Biconomy Token (BIT) - is the native token of the cryptocurrency exchange Biconomy.com
It is a decentralized digital asset based on the Binance Smart Chain and is BEP20 compliant. Since this is a token of our community and created for community benefits, we made sure that our community has the most favorable conditions and commissions for transfers of the BIT Token.
BIT’s value is in part reliant upon the reputation of the Biconomy crypto exchange, yet other factors also have an impact. The reason for the creation of the BIT token was the desire to increase the involvement of people in using the exchange, to give the international community of the exchange the right to freely participate in the life of the exchange and its activities, and to receive bonuses for this.
The BIT token is an example of the currency of the economy of companies and enterprises of the future, in which each user will be a decision-maker and vote for those initiatives that are beneficial to him personally - in the end to the majority.
Having its own token allows Biconomy to build a flexible marketing strategy in order to attract new users and further grow its platform.
One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using BIT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. BIT holders can, at any point, trade the token for other cryptocurrencies.
Total BIT issuance: 1,000 billion BIT Tokens
Technical team: 20%
5% will be unlocked one year after going online, and the rest will be released in four years. These funds will be used to develop new products on the exchange for more comfortable and profitable trading for our users.
Marketing promotion: 6%
Tokens without a lock, since the marketing needs are constant. Funds are spent as needed at the discretion of the exchange team.
Early investors: 10%
5% unlocked after 6 months,
5% unlocked after 12 months
These tokens are intended for early investors, strategic investors and funds.
Liquidity mining pool: 64%
These are your tokens - dear community! You can buy them at any time!
Download BIT Whitepaper