ArbDoge AI (AIDOGE): An Experiment in the Arbitrum Ecosystem

Every day, new projects and advancements are being introduced to the cryptocurrency industry. One such project is ArbDoge AI, an experiment meant to promote a series of products that should bolster web3 and artificial intelligence (AI). If you're investing in crypto to earn passive income or build your portfolio, you’ll want to know what ArbDoge AI is, and why it may be a good investment. 

Key Takeaways:

• ArbDoge AI is not a project but an experiment that’s part of the Arbitrum ecosystem. Its community is represented by the AIDOGE deflationary token.
• Users who were previously eligible for the Arbitrum airdrop are also eligible for the ongoing AIDOGE airdrop. All eligible users have to claim their AIDOGE airdrop by May 15, 2023.

What Is ArbDoge AI?

The main difference between the ArbDoge AI protocol and other crypto projects is that there aren't any VC institutions or team shares involved with it. All of the AIDOGE tokens are distributed fairly within the ArbDoge AI community. The token went live on Apr 15, 2023, which means that the ArbDoge AI project is officially underway. The distribution of AIDOGE tokens is the first step toward attaining larger goals. 

Unlike with most crypto projects, the creators of ArbDoge AI are a sizable group of AI “organisms” that are “excited” about the Arbitrum ecosystem. Their goal is to develop a product line with the combination of web3 and AI. 

What Is AIDOGE?

AIDOGE is considered to be a deflationary token, with a supply of 210 quadrillion. The token belongs to all members of the Arbitrum community. Since ArbDoge AI wasn't built with the help of VC institutions or team shares, the token is only available to community members. Anyone who holds the token may gain access to future parts of the ArbDoge AI story. 

Whenever you purchase AIDOGE, you'll be provided with a Lucky Drop ticket that gives you the possibility of winning some ARB, Arbitrum’s main token. Keep in mind that you can also stake the AIDOGE that you hold. 

What Is AICODE?

AICODE is another token that ArbDoge AI is producing as part of their Arbitrum City (ArbCity) project, essentially a virtual place where community members can spend time. This destination is known for its exciting nightlife, esteemed cultural institutions and energetic lifestyle. 

The city is expected to grow over time. Lucky Drop is just one of the locations in ArbCity. Before the AICODE token can be launched, an audit must be performed. This audit is currently ongoing, and is estimated to conclude around late April or early May. 

AICODE will drive every facet of ArbCity. It will be applied to all aspects of ArbDoge AI as well, which include NFT acquisition, governance, application participation and payment for any ecosystem projects. At 21 million, the number of AICODE tokens that will be made available to investors is one billionth the number of AIDOGE tokens. 

History of ArbDoge AI

ArbDoge AI is a new experiment that's meant to effectively take over the Arbitrum platform. Arbitrum is a Layer 2 scaling solution for Ethereum that accommodates smart contracts. Arbitrum users benefit from less congestion and lower transaction fees. 

As mentioned previously, the ArbDoge AI experiment was created by AI organisms with the purpose of making a splash on the Arbitrum platform and improving the quality and number of products available through Arbitrum. Once the ArbDoge AI platform was created, the AIDOGE token almost immediately went into effect, and has since increased rapidly in popularity. 

What Does ArbDoge AI Aim to Achieve?

The ArbDoge AI ecosystem aims to provide the Arbitrum community with numerous utilities. Arbitrum is designed to deliver scalability to the Ethereum blockchain. The purpose of ArbDoge AI is to expand Arbitrum's functionality and feature set for the community members’ benefit.

However, the full road map for ArbDoge AI has yet to be revealed. While AIDOGE is the first product that the platform has launched, they’re also set to introduce NFTs, AICODE and a DAO. 

How Does ArbDoge AI Work?

The initial aspect of the ArbDoge AI platform is to distribute the AIDOGE token to long-term community supporters of Arbitrum in a manner that's fair and decentralized. Starting on Apr 15, 2023, tokens for this platform began being sent out as part of airdrops. Keep in mind that only those who are eligible for the ARB airdrop are able to claim AIDOGE tokens. 

Every AIDOGE token that's being made is available to be claimed with these airdrops. It's estimated that 620,000 people are eligible for the initial airdrop. Just one day after the airdrop was launched, around 110,000 people had claimed AIDOGE.

If there are any unclaimed AIDOGE tokens after 30 days have passed, they’ll be placed into an incentive reward program aimed at improving the ArbDoge AI platform. 

Features of ArbDoge AI

There are many current and promised ArbDoge AI features that you may find intriguing, which include everything from Lucky Drops to NFTs. 

Lucky Drop

One feature that's already been implemented in Arbitrum City is Lucky Drop, an airdrop game that allows users to earn more of the token. When an AIDOGE transaction is performed, a 3% fee is obtained and turned into ARB. This amount of ARB is then placed in the prize pool. The total prize pool is eventually distributed equitably to people who receive Lucky Draw tickets. 

In order for a user to take part in Lucky Drop, they need to make a transaction valued between $100 and $1,000. There are also 10 separate levels for Lucky Draw tickets that correspond with $100 transaction intervals. 

If you make a transaction worth less than $100, you won't be eligible to participate in Lucky Drop. On the other hand, anyone who makes a transaction above $1,000 will be given a ticket that's equivalent to $1,000. Only one ticket is provided per transaction. The Lucky Drop process occurs at 30-minute intervals. Once the draw is performed, every Lucky Draw ticket from the previous round is invalidated.

Earn

You can stake AIDOGE tokens that you hold via the Earn page on the ArbDoge AI website. The rewards you receive from staking this token can vary, depending upon how many people are performing the same process and the number of transactions that occur. Around 3% of the transaction volume for this token is distributed to AIDOGE stakers. 

NFT

Though it has yet to be launched, the ArbDoge AI ecosystem plans to introduce an AI NFT series that will soon go through training and production. You can use your AIDOGE holdings to purchase these NFTs. 

AIDOGE Airdrop

The AIDOGE airdrop that’s currently taking place is meant to provide Arbitrum community members with full access to 100% of the 210 quadrillion AIDOGE tokens available to crypto investors. Once again, this airdrop is available only to users who are already eligible for the ARB airdrop. 

If you are eligible, you can claim your tokens on the Earn page of the ArbDoge AI website. However, the airdrop won't be available for long. You'll have until May 15 to claim your tokens, after which they’ll be used for other aspects of the platform. Some of the remaining tokens will be burned.

ArbDoge AI Road Map

So far, ArbDoge AI has created its own token and provided users with the Lucky Drop program. The AICODE token should hit the market toward the end of April. Once the airdrop ends on May 15, 2023, development will begin anew. 

ArbDoge AI already plans to introduce NFTs to the marketplace and create a DAO, which means that anyone will be able to view the platform's code. The NFTs set to be launched soon are part of early participant rewards, and will be used to further AI peripheral product development. An AIDOGE vault and AI lab are currently part of the ArbDoge AI road map.

AIDOGE Tokenomics

AIDOGE is the official ArbDoge AI token, and was created primarily to expand the ArbDoge AI platform. You'll be able to use your AIDOGE holdings to take part in Lucky Drop, perform AICODE mining and purchase AI NFTs. This token fuels the entire ArbDoge AI ecosystem and allows you to earn passive income via staking. 

During the initial stage of the "Call to AIDOGE" campaign, all of the 210 quadrillion AIDOGE tokens are set to be given to the Arbitrum community for free. Exactly 95% of these tokens will be placed into an airdrop pool that users can claim. The remaining 5% of tokens will be rewarded to investors who invite other people to participate in the airdrop campaign. 

For every transaction made on ArbDoge AI, 15% will be allocated to a tax burn, to be further distributed into the following categories:

• Burn: 1%
• Earn: 3%
• Lucky Drop: 3%
• Refill Camelot’s Liquidity Pool: 2%
• Buy ARB: 3%
• Development: 3%

The AIDOGE price is currently $0.000000000269630 (as of Apr 27, 2023), with a 24-hour trading volume of over $16 million. 

Is AIDOGE A Good Investment?

AIDOGE appears to be an exciting investment for anyone who wants to add variety to their portfolio. At the current AIDOGE price, it doesn't take a large sum of money to invest in the ArbDoge AI ecosystem. 

Keep in mind that the future usage plans for the AIDOGE token include everything from governance to purchasing NFTs. As mentioned before, any tokens that remain unclaimed at the end of the first distribution stage will become part of the platform's future usage plans, which extend to early supporters and long-term development for the protocol. 

The Bottom Line

ArbDoge AI is a unique and highly compelling crypto experiment that's already proven to be an appealing prospect for many investors. In the week or so since its launch, ArbDoge AI has been performing consistently well. Now that you know what the platform's about and what its road map looks like, you can determine if AIDOGE would be a great addition to your portfolio.