On April 9, 2022, over 1.6 billion BIT tokens were given away in under nine hours - not to a few hundred lucky users, but to tens of thousands who actually voted. This wasn’t a random giveaway. It was a carefully designed airdrop by Biconomy Exchange to turn passive traders into active participants. The token, called BIT, was built on the Binance Smart Chain as a BEP20 asset, and its entire purpose was to make users feel like they owned a piece of the exchange - not just traded on it.
How the BIT Airdrop Actually Worked
The main airdrop ran on MEXC’s Kickstarter platform. You didn’t just sign up and get free tokens. You had to stake MX tokens - the native token of MEXC - to vote. The minimum was 10 MX. The maximum? 500,000 MX. That’s a huge range, but it was intentional. It let small holders join and big players have influence without letting one person dominate. The voting window opened at 02:00 UTC on April 9, 2022, and closed exactly 8 hours and 50 minutes later. During that time, your staked MX was locked. No withdrawals. No moving them around. But here’s the key: once voting ended, your MX was unlocked within one hour. No tricks. No delays. That built trust. Rewards weren’t flat. They were proportional. If you staked 100 MX and contributed 1% of all votes cast, you got 1% of the 1.6 billion token pool. That meant if you were active and engaged, you got more. If you just clicked and left, you got less. It punished apathy and rewarded participation. There was also a hidden layer: 800 million extra BIT tokens were reserved for the top 500 affiliates. These weren’t random influencers. They were users who brought in the most new participants. That created a real incentive to spread the word - not just for yourself, but for the whole community.What BIT Tokens Actually Do
A lot of tokens promise utility. BIT delivered it - and still does. First, you get lower trading fees. Holders of BIT get discounts on every trade you make on Biconomy Exchange. The more BIT you hold, the bigger the cut. It’s not a gimmick. It’s a direct financial benefit. Second, you can buy VIP status monthly using BIT. That unlocks even lower fees, priority customer support, and early access to new listings. Think of it like a subscription, but paid in crypto you already own. Third, BIT gives you voting rights. Biconomy lets token holders vote on key decisions - like which new coins to list, what fee structures to test, or even how to spend part of the exchange’s revenue. This isn’t symbolic. It’s real governance. Fourth, there are seasonal buybacks. When the exchange makes enough profit, it uses part of it to buy back BIT from the open market and burn it. That reduces supply. Less supply + steady demand = potential price pressure upward. It’s a simple economic loop designed to reward long-term holders. And yes - you can trade BIT for anything else. It’s not locked in. You can swap it for BTC, ETH, or even stablecoins on supported exchanges. It’s not a prison token. It’s a tool.
Where BIT Trades Today
As of January 2026, BIT trades on three exchanges: Biconomy Exchange itself, MEXC, and PancakeSwap. That’s a mix of centralized and decentralized platforms - smart. It means you can buy it with fiat on MEXC, or swap it directly from your wallet on PancakeSwap. There are five trading pairs: BIT/USDT, BIT/BTC, BIT/ETH, BIT/BUSD, and BIT/BNB. That’s more than enough for most users. The daily volume hovers around $655,000 - not massive, but steady. For a token with a market cap under $2 million, that’s healthy. The price? Around $0.000010 USD. That’s down from the original airdrop reference price of $0.00001355, but not dramatically. For a token that started with 2.4 billion in circulation (1.6B public + 800M affiliate), the drop isn’t alarming. It’s actually expected. Most airdrops see a post-launch dip as early buyers cash out. CoinMarketCap lists BIT at #3823. That sounds low - and it is. But don’t let rank fool you. Many tokens in the top 100 have no utility. BIT has real use cases inside an active exchange. That matters more than a number.Why BIT Still Matters
The crypto world moves fast. Projects launch, hype up, and vanish. Biconomy didn’t do that. They didn’t vanish after the airdrop. They kept the exchange running. They kept the token working. They didn’t promise moonshots. They promised utility - and delivered. The fact that BIT still trades, still gives fee discounts, and still lets users vote means the project isn’t dead. It’s quiet. But quiet doesn’t mean gone. Compare that to other airdrops from 2022. Many are worth pennies - or nothing. BIT still has a functioning ecosystem. Users still log in. Trades still happen. Tokens still get burned in buybacks. That’s rare. The biggest risk? Lack of public roadmap updates. Since mid-2023, there haven’t been major announcements about new features, integrations, or tech upgrades. The codebase hasn’t seen major commits. That’s a red flag if you’re looking for explosive growth. But if you’re looking for a token that already has a real job - and has held onto it for over three years - BIT fits. It’s not a gamble. It’s a utility tool.
Who Should Hold BIT Today?
If you trade on Biconomy Exchange regularly, holding BIT makes sense. You’re already paying fees. Why not reduce them? If you like the idea of voting on exchange decisions - and you’ve been burned by centralized exchanges making unpopular moves without asking - BIT gives you a voice. If you believe in long-term, low-volume tokens with actual utility over hype - BIT is a quiet winner. If you’re chasing quick flips? Walk away. BIT doesn’t move fast. It doesn’t pump on memes. It moves with the exchange it supports.What’s Next for BIT?
No one knows for sure. Biconomy hasn’t announced new airdrops, partnerships, or tech upgrades. But that’s not unusual for a token that already achieved its main goal: widespread distribution and user adoption. The next step? More integration with DeFi protocols. Maybe a staking program for BIT holders. Or cross-chain support beyond Binance Smart Chain. Those are logical moves - but they’re not guaranteed. For now, BIT’s future is tied to Biconomy Exchange’s performance. If trading volume grows, so does BIT’s utility. If the exchange stagnates, BIT will too. But here’s the bottom line: BIT survived the first three years. Most tokens don’t. That’s not luck. It’s design.Was the BIT airdrop real, or was it a scam?
The BIT airdrop was real. It ran on MEXC Kickstarter, a well-known platform for token launches. Over 1.6 billion tokens were distributed to participants who staked MX and voted. The transaction history is on-chain and verifiable. The project didn’t vanish - the exchange still operates, and BIT still has utility. That’s not how scams behave.
Can I still get BIT tokens from the original airdrop?
No. The airdrop ended on April 9, 2022. The voting window closed, rewards were distributed, and the campaign is permanently over. You can only get BIT today by buying it on exchanges like Biconomy, MEXC, or PancakeSwap.
Is BIT worth buying now?
It depends on your goal. If you want to flip it for a quick profit, probably not. The price is stable and low-volume. If you trade on Biconomy Exchange and want lower fees, or if you want to vote on exchange decisions, then yes. BIT’s value isn’t in speculation - it’s in usage.
How many BIT tokens are in circulation?
A total of 2.4 billion BIT tokens were created: 1.6 billion for the public airdrop and 800 million for top affiliates. There’s no evidence of further minting since 2022. Some tokens may have been burned through buybacks, but exact figures aren’t publicly tracked.
Can I stake BIT to earn more tokens?
Not currently. Biconomy doesn’t offer a staking program for BIT. The only way to earn more BIT is through trading fee discounts, voting rewards, or buybacks - none of which generate new tokens. All BIT in circulation was distributed during the 2022 airdrop.
Where can I check the current price of BIT?
You can track BIT’s price on CoinMarketCap or CoinGecko. It’s listed on Biconomy Exchange, MEXC, and PancakeSwap. The most accurate price will be on the exchange you’re using, since liquidity varies. Always check multiple sources before trading.
Danyelle Ostrye
January 6, 2026 AT 16:22Dave Lite
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