NUUM Airdrop Details: How Bit.Country’s MNet Token Distribution Worked and What Happened Since

The NUUM airdrop wasn’t just another crypto giveaway-it was the foundation of a decentralized metaverse built for everyday people, not just developers. Back in 2021, Bit.Country launched its Kusama-based test network, MNet Pioneer, and invited users to join a crowdloan to secure a parachain slot. In return, they promised NEER tokens. But behind that simple exchange was a much bigger plan: a full-scale metaverse platform powered by NUUM, the main token running on Polkadot. If you participated, you didn’t just get free tokens-you helped build something that still exists today, even if most people have forgotten about it.

How the NUUM Airdrop Actually Worked

The NUUM airdrop didn’t happen all at once. It was tied to the MNet Pioneer crowdloan on Kusama, which ran from November 27, 2021, to October 31, 2022. People locked up KSM (Kusama’s native token) to help Bit.Country win Auction 13. When they won, participants were rewarded with NEER tokens-the testnet version of NUUM.

The reward rate was generous: over 72 NEER tokens for every 1 KSM contributed. That’s not a small amount. If you put in 100 KSM (worth around $1,500 back then), you got over 7,200 NEER tokens. And it wasn’t just a one-time payout. Only 30% of your reward was unlocked right away. The rest? Locked up and released slowly over 12 months. That was intentional. Bit.Country wanted people to stick around, not cash out and disappear.

There was also a referral system. If you brought someone else in, both you and them got an extra 2.5% bonus-so 5% total split evenly. The first 1,000 participants got even more perks, though exact details were never fully public. These weren’t random bonuses. They were designed to grow the network organically, like a social graph built on blockchain.

From NEER to NUUM: The Token Migration

NEER wasn’t meant to be the endgame. It was the test version. Once MNet Pioneer proved the concept, Bit.Country moved to Polkadot with MNet Continuum-launching NUUM as the official token. This wasn’t just a name change. It was a full contract migration. Old NEER addresses became obsolete. Users had to claim their NUUM tokens through a new portal, linking their Kusama wallet to the Polkadot network.

If you didn’t claim your NUUM by the deadline, you lost it. No exceptions. No refunds. Many people missed the window. Some didn’t know the difference between NEER and NUUM. Others assumed the tokens would auto-convert. They didn’t. And now, years later, those unclaimed tokens are gone forever.

The NUUM token supply is capped at 1 billion, but only 132.41 million are in circulation. That’s not because the rest were burned-it’s because most are still locked up. Team allocations, investor vesting, and future incentives are all tied to long-term release schedules. Some tokens are locked for 24 months with linear unlocks. Others have 12-month cliffs. The team’s 30 million NUUM reserve hasn’t seen much release yet. The value locked in those wallets is still over $58,000.

What’s NUUM Worth Today?

NUUM’s price tells a story of hype, crash, and stubborn survival. It hit an all-time high of $0.6046 in March 2024-just one month after its official launch. That was the peak. Since then, it’s dropped 99.68%. As of December 2025, NUUM trades at $0.001958. That’s down from its low of $0.0009996 in April 2025, which means it’s recovered about 96% from the bottom. But recovery doesn’t mean revival.

Daily trading volume is barely $8,840. That’s tiny. For comparison, a single small-cap altcoin with real traction might trade $5 million a day. NUUM’s market cap is $259,350. Its fully diluted value (if all 1 billion tokens were released) is $1.95 million. That’s not a lot for a project that raised over $40 million across five funding rounds.

The token is listed on a handful of smaller exchanges, but not on major ones like Binance or Coinbase. That’s a red flag. Low liquidity means big price swings on small trades. If someone sells 100,000 NUUM, the price could drop 20% in minutes. That’s why most holders are either long-term believers or people who bought at the bottom and are waiting for a bounce.

Why Did NUUM Crash So Hard?

There’s no single reason. But here’s what happened:

• Overpromising, underdelivering: Bit.Country talked about metaverses where your Telegram group becomes a blockchain country. That sounded cool. But building a 3D world that works for thousands of users? That’s hard. Most users never left the 2.5D interface. The promised “Bit Countries” never went mainstream.
• Lack of real utility: NUUM isn’t used for much beyond governance and staking. There’s no major dApp, no big NFT marketplace, no play-to-earn game driving demand. Without usage, tokens don’t hold value.
• Market timing: The token launched right before the crypto bear market deepened. Everyone was selling. No one was buying.
• Competition: Other metaverse projects like Decentraland and The Sandbox had more visibility. Bit.Country was too technical, too niche. It didn’t feel like a game. It felt like a developer tool.

What’s Left of the Ecosystem?

Despite the price crash, the infrastructure still runs. MNet Continuum holds Leased Core ID 34 on Polkadot, and its lease is active until October 20, 2025. The team is still updating the code. The super app still lets you create a 3D world in 12 seconds. You can still buy NFTs, chat with avatars, and join events.

But here’s the truth: there’s almost no activity. The NFT marketplace has a handful of listings. The messaging system is quiet. The Bit Avatars? Most are unused. The team hasn’t announced a major update since early 2024. The project hasn’t died-but it’s not alive either. It’s in stasis.

The NEER token on Kusama? It’s still trading on Gate.io, but volume is flat. No new users are joining. The Pioneer network served its purpose: it tested the tech. Now it’s a ghost town.

Should You Still Care About NUUM?

If you held NUUM from the airdrop and never sold, you’re probably sitting on a loss. But if you’re thinking of buying now? Be careful.

This isn’t a “buy the dip” situation. The dip isn’t temporary-it’s structural. The project lacks:

• A clear use case for NUUM
• Active user growth
• Partnerships or integrations
• Marketing or community momentum

The only reason NUUM might rise again is if Bit.Country announces a major partnership-say, with a big social app or a gaming studio. Or if they launch a real play-to-earn game that actually works. But there’s been no hint of that.

For now, NUUM is a relic of a once-promising idea. The airdrop gave people a chance to be early. Most didn’t hold on. Those who did? They’re waiting for a miracle.

What Happens After October 2025?

MNet Continuum’s Polkadot parachain lease ends in October 2025. If Bit.Country doesn’t win another auction or secure a new slot, the entire network could shut down. NUUM would become useless. No one would be able to send or receive tokens. Wallets would freeze. The blockchain would go dark.

That’s not speculation. That’s how Polkadot works. Parachains aren’t permanent. They rent space. If you don’t pay, you lose your slot. And Bit.Country hasn’t announced plans to renew. No press releases. No community updates. Just silence.

If you still hold NUUM, this is your last warning. The clock is ticking.