Chikn Egg
EGGProject Safety Score: 10%
Updated 2 weeks, 6 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
chikn is Avalanche's premier platform for upgradable NFTs & dual-token economies, bridging the gap between gaming, DeFi and the Metaverse.
chikn are also an original series of 10k upgradable NFTs that lay EGG.
EGG is the native Governance & Utility token of the chikn ecosystem, and is the fuel that runs all features of the platform.
The chikn DAO governs a Treasury which originally holds 10% of the Total Supply of $feed, and increases over time.
How chikn egg is used:
EGG tokens can be staked to receive FEED that can then be used to grow the chikn.
The EGG DAO governs a Treasury which holds 10% of the Total Supply of FEED, and increases over time.
EGG is burned in a variety of methods, as a result of interacting with the chikn platform and the many products we offer.
Some of these burning methods are: Breakage fees (8.33% of all staked EGG), FEED-swaps, CNS (the chikn naming service), Minting of future NFT collections, Upgrading future NFT series, chikn p2e & PVP game/s, Breeding, 3rd party NFT minting and more!
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
