# BIT & Campaign ### BIT Token Economy On Pioneer - the canary network of metaverse.network BIT Initial Total Supply: 1 Billion BIT Anual Inflation Rate: 15% BIT Staking Reward: 38.17% from BIT Anual Inflation Rate ### BIT Campagin (Beta) BIT is distributed to users for metaverse development. Users can participate in the Material Campaign by staking $NEER, land commitment (land staking), experience and other activities to receive BIT to develop the land. * Bit.Country platform runs periodic campaigns to allocate the calculated amount of BIT according to users' commitment. ### Burning BIT * BIT is consumed when creating objects on the land. * Users can use BIT to craft certain objects. * Enable Features BIT will support cross-chain XCM parachain transfer --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://metaversenw.gitbook.io/bit-country/bit.country-metaverse-whitepaper/in-game-currency-usdbit.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.