BIT

Biconomy Exchange Token price 
BIT

$0.000005148  

0.26% (1d)

Biconomy Exchange Token to USD Chart

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Biconomy Exchange Token statistics
Market cap
 

0.00%

$1,602,267
#2641
Volume (24h)
 

0.00%

$1,848,824
#862
Volume/Market cap (24h)
 
115.39%
Self-reported circulating supply
 
311,268,077,953 BIT
31.13%
Total supply
 
664,316,819,882 BIT
Max. supply
 
1,000,000,000,000 BIT
Fully diluted market cap
 
$5,147,548
BIT to USD Converter
BIT
USD
Price performance
24h 
Low
$0.000005115
High
$0.000005184
All-time high
Oct 23, 2021 (2 years ago)
$0.0002773
-98.14%
All-time low
Sep 06, 2021 (3 years ago)
$0.00000066
+679.93%
See historical data
Popularity
In watchlists516,781x
158th / 9.7K
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Biconomy Exchange Token news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About Biconomy Exchange Token

What Is Biconomy Token (BIT)?

BIT is a decentralized digital asset based on the Binance Smart Chain and is BEP20 compliant. The BIT Token is created for the benefit of the community, Biconomy ensured that the community has the most desirable terms and commissions when it comes to transferring the 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.

What Makes Biconomy Token (BIT) Unique?

BIT adopts a deflationary model: each transaction charges a 6% tax, and all 6% is transferred to the black hole address for burning https://bscscan.com/token/0xc864019047b864b6ab609a968ae2725dfaee808a?a=0x0000000000000000000000000000000000000000

For Biconomy exchange's currency transaction operation fees, 50% will be used to repurchase and burn BIT tokens - this will curb inflation.

BIT token holders will have special trading commission conditions on the Biconomy exchange, which will depend on the number of tokens on hold.

Holding BIT tokens offers the opportunity to obtain the share of high-quality blockchain projects invested by the Biconomy Foundation, reducing the threshold for users to participate in the first-level investment;

Contract section:

Follow-up plan use case: BIT will be applied to smart chain, DEX, NFT and other potential products of Biconomy

BIT Tokenomics

*Total BIT issuance: 1,000 billion BIT Tokens*

 
 
 
 
 
 
 
 
 
 

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