TOKENOMICS TUESDAY: Moonbirds Drop Allocation Details And “Nesting” Plans For NFT Holders Ahead Of Tomorrow’s $BIRB TGE

It’s a Tokenomics Tuesday in the Web3 world after Moonbirds dropped full details surrounding its upcoming memecoin, $BIRB, ahead of tomorrow’s token generation event,  leaving many wondering whether this Birb will fly or fall out of the nest.

Birb will be the word on Wednesday when the Moonbirds memecoin $BIRB launches on Solana, with 65% of the total supply allocated to the community, 25% going to investors and advisors, and 10% reserved for the team.

 

Of that 65%, 25 percentage points worth of $BIRB will be distributed to Moonbirds, Mythics, and Oddities holders. However, $BIRB will not be a one time airdrop. Instead, eligible NFT holders will need to “Nest” their assets over the next 24 months to receive their full allocations.

“Nesting 2.0 is here,” the project tweeted. “Moonbirds, Mythics, and Oddities NFTs are getting $birb token through a new design mechanic that aligns holders with the long term growth of the ecosystem. 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. 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 who nest in the first 7 days are treated as if they have been nesting for the full month.”

 

  

Following the announcement, Moonbirds NFT prices fell nearly 40% on the day, as many holders voiced concerns over the long term vesting structure tied to $BIRB.

“should change this asap imho,” Coffee With Captain’s Chris Jourdan tweeted. “Market has spoken, and not fans accelerate the unlock for holders & give more than 1 month at tge.”

 

However, not everyone was opposed to the structure.

Notable crypto trader and Web3 personality WizardofSoHo said he was bullish on the news, arguing that the vesting mechanics could reduce immediate sell pressure at launch, something that has hurt past NFT token launches.

“So let me get this straight … investors and airdrop recipients both don’t get their tokens for 2-3 years ? Literally nobody has tokens to sell at launch??? Coinbase just announced listing??? Def bidding all dips. This feels like it’ll be crimed."

 

 

 

Yuga Labs CEO Garga also weighed in on the tokenomics, calling Moonbirds CEO Spencer’s approach bold and potentially powerful.

“It's a bold, risky strategy to make NFT holders vest because many NFT holders would rather see an airdrop as a cash-in moment, sell, and move on,” Garga said. “There will certainly be some of that. 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. Spencer is in the top 5 smartest people I've ever met in crypto, and he's an absolute dog. He was always going to take a wild swing. Looking forward to seeing how the TGE plays out, not just tomorrow but over the months to come.”

 

 

Regardless of the mixed reaction, Moonbirds CEO Spencer made it clear he’s focused on the long game and the nesting approach.

“I'm no stranger to controversy,” he tweeted. “Lots changed after 10/10. given current environments this path is best. Pengu launched 3 years post-acquisition. We launched in 7 months. There's a lot more to the journey if you want to ride.”

 

 

As the Gazette previously reported, Spencer’s long term plan for $Birb is to combine the fun of memes with the seriousness of a real business.

 

“Memes move people. Companies endure,” Spencer recently wrote in an X article titled the Birbillions Thesis. “Crypto only works when both are true at the same time. Birb is an attempt to formalize that insight. Not by resolving the tension between absurdity and enterprise, but by locking them together. The meme creates velocity. The company creates gravity. Together they thrive.”

 

 

 

The Gazette will continue to follow all things Moonbirds and $BIRB and will report back on how tomorrow’s TGE unfolds  and what comes next for the project. Stay tuned for updates.