BICONOMY CRYPTOCURRENCY EXCHANGE DAO, REFERRAL PROGRAM, AND KYC BONUS ACTIVITY

03.30.2022, Ottawa, Canada.

Biconomy is the leading digital assets and cryptocurrency platform registered in Canada. Since the launch of the exchange in 2019, there are over 300,000 registered users, and there are more than 200,000 community participants.

Crypto Exchange provides Spot trading, P2P, buy BTC, ETH, USDT, LTC, and other cryptos with a bank card, Staking and wealth management, Listing, and Launchpad services. Users can buy and sell crypto straight on Biconomy, using bank cards and Advcash, Banxa, and Simplex payment solutions.


BIT DAO

There are several major developments taking place now with the Biconomy exchange. More recently, BIT DAO was launched - a Decentralised Autonomous Organisation governance system in which the native token of the exchange BIT participates - and any token holder has the opportunity to put forward a proposal regarding changes to the exchange, and if other members of the community support this initiative, it will be accepted by the exchange and implemented.

As a result of DAO work and activity, the Biconomy exchange community made changes to the BIT Token burning system last week.

According to the deflationary model of the BIT Token, every transaction has a 6% tax, 4% goes towards burning, and 2% is credited to BIT Token holders' wallets.

Through their voting rights and the BIT Token, the Biconomy DAO community voted to eliminate the 2% charge in favor of a full-fledged tax burning of 6%.

Consequently, this speeds up the process of burning BIT tokens while enhancing their economic utility and value.

Throughout the first six months that the BIT token has been available, more than 23% of the tokens from the total supply have already been burned - this is an extremely significant figure.


KYC BONUS

Biconomy has also recently launched a new activity for newcomers who wish to register an account on the exchange. All new users during this activity that will be 1 month long will receive a bonus in the amount of 0.3 $APE coins - $5 for registering and passing KYC on the exchange.

The bonuses are usable for conversion or direct trading on the Biconomy exchange. So new traders can use this bonus and practice their trading skills.


REFERRAL PROGRAM

Additionally, a referral program was launched on the exchange, and users can now invite their friends to join by using a link and receive cryptocurrency. Biconomy users can earn rewards of up to 40% by referring their friends. The market earning level in Biconomy referrals is very high, so anyone who is interested in monetizing their social contacts and having a passive income from them can take part in it.