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-150% Bonus$7,810,000
$4,514
2,500,000,000 WIT
Witnet WIT Witnet (WIT) Chart
Witnet (WIT) Return On Investment(ROI)
Witnet (WIT) Price Now
Witnet price today is $0.003124 with a 24-hour trading volume of $4,514. WIT price is up 18.11% in the last 24 hours. It has a max supply of 2.5Bil.
In order to search for real-time and historical information about Witnet (WIT) blockchain, including data related to blocks, transactions, addresses, and more, you may use Witnet (WIT) block explorers. Here are some of the most popular and useful Witnet (WIT) blockchain explorers out there:
What Is Witnet(WIT)?
Witnet is a decentralized oracle network (DON) that connects smart contracts to the outer world. Generally speaking, it allows any piece of software to retrieve the contents published at any web address at a certain point in time, with complete and verifiable proof of its integrity and without blindly trusting any third party.
It is a next-generation decentralized oracle that leverages state-of-the-art cryptographic and crypto-economic techniques to provide smart contracts with secure data inputs. In exchange for WIT tokens, Witnet's network of permissionless oracle nodes retrieves, attest, and delivers information to smart contracts in a tamper-resistant and decentralized way.
What Are the Features of Witnet(WIT)?
- Witnet-rust full archival node
- Sheikah wallet for desktop
- Ethereum Truffle Box
- witnet.network block explorer
- Witnet Data Feeds Explorer
What Is Witnet(WIT) Token?
The Witnet decentralized oracle runs on its own blockchain and relies on the token for incentivization of independently run nodes that resolve the data requests and agree on the results.
The WIT token is a utility token, native to the Witnet blockchain, encouraging fair and trustworthy behavior throughout the network. These tokens perform a number of important functions within the ecosystem:
- they incentivize node validators ("witnesses") through a reward system when resolving data requests and mining blocks;
- they are used as a payment system for data requests;
- they act as a form of collateral, ensuring node operators are not subject to bribery in high-value data requests.
Witnet(WIT) Distribution Model
Total supply: No more than 2,500,000,000 WITs will ever exist.
Mining and Block Rewards of Witnet(WIT)
70% (1,750m) of the total supply will be mined by block validators ("witnesses") through block rewards.
Witnet block time is 45 seconds; initially, this reward is set to 250 WIT per block, and is set to decrease geometrically, with a 50% reduction every 3,500,000 blocks (around every 5 years).
Until the first halvening in 2025, there will be 1920 blocks mined every day, with a daily token emission of 480k, a monthly emission of 14.6M, and a yearly emission of ~175M.
Genesis Block Mine
The remaining 30% of the total WIT supply (750M WIT) was pre-mined in the Mainnet genesis block (the first block in the chain).
- 250M (10%) went to founders and early contributors — all these tokens are locked. All these tokens are initially locked and subject to a vesting period: 6m cliff in April 2021, followed by 18m vesting.
- 250M (10%) have been allocated to the Witnet Foundation to support ongoing efforts.
- 250M (10%) were preassigned to participants in the Republic.co token pre-sale and SAFT participants.
Where Can I buy Witnet(WIT)?
Investing in Witnet(WIT) can seem complicated, but it is much easier when you buy Witnet(WIT) through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Witnet(WIT) — both for fiat money and other cryptocurrencies. Some of the most popular Witnet(WIT) cryptocurrency exchanges are:
Witnet (WIT) Community
- Twitter: https://twitter.com/witnet_io
- Reddit: https://reddit.com/r/witnet
- Medium: https://medium.com/witnet
- Telegram: https://t.me/witnetio
Witnet FAQ
What is the price of Witnet (WIT) coin?
The current Witnet usd price is $0.003124. We update the Witnet USD price in real time. Get live prices of Witnet on different cryptocurrency exchanges around the world on Coincarp.
Is Witnet (WIT) coin a good investment?
It depends on your personal risk tolerance and investment goals. Witnet is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Witnet investing, you will also need to understand the Witnet project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Witnet investing are by participating in Spot trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Witnet (WIT) coin crypto?
You can buy Witnet from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Witnet. Cryptocurrency exchanges that currently support Witnet trading include:
If there is any error, please feedback to us, our email is [email protected]. Please be aware that buying and selling Witnet involves high risks.You should always do your own research and make sure you understand the risks associated with Witnet trading before you begin.
How to short Witnet (WIT) coin?
According to CoinCarp's tracking data, no crypto exchange yet supports Witnet contracts or ETF trading. so you can't short Witnet
What will Witnet (WIT) coin be worth in 5 years?
It is impossible to predict what Witnet will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Witnet's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Witnet 5 years from now.
WIT Price Statistics
Witnet Price
$0.003124
Price Change24h
$0.000479 18.11%
24h Low / 24h High
$0.002648 / $0.003258
Trading Volume 24h
$4,514
Volume/Market cap (24h)
0.06%
Market Dominance
--
Market Cap
--
Fully Diluted Market Cap
$7,810,000
7d Low / 7d High
$0.002574 / $0.004416
30d Low / 30d High
$0.002574 / $0.005048
90d Low / 90d High
$0.002158 / $0.005048
52 Week Low / 52 Week High
$0.002158 / $0.0206
All Time High
$0.0568
All Time Low
$0.00204
