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Tokenomics

S. K. Rotwang 9000 edited this page Oct 30, 2024 · 9 revisions

BitX Tokenomics


Total Supply: 1,000,000 BITX


Distribution:

  • Initial Mint: 1,000,000 BITX (all tokens initially minted to the contract address).
  • Sale Pool: 500,000 BITX (50% of total supply available for purchase at a fixed rate).
  • Airdrop: 250,000 BITX. The airdrop is claimable by a select list of participants.

Taxes:

  • None.

Staking:

  • Stake BITX: Users can stake their BITX tokens directly within the contract for revenue share bonuses.
  • Early Unstaking Penalty: An early unstake, done before 15 days of staking, will result in a 8% penalty.
  • Staking Benefits: Stakers are eligible for certain benefits, like revenue sharing, which will be distributed proportionally to the staked amount sporadically.

Fixed Rate Sale:

  • Rate: The price of BITX tokens will be fixed during the sale period, Price Per Token: 0.00025 ETH (during promotion) with a bonus 10% per ETH, max 100% Bonus
  • Purchase Limit: To ensure fair distribution, there's a cap on the maximum amount a single address can purchase during the sale and a maximum 500,000 tokens for sale.

Usage: To provide liquidity and enable the future development and expansion of our ecosystem. Some to rewards to stakers.


Airdrop:

  • Eligibility: A select list of addresses are eligible for the airdrop.

****** THIS WILL NOW BE SELECTED $THOR AND $VTHOR HOLDERS. SNAPSHOT DATE TBC ******


Future Development:

  • Revenue Sharing: Future development plans include a revenue-sharing model where revenue generated by the platform will be shared among stakers.

Note: Always ensure that you understand the risks involved when participating in token sales, staking, or any cryptocurrency-related activities.

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