Bitminers turns token activity into Bitcoin accumulation. Creator fees are used to acquire Bitcoin and distribute it back to the $BIT community.
Every $BIT trade creates activity. Creator fees generated through the token are redirected into a simple Bitcoin accumulation loop.
Users buy and sell $BIT on Robinhood.
Trading activity generates creator fees.
Collected creator fees are periodically used to acquire Bitcoin.
Acquired Bitcoin is distributed to eligible $BIT holders according to published distribution rules.
Read the complete Bitminers protocol, mechanism and ecosystem documentation.
Bitcoin represents digital scarcity. Robinhood provides the rails for token activity. Bitminers connects the two through a simple fee-to-Bitcoin mechanism.
Bitcoin acquired through the project is intended for distribution back to eligible $BIT holders. Distribution criteria, snapshots, minimum thresholds and timing should be published transparently before each distribution.
Hold $BIT in an eligible Robinhood wallet.
Eligible wallets are identified according to the published distribution rules.
Qualifying holders receive their allocation when a distribution is executed.
> initializing bitminers
> network: robinhood
> token: $BIT
> creator_fee_engine: ONLINE
> bitcoin_accumulator: ONLINE
> holder_distribution: STANDBY
> searching for blocks...
Before institutions, ETFs and billion-dollar mining operations, Bitcoin belonged to internet explorers running strange software on ordinary computers.
Bitminers is a tribute to that era rebuilt for today's on-chain culture.