Like DOG, Angry Doge is a fractionalized token of one of the original zora doge images. It is part of the NFD ecosystem, and can be earned by staking NFD LP tokens.
It currently trades at a $1m fdv, with about 70% of the supply being unlocked through staking, or “liquidity mining”, over the next 7 years. This round offers an opportunity to invest at a $700k valuation, buying straight from feisty DAO. The funds will be used to run an airdrop to over 120,000 unique addresses, all of whom have been active in adjacent projects, including all DOG holders. The funds, about 10 eth worth, will also be added to the LP to support the price.
Your investment will vest over 6 months, with 1/6th of your token share being paid to you each month on the 25th. This proposal is for $9696 USD worth of DOG in funding.
With the size of the fractional meme ecosystem, I think we need to support one another, and I am also bullish on Doge DAO holding some Angry Doge on top of our NFD & $DOG.
I think this is exciting and would like to see this through, maybe we do a higher # paid in $DOG instead of ETH?
I love this Path, I think that this is a great opportunity for the Doge DAO to invest in another valuable fractionalized token from such a legendary series of NFTs.
