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?**
We want BIT token holders to have direct benefits from working with Biconomy exchange, therefore we offer the following utilities of the BIT token, which will allow it to become a reliable and stable asset.

**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:**
The corresponding part of the income from contract section will be used to repurchase and burn BIT

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

**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

# **BIT Tokenomics**
***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 pool: 64%*

BIT contract: https://bscscan.com/token/0xc864019047b864b6ab609a968ae2725dfaee808a 



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Velas is an highly unique dual-chain architecture, seamlessly merging the best of both worlds: the robust security and established developer ecosystem of the EVM with the lightning-fast transaction processing capabilities of Solana. This hybrid approach unlocks a treasure trove of possibilities for Ethereum projects seeking to escape congestion and scale to new heights.

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It leverages the power of Solana’s parallel transaction processing to deliver lightning-fast speeds exceeding 75,000 TPS. This translates to near-instantaneous transaction finality and minimal fees, a stark contrast to the congested and expensive environment of Ethereum. For dApps and users, this translates to a smoother, more efficient experience.

But speed is just the beginning. Velas is also:

Decentralized: No central authority controls the network. Power is in the hands of the community through a secure Proof-of-Stake (PoS) consensus mechanism.

Carbon-neutral: Velas is committed to sustainability, utilizing a green PoS mechanism that minimizes energy consumption.

Accessible: Building on Velas is a breeze with its extensive developer tools and EVM/Solidity support.

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Listing on major crypto exchanges

Improvements of its NFT marketplace

Cross-chain support

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A personal user dashboard

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Space Gate: A cross-chain bridge that enables swapping and transferring values across multiple networks.

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Interested game industry innovators submit their project proposal to the Seedify

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