Bit Hotel explains: What’s the Difference Between Bit Hotel Main Token ($BTH) & the In-Game $BHOTEL Token?

What is our token utility and why should you care?

In the Bit Hotel metaverse, we will be using a two-token system. $BTH will be used for staking and on-platform trading. The in-game token, $BHOTEL, can be earned by playing and will be redeemable for NFTs as well as grant you access to events and other in-game activities. We will also be holding monthly NFT drops. These will be held on an array of platforms, including the Bit Hotel Marketplace. You will need $BUSD/$BTH to purchase our tradeable and playable NFT assets.

We will have a total supply of 1.000.000.000 $BTH, with an initial market cap of 357K.

Why we choose for a two-token model

In order to accommodate an exponential rise of players in our metaverse the in-game token will need to be inflationary, with no fixed supply. This way, more players will be able to earn tokens, similar to Axie Infinity’s SLP token. So we have a two-token model, $BTH will be listed on a DEX and will be used to purchase and trade NFTs, staking, and will be the token reflecting the value of Bit Hotel as a whole. While in-game we use $BHOTEL to reward players for competing.

About fees & rewards

There are numerous ways in the Bit Hotel Metaverse to earn rewards. In terms of fees, there will be no hidden fees as our token economy will be fully transparent. In order to keep bringing the community new content and provide new ways to earn we do have a 0.5% fee on marketplace transactions. Don’t worry, this comes right back to you as 20% of that fee will be burned.

Join more than 40,000 (!) other Hotel Guests who have joined our community:

• Get your first Bit Hotel character on our live sale page: bithotel.io/#/buy-nfts
• Join our Discord channel to find out more about what we are up to!
• Follow our Twitter for spicy leaks and memes!
• Get updated on new community contests on our Telegram!

We are excited to share this journey with you!