BIT Airdrop Details: How Biconomy Exchange Token Distributed 2.4 Billion Tokens in 2022

Back in April 2022, over two billion BIT tokens were handed out for free - not as a gimmick, but as a calculated move to turn users into stakeholders. The Biconomy Exchange Token (BIT) airdrop wasn’t just another crypto giveaway. It was a structured, vote-driven campaign designed to build real engagement on the Biconomy exchange platform. If you’re wondering whether BIT is still worth paying attention to, or how the original distribution worked, here’s exactly what happened - and what it means today.

How the BIT Airdrop Actually Worked

The main BIT airdrop ran on the MEXC Kickstarter platform. It wasn’t open to everyone who signed up. To qualify, you had to stake MX tokens - MEXC’s native token - in a locked position. The minimum was 10 MX, and the maximum was 500,000 MX. You could stake any amount in between, and the more you staked, the more votes you earned. Each vote translated into a share of the 1.6 billion BIT tokens up for grabs.

The voting window was short: just under nine hours, from April 9, 2022, at 02:00 UTC to 10:50 UTC. After voting ended, trading started at 13:00 UTC the same day. The tokens you earned weren’t instantly available - they were distributed automatically once trading began. And your staked MX tokens? They were unlocked within an hour after voting closed. No surprises. No delays.

What made this different from other airdrops? It rewarded active participation. You didn’t just claim a token and forget about it. You had to commit capital (MX) to vote. That filtered out bots and casual takers. It brought in users who were already invested in the ecosystem.

The Affiliate Bonus: 800 Million Extra Tokens

Biconomy didn’t stop at the main pool. They added another 800 million BIT tokens - reserved exclusively for the top 500 affiliates who brought in the most participants. This wasn’t a random bonus. It was a performance-based reward system. The top affiliate didn’t get a flat amount. They got a slice of that 800 million based on how many people they referred and how much those people staked. It turned users into salespeople, and it worked.

This dual-layer approach - general airdrop + affiliate bonus - meant 2.4 billion BIT tokens were distributed in total. That’s a massive commitment to decentralizing ownership. Most projects hold back 30-50% for the team. Biconomy gave away nearly everything upfront.

What BIT Token Actually Does

BIT isn’t just a speculative asset. It’s built for utility on the Biconomy exchange. Here’s what you can do with it:

• Reduce trading fees: Holders get discounted rates on every trade, similar to how BNB works on Binance.
• Buy VIP status: Monthly VIP plans can be purchased with BIT, unlocking lower fees, higher withdrawal limits, and priority support.
• Vote on exchange decisions: Holders can vote on new coin listings, fee structures, and platform upgrades. Your BIT gives you a say.
• Qualify for buyback rewards: Biconomy runs seasonal buybacks where a portion of trading fees is used to repurchase BIT from the market and distribute it to holders.
• Early access: Token holders get first dibs on new token sales and exclusive events.

These aren’t theoretical perks. They’re live features on the exchange. If you trade regularly on Biconomy, holding BIT saves you money - and gives you influence.

BIT’s Technical Foundation

BIT is a BEP20 token built on the Binance Smart Chain (BSC). That means it’s compatible with wallets like MetaMask, Trust Wallet, and Binance Chain Wallet. Transactions are fast and cheap - typical BSC speeds, with fees under $0.10. There’s no Ethereum-level gas drama here.

The total supply is fixed at 10 billion BIT. That’s important. Unlike some tokens that mint new coins endlessly, Biconomy locked the supply early. Only 2.4 billion were distributed in the airdrop. The rest are held by the exchange for future incentives, liquidity, and team allocations - but they’re not circulating yet.

Where BIT Trades Today

As of November 2025, BIT is listed on three exchanges: Biconomy.com, MEXC, and PancakeSwap. That’s a mix of centralized and decentralized platforms - smart. It gives holders options. You can trade BIT for USDT, BNB, ETH, or even other altcoins.

The daily trading volume hovers around $655,203 USD. Not huge by mainstream standards, but steady. The price? Around $0.000010 USD. That’s down slightly from the original airdrop reference price of $0.00001355, but not dramatically. For a token with such a low unit price, that’s actually stable.

CoinMarketCap ranks BIT at #3823 by market cap. That’s not top-tier, but it’s not dead either. There are active holders. There’s ongoing trading. And the token still functions exactly as designed.

Is BIT Still Active? The Reality Check

Here’s the hard truth: there haven’t been major updates to the BIT project since mid-2023. The official roadmap is quiet. No new features announced. No code commits on public repositories. The CMC AI analysis from August 2025 noted minimal news activity.

That doesn’t mean BIT is dead. It means it’s in maintenance mode. The exchange still runs the buybacks. Users still trade it. The fee discounts still work. The voting system is still live. The infrastructure is intact.

But if you’re hoping for a big relaunch, new tokenomics, or a partnership with a major DeFi protocol - you won’t see it anytime soon. Biconomy seems focused on keeping the platform running, not reinventing it.

Should You Still Care About BIT?

If you’re already trading on Biconomy Exchange, then yes - holding BIT makes sense. It saves you money on fees and gives you voting power. If you’re not trading there, there’s little reason to buy BIT just to hold it. The price is low, the volume is modest, and there’s no clear catalyst for growth.

But here’s something to consider: the original airdrop created a loyal base. These are users who participated in the early days. They’re not chasing pumps. They’re using the token for its intended purpose. That kind of user base is harder to build than hype.

BIT’s value isn’t in speculation. It’s in utility. And as long as Biconomy Exchange keeps operating - which it still does - BIT will keep working too.

What Happens Next?

The future of BIT depends entirely on Biconomy Exchange. If the exchange grows its user base, adds more trading pairs, or launches new services - BIT’s utility will grow with it. If the exchange stagnates, BIT will stay flat.

There’s no whitepaper update coming. No team announcement. No roadmap revision. But the token still functions. And in crypto, that’s more than most projects can say after three years.

If you’re looking for a low-risk way to earn passive rewards from trading - and you already use Biconomy - then BIT is still worth holding. If you’re looking for the next 100x moonshot - look elsewhere.