BIT TOKEN on BNB Chain

Introducing BIT TOKEN (BIT): A New Arrival on the BNB Chain

Welcome to the detailed profile of BIT TOKEN (BIT), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, BIT TOKEN (BIT) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about BIT TOKEN (BIT) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about BIT TOKEN (BIT) and find answers to some frequently asked questions.

Token description

# **What Is Biconomy Token (BIT)?** BIT is a decentralized digital asset based on the Binance Smart Chain and is BEP20 compliant. The BIT Token is created for the benefit of the community, Biconomy ensured that the community has the most desirable terms and commissions when it comes to transferring the token. BIT’s value is in part reliant upon the reputation of the Biconomy crypto exchange, yet other factors also have an impact. The reason for the creation of the BIT token was the desire to increase the involvement of people in using the exchange, to give the international community of the exchange the right to freely participate in the life of the exchange and its activities, and to receive bonuses for this. The BIT token is an example of the currency of the economy of companies and enterprises of the future, in which each user will be a decision-maker and vote for those initiatives that are beneficial to him personally - in the end to the majority. Having its own token allows Biconomy to build a flexible marketing strategy in order to attract new users and further grow its platform. One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using BIT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. BIT holders can, at any point, trade the token for other cryptocurrencies. # **What Makes Biconomy Token (BIT) Unique?** We want BIT token holders to have direct benefits from working with Biconomy exchange, therefore we offer the following utilities of the BIT token, which will allow it to become a reliable and stable asset. **For Biconomy exchange's currency transaction operation fees**, 50% will be used to repurchase and burn BIT tokens - this will curb inflation. **BIT token holders will have special trading commission conditions** on the Biconomy exchange, which will depend on the number of tokens on hold. **Holding BIT tokens offers the opportunity to obtain the share of high-quality blockchain projects** invested by the Biconomy Foundation, reducing the threshold for users to participate in the first-level investment; **Contract section:** The corresponding part of the income from contract section will be used to repurchase and burn BIT **Follow-up plan use case:** BIT will be applied to smart chain, DEX, NFT and other potential products of Biconomy **BIT adopts a deflationary model:** each transaction charges a 6% tax, and all 6% is transferred to the black hole address for burning https://bscscan.com/token/0xc864019047b864b6ab609a968ae2725dfaee808a?a=0x0000000000000000000000000000000000000000 # **BIT Tokenomics** ***Total BIT issuance: 1,000 billion BIT Tokens*** *Technical team: 20% * 5% will be unlocked one year after going online, and the rest will be released in four years. These funds will be used to develop new products on the exchange for more comfortable and profitable trading for our users. *Marketing promotion: 6% * Tokens without a lock, since the marketing needs are constant. Funds are spent as needed at the discretion of the exchange team. *Early investors: 10%* 5% unlocked after 6 months, 5% unlocked after 12 months These tokens are intended for early investors, strategic investors and funds. *Liquidity pool: 64%* BIT contract: https://bscscan.com/token/0xc864019047b864b6ab609a968ae2725dfaee808a