//State of the Chikn #4
What we’ve achieved, what we’re working on, what’s to come…
Time flies when you’re laying EGG
Can you believe a whole month has passed since the Roost at chikn.farm went live?
It might be the 18-hour workdays speaking, but we certainly can’t.
We felt it’s time for a catch-up, to keep you abreast of some of the enormous things we’re achieving as both a team AND a community.
You’ll get some insight into what’s been an epic month, what we’ve been working on in the background, and what we have planned for the future.
Buckle-up for a big one. Bok bok.
TLDR:
- Twitter followers up 162.163% and Discord Members up 149.33% (in 25 days 🤯).
- Shauna Burbary joins chikn as CMO — Chief Marketing Officer.
- TraderJoe EGG-AVAX farm went LIVE, and has been extended, with FEED rewards another 1.7x higher than they were.
- The native LP farm contract audit is nearing completion, all things going well, expect it LIVE in Q1. Rewards will be higher than the single-sided staking on the Roost page.
- The infamous ‘Leaderboard’ is built, and we are preparing to implement.
- CNS — or chikn naming service — is imminent, that is if it’s not already out by the time this is published.
We’re so excited to see what names you can come up with and all the prized coqs on the leaderboard. - RNS — or Roost naming service, is to be expected shortly after, and ahead of schedule.
- The Community continues to build incredible tools that enrich the ecosystem, and all seem to hold their coq close to their heart, eggspecially you, Enzo!
- Notable Partnerships.
- All weekly EGG allocations are slashed by 75% — extending the eggscretion period from 6months to 2 years!
- Updated vesting strategy, & EGG DAO contributions
- Additional security with Open Zeppelin Timelock implementation.
- “Coq Fight” — a peak behind the curtain.
Everyone Loves a chikn.
While we’ve all been diligently feeding our chikn and laying EGG, the movement that is chikn, has started making waves, in a big way. Well, it’s more like a tsunami of coq, at this point.
We’ve seen you on Twitter flashing your coqs, running community giveaways, and always spreading the love, and rest assured, the Avalanche and larger crypto communities are taking notice too.
The hype is palpable, it is intoxicating, and we’re endlessly grateful.
The most passionate, supportive, and downright beautiful bunch of mothercluckers in this entire web3 universe. We love you.
Impressions and Growth 📈
In the last 25 days, our Twitter and Discord have grown astronomically.
Our Twitter following has skyrocketed, from 2.82k to 7.39k (162.163%).
While our beloved Discord has more than doubled from 2.25k members to 5.61k (149.33%) at time of writing.
The chikn NFT stats have broken nearly every record on Avalanche, with our Market Cap exploding from $3.24 million to a mindblowing $23 million, in less than a month.
We are now the largest, most venerated AVAX NFT, by an enormous margin.
Shauna Burbary — our new CMO
Marketing leader and brand strategist, Shauna Burbary is now on-board the chikn express, helping to take our marketing and brand expansion to the next level as our newly appointed Chief Marketing Officer.
An Avalanche native, and already deep into the web3 space, Shauna hails from a wealth of experience in traditional marketing and high-end brand awareness.
With work experience as expansive as our community, Shauna has worked with some of the world’s leading brands and corporations — From General Motors to tech influencers, and from leading credit card companies all the way to international Airlines.
We’re excited to have a professional of her caliber assisting in the growth of the chikn ecosystem.
https://www.linkedin.com/in/shaunaburbary/
https://twitter.com/ShaunaBurbary
chikn and Roost Naming Services 🥚🔥
As promised, the chikn Naming Service (CNS) and Roost Naming Service (RNS) are upon us, and could be live as soon as the end of this week 🤞.
The time has come to flaunt your coq’s individuality, secure your gamertag for the upcoming P2E, and together we’ll burn through eggs faster than an omelet man at a breakfast buffet.
How EGGspensive?
This is your custom number plate. Your premium gamertag. This is your chance to show the world your coq, the way you want it to be seen. Not only can a name bring individuality, but it can shine a whole new light on your chikn — showing admirers and potential buyers its lineage, its history, its heritage. So in saying that:
Naming a chikn: 30 EGG
Naming your Roost: 70 EGG
All EGG is burned from supply.
Feed for thought, the real-world cost to change a chikn’s name varies with the value of egg. We are eager to see how these market forces affect the price of a well-named chikn, considering there may come a day when a custom name would cost thousands of dollars.
While speculation is exciting, we are but simple farmers. The CNS and RNS are an opportunity to acquire kudos and cred — To show all of chikn-kind what lies beneath our feathers.
Whether that’s a BigMutherCluker, a PortlyPoultryLover, or even a DegenEggMaxi… or Jeff. Jeff would be a cool name too.
And if this need for eggspression happens to burn a truckload of EGG, then the ecosystem wins.
Leaderboards
What good’s a flashy new name without somewhere to show it off?
The new chikn and Roost leaderboards will organise and categorise the whale wars, to settle once and for all who has the fattest coq, and who lays claim to the biggest Roost.
Native LP Farm(s)
Contracts are Undergoing an Audit
This goes without saying, but the native LP farm needs to be perfect before we launch.
That’s why we’ve paid top-dollar for one of the MOST experienced teams of blockchain security experts for an extensive audit.
More details will follow, but rest assured, some of the biggest brains and most trusted names in crypto are helping us double wrap every coop with the cryptographic equivalent of titanium chicken wire.
How Native LP Farming Will Work?
Expect future articles to tackle this in-depth. All you need to know for now is native farming will be intuitive and simple, and highly rewarding.
Once the farm is live, you’ll provide 50/50 pairs on AMMs to receive LP tokens. These tokens earn a share of tx fees from the Pool. You then come to chikn.farm to stake them.
Providing Liquidity is subject to IL (Impermanent Loss), unlike single-sided staking you already know and love.
But as a reward for providing liquidity to the ecosystem, you’ll be able to enjoy much healthier farming multipliers, which aim to completely overshadow any potential IL
The single-sided staking isn’t going anywhere either, so will you put all your eggs in one basket, or a few?
A Community Like No Other
This month we’ve seen the first YouTube tutorials explaining how to roost chikn and lay eggs. We’ve watched from the sidelines as community giveaways run by chiKnwhalegod, Quaison, and Duke#7914 have gifted 100s of AVAX worth of chikn to unsuspecting community members.
onethirdnerd wrote two brilliant Medium articles. First, he explained how to find your coq, and followed it up with another explanation on how to play with it.
Big ups to TOB — the brains behind coq.money for creating a tool that shows us how valuable our coqs truly are, White Buffalo for collating all the community resources at Stracoqegy.com, and Mesiya for continuing to improve on ratemycoq.com.
If you’d like a more complete list of community-built tools check out the community-resources channel in the Chikn Discord.
Enzo, That Pro-Coq Guy - holds his chikn close to his heart.
Notable Partnerships
History Minted
On January 12, we announced our partnership with History Minted. Together we forged a unique NFT to immortalise the launch of chikn . We are excited to announce the winner of this community giveaway.
El33t.io
On the fourth of January, we partnered with el33t.io. If you don’t obsessively follow avax NFTs, el33t is a collection of artistically themed Emin Gun Sirer (the founder of Avax Labs).
We want to take this opportunity to congratulate them on a successful mint, and our community on contributing significantly to this effort!
El33t.io put aside a cool 500 AVAX to buy a flock of Chikn. They plan to allow the DAO to distribute the FEED rewards from their chikn to the holders of their NFTs OR grow their chikn biggr.
Already we are seeing the beginning of the exciting prospect for DAOs to hold chikn and EGG to redistribute rewards to their members and to engage them with their project. And such is the power of chikn.
EGGmissions — slashed by 75%
Don’t worry. Not from your chikn!
To reflect our genuine commitment to the growth of the chikn ecosystem, as well as support the healthy balance of eggmissions, we have decided to reduce all weekly allocations by 75% in extending the distribution across the full length of two years.
The old Allocation model allowed for more ecosystem funds, sooner, but we have not even needed to mint them.
The new Allocation model allows for a slower, steadier increase in eggmissions. A lower supply, and a slower supply.
We are still confident to meet all of our funding needs with this new model.
This, of course, doesn’t factor-in burning of egg supply — which will slow, and reduce, the rate of net emissions further still.
The method of minting has also changed, with added security through an Open Zeppelin timelock for full transparency at all times, available here for all to see.
We will mint all allocations to their corresponding wallets, we will stake the supply on chikn.farm, and we will commence building the EGG DAO Treasury’s 800million FEED with the rewards.
The newly reduced allocations will then incur a further 8.33% breakage fee EGG burn when incrementally unstaked — just like every player in our community.
And finally, a little on Coq Fight…
Yes, we said a LITTLE.
Plenty more will come in time — but given the rapid nature of derivative/copycat/forked projects in this space, we don’t want any information circulating before we have our own product for the eggcosystem ready. to. go.
Mechanistically, this proof-of-concept incarnation of Coq Fight is not the hardest game to build in isolation. But bringing a satisfying, enjoyable, and repetitively playable experience on-chain is a larger mountain to scale than some may think. This is why so few projects in the space have executed it well, so far.
Then also making the game work in perfect symbiosis with your individual chikn and the ecosystem at large, is where the exhaustive and time-consuming effort must be spend.
This is representative artwork of what we’re accomplishing behind the scenes, not actual execution of implementation. None of this artwork is to be mistaken for in-game ‘alpha’.
In summary
We have all achieved an incredible amount over this past month, as a dev team, and ESPECIALLY as a community.
Other than developing all of the above at a pace of outright fury, we have spent the latest hours of the night meeting with some of the biggest projects and figureheads on Avalanche, and in crypto.
We’d especially like to thank the teams at Avalabs, Chainlink Labs, Kalao, Trader Joe, and Pangolin for their time and generosity over the last few weeks.
Wow, that was a lot.
If you read all the way to the end, take a breather and go feed your chikn.
Onwards & upwards (& outwards),
Your friendly neighborhood chikn Team.
