BITBAMA ON-CHAIN MIGRATION & Tokenomics

Bitbama.io
3 min readMar 24, 2024

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Dear Bitbama Community,

We’re thrilled to extend our heartfelt gratitude to our early supporters who have been instrumental in shaping the journey of bitbama.io. Your unwavering support has been the cornerstone of our progress, and as we embark on this exhilarating journey, we’re excited to share some major updates with you.

  1. Token Launch on Arbitrum Network

Mark your calendars for April 15th 2024 as we gear up for the highly anticipated launch of our token on the Arbitrum network. This marks a significant milestone for our project, opening up new avenues for seamless transactions and enhanced scalability.

2. Updated Tokenomics

We’re proud to announce that our Tokenomics table has undergone a revamp. With a total token supply of 500 million, we anticipate an estimated circulating supply of less than 30 million at launch (6% of Total/Max Supply. These adjustments are aimed at ensuring a robust and sustainable ecosystem for our community.

3. Presale Now Live on Gempad

For those eager to dive into early on-chain Bama trading, our presale is now live on Gempad. Seize this opportunity to become a part of our journey and secure your place in the future of decentralized finance. Link to Gempad for participation https://gempad.app/presale/0x2c3f6E1839061D52E45aa0207F38b51051f2E3cf?network=Arbitrum_One

4. Emotionless A.I. Integration

Get ready to experience the future of cryptocurrency assistance with our upcoming Emotionless A.I., set to debut next month on our mobile app. Say goodbye to biased answers and embrace a seamless experience as our A.I. guides you through every cryptocurrency-related query.

5. Token Migration and Staking

In line with our commitment to empowering our community, we’re introducing a token migration feature. You’ll now have the flexibility to migrate 12.5% of your Bama enclosed balance to on-chain every 7 days. What’s more, 12.5% of your migrated tokens will be automatically staked, allowing you to enhance your participation in the ecosystem and enjoy some staking reward. We also introduce some tasks to make you eligible for the migration process, this will help us further filter spam accounts and bot.
Excitingly, the migration and staking process will not require wallet connection and gas fee.

6. Share2Earn
We recently introduced our share to earn Bama model, this will help build a library of cryptocurrency contents on X application. This activity is important and will be considered for on-chain migration.

How it works
The reward is calculated based on number of verified bitbama referral, also, reward are added to individual balance after one hour of shared verification.
You can keep sharing to accumulate more Bama after every 1hour of previous share. If you are having issue accessing the Share2Earn it is most likely you are still using the version downloaded from our website. You can uninstall it and install the updated version on google playstore.

7. iOS App Update

We’ve received numerous messages from our iOS users eagerly anticipating the release of our iOS app. Our team is actively working to push it out, but the review process is taking longer than expected. Rest assured, once the review is complete, iOS users will have access to all the features already available to Android users. We deeply value our iOS users and are committed to launching the app with you all onboard.

As we move forward, innovation remains at the heart of everything we do at Bitbama. We’re dedicated to creating a platform that not only meets but exceeds the expectations of our community. Your continued support drives us to push boundaries and redefine the future of decentralized finance.

Join us on this remarkable journey as we pave the way for a brighter, more inclusive financial landscape.

Warm regards,
Bitbama Support Team.

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