# What is $eBit?

$eBit is an ERC-20 Ethereum token that is at the forefront of the entire eBit.gg platform. This token allows users to have an edge in games across our casino, rewards community members, and also acts entry mechanism to eBit Sweepstakes, an exclusive yet highly rewarding gamemode only available to those who use their eBit tokens to enter the Sweepstakes.

$eBit is designed with a **fixed supply cap of 100,000,000 tokens**. Over time, this supply will gradually diminish, reflecting eBit's token burn mechanism. Detailed below is the distribution structure of $eBit tokens within it's ecosystem.

<figure><img src="/files/lKOz9WT0i8fDb2zEvZFq" alt=""><figcaption></figcaption></figure>

**Token Allocation**

| Allocation     | Percent | Amount           |
| -------------- | ------- | ---------------- |
| Mining         | 45%     | 45,000,000 $eBit |
| Airdrop        | 5%      | 5,000,000 $eBit  |
| Pre-Mining     | 5%      | 5,000,000 $eBit  |
| Bankroll       | 17%     | 17,000,000 $eBit |
| Team Treasury  | 11%     | 11,000,000 $eBit |
| Sale           | 14%     | 14,00,000 $eBit  |
| Liquidity Pool | 3%      | 3,000,000 $eBit  |

{% hint style="success" %}
These numbers are **close to final**. Slight adjustments may be made to optimize the eBit ecosystem before token launch. (These will be clearly communicated)
{% endhint %}

## **$eBit Token Allocation and Distribution Strategy**

1. **Mining (45,000,000 Tokens):** The cornerstone of the eBit ecosystem is the allocation of 45,000,000 tokens for $eBit mining. Players can mine these tokens through wagering activities on the platform. Detailed information on this process is available in a subsequent section.
2. **Airdrop (5,000,000 Tokens):** eBit has reserved 5,000,000 tokens for the $eBit airdrop, targeted at VIP players who have supported eBit in its early stages and key partners instrumental in eBit's transition into the web3 space.
3. **Pre-Mining (5,000,000 Tokens):** To reward early players, eBit has set aside 5,000,000 tokens for eBit pre-mining. This allocation serves as a special airdrop and a token of appreciation for their early involvement. Players may partake in this airdrop farm until TGE commences.
4. **Bankroll (17,000,000 Tokens):** A significant portion of 17,000,000 tokens is dedicated to the eBit bankroll. These tokens are primarily for organizing special events and future airdrops. Additionally, part of the tokens that become available in the bankroll are controlled by the eBit DAO.
5. **Team Treasury (11,000,000 Tokens):** Allocated for the core team, these 11,000,000 vested tokens are a testament to eBit's team's commitment and contribution. These tokens are well-vested and come with a 6 month cliff period. There's a 10% unlock upon TGE for additional marketing funds.
6. **Token sale (14,000,000 Tokens):** eBit's community sale involves 14,000,000 tokens, with 9,000,000 available in a public sale and 5,000,000 in a private seed round.\
   The public sale is divided in 2 sales, one is the pre-sale and one sale is public first come first serve.
7. **Liquidity Pool (3,000,000 Tokens):** 50% of which is immediately available upon launch, 1,500,000 tokens will be injected into the liquidity pool. The remaining tokens have a 10 month cliff and unlock at 12.5% per month after.

## Vesting & Token mechanism

<figure><img src="/files/Pue5e40F9vNZLJ3eyR0W" alt=""><figcaption><p>Tokenomics curated by MHL Solutions.</p></figcaption></figure>

eBit announces a pivotal step in its token sale process. The token smart contract, integral to this initiative, will be developed and audited by [@Web3Auditing](https://twitter.com/web3auditing), renowned for their expertise and stringent security standards. This partnership reinforces eBit's dedication to providing a secure, reliable platform for token sale participants. With @Web3Auditing's expertise, eBit ensures that its token smart contracts align with the highest safety and integrity standards, emphasizing the security and privacy of investors.

<figure><img src="/files/8yM8bLCyg6orD0oh198b" alt=""><figcaption></figcaption></figure>


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