Skip to content

Tokenomics

Jump to bottom
S. K. Rotwang 9000 edited this page Oct 12, 2023 · 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. 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.

Register for the airdrop at: https://t.me/BitxLiveBot

Future Development:

  • 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.

Clone this wiki locally