WBITS (World Bits) will be an ERC-20 token built on the Ethereum blockchain. It is the primary utility token that drives the whole economy of the Worlds Beyond platform. We plan to funnel all activities that require costs & payments through the WBITS tokens.
Players will be able to use WBITS tokens to access exclusive experiences, items, perks, content and more within the Worlds Beyond ecosystem. A portion of the WBITS total token supply will be awarded to early adopters and investors. Once our platform is launched, every participant in the ecosystem can acquire these tokens on decentralized exchanges, centralized exchanges or via our internal system. In our internal payment system, we aim to reduce the acquisition friction of WBITS tokens as well as other digital assets by allowing users to purchase via crypto payments, or linking of bank accounts and credit cards. When participants choose fiat currency as mode of payment, there will be a small additional cost, which is used for the automatic acquisition of WBITS token by our internal system from decentralized and centralized exchanges. This step serves the purpose of maintaining positive buying pressure of our WBITS token on these exchanges.