Token Distribution

$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.

As per the reduction schedule below, the amount of $BITx sent in exchange for other XRPL tokens reduces, a long-term strategy meant to reduce future volatility and reward early holders.

The BITx project team are temporary custodians of the $BITx supply not yet in general circulation.

Currently all exchange requests are vetted manually but we seek to switch from manual to automated vetting before the end of year 2027.

The BITx Token Exchange Offer is meant to allow participants to exchange 100% of their current holdings of another XRP Ledger token for $BITx, it is not meant to enable 'farming' of $BITx.

Before participating in the $BITx token exchange offer please read and fully understand the rules below. Any queries can be made via x.com

- Only tokens that wallet rGWDWrmk4GBgMbWkTUnpFKqK6W31S9xvqE has a trustline set for can be sent for exchange, $XRP & $BITx are excluded. If you would like to exchange an XRPL token that we don't have the trustline set for please DM us via x.com

- You can send more than one token, for example: Token1 & Token2

- You must send 100% of your balance of each token you wish to receive $BITx for in return

- Once you have exchanged a particular token for $BITx any future request to exchange the same token will be declined for the following 589 days

- Wallets sending tokens are currently vetted by a human, please be patient and allow up to 14 days to receive $BITx in return

- We may decline to send $BITx to wallets which appear to us as likely to be bad actors participating in ways this offer is not intended. We may but are not obliged to return tokens sent from such wallets.

- We may decline to exchange your token(s) for things such as:
Finding wallets linked by activation/transaction history still holding a balance of the token
Acquiring very small/dust amounts of a token not long before sending for exchange
Finding a history of selling/dumping $BITx received in exchange within 30 days of receiving it from us
Sending tokens from a wallet with a clear history of token farming-like behaviour
Persistently pestering or unjustly fudding $BITx on social media

- The above is not exhaustive and although we apply vetting uniformly to all requests we do not share the 'vetting tests', this is so we do not advertise any potential loop-holes to bad actors. We may update the above rules at any time should we feel the need arise.

Warning: 'Crypto' can be extremely volatile. Always do you own research
and be prepared for any digital asset to become worthless, regardless of any value
you may have exchanged for or placed upon them.

Thank you, BITx Team. LFG