BAWK ecosystem
BAWK Token The BAWK token operates on the Polygon network for high-speed transactions and low gas fees. We cover the gas fees for all race entries and payouts. There are 2 billion BAWK tokens in total, allocated as follows:
30% Presale
22% Ecosystem
8% Liquidity Pool
40% Staking Rewards
BAWK Staking Earn yield from your BAWK tokens by staking them into chicken racing companies (CRCs). We have five racing companies, each with its own race tracks. Each time a race runs through their tracks, they receive 20% of the in-game fees in Jewels and send it back to the CRC shareholders at the end of each epoch.
Epochs run in seasons of 28 days. During the first 10 days of the epoch, you can increase your stake. After these 10 days, you cannot increase your stake anymore during the running epoch. However, you can reduce your stake at any time. Your share of Jewels within each racing company can be claimed at the end of each epoch.
Chickens Staking We have allocated 40% of the total supply towards staking rewards for our chicken holders. You can stake your chickens into the chicken vault, locking them into our staking contract. During the staking period, you can still race your chickens while earning yield from staking. You can purchase chickens here: OpenSea Collection.
Racing Rewards Each time you enter a race and spend Jewels for entry fees, you will receive your share of BAWK tokens. At the end of the race, you will automatically receive your BAWK tokens, regardless of whether you win or lose. These BAWK tokens can then be used to buy shares in racing companies to earn more yield in Jewels.
The BAWK racing rewards are based on the total prize pool for races with 12 chickens. If a race only has 6 chickens, the total reward (based on 12 chickens) will be shared among the 6 chickens. This ensures that the reward is larger if the race does not have the full 12 racers.
Jewels Purchases To enter races, you will need our Jewels tokens. To obtain them, you need to bridge your USDC from the ETH mainnet to Polygon. You can do this bridge on Metamask. You can purchase 70 Jewels with 1 USDC and always exchange Jewels back into USDC. Another option for bridging is https://bridge.umbria.network/bridge/, as they often have much cheaper bridging fees. Our Jewels contract ID is: 0xC5c40ef75F3Dda4feF8610E8d3b83464ED7cfd8d.
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