Bit.Store ($STORE) is a global social digital asset investment platform on BNB chain and Ethereum that aimed to make it possible for ordinary people to conveniently and securely access the crypto investment market. The platform further leverages social elements, provides access to education and news, and other investment tools to help ordinary investors make smarter investment decisions.
Through the original Investment DAO governance model, it breaks the global unequal investment influence pattern, connects investors around the world, allows different users to easily share trading information and trading strategies, and uses "group wisdom" to make better The decentralized decision-making of personal decision-making ability avoids losses caused by individual impulsive decision-making, encourages members to brainstorm in the way of SocialFi, and optimizes the final profit and loss statement of investors. Any user in the world can simply, transparently and safely participate in the digital currency investment market through Bit.Store, and build their own global social investment network.
Please note: Bit.Store is still in the public beta stage, and the content of the white paper may be updated at any time.
Through the original Investment DAO governance model, Bit.Store breaks the global unequal investment influence pattern, connects investors around the world, allows different users to easily share trading information and trading strategies, and uses "the wisdom of the crowd" to make better decentralized decision-making of personal decision-making ability avoids losses caused by individual impulsive decision-making, encourages members to brainstorm in the way of Social-Fi, and optimizes the final profit and loss statement of investors. Any user in the world can simply, transparently and safely participate in the digital currency investment market through Bit.Store, and build their own global social investment network.
About $STORE Token
To better embrace the web3.0 era, and enable more community members and users can benefit from Bit.Store's growth, while participating in Bit.Store. Bit.Store will issue the $STORE token as the native token.
What can you do with $STORE?
- Governance: In the early stages, $STORE will be used for governance voting. In Bit.After Store's full product and community will eventually become a DAO (decentralized autonomous organisation), and the $STORE governance token will enable holders to manage the entire system.
- Earn: $STORE will be used for the staking or farming of $STORE, for a variety of ecosystem benefits.
- Fee discounts: When users at Bit.Store trades in digital assets, you can use $STORE for a handling fee deduction.
- Support: We support experts in sharing professional information, knowledge, or trading strategies. Many experts may impart knowledge or information through social network tools such as articles, live broadcasts, short videos, groups, and users can support long-term sharing by experts by rewarding the experts with $STORE tokens.
Deflationary Economic Model - Algorithmic Reduction of Circulating Supply
To enhance value $STORE has adopted a deflationary economic model. In fee discount scenarios, 50% of the STORE used to pay fee discounts will be burnt. In addition, Bit.Store will use 20% of its revenue to buy $STORE on the market and burn it.