# Tokenomics

## Chonky Chkn NFT (ERC-721)

Each Chonky Chkn is made up of **7** traits of varying rarities ranging from **>15%** to **<0.05%**.

There are also some **ultra-rare 1-of-1s** in the collection (each one shares no traits with any other Chonky Chkn).

Besides your Chkn's base traits, here are other ways to influence your Chkn's value:

* The body or outfit of your Chonky Chkn also determines its **Squad** - some Squads are much rarer than others! Squads play into the Lore and there will be events centred around Squads.&#x20;
* Your Chkn's **Chonkiness score** starts at 0 and can be increased by how much $FEED you feed your Chkn. High Chonkiness scores will increase your Chkn's value as it will allow you to unlock fatter Chkns and influence the result of your Chkn's evolution.

## $FEED Utility Token (ERC-20)

The Chonky Chkn Eating contest will serve as a deflationary balance to $FEED production as you'll sometimes want to "excercise" your Chkns to decrease its Chonkiness score in order to reach certain positions on the leaderboard to win the contest. But in the long run you'll still want to spend $FEED to increase your Chkn's chonkiness score to unlock fatter Chkns and get a better Chkn during the evolution phase. These utilities all incentivize getting more Chkns and spending more $FEED!

