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    Moonbirds Reveals $BIRB Tokenomics – Allocates 25% To NFTs

    kumbhorgBy No Comments6 Mins Read
    Moonbirds Reveals $BIRB Tokenomics – Allocates 25% To NFTs

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    Orange Cap Games, the digital asset company managing the blue-chip non-fungible token series, Moonbirds, has revealed the tokenomics of its highly anticipated $BIRB utility token. The team has just allocated 25% of the supply to the non-fungible token community, leaving many dissatisfied. In response to this massive backlash, the Moonbirds NFT floor price has tanked by +40% in the past 24 hours.

    Moonbirds Reveals $BIRB Tokenomics

    In a January 27 blog post, the Orange Cap Games revealed the tokenomics of its highly awaited $BIRB utility token. The $BIRB token will serve as an ecosystem coordination layer, connecting meme distribution, product sales, and community incentives. A total of 1 billion tokens will be issued, with a portion of the supply airdropped to Moonbirds, Mythics, and Oddities NFT holders and community participants. This much-anticipated token is slated to debut on January 28, 2026, on the Solana blockchain network.

    Orange Cap Games is a game and experience design studio that develops and publishes physical and digital trading card games. The Orange Cap is now the new IP manager for the Moonbirds, following their acquisition of the Moonbirds NFT project from the Bored Ape NFT creator Yuga Labs. Launched on April 16, 2021, Moonbirds is a non-fungible token collection previously from the digital asset incubation studio Proof Collective, featuring a limited edition of 10,000 pixilated owl-themed NFT avatars hosted exclusively on the Ethereum blockchain network.

    Moonbirds NFT collection was created by Kelvi Rose, the digital artist, tech entrepreneur, and venture capitalist. Each Moonbirds NFT is a unique digital image of an owl, with variations in characteristics like background, beak, body, eyes, eyewear, feathers, and headwear. Moonbirds NFT collection gives holders access to the PROOF Collective’s private Discord server, potential access to in-person events, physical items, airdrops, and “full commercial art rights” for their Moonbirds NFTs.

    Moonbirds have a unique staking mechanism that’s called ‘nesting’. By nesting a Moonbird, the NFT holder gains an exclusive chance at perks and rewards. The Orange Cap Games is also home to Mythics, a non-fungible token collection featuring a limited edition of 9,774 NFTs hosted on the Ethereum blockchain network, and Moonbirds Oddities, a non-fungible token series featuring a fixed edition of 10,000 digital assets exclusively hosted on the Ethereum blockchain network.

    The $BIRB Tokenomics Explained

    The Orange Caps Games team, led by prominent crypto investor and brand revitalizer “Spencer,” has finally unveiled its $BIRB utility token after some weeks of waiting. The team has allocated 65% of the 1 billion total supply to the community and reserved the remaining 25% for the team, advisers, and investors. Moonbirds, Mythics, and Oddities NFTs that are nested will receive 25% of the entire supply of the token.

    In the meantime, Moonbirds, Mythics, and Oddities NFT holders are receiving new $BIRB tokens through a new design mechanic that aligns holders with the ecosystem’s long-term growth. To claim $BIRB, deposit your NFT into the nesting protocol and receive a soulbound NFT of your $BIRB while its nesting, no more stuck birbs on the marketplaces. On the 28th of each month for the next 24 months, nested NFTs get to claim 1/24th of their respective allocations.

    Nonetheless, if you nest for only part of the month leading up to your monthly claim on the 28th, you get pro rata that amount. No need to rush, all NFTs that nest in the first 7 days are treated as if they have been nesting for the full month. SBT allocations are fully unlocked at launch, and nested birbs will also be receiving their first month’s unlock on day 1. The $BIRB token launch came just seven months after the Orange Cap Games team took Moonbirds management from the digital asset firm Yuga Labs.

    Spencer Faces Massive Backlash, But He Is Fixing NFTs

    The Orange Cap Games team has suffered heavy community backlash over its $BIRB allocation, with many complaining about the allocation for the non-fungible token holders. Some holders on X argue that the team could have allocated more to NFT holders since the ‘Moonbirds’ is a pure NFT project. Others have expressed their disgruntlement with the claim period. “SBT allocations are fully unlocked at the token generation event (TGE). But NFT holders have to stake them to unlock the allocation, with 24 months of vesting. Really feel sad for those NFT holders,” one of the X users complained.

    On the other hand, Greg Solano, the co-founder of Yuga Labs, has rushed to defend the Moonbirds move, calling it a bold, risky strategy to align the NFT market. “Moonbirds is airdropping some of the token day 1 to NFT holders, and then is making them vest for the rest 24 months. It’s to make NFT holders vest, because many would rather see an airdrop as a cash-in moment, sell, and move on. But I don’t blame Spencer for trying to create a situation that aligns NFT holders with the token for longer than it takes to sell,” Mr. Greg explained.

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