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BitCone Stock

BitCone

CONE

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BitCone Whitepaper

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BitCone FAQ

### What is BitCone (CONE)?

BitCone (CONE) is a decentralized community utility token developed by the Cones for the Cones. A total of 608 billion tokens were created on the Polygon Network, with no mint function, to align with the 608 Cone Head—Reddit Collectible Avatar NFT, which inspired a meme-based community known as the Conemunity. BitCone operates under democratic governance, whereby all significant decisions are determined through Conemunity Polls. BitCone can be acquired through airdrops and a unique system called "BitCone Mining." This innovative, automated content monetization platform encourages user engagement on partnered subreddits.

What is the Circulating Supply of CONE Tokens?

CONE was launched on the Polygon Network on September 20, 2022, with a total supply of 608 billion CONE tokens. This creation was inspired by the 608 Cone Head - Reddit Collectible Avatar NFT. The CONE Smart Contract does not include a mint function, ensuring that the total supply of BitCone will never exceed 608 billion.

CONE Token Distribution

All BitCone tokens have been distributed without any ICO, presale, or token fundraising initiatives. Initially, holders of the Cone Head Reddit Collectible Avatar NFT were eligible to claim 1 billion BitCone tokens for each Cone Head NFT they possessed. After the final claim deadline, 486 out of 608 Cone Head owners had claimed their distribution, leaving 122 billion CONE tokens. These remaining tokens are to be governed by the Conemunity through polls. According to the results of these polls, the distribution strategy for the remaining CONE tokens is outlined as follows:

Who are the Founders of BitCone (CONE)?

BitCone was established by cones for cones. The token was initially launched by the Reddit user u/ecobuddies, but it has since developed into a democratic community project. This evolution is driven by dedicated volunteers from the global Conemunity and the committed moderation team of r/ConeHeads. For more information, visit Eulerpool.

Where can I purchase BitCone (CONE)?

CONE is increasingly accessible for trading across a variety of exchanges, with the predominant liquidity found on the decentralized exchange Quickswap.exchange. Trading options include both cryptocurrency and stablecoin pairs. All related data and analytics can be found on Eulerpool.

BitCone serves the following purposes:

* Post to Earn - BitCone Mining, provides rewards in CONE Tokens for engagement * Tipping available on Reddit's /r/ConeHeads and other Subreddits * Trading Reddit NFT Avatars on the AvatarMate.xyz Avatar Marketplace * Earning liquidity rewards * Minting NFTs with CONE Tokens * Bidding on auctions using CONE Tokens Further utilities are currently in development.

Distribution of Remaining CONE Tokens

* 18.3 billion CONE allocated to Glowstickman (GlowCone) Avatar Owners * 36.6 billion CONE distributed to all Gen 1 Reddit Collectible Avatar Owners through Airdrop * 12.2 billion CONE distributed to all Gen 2 Reddit Collectible Avatar Owners through Airdrop * 6.1 billion CONE allocated to Bucket Head (Gen 3) Avatar Owners * 36.6 billion CONE reserved for Staking Rewards * 12.2 billion CONE deposited in the Conemunity Treasury Fund, secured in a 7-Key Multi-Sig Wallet

Where Can I Find More Information About BitCone

For those interested in exploring the history of BitCone and Cone Head, we recommend reviewing our Cone Lore. This documentation serves as a comprehensive record and index of all the events that have shaped the journey of BitCone (CONE). Additionally, numerous valuable resources can be found on our subreddit, r/ConeHeads, and on our official website, BitCone.lol

Investors interested in BitCone are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.