100% of BITx is being distributed to the community.
The BITx project team are temporary custodians of the $BITx supply not yet in general circulation.
$BITx enter general circulation when people participate in the BITx XRPL token exchange offer.
The BITx XRPL token exchange offer can be thought of as the BITx version of Bitcoin mining.
Over time the amount of $BITx sent in exchange for other XRPL tokens reduces as per theBITx XRPL Token Exchange Reduction Schedule.
You can view the rate at which $BITx has been entering general circulation bychecking the BITx Rate.
It is impossible to issue any more $BITx as the issuing wallet has been 'blackholed'. It is possible topermanently destroy $BITx by sending it to the issuing walletaddress, but why would you?
Existing XRPL token projects can list with BITx. (no gatekeeping, listings are not endorsements)
The XRP Ledger is open for business, no need for centralised exchanges or wallets. Simply self-custoday your digital assets and trade them as you like.