Bitcone ($CONE)

• Post 2 Earn - BitCone Mining, rewarding engagement with CONE Tokens
• Tipping on Reddit.com/r/ConeHeads and other Subreddits
• Trading Reddit NFT Avatars on the AvatarMate.xyz Avatar Marketplace
• Earning Liquidity Rewards
• Minting NFT with CONE Tokens
• Bidding on Auctions with CONE Tokens

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:

• 18.3 billion CONE to the Glowstickman (GlowCone) Avatar Owners
• 36.6 billion CONE to all Gen 1 Reddit Collectible Avatar Owners via Airdrop
• 12.2 billion CONE to all Gen 2 Reddit Collectible Avatar Owners via Airdrop
• 6.1 billion CONE to the Bucket Head (Gen 3) Avatar Owners
• 36.6 billon CONE for Staking Rewards
• 12.2 billion CONE to the Conemunity Treasury Fund, held in a 7-Key Multi-Sig Wallet

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.