Article Summary, Automatically Generated By AI
Summary of BitCone (CONE)
Key Points
- 608 billion CONE tokens created on the Polygon Network
- No mint function, so the total supply is capped
- Decentralized Community Utility Token governed democratically via Conemunity Polls
- BitCones can be earned through Airdrops and “BitCone Mining”
Token Distribution
- Initially, 1 billion CONE tokens per Cone Head NFT owner
- 486/608 Cone Heads claimed their distribution, leaving 122 billion CONE
- Remaining CONE tokens distributed via Conemunity Polls
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About BitCone
Introducing BitCone, a pioneering cryptocurrency exchange platform designed to provide a seamless and secure trading experience for users worldwide.
Introducing BitCone (CONE): A Revolutionary Cryptocurrency
BitCone (CONE) is a decentralized community utility token, crafted by Cones, for the benefit of Cones. A total of 608 billion tokens were minted on the Polygon Network, deliberately omitting the mint function, to mirror the 608 Cone Head – Reddit Collectible Avatar NFT, which inadvertently spawned a thriving Conemunity, fueled by a popular meme.
BitCone operates under a democratic framework, where every decision is ratified through a voting process facilitated by Community Polls.
Earn BitCones through Airdrops and “BitCone Mining”, a pioneering automated content monetization platform that rewards user engagement on partnered Subreddits, fostering a vibrant community.
The Circulating Supply of CONE Tokens: A Closer Look
CONE was successfully deployed on the Polygon Network on September 20th, 2022, boasting an initial supply of 608 billion CONE tokens, deliberately created to mirror the 608 Cone Head – Reddit Collectible Avatar NFT that served as its inspiration.
Notably, the CONE Smart Contract is devoid of a mint function, which ensures that the total supply of BitCone is capped at 608 billion, thereby preventing any potential for inflation.
The Distribution of CONE Tokens: A Breakdown
All BitCones have been gratuitously distributed, devoid of any initial coin offering (ICO), presale, or token fundraising endeavors. Initially, proprietors of the esteemed Cone Head Reddit Collectible Avatar NFT were entitled to claim a staggering 1 billion BitCone Tokens for each Cone Head NFT in their possession.
Subsequent to the final claim deadline, a total of 486 out of 608 Cone Heads successfully claimed their distribution, thereby leaving 122 billion CONE remaining, which will be governed by the Conemunity through a polling system.
Through these polls, it was ascertained that the remaining CONE Tokens would be allocated in the following manner:
The Visionaries Behind BitCone (CONE): Meet the Founders
BitCone was conceived by cones, for cones. The token was initially launched by Reddit user u/ecobuddies, but has since blossomed into a democratic community-driven project, nurtured by a diverse group of volunteers from around the world, and guided by the dedicated Moderation Team of r/ConeHeads.
Acquiring BitCone (CONE): A Comprehensive Guide to Purchasing Options
CONE is now accessible for trading on an increasingly diverse range of exchanges, with the majority of liquidity concentrated on the decentralized exchange (DEX) Quickswap.exchange, where it is paired with various cryptocurrencies and stablecoins.
Unlock the Potential of BitCone: A Multifaceted Cryptocurrency Solution
- Unlock Post 2 Earn – Experience the innovative BitCone Mining, where engagement is rewarded with coveted CONE Tokens
- Share your thoughts and receive tips on Reddit.com/r/ConeHeads and other Subreddits
- Discover the thrill of trading Reddit NFT Avatars on the esteemed AvatarMate.xyz Avatar Marketplace
- Reap the benefits of Earning Liquidity Rewards
- Unleash your creativity by Minting unique NFTs with CONE Tokens
- Participate in exhilarating Auctions, where CONE Tokens are the coveted bidding currency
With a plethora of innovative utilities in the pipeline, the future of our ecosystem looks brighter than ever.
The Remaining Allocation of CONE Tokens
- 18.3 billion CONE allocated to esteemed Glowstickman (GlowCone) Avatar Owners
- 36.6 billion CONE distributed to pioneering Gen 1 Reddit Collectible Avatar Owners via airdrop
- 12.2 billion CONE bestowed upon innovative Gen 2 Reddit Collectible Avatar Owners via airdrop
- 6.1 billion CONE granted to visionary Bucket Head (Gen 3) Avatar Owners
- 36.6 billion CONE reserved for Staking Rewards, fostering a robust ecosystem
- 12.2 billion CONE entrusted to the Conemunity Treasury Fund, securely held in a 7-Key Multi-Sig Wallet
Delving Deeper: Exploring BitCone Resources
For those intrigued by the rich history of BitCone and Cone Head, we invite you to delve into our meticulously curated Cone Lore, a comprehensive chronicle and index of the pivotal events that have shaped the trajectory of BitCone (CONE).
For a wealth of valuable resources, we invite you to explore our Subreddit community at r/ConeHeads, as well as our official website, conveniently located at BitCone.lol.