- We are happy to introduce to you our Txbit Token (TXBIT)
We are happy to introduce to you our Txbit Token (TXBIT), the native token of Txbit Exchange based on the Binance Smart Chain. Txbit Token will facilitate endless options for the future! After launch, the token will replace Solaris in the Community Coin Vote.
The total supply of Txbit Token is limited to 2,000,000,000 tokens, with an excellent burning schedule. In this article, we provide you with all the information you need.
Burn Baby Burn
Over the course of 5 years, we will burn 50% of the initial supply. Every quarter we will burn 3% of the initial supply until we have burned a total of 50% (1,000,000,000 TXBIT).
Effectively 50,000,000 Txbit Tokens every quarter = 200,000,000 TXBIT each year.
After first year = supply 1,800,000,000 TXBIT
After second year = supply 1,600,000,000 TXBIT
After third year = supply 1,400,000,000 TXBIT
After fourth year = supply 1,200,000,000 TXBIT
After fifth year = supply 1,000,000,000 TXBIT
After the fifth year, the Txbit Burn program will automatically end.
Community Coin Voting
We are going to make some changes to the Community Coin Voting feature. At first, Txbit Token will replace Solaris (XLR) in the Community Coin Voting as a token for voting. Instead of using Solaris to vote on your favorite project, you will need Txbit Token to vote.
Currently, you need 2000 Solaris to get the required 2000 votes. In the future version of the Community Coin Vote, this number will be increased. After launching the Txbit Token, we will publish more information regarding this change.
At the same time Solaris swaps to FinaToken, the current holders of Solaris will get a swap bonus for free: Txbit Token! The swap ratio for Txbit Token will be 1:10. For example:
1,000 XLR → 10,000 TXBIT
10,000 XLR → 100,000 TXBIT
100,000 XLR → 1,000,000 TXBIT
Closely watch our social media channels for more updates about the release of Txbit Token. We will soon announce the release date.