BitCone (CONE) is a Decentralized Community Utility Token made by Cones, for Cones. 608 Billion tokens were created on the Polygon Network (with no mint function) to parallel the 608 Cone Head - Reddit Collectible Avatar NFT, that inspired a meme Conemunity.
BitCone is governed democratically, so every decision is voted on via Conemunity Polls.
BitCones can be earned through Airdrops and "BitCone Mining", a revolutionary automated content monetization platform, that incentivizes user engagement on partnered Subreddits.
Read the Cone Lore for more information!
[Cone Lore] The History of r/ConeHeads & BitCone (CONE) Tokenomics
With more utilities in development.
CONE was deployed on the Polygon Network on September 20th 2022, with 608 billion CONE tokens, created to parallel the 608 Cone Head - Reddit Collectible Avatar NFT that inspired it.
There is no mint function in the CONE Smart Contract, so there can never be more than 608 billion BitCone.
All BitCones have been distributed for free, with no ICO, Presale, or Token Fundraising. Initially, owners of the Cone Head Reddit Collectible Avatar NFT could claim 1 billion BitCone Tokens for each Cone Head NFT owned.
Following the final claim deadline, 486/608 Cone Heads had claimed their distribution. Leaving 122 billion CONE left, to be governed by the Conemunity via Polls.
It was determined via these Polls that the remaining CONE Tokens were to be distributed in the following manner:
BitCone was created by cones for cones.
The Token was initially deployed by Reddit user u/ecobuddies, but has since evolved into a Democratic Community Project, developed by Conemunity Volunteers from around the world, and the dedicated Moderation Team of r/ConeHeads.
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