eBIT is a new ERC20 smart contract token. The Tokens will be distributed to our community to be used for credit in applications that can be build on the blockchain. eBIT is a decentralized and democratic token that gives all the power to our community. This token will be free to keep, trade, use for voting and as a credit in online applications. Our advice is not to dump this token since it will be a high value asset in the future.