Bitcone

About Bitcone

What is BitCone ($CONE)?

BitCone (CONE) is a Decentralized Community Utility Token made by Cones, for Cones. 608 Billion tokens were created on the Polygon Network (with no mint function) to parallel the 608 Cone Head - Reddit Collectible Avatar NFT, that inspired a meme Conemunity.

BitCone is governed democratically, so every decision is voted on via Conemunity Polls.

BitCones can be earned through Airdrops and "BitCone Mining", a revolutionary automated content monetization platform, that incentivizes user engagement on partnered Subreddits.

Read the Cone Lore for more information!

[Cone Lore] The History of r/ConeHeads & BitCone (CONE) Tokenomics

Bitcone has been audited by 0xMacro - see the official audit report dated July 6th, 2023 here: https://0xmacro.com/library/audits/bitcone-1

FAQ

What can Bitcone be used for?

Post 2 Earn - BitCone Mining, rewarding engagement with CONE Tokens
Tipping on Reddit.com/r/ConeHeads and other Subreddits
Trading Reddit NFT Avatars on the AvatarMate.xyz Avatar Marketplace
Earning Liquidity Rewards
Minting NFT with CONE Tokens
Bidding on Auctions with CONE Tokens

With more utilities in development.

How many CONE tokens are there in circulation?

CONE was deployed on the Polygon Network on September 20th 2022, with 608 billion CONE tokens, created to parallel the 608 Cone Head - Reddit Collectible Avatar NFT that inspired it.

There is no mint function in the CONE Smart Contract, so there can never be more than 608 billion BitCone.

How were CONE tokens distributed?

All BitCones have been distributed for free, with no ICO, Presale, or Token Fundraising. Initially, owners of the Cone Head Reddit Collectible Avatar NFT could claim 1 billion BitCone Tokens for each Cone Head NFT owned.

Following the final claim deadline, 486/608 Cone Heads had claimed their distribution. Leaving 122 billion CONE left, to be governed by the Conemunity via Polls.

It was determined via these Polls that the remaining CONE Tokens were to be distributed in the following manner:

What were the remaining CONE token distribution?

18.3 billion CONE to the Glowstickman (GlowCone) Avatar Owners
36.6 billion CONE to all Gen 1 Reddit Collectible Avatar Owners via Airdrop
12.2 billion CONE to all Gen 2 Reddit Collectible Avatar Owners via Airdrop
6.1 billion CONE to the Bucket Head (Gen 3) Avatar Owners
36.6 billon CONE for Staking Rewards
12.2 billion CONE to the Conemunity Treasury Fund, held in a 7-Key Multi-Sig Wallet

Who are the founders of Bitcone ($CONE)?

BitCone was created by cones for cones.

The Token was initially deployed by Reddit user u/ecobuddies, but has since evolved into a Democratic Community Project, developed by Conemunity Volunteers from around the world, and the dedicated Moderation Team of r/ConeHeads.