Log in/ Sign up

About BIT

Bitmon is a P2E game, where you can play, breed, trade and fight with NFT monsters.Bitmon was conceived from the vision that anyone can create a video game based on it since CC0 rights of the Bitmons will be given so that any person, creator, artist, or developer can make a product from the art and mechanics of the video game. People will be able to request funding from the DAO, which will be controlled by the bitmon trainers, to make art derivations from it, examples can be an anime, web series, manga, videogame, trading card game, or anything bitmon related.

Bitmon (BIT) is a cryptocurrency launched in 2022. BIT has a current supply of 182.06M with 0 in circulation. The last known price of BIT is 0.000002106892 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://bitmon.io/.

Official Website

Social Media

BIT Price Statistics
BIT’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3637
BIT Market Cap
Market Cap
$0
Fully Diluted Market Cap
$383.58
BIT Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
BIT Supply
Circulating Supply
0
Total Supply
182.06M
Max Supply
0
Updated Sep 02, 2023 2:30 am
image
BIT
Bitmon
$0.000002106892
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Understanding Control in the Crypto Sector: A Legal Perspective
Understanding Control in the Crypto Sector: A Legal Perspective
According to Foresight News, founders in the crypto sector often view 'control' as a risky area, yet there is confusion about how to logically assess these risks. Daniel Barabander, Deputy General Counsel at Variant Fund, suggests that control should be understood as a spectrum, ranging from strong to weak control. To determine one's position on this spectrum, two key questions must be addressed: who exercises control and what is the scope of this control? The degree of decentralization is crucial in determining who exercises control. The spectrum ranges from single entity control to decentralized autonomous organization (DAO) control, ultimately leading to complete immutability. The scope of control involves the boundaries of authority, ranging from full upgrade rights to complete immutability. Once these dimensions are clarified, they can be applied to the relevant legal framework. Control analysis is applicable across various legal fields, with the core logic of legal accountability revolving around 'who has control over what.' For instance, in the context of money transmission laws, unilateral control over user funds is a necessary condition for determining if an entity is a money transmitter. However, this view is contested, as seen in the Tornado Cash case. Two scenarios illustrate this: in Scenario A, a single administrator holds keys but can only pause the protocol in emergencies; in Scenario B, a truly decentralized DAO has full upgrade control. Neither scenario constitutes unilateral control, suggesting that these projects may not be considered money transmitters legally. This control analysis extends to other legal areas, such as securities law, where the Howey Test's 'efforts of others' criterion essentially assesses the presence of a controlling manager. The technical control hierarchy of a protocol is a critical factor in this assessment. Determining one's position on the control spectrum requires careful consideration of the specific legal system and consultation with legal advisors. From a broader perspective, control offers commercial convenience but comes with associated risks. The key is to balance cost-benefit analysis and clarify the core purpose of retaining control. For example, if the primary goal of retaining control is to address emergencies, the legal liability of maintaining only a pause function is significantly lower than full upgrade rights. It is essential to accurately identify indispensable control needs in the business and match them with the appropriate level of control.
Jul 09, 2025 8:23 am

Frequently Asked Questions

  • What is the all-time high price of Bitmon (BIT)?

    The all-time high of BIT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Bitmon (BIT) is 0. The current price of BIT is down 0% from its all-time high.

    Read More
  • How much Bitmon (BIT) is there in circulation?

    As of , there is currently 0 BIT in circulation. BIT has a maximum supply of 0.

    Read More
  • What is the market cap of Bitmon (BIT)?

    The current market cap of BIT is 0. It is calculated by multiplying the current supply of BIT by its real-time market price of 0.000002106892.

    Read More
  • What is the all-time low price of Bitmon (BIT)?

    The all-time low of BIT was 0 , from which the coin is now up 0%. The all-time low price of Bitmon (BIT) is 0. The current price of BIT is up 0% from its all-time low.

    Read More
  • Is Bitmon (BIT) a good investment?

    Bitmon (BIT) has a market capitalization of $0 and is ranked #3637 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Bitmon (BIT) price trends and patterns to find the best time to purchase BIT.

    Read More