What Is BITToken (BITT)?
BiTToken (BITT) is a community-driven ERC-20token designed to reward the crypto traders functioning in the market. The token seeks to provide rewards to token holders for their participation and contribution in the crypto space.
Currently, there are too many cryptocurrency projects on a roll in the industry. These projects differ in tokenomics, features, and functions but fail to provide a valuable advantage to the users. Numerous projects are functionally restricted, failing to draw in new users or reward the current users. As a result, there was a lack of cross-community tokens that can motivate newbies and big-shot crypto traders from multiple ecosystems to come together into one platform and to trade in the market. That is why BiTToken emerged in the market—to seek to bridge the gap between the crypto traders and diverse trading (rewarding) projects.
The token BITT is primarily designed to reward community members and add to the fun and utility of the project. The token seeks to evolve to cater to the needs of token holders. Thus, the members of the BiTToken club aim to receive handsome rewards for indulging in the BITT-powered platforms and conducting transactions of tokens. BITT does not encourage the presale of tokens since the token solely aims at benefiting communities instead of attaining value for the platform.
According to the BiTToken litepaper, the first community that embraces BITT as the platform’s native token is Bitsquad. The token seeks to contribute an array of new advanced features and price cuts on the Bitswap DEX or decentralized exchange toolkit. Above all, DEXTools aims to gather crucial and real-time blockchain data into a single comprehensive interface, seeking to assist users in making an informed pick while trading in the crypto market.
It has been seen that decentralized exchange platforms fail to offer cross-platform transparency and clues related to liquidity pools, slippage, tolerance, and more. On the contrary, BITT aims to power the performance of the useful DEX aggregator, seeking to ensure that trading cryptocurrencies are profitable and easier done than thought.
Finally, the Bitswap aggregator looks over fourteen different DEX protocols to seek to assist token holders in finding assets with the least costs and optimum liquidity. Moreover, the seamless Uniswap-inspired interface aims to make swapping tokens easy on the platform. The Bitswap features a distinct NFT marketplace, seeking to enable users to acquire collectibles and art pieces for NFTs. The users seek to enjoy leveraging BITT for higher valued NFTs. Lastly, since BITT primarily aims to function as a community token, active members of the Bitsquad are granted token airdrops as rewards for contributing to the wellness of the community.
History of BiTToken (BITT)
The maximum total supply of BiTToken is 42,000,000 BITT.