Introducing MassBit Community Economy
MassBit, with its ever-expanding community, would like to present to you the MassBit Community Economy, a unique reward system for project supporters. Through this mechanism, you will receive “🐳,” a token on the MassBit Discord channel, which the holder can use to convert to MassBit Token ($MBT) when we launch. Since “🐳” was released, all community activities and events will be centered around the MassBit community at Discord.
Distinguish between “🐳” and MassBit Token ($MBT)
MassBit Community Token, known as “🐳,” is a token we created and apply in the Discord platform. This token is for community members to get rewards before we launch the $MBT. Let’s take a look at the differences.
How to get “🐳”?
You can earn “🐳” in many ways. Here are some activities you can participate in to get 🐳:
- Get 🐳 from inviting others or being active on the Discord channel. See MassBit Referral Program
- Receive rewards in 🐳 from participating in Testnet
- Become our Angel — MassBit Ambassador Program,
And many more will be updated.
So, what is the value of 🐳?
We have not launched the MassBit Token yet, but the 🐳 holder can convert to MassBit token when we launch. The amount is based on the formula:
Amount $MBT = x🐳 X 0.005 X Conversion rate $MBT, USD
MassBit provides fully decentralized solutions for Defi and Web3 App project development. Currently with 3 products in the stage of development, MassBit enables DeFi and Web3 App development to be faster, stable, scalable, and more cost-effective.
The powerful ‘glue’ holding together and supporting all the products is the MassBit Verification Protocol, which is based on proof of stake. The protocol incentivizes those working within the system to verify each other’s work. The verification of other nodes, gateways, or indexers gives rewards or penalties for the mistakes to each individual or entity. From that, the protocol ensures the whole network’s health.