BITX SECURING YOUR WEALTH TODAY FOR TOMORROW! BitX Finance | [email protected] BitX Whitepaper v2 | 1 ABOUT BITX BitX is the next big thing on the Elrond Blockchain our mission is to secure wealth for our holders and allow them to gain passive income well into the future. Our Team is dedicated to make BitX one of the biggest ESDT projects on the Elrond Blockchain by creating and empowering holders with utilities such as mining, farming, staking and swapping. Choosing the Elrond Blockchain was an easy decision due to it’s low fees, lightning fast transactions and scalability these were some of the reasons why our team chose Elrond. Apart from the network the community was the other deciding factor that we looked at with a strong growing presence we believe that the Elrond community will continue to grow as time goes on and will be even stronger in the future. The team at BitX believes that every person should have financial freedoms, our token was designed so that every person can easily acquire it and gain benefits from it there aren’t any special conditions we require from our holders we just require that they believe in the project and benefit from it as time goes on. BitX Whitepaper v2 | 2 INTRODUCTION BITX TOKEN BitX will be deployed with a token supply of only 35Million and only 31.150m in circulation meaning that it will be limited, this scarcity will in time impact price of the token giving it more value as it will be in limited numbers and in high demand. Securing wealth while gaining profits is our main goal, holding BitX will preserve wealth while at the same time giving options through our utilities by allowing holders to continue making profits through mining, staking and farming. MINE-STAKE-FARM All BitX holders will be able to use their tokens to digitally mine, stake and farm through our upcoming dapp. Farming tokens such as MEX and other ESDTs will be essential to our utility making BitX one of the greatest ESDT projects on the Elrond network. Holders will also be able to swap their rewards for the EGLD token at anytime cashing out on their profits when needed or simply re investing their rewards and gaining more profits by compounding their gains to further grow. BITSWAP BitSwap will allow tokens gained in the digital mines, farms and staking to be swapped with tokens such as MEX and other ESDT project tokens and even EGLD this will give our holders the ability to use BitX to expand their portfolios within the Elrond Blockchain. BitSwap will also feature atomic swapping which gives the abilities to swap our token with cross chain coins and tokens to other popular blockchains such as Binance, Etheruem etc. BitX Whitepaper v2 | 3 ROAD MAP 2022 Q2 Deploy BitX smart contract Set up social channels Whitepaper release Branding application for Elrond Network Website development Pre-Sale Contract development AMA events Pre-Sale 2022 Q3 Team KYC Development of dapp application Mining/Farming/Staking SC development Marketing campaign Reaching 5k BitX holders Deployment of all staking farming and mining utilities Further expanding the BitX Team 2022 Q4 Maiar Exchange listing BitSwap development Further website upgrades Global marketing BitSwap cross chain implementation Deployment of BitSwap BitX Whitepaper v2 | 4 BITX TOKENOMICS The tokenomics that we have are simple though effective, we have kept in mind future ventures as we look at BitX in the long-term view rather short term. Our Team only will hold 10% of total token supply with the highest token allocation given to liquidity and exchange listings that includes Maiar Dex and other central exchanges that we may apply for in the future. The treasury allocation would hold 11% of total token supply to be used in BitSwap this will allow holders to swap the mined digital ESDT tokens back into BitX for further compounding in our digital mines. We have also allocated 6% of tokens for research and development this will allow us to continue to develop our services, website, and other technologies in the future. A further 10% is allocated for rewards these rewards will be used for any staking contracts that we might develop in the feature and such an allocation was needed separately to cover future staking and farming contracts. Our private sale will be held with an allocation of 8% of total token supply, this will be sufficient for early investors that are onboard with our project and giving them a special limited supply of tokens that would be at a highly reduced cost from the public sale. BitX Whitepaper v2 | 5 BitX Finance Email: [email protected] Twitter: BitX (@bitxfinance) / Twitter Telegram: https://t.me/+v0m3JOEcIetkNzE1 BitX Whitepaper | 6
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