# 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