Material Campaign

The material campaign functionality gives insight into the Bit.Country economy. A round is the time it takes to mine 7200 blocks which are about 24 hours. Every round, the BIT that is mined is rewarded to users. The BIT will be distributed into four pools; NEER staking, Land Staking, and two pools yet to be disclosed. 38.17% of the BIT that is mined every round is distributed to users that have NEER staked (In future feature releases, BIT will be rewarded for other activities such as land staking and other activities that have not yet been launched). The amount of rewarded BIT is proportional to the amount of NEER the user has staked.

The initial supply of BIT is 1 billion. The amount of BIT mined every round is subject to change to monitor inflation. In the first year BIT inflation is 15%.

An easy way to calculate an estimated $BIT reward would be using the following formula: My $BIT Rewards in current round = ((Total $BIT in Current round / Total $NEER in stake )* My NEER in stake) * 0.3817