Community Trust ScoreVerified
It is very common to see Avalanche ecosystem enthusiasts who are positive about everything that happens in the ecosystem. However, some of them are particularly excited about a few NFTs, and Chikn_NFT is one of them.
Space shared: Why I’m bullish on avax NFT’s, in particular chikn_nft.
For clarity, chikn are 10,000 algorithmically generated unique NFTs that lay $egg. Chikn is not just NFTs that lay $egg. Chikn is an entire ecosystem built around these NFTs – encompassing novel Tri-Token Architecture. Chikn is extending the utility of Public Minting, a Marketplace, and Farming for emerging NFT+token creators on Avalanche.
In the Tri-token ecosystem, Chikn is your upgradeable chikn NFT, that lays $egg. $egg: The governance and utility token of the chikn ecosystem. Hodl, use, or sell on the open market. $feed Harvested at chikn.farm, eaten by chikn, or sold on the open market. Lay Roost your chikn and lay $egg. Biggr chikn lay more $egg. Farm Received $egg LP tokens are used to farm $feed at chikn.farm. Size (Kg / KillerGainz) $feed permanently increases the size of your chikn. It’s written straight to the metadata of your NFT.
By visiting the market you will be able to see the lowest price, the highest price, the lowest last sold price, the highest last sold price, highest rank, and lowest rank. Also the items and the Rarity Floor prices.
NFTs have the unique ability to combine utility with the power of mimetism. When you can have both, why not have both? It’s simple, really. Everyone knows that chikn lay $egg.
The reasons cited are that it has lot of room to grow. Avax MC – 25 Bil ; Sol MC – 50 Bil (2x avax mc); Eth MC – 450 Bil (18x avax mc); Top Avax NFT MC – 20 Mil; Top Sol NFT MC – 200 Mil (10x avax nft mc); Top Eth NFT MC – 2.5 Bil (100x plus avax nft mc).
Also, the AVAX community is all head and shoulders, therefore, a lot better than several other networks. There are Top memes, which are Grounded and based and they work together and not against each other.
The NFT has an organically grown discord community. There is constant support and chilled positive vibes. There is no bag shilling and they are very transparent. Their community giveaway is now worth 150k (shoutout to the kernel CryptoHippy420). Future launchpads and partnerships for other $AVAX NFT projects are in place.
Chikn has given so much value to their community that we have no reason to sell. All these developers have done for is to deliver and give the community value. They’ve won the long-term trust of the community.
Several other projects have taken note of these factors and they are looking to partner long term chikn_nft
For instance, el33tio is buying 500 AVAX of CHIKN. Also, AvaxSnowmanNFT is also buying CHIKN for their DAO treasury.
It’s like when you meet a friend of a friend, they are both like mutual friends. So, the liking for NFTs is growing. Also, this is only going to grow CHIKN and the projects which invest and partner with CHIKN. It is a win-win situation for NFT investors.
Tokenomics: CHIKN tokenomics changed the game by leveraging avalanche community, fast transactions, and cheap gas. They took Cyber Kongz tokenomics and made it better in the long run.
Cyber Kongz problem is that with one token getting emitted every day you can only do so much to burn that token in the hopes of keeping it stable.
Chikn solved this in two ways: 1) By adding a second token that has a finite supply and is used to increase the size of your NFT, emitting more of their governance token. This game theory has kept the interest high in the short to midterm.
2) Once feed, their finite token is fully dispersed. They will use their governance token egg as a launchpad for other AVAX NFT projects. EGG will become other projects $ feed. Once again starting the game theory cycle. This is another win-win. New projects get to leverage the community and reach of CHIKN. CHIKN gets to leverage its token-burning system.
Based Devs: CHIKN devs have shown that they can deliver a product. They communicate well and clearly with the community. They are in for the long term. They are also looking to grow the AVAX ecosystem, but not just themselves.
What happens when the music stops? We already are and will continue to see copycat projects of CHIKN and their Tokenomics. Many will be flash in the pans and fail miserably.
Those that innovate and build community will prosper. Projects that will survive downturns in the market will be the ones with: The best communities (hardcore owners won’t sell) – innovative – long-term mindsets – continue to provide value to their communities.
CHIKN has grown its roots faster and deeper than any other AVAX NFT project. I don’t see that stopping and this is why I’m most bullish long-term on their project. NFTs are just an AVAX ape’s opinion on the space.
