Tokenomics is the study of how cryptocurrencies function within the broader ecosystem. This includes token distribution as well as how they can be used to incentivise positive behaviour in the network.
Coinbite Token: click to verify
Total Supply
1,000,000,000,000
(100%)
Burn Policy
Token Burn
every 12 months
Liquidity
750,000,000,000
(75%)
Marketing
70,000,000,000
(7%)
Pre-Sale
100,000,000,000
(10%)
Legal
30,000,000,000
(3%)
Treasury
40,000,000,000
(4%)
Team
10,000,000,000
(1%) 2 year Lock
5% =
Tax per transaction
2%
Added to liquidity
1%
Marketing Activities
2%
BNB Rewards
Terminology
Liquidity: Liquidity in cryptocurrency markets essentially refers to the ease with which tokens can be swapped to other tokens (or to government issued fiat currencies: £'s, $'s, €'s). High liquidity crypto-assets can easily be identified by their high trade volumes and a large number of investors.
Token Burns: Burning crypto is the process that effectively takes those tokens out of circulation, reducing the total supply of that coin and in some cases increasing demand.
Pre-Sale: is a practice performed by most crypto projects ahead of an initial coin offering, in which tokens are sold to interested parties at a certain (discounted) price. This could be considered beneficial for both investors and the development team, if all was to go well and the digital currency was to be a success.
Treasury: Demand for a token's offering increases when growing numbers of users find it useful, and this increases its value. As the value of the offering increases, so should the price of the utility token; as use of the network increases, so should the supply of the utility token. Optimising the ratio of a utility token’s price to its supply requires carefully managed liquidity. This is a treasury function.
Community First
Our token holders control the BITE token as well as vote on which projects to launch on our crowdfunding platform. Unlike many other crypto projects, Coinbite Dev team's tokens are locked for 2 years and hold just 1% of total supply. This means you can invest with confidence as we can never 'rug-pull' - negatively affect the value/price of the BITE token.
No Whales!
During our pre and crowd-sale funding rounds, we will deliberately limited the amount any one project backer can invest. The coinbite utility token is designed to be 'of the people, by the people, for the people,' - not institutional investors.
Deflationary by design
We have a clear, published Burn Policy with the BITE token meaning that over time, the total circulating tokens reduces - potentially, increasing the value of each remaining token.
At launch, we have minted 1 trillion tokens..
1000,000,000,000 and our token contract prevents any further minting.
Utility
We have an exciting road-map outlining our ambitious plans to create the world's leading crowdfunding platform to help entrepreneurs to achieve their project goals and dreams whilst making investing open to anyone.
RISK WARNING: Cryptocurrency is not currently regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales. Check with a professional adviser before investing. YOU MAY LOSE ALL THE MONEY YOU INVEST!.
Neither Coinbite Limited nor this website intends, and nor does it, provide investment, financial, legal, or regulatory advice at any time. Nothing on this website should be construed as a recommendation by
Coinbite Limited, its affiliates, or any third party, to acquire or dispose of any investment, or to engage in any investment strategy or transaction in any jurisdiction in which such offer, solicitation or sale would be unlawful. It is the responsibility of the user to ascertain whether they are permitted to use the services of Coinbite® based on the legal requirements in their country of residence.
All financial investing involves a high degree of risk and Capital is ALWAYS AT RISK. Remember to always DO YOUR OWN RESEARCH before making any investment decisions.
All third party partners providing financial services through this or other Coinbite® websites are vetted to ensure registration with their relevant financial services authorities. They must operate in full compliance with European regulation on Anti Money Laundering (AMLD5) and adheres to the GDPR for the highest standards in data protection.
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