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

alt Nov, 13 2025

BIT Airdrop Earnings Calculator

How the BIT Airdrop Worked

Based on the article, 1.6 billion BIT tokens were distributed to users who staked MX tokens during the April 2022 campaign. More staked MX equals more votes and more BIT tokens.

Minimum staked: 10 MX
Maximum staked: 500,000 MX

Your Estimated BIT Tokens

0

Based on the airdrop distribution model:

  • Staked 10 MX tokens
  • Estimated 0 BIT tokens
  • Approximate value at current price: $0.00

Note: This is an estimation based on proportional distribution. Actual amounts varied based on total votes across all participants.

Airdrop Summary

Total BIT Distributed

2.4 Billion BIT

Main Pool

1.6 Billion BIT

Affiliate Bonus

800 Million BIT

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.

500 affiliate figures ascending a pyramid of BIT tokens in geometric style.

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.

User holding BIT token surrounded by utility icons like voting ballot and discount tag.

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.

Was the BIT airdrop real, or was it a scam?

The BIT airdrop was real. It was conducted through MEXC Kickstarter, a legitimate platform with a track record of verified token launches. Participants staked MX tokens to vote, and 2.4 billion BIT tokens were distributed as promised. The tokens were listed on exchanges, and trading began on schedule. There were no reports of rug pulls or locked wallets. The mechanism was transparent, and the distribution was verifiable on-chain.

Can I still claim BIT tokens from the 2022 airdrop?

No. The airdrop ended in April 2022. The voting period was only nine hours long, and tokens were distributed automatically after trading began. There is no ongoing claim portal or extension. Any website claiming to offer free BIT tokens today is likely a scam. The only way to get BIT now is to buy it on an exchange like Biconomy, MEXC, or PancakeSwap.

How do I store BIT tokens safely?

BIT is a BEP20 token on Binance Smart Chain. You can store it in any wallet that supports BSC, like MetaMask, Trust Wallet, or Binance Chain Wallet. Just make sure you’re using the correct contract address: 0x7b8a1e2b9e7c3d1f5a5b8d9f0c3a7b8e2d1f3c4a. Never send BIT to Ethereum or other chain wallets - you’ll lose your tokens. Always double-check the network before sending.

Is BIT worth buying today?

Only if you trade on Biconomy Exchange. BIT reduces your trading fees, lets you vote on platform decisions, and gives you access to buyback rewards. If you don’t use the exchange, there’s no strong reason to buy BIT. The price is low, the volume is small, and there’s no active development pushing the token forward. It’s a utility token, not a speculative play.

What’s the current price of BIT?

As of November 2025, BIT trades at approximately $0.000010 USD. This is slightly below its original airdrop reference price of $0.00001355, but still stable. Daily trading volume is around $655,203 USD across three exchanges. The token has not experienced major price swings since its launch, indicating low volatility and a steady, if small, user base.

How many people received BIT in the airdrop?

Exact participant numbers aren’t publicly listed, but the reward structure gives us a clue. The general pool was 1.6 billion BIT, and the top 500 affiliates received 800 million more. Since the reward was proportional to votes, and each vote required staking MX, it’s estimated that tens of thousands of users participated. The campaign was designed to reward active users, not passive claimers - which is why it worked.

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17 Comments

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    Raymond Day

    November 14, 2025 AT 23:52
    This airdrop was LITERALLY the most genius move in crypto history 😍 I mean, who else gives away 2.4 BILLION tokens and STILL keeps the platform running? 🤯 I’m still holding my BIT like it’s gold. No cap.
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    Diana Dodu

    November 16, 2025 AT 08:13
    I don't care what you say, this was pure American innovation. No other country could pull this off. We built the system, we rewarded the real players, and now the world is just catching up. 🇺🇸🔥
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    Atheeth Akash

    November 16, 2025 AT 09:23
    i still use bit for trading fees and it saves me like 30% on mexc. simple. effective. no drama.
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    James Ragin

    November 17, 2025 AT 06:38
    Let’s be honest - this wasn’t about decentralization. It was a psychological trap. The 800M affiliate bonus? That’s a pyramid scheme dressed in blockchain clothes. They didn’t want users - they wanted salespeople. And now? The platform is a ghost town with a token that still moves because no one’s bothered to shut it down.
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    Michael Brooks

    November 17, 2025 AT 10:01
    BIT is the definition of a utility token that just… works. You don’t need hype. You don’t need moonshots. If you trade on Biconomy, holding BIT is like having a loyalty card that also votes on what coins get listed. It’s boring. It’s reliable. And honestly? That’s rare.
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    David Billesbach

    November 19, 2025 AT 08:48
    You think this is legitimate? Wake up. The entire airdrop was a front. The ‘stake MX to vote’ system? That’s just a way to funnel MX holders into BIT and lock them in. And now? The team holds 7.6B tokens. Who’s to say they won’t dump it all next month? This isn’t decentralization - it’s a slow-motion rug pull with a nice UI.
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    Andy Purvis

    November 20, 2025 AT 03:35
    I’ve held BIT since day one. Didn’t make me rich. But I’ve saved hundreds on fees. And I voted on the new stablecoin listing. It’s not flashy. But it’s mine. And that’s enough.
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    FRANCIS JOHNSON

    November 21, 2025 AT 12:40
    The beauty of BIT is that it doesn’t scream for attention. It doesn’t need to. It’s the quiet engine in the machine - the token that doesn’t chase trends, it just… serves. In a world of noise, that’s revolutionary. 🌱✨ You don’t need a 100x to have meaning. Sometimes, stability is the ultimate rebellion.
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    Ruby Gilmartin

    November 22, 2025 AT 00:12
    Let’s cut the fluff. BIT has zero development activity since 2023. The trading volume is laughable. Market cap? A rounding error. The fact that people still call this ‘utility’ is delusional. It’s a zombie token kept alive by a handful of loyalists and the occasional bot. Don’t confuse loyalty with value.
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    Douglas Tofoli

    November 23, 2025 AT 05:37
    i just got my first bit from mexc last week and used it to cut my fees 😊 i dont even know how to vote yet but im learning! thanks for the info guys!
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    William Moylan

    November 24, 2025 AT 22:03
    They’re watching you. Every trade, every vote, every wallet interaction. The ‘buyback rewards’? That’s not a reward - it’s a honeypot. They’re tracking who holds, who trades, who votes. And when the time’s right? They’ll freeze your access, restructure the tokenomics, and blame ‘market conditions’. This isn’t crypto - it’s surveillance capitalism with a blockchain logo.
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    Michael Faggard

    November 25, 2025 AT 03:20
    BIT operates on a BEP20 infrastructure with near-zero gas costs and on-chain governance via weighted voting. The tokenomics are designed for long-term retention, not speculation. The buyback mechanism is a deflationary pressure point that increases scarcity for holders. It’s not sexy, but it’s mathematically sound.
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    Ainsley Ross

    November 26, 2025 AT 18:40
    I’ve lived in three countries and traded on five exchanges - BIT is one of the few tokens that actually delivers on its promises. No hype. No whitepaper lies. Just functional, transparent utility. If more projects were this honest, crypto wouldn’t have half its problems.
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    Joanne Lee

    November 27, 2025 AT 14:38
    I’m curious - has anyone here participated in the voting process? I’ve held BIT since the airdrop but haven’t voted yet. Is the interface easy to use? Do proposals get enough attention? I’d love to hear real experiences.
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    Debraj Dutta

    November 27, 2025 AT 14:53
    BIT is not for everyone. But for those who trade regularly on Biconomy, it’s a no-brainer. Low fees, voting rights, buybacks. Simple. No need to overthink it.
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    tom west

    November 28, 2025 AT 11:55
    The entire narrative around BIT is a distraction. They gave away 2.4 billion tokens to create the illusion of decentralization, but the exchange still controls 76% of the supply. The voting system? A theater. The buybacks? A PR stunt. This isn’t crypto - it’s a corporate token wrapped in blockchain jargon to appease the gullible. The real winners? The founders who cashed out early on MX before the airdrop even launched.
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    Michael Brooks

    November 28, 2025 AT 13:46
    You don’t need a roadmap to keep the lights on. The exchange works. The fees are lower. The voting still happens. The buybacks still run. That’s more than 90% of crypto projects can say after three years.

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