Bits (Social Coins)

Overview of Bits (Social Coins) and their significance within the Qrolli ecosystem.

Introduction to Bits (ShareCoins)

Welcome to the world of Social Tokens, represented by Bits within the Qrolli ecosystem. Social Tokens are digital assets that serve as a means of interaction, value exchange, and community engagement within our platform. With Bits, users can unlock a multitude of features and opportunities while actively participating in the vibrant Qrolli community.

Automatic Generation

Bits are automatically minted for every user upon the creation of their Qrolli ID.
This seamless process ensures that each user possesses their own personalized digital asset from the moment they join the platform.
Automatic generation fosters a sense of identity and belonging within the ecosystem.

Utility within the Ecosystem

Bits serve various purposes within the Qrolli ecosystem:

Exclusive Drops: Gain access to limited editions and early product releases.
Private Posts: Share content with select individuals or groups privately.
Private Chat Rooms: Initiate private conversations with other users.
Crypto Signals (Future): Receive curated market insights.
Advertising (Future): Leverage Bits for promotional activities.

Price Calculation

The price of Bits is determined by a dynamic algorithm that takes into account various factors, including market demand, supply dynamics, and transaction volume. To calculate the price of Bits:

Buy Price: $Buy Price=MATIC ContributionNew Supply−Old SupplyBuy Price=New Supply−Old SupplyMATIC Contribution$
Sell Price: $Sell Price=MATIC Reserve−MATIC PayoutOld Supply−New SupplySell Price=Old Supply−New SupplyMATIC Reserve−MATIC Payout$

Buy/Sell

Users can seamlessly buy and sell Bits tokens within the Qrolli platform, empowering them to participate in the digital asset economy with ease. Here's how:

Buy Bits

Users can purchase Bits tokens directly from user profiles or visit the Coins page for advanced trading functionalities and insights.
Each buy transaction incurs a 5% tax, with 4% allocated to the Bits creator and 1% to the Qrolli deployer for reward distribution and project growth.

Sell Bits

Sellers can liquidate their Bits tokens by initiating sell orders, which are executed based on the prevailing market conditions and liquidity availability.
Each sell transaction also carries a 5% tax, with the same distribution split between the Bits creator and the Qrolli deployer.

Explore the vibrant world of Social Tokens (Bits) within the Qrolli ecosystem and unleash new possibilities for community engagement, value creation, and digital asset ownership!

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Last updated 1 year ago

Introduction to Bits (ShareCoins)

Automatic Generation

Bits are automatically minted for every user upon the creation of their Qrolli ID.

This seamless process ensures that each user possesses their own personalized digital asset from the moment they join the platform.

Automatic generation fosters a sense of identity and belonging within the ecosystem.

Utility within the Ecosystem

Bits serve various purposes within the Qrolli ecosystem:

Exclusive Drops: Gain access to limited editions and early product releases.

Private Posts: Share content with select individuals or groups privately.

Private Chat Rooms: Initiate private conversations with other users.

Crypto Signals (Future): Receive curated market insights.

Advertising (Future): Leverage Bits for promotional activities.

Price Calculation

The price of Bits is determined by a dynamic algorithm that takes into account various factors, including market demand, supply dynamics, and transaction volume. To calculate the price of Bits:

Buy Price: $Buy Price=MATIC ContributionNew Supply−Old SupplyBuy Price=New Supply−Old SupplyMATIC Contribution$

Sell Price: $Sell Price=MATIC Reserve−MATIC PayoutOld Supply−New SupplySell Price=Old Supply−New SupplyMATIC Reserve−MATIC Payout$

Buy/Sell

Users can seamlessly buy and sell Bits tokens within the Qrolli platform, empowering them to participate in the digital asset economy with ease. Here's how:

Buy Bits

Users can purchase Bits tokens directly from user profiles or visit the Coins page for advanced trading functionalities and insights.

Each buy transaction incurs a 5% tax, with 4% allocated to the Bits creator and 1% to the Qrolli deployer for reward distribution and project growth.

Sell Bits

Sellers can liquidate their Bits tokens by initiating sell orders, which are executed based on the prevailing market conditions and liquidity availability.

Each sell transaction also carries a 5% tax, with the same distribution split between the Bits creator and the Qrolli deployer.

Explore the vibrant world of Social Tokens (Bits) within the Qrolli ecosystem and unleash new possibilities for community engagement, value creation, and digital asset ownership!