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Tokenomics
S. K. Rotwang 9000 edited this page Sep 25, 2023
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Total Supply: 1,000,000 BITX
- Initial Mint: 1,000,000 BITX (all tokens initially minted to the deployer's address).
- Sale Pool: 500,000 BITX (50% of total supply available for purchase at a fixed rate).
- Airdrop: (Specified amount, e.g., 100 BITX per eligible address). The airdrop is claimable by a select list of participants.
- Stake BITX: Users can stake their BITX tokens directly within the contract.
- Early Unstaking Penalty: An early unstake, done before 30 days of staking, will result in a 10% penalty.
- Staking Benefits: Stakers are eligible for certain benefits, like revenue sharing, which will be distributed proportionally to the staked amount.
- Rate: The price of BITX tokens will be fixed during the sale period (e.g., 1 ETH = X BITX).
- Purchase Limit: To ensure fair distribution, there's a cap on the maximum amount a single address can purchase during the sale.
- Eligibility: A select list of addresses are eligible for the airdrop. The list will be decided based on certain criteria or promotions (e.g., Twitter competition, holders of another token, etc.).
- Claiming: Eligible addresses must manually claim their airdrop. Those not on the list will be notified of their ineligibility but will have the option to purchase BITX tokens at the fixed rate.
- Revenue Sharing: Future development plans include a revenue-sharing model where revenue generated by the platform will be shared among stakers.
- Extended Functionality: The initial smart contract is designed with simplicity in mind. However, additional functionalities and integrations are planned for future versions.
Note: Always ensure that you understand the risks involved when participating in token sales, staking, or any cryptocurrency-related activities.
This is a general tokenomics breakdown, and you can adjust the numbers, percentages, and details as required. Ensure to provide all necessary disclaimers and details on the website to ensure users understand the mechanism and risks.