, if the team delivers continual community engagement, new features and utilities, and outside-of-the-box ideas, I believe a memecoin project can thrive in Arbitrum’s quickly growing ecosystem.

Of course, it is a memecoin, and every investor should buy in with the expectation that it can lose 80% overnight. If that’s not in your risk profile, maybe just taking advantage of the airdrop is the best idea. And there’s nothing wrong with that. You can still be a part of the community and the project.

Key Takeaways

Has AIDOGE already peaked? Is it setting itself up for an astronomical run higher? Does having 99,000+ holders mean it has reached terminal velocity, or does it illustrate just how innovative this memecoin project is?

Like everyone else, I don’t have the answers to these questions. But I am confident AIDOGE has clever tokenomics, a compelling narrative, and extremely high hype levels.

If you are going to buy or sell AIDOGE, make sure you select Camelot Exchange’s V2 and increase your slippage to 16% or higher. Below are the links to the socials if you have more questions or want to research the project further.

Twitter: https://twitter.com/ArbDogeAI

Discord: https://discord.com/invite/arbdogeai

I haven’t been paid or sponsored to write about this project. I am currently staking AIDOGE and AICODE.

^{This information should not be taken as investment advice. Digital assets like crypto and NFTs involve risk, so you should always perform due diligence before investing. Furthermore, this article is merely my opinion; I am not a financial advisor.}