The CoinW listing of DOOD, the new governance token for the Doodles NFT project, most certainly caught our attention. The $10,000 USDT reward program is a cool addition, a bit of sugar to sweeten the deal and draw folks in. On a practical level, no one likes a one-note show or movie, so let’s be honest. Smart strategic play to seize the NFT exchange market, or a hype-fueled cliché temporary listing? I’m hopeful on the former, with fingers crossed and a healthy dose of skepticism.

Tokenomics: Is DOOD Sustainable?

Ten billion tokens. That's a lot of DOOD. The governance, incentive, and access tokenomics are designed to support these. The most important question is, Does the proposed distribution model incentivize long-term holding and participation, or is it just priming the pump for a massive dump after the initial thrill wears off?

Look at it comparatively to other governance tokens with an NFT focus and the picture gets muddled. Other successful projects have leveraged their governance tokens to foster a vibrant community that creates value. Some other projects have seen valuations of their tokens crash to little or no value. What makes DOOD different? The fact that Knowing Doodles was created by the original CryptoKitties team members from Dapper Labs puts my hope on high alert.

We have to take a hard and serious look at our own vesting schedules. Is the core team and early stage investors receiving an unfairly large allocation that they can dump on retail? How do they plan to control inflation and keep the token valuable long term? Without these clear answers, this would quickly become a rug pull just waiting to happen. Anxiety is definitely kicking in.

Solana: The Good, the Bad, and the Ugly

Having DOOD launch on Solana is a double-edged sword. Solana provides ultra-fast transaction speeds and maintains low costs. These features are critical for a token that is meant to be used for governance and incentives. Please don’t delude yourself into thinking that Solana is free from issues. Network congestion and widespread outages have crippled the blockchain, creating a layer of uncertainty that could ultimately destroy any ease-of-use for DOOD.

Think about it: if you're trying to vote on a crucial proposal, and the Solana network is down, what's the point of even having a governance token? And don’t even get started about the security issues that have been hacked throughout the years. Despite all of the strides Solana has taken to mitigate these problems, the threat still looms.

Honestly, the cross-chain access to Base that they touted is intriguing, but it seems like a band-aid fix. If Solana’s the floor, you need to repair the floor, not just install fire escapes.

CoinW: Strategic Masterstroke or Desperate Grab?

CoinW seems to have high ambitions, insisting on promoting global financial inclusion and actively leading the crypto industry. What does doing this listing DOOD have to do with this big picture aspiration? On the face of it, great idea, right? CoinW is riding the wave of Doodles hype. This largely community-driven NFT project has one of the largest and most active NFT communities, with over 600k Twitter followers.

The $10,000 USDT bounty program is a good motivator. Is it enough? That all just depends on how CoinW decides to structure the program and how many users take advantage of it.

Here's where the "Unexpected Connections" come in. CoinW’s sponsorships, including their partnership with footballing icon Andrea Pirlo, focus on brand exposure and credibility. Taking the step of listing DOOD fills in another important piece of that puzzle. It further attracts new users on board and sets CoinW apart as a formidable force in the burgeoning NFT marketplace. It's a gamble. If DOOD flops, the opposite will happen and it would be a serious hit to CoinW’s reputation.

CoinW is ranked 4th in CMC futures markets. Additionally, they have more than 10 million users registered to use their app. Is this listing really the best way to demonstrate the ambition of a world-leading exchange? Or are they just hoping to join the NFT hype train and latch on to some low effort volume? The answer probably lies somewhere in between.

ruins the scarcity of existing Doodles NFTs.

We would be remiss to overlook the regulatory elephant that’s currently stomping around the crypto space. The regulatory environment for crypto and NFTs is rapidly evolving. Future rulemaking will have a significant impact on DOOD’s long-term feasibility.

If regulators decide that DOOD meets any of the definitions of a security, it could face significant legal backlash. This last scenario is a distinct reality given its governance imperative aspect. CoinW and the Doodles team would have to confirm that their actions did not violate securities laws, which would be expensive and time-consuming. Let’s not kid ourselves, the crypto space hasn’t exactly been a model of regulatory friendliness. This is where anxiety turns to fear!

CoinW's DOOD listing could be a smart move, but it's not a guaranteed home run. The tokenomics of DOOD have been pivotal here. Beyond these factors, the stability of the Solana network, CoinW’s execution, and the changing regulatory landscape play a huge role.

Regulation: The Elephant in the Room

So yes, I’m cautiously optimistic, but I’m monitoring developments very closely. So don’t allow the hype and excitement to blind you to the real potential risks that exist. Conduct your own diligence, know the tokenomics front and back, and expect to lose all you put in. Weirdness… Because in the world of crypto, that’s just an ever-present possibility.

At the end of the day, whether or not DOOD becomes a success rests on their ability to graduate from being a novelty to being an asset.

In Conclusion:

CoinW's DOOD listing could be a smart move, but it's not a guaranteed home run. It all depends on the tokenomics of DOOD, the stability of the Solana network, CoinW's execution, and the ever-changing regulatory landscape.

I'm cautiously optimistic, but I'm also keeping a close eye on things. Don't let the hype blind you to the potential risks. Do your own research, understand the tokenomics, and be prepared to lose everything you invest. Because in the world of crypto, that's always a possibility.

Ultimately, success hinges on if DOOD can graduate from being just a token to becoming a valuable asset.