Right now BITS exist only on the game’s servers. They had the plans to let players covert their BITS into SMC, and then cash out on a crypto exchange. However, the developers of Space Misfits this required a complex development process. It made a lot more sense to move the entire economy on-chain.
BITS will now become an ERC-20 token with utility within the game’s ecosystem. The token will exist in the Enjin ecosystem and of course on Enjin’s Jumpnet. Players will need BITS for all kinds of in-game purchases and trading. On the other end of the spectrum, there will be SMC. This will become the governance token for Space Misfits, which players can use for staking, voting and it will play a role in the game economy for Habitats.
Bringing an in-game currency from centralized servers to crypto is not an easy thing for the Space Misfits team. However, technically players could already jump into the game to earn BITS and SMC. However, right now not all these tokens are on-chain yet. The Space Misfits development team will need to update their whitepaper and roadmap. They expect to present to full scope of their tokenomics on October or November.