Tokenomics

Bit Lounge will utilize Bit Token on the Binance Smart Chain (BSC), as the next generation of the reflection token: a Binance Pegged BUSD reflection token to optimize users’ profits both now and in the future just by holding the token. Bit Token has a total supply of 1,000,000,000,000,000 BT. Out of the total BT tokens, 45% will be transferred to pre-sale and initial liquidity. Further, 50% of tokens are sent to the burn address, 3% to the founders and the team, and finally, 2% of the total initial tokens are for bounties and shilling competition prizes.

Transaction Fees

An initial rate of 5% of every buy/sell is redistributed to all holders in Binance Pegged BUSD, which is auto paid every 60 Minutes, 5% of every transaction is transferred into Liquidity Pool for Pancakeswap to create a stable price floor, and 5% goes to marketing wallet for operational cost and heavy marketing push. All these tax rates are temporary and subject to change until smart contract ownership is renounced and the best tax rates for growth are determined.