# TOKENOMICS

![](https://2229185081-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FR7I7F32kiwbdrmy5XPTV%2Fuploads%2FYVaxoYg6wDh52gHP0LtL%2FEarlyBird_WormToken_v01_320x250.gif?alt=media\&token=5a3b8b6e-9e52-4101-a24b-b44197a2fa6a)

Our upcoming **v2 $WORMS token on Polygon** will be replacing our current **v1 $WORMS ERC token**. Our v2 $WORMS token will be a Polygon token with a fixed total supply of **50,000,000**. 

**5,000,000 v2 $WORMS** will be allocated to the **Bird Bank** (Early Birds' Treasury) to fund v2 $WORMS airdrops to v1 $WORMS holders.

**Moving our utility token to Polygon** allows us to create and utilize an essentially **gasless** marketplace for Early Bird holders.

All Worms Mart purchases will **burn** the provided $WORMS automatically, maintaining a healthy circulating supply. 

All $WORMS utility and value exists within the Early Birds ecosystem. **1 $WORMS = 1 $WORMS**