> For the complete documentation index, see [llms.txt](https://docs.bitrewards.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bitrewards.io/token/tokenomics.md).

# Tokenomics

#### ***The BitRewards Contract is written to be as Decentralized as possible.***

**The** **BR CA** automates as many of the writable dev methods as possible, while leaving as few writable methods to all. 

**The BitRewards Contract will be Renounced after the initial Launch Phase.**\
\
**The** **BitRewards Community** is asked to propose **Governance Votes**, pertaining to how the **BitRewards** **Contract** should be interacted with. \
From the Post-Launch Phase and onwards, the **BitRewards Community** decide when the **BR CA** is to be **Renounced**.

**The** **BitRewards Community** can vote for, against or abstain over if Trading Fees and **Rewards** structures should be edited.\
**We** can choose if these should be short or longterm changes, the Trading Fees can be played with, however the **BitRewards Community** wants, until the day of Renounce.

The official trading pair is **BR/WBTC** on **ERC-20**, and hopefully **BRC-20** too one day.

#### *BitRewards let's its Holders earn passive Bitcoin rewards:*

The initially proposed Fees & Rewards are **7.77%**:

**5.55%** Wrapped **BTC Rewards**

**2.22% BITCOIN Rewards**

## **Initial Liquidity**

**BR/WBTC LP Pair**

* *600,000 **$BR** + 0.6 Wrapped **$BTC***
* **Initial Liquidity** is **Burnt** 

## Token Fees Breakdown

**Final** Buy/Sell **Tax** 

*  7.77%  

**Wrapped BTC Rewards**

* 5.55% 

**BITCOIN Rewards**

* 2.22% 

## Rewards Distribution

***Distribution of Rewards is dependant on Volume & Community Engagement.***\
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The more **Volume**, the more **WBTC** & **BITCOIN** is distributed to the **BitRewards Holders**.\
Rewards are autonomously generated and distributed, thanks to all **Traders** of **BitRewards**.\
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The **Automated Rewards System** ensures that **Holders** of **$BR** are continuously Rewarded **$WBTC** & **$BITCOIN** through ups and downs.\
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**Distribution** of Wrapped **BTC** and **HarryPotterObamaSonic10Inu** to **BitRewards Holders** ensures **Stability,** while **Rewarding** it's most **Dedicated Community Members.**

## Safety and Ownership

* **Fair Token Fees**\
  \&#xNAN;***Token Fees are Automated, the $BR Contract decreases the Trading Fees by itself.*** \
  \
  The Total Trading Fees can never be written higher than 25% after trading has been enabled. \
  There are no Transfer Fees.\
  \
  During the Initial Launch Phase, a fair amount goes into Liquidity & Marketing. \
  The Swap Fees lower gradually, by themselves until they hit 7.77%.\
  This symbolizes the end of the Launch Phase.\
  \
  During & after the Launch Phase, Reward and Token Fees can be changed accordingly to the results from a **BitRewards Governance Vote**. \
  \
  At the initiation of the Post-Launch Phase, All Trading Fees are swapped for Wrapped **BTC** and **BITCOIN** Rewards. \
  **The BitRewards Contract distributes these Rewards passively to all BitRewards Holders.**<br>
* **Decentralized Distribution Limits**\
  **Max&#x20;*****Wallet Limits increase from 1% at Launch, to Completely Removed by the first 3 hours of trading.***\
  \
  This ensures a fairer token distribution, which helps with the Sustainability of the **BitRewards Token**. \
  \
  There is no writable method to increase or decrease the Max Wallet Limits. \
  **The Max Wallet Limits are only lifted by the BitRewards Contract.**<br>
* **Safe & Decentralized Liquidity Pair**\
  \&#xNAN;*The **Initial BR/WBTC Liquidity** is **Burnt.***\
  \
  The LP Burn ensures that there are no centralized actors in charge of the majority of the **$BR Liquidity**.\
  Due to the burn of the initial liquidity, the ownership is passed on to the **BitRewards Community**.<br>
* **Community Ownership**\
  \&#xNAN;***The BitRewards Contract Ownership will be Renounced.***\
  \
  The ownership is with the Deployer until the Initial Launch Phase ends. \
  This is in the **BitRewards Community's favor**, as there are very few, safely nerfed methods that can only be written by the contract owner.\
  The only writable methods are written to ensure the Stability of **BitRewards** during it's Initial Launch Phase. \
  \
  **The BitRewards Community** are free to vote for or against calling these methods.\
  They can for instance vote for a favorable change in writable methods that surround the nature of the Rewards and Trading Fees.\
  \
  \&#xNAN;*Upon completion of the Launch Phase, the Contract Ownership is Renounced.*\
  Thus, the **True Owners** of **BitRewards** is the **BitRewards Community.**