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.
BIT Airdrop: What It Is, How It Works, and Why Most Are Fake
When you hear BIT airdrop, a distribution of free cryptocurrency tokens to wallet holders, often tied to new projects or marketing campaigns. Also known as free crypto giveaway, it sounds like easy money—until you realize most are traps. Real airdrops don’t ask for your private key. They don’t require you to send crypto first. And they definitely don’t come from random Telegram groups promising 10,000 BIT tokens if you click a link.
Airdrops are meant to spread awareness, not steal funds. Projects like CoinMarketCap, a leading crypto data platform that occasionally partners with projects for verified token distributions have run real airdrops before—like the APENFT x CMC one in 2025, which gave out 45 billion tokens to actual users who met clear, public criteria. But crypto airdrop scams, fraudulent schemes that mimic real giveaways to harvest wallets or personal data are everywhere. They copy names like BIT, NEVER, or BULL to trick you into connecting your wallet. Once you do, they drain it. No refund. No help.
Look at the posts here. None of them mention a real BIT airdrop. That’s not an accident. Projects like WagyuSwap, Seascape Crowns, and Ariva had airdrops—but they ended years ago. The ones still popping up today? They’re rebranded scams. Even when a project sounds legit—like a new Layer 2 on Bitcoin or a DeFi platform on Avalanche—they won’t give away tokens without clear rules, deadlines, and public smart contracts you can verify. If you can’t find a whitepaper, a team, or a traceable transaction history, it’s not real.
You don’t need to chase every free token. The real value is in knowing what to ignore. The next time you see a "BIT airdrop" on Twitter or Discord, ask: Is this project live? Are there actual users? Is there a blockchain explorer showing token transfers? If the answer is no, walk away. Real airdrops leave a trail. Scams vanish the second you send anything.
Below, you’ll find real reviews of actual crypto projects—some with past airdrops, others with zero giveaways. You’ll learn why some tokens faded, why exchanges with zero traffic are dangerous, and how to spot a fake before you lose money. No fluff. No hype. Just what actually happened—and what you should do next.