Bit.Country
  • Welcome
  • Whitepaper 0.7
    • Overview
    • Inception
    • Background
    • New Problem & Solution
    • Point of Difference
    • Opportunity of The Century
    • Design Goals
    • Common Entities
    • Continuum
    • Your Metaverse
    • NFT - Non-Fungible Token
    • Land Economics
    • Network Currency - NUUM
    • Bit.Country Pioneer - NEER
    • BIT & Campaign
    • Governance
    • Target Audience
    • Official Links
    • Disclaimer
    • Change Logs
  • Metaverse App Network
    • Overview
    • Security Audit Report
    • Key Components
  • Testnet
    • Testnet $NUUM
    • Run a testnet node
    • Get a Wallet
  • Popular Links
    • Bit.Country
    • Metaverse App Network
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On this page
  • Roadmap
  • Why Canary Network
  • Journey
  1. Whitepaper 0.7

Bit.Country Pioneer - NEER

Bit.Country Pioneer is the canary, cousin network on Kusama.

PreviousNetwork Currency - NUUMNextBIT & Campaign

Last updated 1 year ago

It is Bit.Country deployment on Pioneer Network connecting to Kusama.

Roadmap

Why Canary Network

Polkadot or Kusama ecosystems have a canary network model allowing projects to have more flexible rules and try out their innovation using a smaller token generation event.

The utilities of NEER are the same as NUUM. However, the token generation event is slightly different.

Total Supply: 100,000,000 (non-inflationary), which is a much smaller amount than NUUM.

Description
Allocation
Description

Crowdloan

15.56%

30% at TGE, then linear release till block 2,269,399 on Pioneer Network.

Early Backers

17.51%

0% at TGE. Linear release starts at block 3,190,000 and will run for roughly 24 months. The NEER tokens will be staked through a proxy protocol earning BIT until fully unvested.

Ecosystem (Reserved)

5.00%

100% at TGE **To be released and used strategically for ecosystem purposes within the next few years. Advisors schedule are treated the same as founding group

Future Investors

6.93%

0% at TGE. Start linear release after 12 months for 24 months

Reserved

8.00%

0% at TGE. Start linear release after 12 months for 24 months

Marketing (Reserved)

5.00%

100% at TGE **To be released and used strategically for marketing purposes within the next few years.

Founding Group

20.00%

0% at TGE. Start linear release after 18 months for 24 months

Treasury Reserve

22.00%

We reserve this portion for upcoming crowdloans or development, if needed.

  • Although some availability is 100% at TGE, the allocation will be released strategically (exchanges, JVs, etc) within the next few years.

  • The schedule for current or future advisors (currently 0.5%) follows the same rules as the founding group.

NEER Token Release Schedule

Journey

LogoBit.Country Pioneer Network Launch Phases - HackMD