$EGG Tokenomics
Last updated
Last updated
Token name: chikn egg (EGG)
Contract: 0x7761E2338B35bCEB6BdA6ce477EF012bde7aE611
Initial supply: 2 million (2,000,000) $EGG
Max supply: Uncapped
$EGG is a fair-launch token, meaning that there was no pre-sale. The initial supply distribution was as follows:
1 million (1,000,000) $EGG airdropped equally to all 10,000 chikn (100 $EGG each) with no prior advertising or announcement of the fact.
1 million $EGG reserved for liquidity, to keep the ecosystem functionally optimally and with minimal slippage.
An additional 52 million (52,000,000) $EGG was allocated to various smart contracts and wallets to support ecosystem functions. This $EGG is programmed to unlock weekly over the first two years of operations. The details of these allocations are as follows:
$EGG supply is uncapped—all chikn will lay $EGG forever. Despite the token being uncapped, functions within the Chikn game and broader ecosystem are designed to counteract token inflation and, eventually, surpass emission rates to create a deflationary token.
At launch, 10,000 roosted chikn at a minimum size of 1 KG released tokens at a rate of 10,000 $EGG per day. As the KG of roosted chikn increases, this rate will approach a hypothetical maximum of around 120,000 $EGG per day.
It’s important to note that chikn KG cannot grow forever, and therefore there is a point at which the rate of $EGG production will stop increasing. $FEED tokens are required to increase the KG (and rate of $EGG emission), and $FEED tokens have a hard supply cap. Once $FEED runs out and all $FEED is fed to chikn, $EGG emissions will be fixed. See the section on $FEED for more information.
To estimate the total supply over the first 24 months, we used the following projections:
$EGG laid by chikn over 24 months: ~63 million $EGG
Total supply in the first 24 months (factoring in ecosystem allocations): ~116 million $EGG
It’s important to note that these are only estimates. The actual figure will depend on the total KG of roosted chikn which is determined by players who use $FEED to increase the size of their chikn.
The circulating supply of $EGG at any given time will be impacted by:
$EGG emission rates as determined by Roost KG.
The ways that players can burn $EGG in the game and broader ecosystem.
Amount of tokens permanently locked in liquidity (see the FarmLand NFT Mint Mechanics section for more details on liquidity locking).
The only way to mint new $EGG is to have a chikn NFT laying them for you. If you want to get involved, grab a chook and get laying.
Team & Advisors: 10.4 million $EGG
Ecosystem Development: 10.4 million $EGG
Liquidity: 10.4 million $EGG
Marketing: 10.4 million $EGG
Strategic Partnerships: 10.4 million $EGG
