- "Biconomy is one of the biggest, active, Canadian cryptocurrency exchanges online. Founded in 2019, the company has it’s headquarters in Canada, as well as offices in the United Kingdom, Russia and CIS, South Korea, and Japan.
It is a leading exchange that provides professional, and secure trading experiences to 300K+ crypto traders, and more than 100k communities around the world, through its products and services designed specifically for cryptocurrencies."
October marks the 2 year anniversary of Biconomy exchange!
This is a very important event for Biсonomy, which is why we are happy to give away gifts to our users and community.
Biconomy 2nd Anniversary $30,000 Airdrop
First of all, a grandiose $30,000 airdrop of the native exchange token BIT is live now!
The airdrop runs from October 20 to November 9, 2021, and if you subscribe to our social networks, you can get BIT tokens absolutely free!
BIT, is the native token of the Biconomy.com exchange, and it entered into the market only a month and a half ago - on September 6, and during this time it has already grown by 3500%!
This growth is due to the large list of utilitarian properties of the BIT token.
BIT token is now publicly traded and available to investors worldwide on the PancakeSwap platform.
How will the holders benefit from holding the BIT Token?
BIT, or Biconomy Token, is the native cryptocurrency exchange token of Biconomy.com. The digital asset is decentralized and compliant with BEP20. Biconomy’s reputation is a significant factor in BIT’s value, though other factors play a role.
By using Biconomy, BIT token holders can take advantage of the following BIT token benefits, which will make it a reliable and secure asset:
A 6% transaction tax is applied to each BIT transaction, of which 4% is removed through destruction, while 2% is returned to the wallet with currency.
- DEFLATIONARY MODEL - A 6% transaction tax is applied to each BIT transaction, of which 4% is removed through destruction, while 2% is returned to the wallet with currency.
In 1.5 months, 16% of $BIT Tokens BURNED already!
The current cryptocurrency market has no exchange tokens that follow this model! - The exchange will use 50% of the currency transaction fees for repurchasing and burning its tokens to curb inflation. The other 50% will be distributed back to token holders in the form of USDT.
- The Biconomy exchange will offer special commissions to BIT holders depending on the number of tokens held
- Owning BIT tokens gives you a chance to participate in the investment of high-quality blockchain projects by the Biconomy Foundation
- Futures trading: Biconomy plans to launch futures trading in Q3 of 2022, which will generate income for repurchasing and burning BIT.
- BIT will be applied to its own DEX Chain, new financial technologies, and other potential Biconomy products.
Biconomy GameFi Launchpad
Most recently, we announced the launch of the GameFi Launchpad.
The Play To Earn industry is now gaining momentum and becoming very popular, and Biconomy places a special emphasis on such projects, as do many exchanges.
First of all, we care very much about our ecosystem and its development, so only the most promising, strong projects will be accepted to be on the launchpad.
Biconomy wants to find, and help with development for the next Axie Infinity or Crypto Punks-like kind of project.
We are very selective with projects, because of all that we offer on our launchpad. Projects will receive a full range of PR and marketing services, community development, participation in fundraising, and we help projects fully, and successfully enter the world cryptocurrency market.
All interested projects can fill out an application here:
https://biconomy.com/Launchpad .
BIT Staking
We launched a product for the Staking of BIT tokens. This was launched especially for investors, community members, and BIT token holders. We even launched ahead of schedule! https://www.biconomy.com/farms/.
This is a classic staking product with the addition of a liquidity pool in the form of BIT – BUSD.
In order to stake the BIT token and receive even more BIT tokens, users need to have a balance of BIT tokens, and a balance of BUSD on the wallet that will be used in the liquidity pool. https://www.youtube.com/watch?v=bLd9qoODUS4&t=10s
This is the first round of BIT token staking, with 10 Bln BIT Tokens allocated.
The product also has very huge profitability – Annual Profit Yield (APY) is 1000% on average!
Such profitability for an exchange token is a unique opportunity in the market!
Biconomy exchange CEO Dmitriy Sheludko said:
“We are confident that the BIT Token model and protocol would be a great addition to the Biconomy exchange and the cryptocurrency market as a whole.
Biconomy will benefit and grow along with the crypto industry as more people get involved. Additionally, the exchange provides a compelling loyalty and rewards program that will strengthen its position in an industry experiencing increased competition.
BIT Token was created as a result of a desire to increase the use of the exchange by becoming more involved, allowing the international community to freely participate in the life of the exchange and its activities, as well as receive bonuses in return.
There are many exchanges that have their own tokens, but they do not play a part in the exchange’s day-to-day operations, and they do not control their own ecosystems or utilities.
Our goal is to expand the areas where the token will be used by increasing the range of applications for the token.”
