BIT & BIT(Spot)

Use BIT for on-chain activities. Use BIT(spot) for in-metaverse transactions.

💰 What is BIT?

BIT is the primary in-game utility token. It serves as the essential material and energy source of Bit.Country. Users can earn BIT in the Material Campaign by staking NEER or staking NEER in an Estates.

BIT is perpetual and settled on the blockchain, making it highly secure, similar to cold storage. It is intended for future on-chain activities, such as decentralized exchanges. Users are advised to accumulate BIT on the blockchain and convert amounts into BIT(Spot) for daily transactions.

BIT is produced continuously in mining rounds that take about 24 hours to complete. A specific BIT amount is mined each round with a 15% inflation rate in the first year (subject to change to avoid inflation). Once a round is completed, the mined BIT is distributed to participating users.

Initial Circulating Supply: 1 Billion BIT

💸 What is BIT(Spot)

BIT(Spot) is used for in-metaverse transactions. The balance is held in a transactional and on-platform account that is ideal for fast transactions.

There is NO gas feed when performing BIT(Spot) transactions

Uses of BIT(Spot):

• Crafting NFTs.

• Building, placing, and removing voxels.

• Placing and removing 3D assets.

• Placing and removing props.

• Customization of Estate images.

• Customization of Metaverse Settings.

• Pulse page posts.

BIT(Spot) utility is continuously being added to our platform. Note: BIT(Spot) utility is constantly being added to Bit.Country

Read more about BIT here.