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Moonbirds reveals $BIRB token economics – 25% allocated to NFTs

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By Crypto Gloom
Moonbirds reveals $BIRB token economics – 25% allocated to NFTs

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

Moonbirds Reveals $BIRB Token Economics

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

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

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

Moonbirds has a unique staking mechanism called ‘nesting’. By nesting Moonbirds, NFT holders get exclusive opportunities to receive perks and rewards. Orange Cap Games is also home to Mythics, a collection of non-fungible tokens featuring limited editions of 9,774 NFTs hosted on the Ethereum blockchain network, and Moonbirds Oddities, a series of non-fungible tokens featuring fixed versions of 10,000 digital assets hosted exclusively on the Ethereum blockchain network.

$BIRB Token Economics Explained

After weeks of waiting, the Orange Caps Games team, led by renowned cryptocurrency investor and brand energizer “Spencer”, has finally unveiled the $BIRB utility token. The team allocated 65% of the 1 billion total supply to the community and reserved the remaining 25% for the team, advisors, and investors. Nested Moonbirds, Mythics, and Oddities NFTs will receive 25% of the total token supply.

In the meantime, Moonbirds, Mythics and Oddities NFT holders will receive new $BIRB tokens through a new design mechanism that aligns holders with the long-term growth of the ecosystem. To claim $BIRB, deposit your NFT into the Nesting Protocol and receive a Soulbound NFT of $BIRB while nesting. There are no more Birbs attached to the market. On the 28th of each month for the next 24 months, nested NFTs will claim 1/24th of their allocation.

Nonetheless, if you only nest for part of the month by your monthly billing date on the 28th, you will receive a prorated amount. There’s no need to rush. All NFTs nested during the first 7 days will be treated as if they had been nested for a full month. SBT allocations will be fully unlocked at launch, and nested birbs will also receive their first month’s unlock on day one. The $BIRB token launch comes seven months after the Orange Cap Games team acquired management of Moonbirds from digital asset company Yuga Labs.

Spencer is fixing NFTs despite facing massive backlash

The Orange Cap Games team experienced a huge backlash from the community over their $BIRB allocation, with many complaints being raised about the allocation to non-fungible token holders. Some holders of Others expressed frustration with the billing period. “The SBT allocation is fully unlocked at the Token Generation Event (TGE). But NFT holders have to stake their SBT allocation over 24 months of vesting to unlock the allocation. That’s really unfortunate for one of the NFT holders,” complained one of the X users.

On the other hand, Greg Solano, co-founder of Yuga Labs, hastened to defend Moonbird’s move, calling it a bold and risky strategy to cater to the NFT market. “Moonbirds is airdropping some of the tokens on Day 1 to NFT holders and then vesting them for the remaining 24 months. The idea is to have NFT holders do the vesting because a lot of people see the airdrop as a cash-out moment and want to sell and move on, but I don’t blame Spencer for trying to create a situation where they match NFT holders with their tokens for longer than it takes to sell,” explained Greg.

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