Tokenomics

Before we dive into the detailed rundown of each allocation, here are some important points to note. This is not a token launch but rather a token migration from BIRD to OCADA. Consequently, all previous holders of BIRD will be able to migrate their tokens once the token is live on Solana.

BIRD token has been trading for almost four years, and all associated vesting schedules have now concluded. Hence, we’ve decided to make 100% of the supply circulating at launch. This ensures that our circulating cap and FDV are aligned (we predict both will be around a 2.5 million market cap at launch, depending on the BIRD market cap at migration).

While the supply will be fully circulating, it is crucial for the community to understand exactly how each tranche will be used. The detailed breakdown is below. For full transparency, every allocation will have its own labeled Multisig wallet, where each transaction will be verifiable on-chain. The community will be able to view each allocation in real-time and verify that tokens are being used as intended. Before tokens are used, the community will be informed about where they are going and how they are being used. For example, if we release a percentage for a Developer Grant, this will be communicated to the community, and transactions will be verified on-chain.