Price
$0.000018
11/30/2022, 7:59:45 AM
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Market

Market stats

Market cap

-

Volume (24h)

-

Circulating supply

-

All time high

$0.0200

Price change (1h)

0%

Price change (24h)

0%

Price change (7d)

0%

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BitANT price is unchanged in the past week.

The current price is $0.000018 per BITANT. BitANT is 99.91% below the all time high of $0.0200.

The current circulating supply is 0 BITANT.

About

What Is BitANT (BITANT)

BitANT (BITANT) is a governance token for BitBTC, adhering to the DAO ideology. The BitBTC protocol, created by BitBTC DAO, seeks to solve some of the issues of Bitcoin (BTC) by dividing BTC into BitBTC; i.e., 1 BTC into 1 million BitBTC. Consequently, the BitANT token is utilized for the buyback and burn of all the exchange fees between BTC and BitBTC. Additionally, the protocol seeks to launch yield farming, NFTs, and metaverse to their platform.

According to the whitepaper, the price of Bitcoin is high and transfers take a long time, because the present structure of BTC is not suited for making micropayments. As a solution to this problem, BitBTC DAO developed the BitBTC protocol. The whitepaper further states BTC is unable to engage in DeFi throughout the chain readily, and BTC mining requires a significant amount of power, which is not environmentally beneficial. As a result, verifying the blockchain necessitates huge processing power. The protocol seeks to introduce BitBTC to make BTC payments quicker, cheaper, and more energy-efficient, eventually achieving a cost-effective BTC global micropayment.

In order to facilitate this exchange between BTC and BitBTC, the exchange fee charged is bought back and burned in the BitANT token represented by the ticker BITANT. A token burn specifically removes some of its tokens from circulation by sending them to a zero address. Contrarily, buybacks occur when a project uses its own funds to acquire back part of its tokens at the market price. These tokens are temporarily held with the project rather than instantly put back into circulation.

Of the total supply of BITANT, the liquidity of 80% of tokens is locked in Uniswap. In addition, holders having BitBTC and WBTC earn BITANT as rewards through airdrops or mining to earn passive income. The platform states that tokens are fully allocated to the community, and the BITANT holders vote to decide further procedures, including airdrop decisions.

History of BitANT (BITANT)

As per the Certik audit shared by the platform, the BitANT protocol was onboarded on May 31, 2021. The whitepaper was released on October 14, 2021. The cofounder of BitBTC(iBitLabs) is Minhua Ouyang, an entrepreneur and innovator.

The whitepaper states that, at the time of genesis, 10 billion BitANT were minted.

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FAQ

What is the current price of BitANT?

The price of 1 BitANT currently costs $0.000018.

What is the market cap of BitANT?

The current market cap of BitANT is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of BitANT?

The all-time high of BitANT is $0.0200. This all-time high is highest price paid for BitANT since it was launched.

What is the 24 hour trading volume of BitANT?

Over the last 24 hours, the trading volume of BitANT is $0.00.

What other assets are similar to BitANT?

Assets that have a similar market cap to BitANT include UNCL, SALO Players, Moon Robots, and many others. To see a full list, see our comparable market cap assets.

How many BitANT are there?

The current circulating supply of BitANT is 0.