# WHAT ARE $WORMS?

![](/files/qHxdbB8EhYP9gMyeY1t9)

**$WORMS** is the core utility token throughout the Early Birds ecosystem. Early Birds have been generating 5 v1 $WORMS per day since mint, via passive staking. Prior to implementation of our [**Worms Mart**](/ebgwp/usdworms/worms-mart.md) (marketplace) and our Polygon v2 $WORMS token, we will have members **claim** their v1 $WORMS, which will be replaced with our new Polygon v2 $WORMS. Holders will have their claimed v1 $WORMS amount **snapshotted** and will be **airdropped v2 $WORMS** equal to their v1 quantity. After this airdrop, the only way to generate $WORMS will be via [**locked staking**.](/ebgwp/usdworms/locked-staking.md) 

Early Bird [**rarity** ](/ebgwp/usdworms/rarity.md)and **staking periods** are variables that **increase $WORMS production**. 

We will **NEVER** establish a liquidity pool for $WORMS. All $WORMS utility and value is confined within the Early Birds ecosystem. **1 $WORMS = 1 $WORMS.**


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