$MILK Tokenomics


  • 50 million max supply

    • 20 million was added to the initial liquidity pool

    • 30 million will be introduced to circulation only through staking

  • All MILK collected through project events (raffles, merch etc.) is taken out of circulation, only to be re-introduced through staking

Uses for $MILK

  • NFT Rentals

    • Rent your favorite utility focused NFTs at a fraction of their value. Learn more

  • RPC Rentals

    • Make the most of your snipers and mint bots by renting out our RPC

  • Raffles


    • Buy and Sell NFTs for MILK

  • Exchange for other currency

    • To get the best rates, we suggest using jup.ag

Looking to buy MILK? jup.ag


Value comes down to basic supply and demand. If there is a demand with a fixed supply, as the amount of circulating tokens decreases, the price increases. By consistently bringing in more tokens than we are giving out through staking, the circulating supply would be consistently decreasing, thus increasing the price. In theory, it is quite simple but in practice, demand relies on many different factors. Something as simple as hype can drive the value of a token, but without a consistent demand it will eventually crash. Instead we are focusing on providing a variety of utilities to provide that consistent demand.

We saw some initial success with two of our first utilities added, NFT rentals and RPC rentals. Combined they were able to reach negative token emissions (more tokens coming in through utilities, than were going out through staking). Unfortunately, both of those utilities are focused on improving NFT trades and when the demand for trading declined across the whole market, we also saw a drop in use.

The best solution to this, is to provide a range of utilities that thrive in various conditions. That way if one utility sees a period of less demand, there are others to pick it up. With the project just starting out, this will only improve over time. As more utilities are added, the value of MILK will be come more stable.

A Token for the Community

Our goal with the token was not just for everyone to exchange it to SOL but to build out a token that brings together communities and incentivizes those choosing to build utilities for MILK. With MILK we want holders to be able to choose the utility that best suits them. By being an Udder Chaos holder you are continually receiving MILK which allows you to pick and choose what suits you. This also allows non-holders to purchase MILK and test out these utilities for themselves.

We have already seen some success in this regard, as quite a few people are buying MILK just to rent the RPC or an NFT that is out of their budget. This allows Udder Chaos to expand beyond just the holders itself, but to connect with the entire Solana community. We only expect our ties with the community to improve as we continue to build and release new utilities.

Liquidity Pool

When launching the token, we started a liquidity pool on Raydium. For those not familiar with the process, you can created an AMM (Automated Market Maker) which automatically adjusts the price of the token. For it to function, it needs a deposit of both sides of the trade. In our case USDC and MILK. In return for locking those up, you receive a different token which allows you to pull out your deposit at any time. To provide reassurance to our holders we decided to burn all of our liquidity pool tokens, which prevents us from ever being able to pull out any of our initial deposit. Below are the transactions burning the LP tokens.



Top Holders/Project Wallets

Wallet Address% OwnedProject Related?



✅ RPC Rentals



✅ NFT Rentals



✅ Jake's Personal Wallet (Founder)



✅ Raydium



✅ Staking Wallet





✅Annoyed Rex Collab Staking







✅25% of Royalties for Liquidity (99% of MILK is from a Blocksmith Raffle in June 2022)

Data from Jan 3, 2023

No other wallets > 1%

The top 10 wallets hold 83.73% of all tokens, with project wallets accounting for 78% of that. The project doesn't have any VCs, no early investors, and did not provide bonuses of any kind to team members or holders. Anyone with large amounts of MILK has bought from the market just like anyone else. With a vast distribution across MILK holders, aside from the project itself, holders can be reassured that there isn't one or two big holders manipulating the market.

Investing in Utility

Aside from the utility that already exists for the token, we will continually add new utilities to increase the value of earning MILK for our holders. 25% of all paid royalties are sent to one wallet with the purpose of increasing the value/utility of MILK (7ThGUd....bPyLdsS). Two key examples are NFT Rentals and RPC Rentals. The invoice for the RPC can be found here. For the NFT rentals, it was easier to manage out of another wallet (F65oeX....59RfpK6). You can see all of the transactions and NFTs purchased by looking through the Solscan for the wallet. There will be many more utilities to come, and we will continue to invest these royalties. The more utilities we have, the more stable the token will be.

Buy MILK with Royalties?

A common question we get is "Why don't you invest the SOL directly into buying MILK?". It's not a sustainable practice, and investing in utilities ends up bringing more value. A perfect example is our rental treasury. To this point there has been over 6000 rentals, bringing in over 500 SOL worth of MILK to this point. If we had just bought the MILK we would have nothing left, but with the rental treasury we will continue to bring in more MILK and still have the value of the NFTs that could be sold at anytime, recovering most of the investment. In short, we don't buy MILK because we can make more valuable by investing in utilities.


If the amount of tokens being generated far exceeds the amount being collected, we will quickly approach the cap. To avoid running out of tokens for us to provide through staking, we will adjust staking rates as needed. At 10 million tokens remaining, we will reduce staking earnings by 25%. At 5 million tokens remaining, we will estimate our monthly average incoming tokens and change the staking rates to match that. At 2 million tokens remaining, we will reduce staking rates to 50% of incoming tokens. We don't foresee this being required anytime soon, and definitely not in the first year. It's important to plan for the worst. Things are just getting started, let the Udder Chaos begin.

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