The Biconomy Exchange Token (BIT) airdrop in 2022 distributed 2.4 billion tokens to users who staked MX on MEXC. Learn how it worked, where BIT trades today, and whether it’s still worth holding.
Biconomy Exchange Token: What It Is, How It Works, and Real Alternatives
When you hear Biconomy Exchange Token, a utility token built to reduce gas fees and enable seamless cross-chain transactions on decentralized apps. Also known as BICO, it was designed to make crypto trading feel like clicking a button instead of wrestling with blockchain costs. But here’s the truth: Biconomy isn’t an exchange. It’s infrastructure. Think of it like the invisible engine under the hood of apps like MetaMask, Gitcoin, or even some DeFi wallets — it doesn’t trade your crypto, but it makes trading faster and cheaper by handling gas payments for you.
That’s why you’ll see BICO pop up in posts about decentralized exchange, a peer-to-peer platform where users trade crypto without a middleman like Binance or Coinbase — not because Biconomy runs one, but because its tech powers parts of them. It’s the same reason you’ll find posts about crypto exchange, any platform where you can buy, sell, or swap digital assets like Core Dao Swap, FreiExchange, or 1BCH.com. Those platforms might be struggling with low traffic or zero fees, but they’re still competing in the same space where Biconomy’s tech could help — if they chose to use it. Most don’t. Why? Because integrating Biconomy requires dev work, and many small exchanges just want to launch fast and hope users show up.
What’s more, BICO isn’t a magic fix. It doesn’t solve low liquidity, poor security, or fake airdrops — problems you’ll see in posts about WagyuSwap, Seascape Crowns, or Ariva. Those projects failed not because of gas fees, but because no one trusted them, no one used them, and sometimes, they didn’t even exist. Biconomy’s role is technical, not promotional. It can’t turn a dead project into a thriving one. What it can do is make the mechanics of swapping tokens smoother — if the underlying platform is actually built to last.
And that’s the real lesson here. The posts below aren’t just about tokens or exchanges. They’re about what happens when hype outpaces function. You’ll find reviews of zero-fee exchanges with no users, airdrops that ended years ago, and blockchain tools that sound brilliant but have zero real-world usage. Some of them might use Biconomy’s tech. Most don’t. But they all share one thing: they were built without asking whether anyone actually needed them. The Biconomy Exchange Token is useful — but only when it’s part of something real. The rest? Just noise.