Moonbirds Launches BIRB Token Airdrop as ‘Nesting 2.0’ Begins

The NFT project Moonbirds has launched its official token, BIRB, and an airdrop for holders of its digital collectibles. The listing of the official token marks the beginning of the project’s second phase, dubbed “Nesting 2.0.”

According to a tweet from the project, BIRB was launched on January 28 through a mechanism that aligns Moonbirds, Mythics, and Oddities NFT holders with the ecosystem’s long-term growth.

At the time of writing, the Moonbirds team clarified that BIRB was live on Binance Alpha, other centralized exchanges, and decentralized trading platforms. However, airdrop claims were not live yet. The official claim and the Nesting 2.0 phase will use new websites and a fresh smart contract. Official links for the websites and contracts would be posted on the official Moonbirds X account.

The team issued the announcement to protect users from the growing number of fake accounts that lure victims to fraudulent websites. There is currently a spike in fake links and accounts making drainer attempts against Moonbirds users.

Meanwhile, Moonbirds holders have to deposit their collectibles into the nesting protocol to receive soulbound NFTs (SBTs) of BIRB. This way, there will be no more stuck Moonbirbs on the marketplaces.

Per the project’s vesting schedule, nested NFTs will claim 1/24th of their respective BIRB allocations on the 28th of each month over the next 24 months. The Moonbirds team said all NFTs that nest in the first seven days will be treated as if they had been nesting for a full month, as BIRB vesting progresses over the next two years.

As for BIRB tokenomics, the team allocated 25% of the supply to nesting Moonbirds, Mythics, and Oddities NFTs. Among other allocations, 10% of the BIRB supply goes to the team.

Although SBT allocations will be fully unlocked at launch, investor and team tokens will be locked for 12 months and vested for 24 months thereafter. Nested birbs will receive their first unlock on the launch day.

It is worth noting that the latest development comes seven months after the game design studio Orange Cap Games acquired Moonbirds. Bored Ape Yacht Club founder Greg Solano commended the speed at which the project is dropping their token after the acquisition and adopting a mechanism that promotes long-term alignment in the community.

Will Moonbirds’ latest step inspire other NFT projects to follow a similar route? Stay tuned for more updates!