# BitMoney

> BitMoney (BIT) is a lending and funding, multicurrency and multifunctional online platform primarily based on blockchain...

- Canonical URL: https://iq.wiki/wiki/bitmoney
- Categories: Cryptoassets
- Tags: Token
- Created: 2022-08-12T21:35:33.579Z
- Last updated: 2022-08-12T21:40:28.356Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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BitMoney (BIT) is a lending and funding, multicurrency and multifunctional online platform primarily based on [blockchain](https://iq.wiki/wiki/blockchain) generation. There investors and debtors meet every difference and feature the possibility to lend cash on jointly beneficial[\[1\]](#cite-id-q8o182u92ml)[\[2\]](#cite-id-t089cyybhgf).  
  
# Features  
  
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* Masternodes - Masternodes provide backbone services for the BitMoney network. By providing security, reliability, and performance the masternodes are rewarded with a portion of each mined block. It is a dedicated node holding collateral to add an extra layer of stability & functionality to the network[\[9\]](#cite-id-pi5dfch0rt).  
* Lightening fast transactions - Quick transactions with very fast confirmations. Payments are received instantly by the other party.  
* Proof of stake - High incentives for contributing to the network security, for both Masternode deployment & wallet staking.  
* Energy efficient - BitMoney uses a [Proof-of-stake](https://iq.wiki/wiki/proof-of-stake) mechanism which only consumes a fraction of the energy used to mine using Proof-of-Work.  
* Highly secure - Ultra Fast, Secure & Scaleable. All coins are stored in cryptographically secured wallets.  
* Instantaneous - BitMoney provides separating transaction signatures to ensure higher security and transaction speed[\[3\]](#cite-id-4hyl85glm6o).  
  
# Tokenomics  
  
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BIT is the native token of BitMoney. Users are able to generate BIT through the process of mining. BitMoney has a current supply of 87,904,512.722 with 82,497,697.956 in circulation[\[4\]](#cite-id-5q6kwt6vzr)[\[5\]](#cite-id-ajt963uiq7u).  
  
# Social Media  
  
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BitMoney has active accounts on Twitter[\[6\]](#cite-id-p8xul427v3), Discord[\[7\]](#cite-id-w4p4efbbhj), and Telegram[\[8\]](#cite-id-judq02yerhg).