ARB
by BSC News
May 1, 2023
The amount of $AICODE allocated to each user will be calculated based on the transaction amount of the traders, and the differences will be made up through an airdrop.
AIDoge, a meme coin based on Arbitrum, has reached 269 million in daily volume to become the top meme coin on April 31, according to CoinMarketCap.
The new meme coin has surpassed Dogecoin, the largest meme coin by market cap, which had a volume of $256 million. Worth noting, ArbDoge AI launched the $AICODE token, the native token of its ArbCity, on April 29. Those who offer $AIDOGE on a specified interface on the ArbDogeAI website can receive $AICODE proportionally.
The first $AICODE batch claim started at 0:00 am (UTC) on April 29th. Approximately 50% of the coins will be burned directly, the rest will be stored in an address with a time lock to incentivize future AIFI users.
Further, the $AICODE staking began on the Earn interface on April 29 at 12:00 PM (UTC). The total of 140,000 $ARB, worth $198,000, will be added to the $AICODE stake pool as a reward. The amount of $AICODE allocated to each user will depend on the transaction amount of users, and the team promised to make up the difference through an airdrop.
By withdrawing this part of $AICODE compensation from burning and trading mining, the team expects to shorten the 120-month mining period by four days. The reduced distribution ratio of $AIDOGE staking is used to increase the rewards of $AICODE staking before AIFI launches.
Additionally, along with the opening of the $AICODE mining interface, the protocol now eliminates the extra $ARB subsidy for LPs and eliminates tax-burning deductions for adding and removing LPs.
CertiK recently completed the audit of $AIDOGE and $AICODE smart contracts. Additionally, ArbDogeAI has been listed on MEXC and Ascend exchanges, bringing its exchange listing count to 26. Moreover, Huobi launched a $AIDOGE perpetual with a leverage of up to 20x. The team has also reported burning 4.302% of its total circulation.
Further, the ArbDoge AI team promised to distribute the acquired $ARB from the airdrop by Arbitrum Foundation to $AIDOGE and $AICODE holders.
As a result of all the recent developments, $AIDOGE's price has soared. AIDOGE has gained 300% in two days, trading at $0.000000000774 at the time of writing.
ArbDoge AI is an experimental component of the Arbitrum ecosystem created entirely by artificial intelligence (AI). The AIDOGE deflationary token represents the ArbDoge AI community. With a supply of 210 quadrillions, AIDOGE is considered a deflationary token. Because ArbDoge AI was created without the assistance of VC institutions or team shares, the token is only available to community members. Anyone possessing the token may gain access to future chapters of the ArbDoge AI story.
Learn more about ArbDogeAI:
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