BIT Token Listing on the MEXC Global Exchange

News provided by PRCrypto

04.09.2022, 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 is more than 200,000 community.

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.

MEXC Global exchange is TOP20 by CMC rank, was founded in 2018, and caters to more than 6 million users in more than 70 countries around the world.

We are excited to announce that on 9 April BIT Token, the native token of the cryptocurrency exchange Biconomy.com, will be listed on MEXC Global Exchange, the TOP-20 largest crypto exchange.

To mark the partnership, MEXC Global will launch another session on Kickstarter. Kickstarter is a listing campaign initiated by the project team on MEXC before launch where users can stake tokens to vote towards a predetermined goal. Once the goal is hit, the listing process will be kickstarted and free token airdrops will be arranged for participating users prior to the listing.

Biconomy Exchange Token BIT will be listed on MEXC on April 9th, 13:00 UTC. When you start trading, please be aware that the BIT Token on MEXC is named BIT1 to avoid confusion.

In order to stimulate the activity of the BIT Token community, the MEXC exchange also conducts Staking of the BIT Token with a very high yield.

This will allow BIT Token holders not only to get used to the MEXC exchange but also to immediately master the products of the exchange – MEXC DeFi.

Staking of the BIT Token on the MEXC exchange will be held from April 9, 13:00 UTC to April 11, 16:00 UTC.

Commenting on this event, Biconomy CEO Dmitriy Sheludko said:
“That is an important milestone in the development of Biconomy ecosystem. We are working hard to introduce our token to various platforms and to help our users earn more tokens. We believe that this partnership will trigger the development pace of Biconomy Exchange and BIT Token ecosystems. Congratulations to all holders of the BIT token and the Biсonomy community on this wonderful event. This is just the beginning and we are constantly moving forward!”

Speaking about the Biconomy exchange ecosystem, we can mention that the exchange is currently undergoing a lot of activities related to listings of new coins and other promotions. Exchange users can receive bonuses in APE coins by completing KYC, they can receive free rewards in new project tokens by completing simple tasks on social networks. Biconomy always takes care of newcomers to the crypto market and these activities allow them to study the exchange, and its products, immediately receive bonuses and start successful trading.

Why need to care about  BIT token?
Biconomy Exchange Token – BIT is a decentralized digital asset based on the BSC and is BEP20 compliant. BIT’s value is in part reliant upon the reputation of the Biconomy crypto exchange, yet other factors also have an impact.
BIT token holders to have direct benefits from working with Biconomy exchange, offering the following utilities of the BIT token, which will allow it to become a reliable and stable asset:

  • For exchange’s currency transaction operation fees, 50% will be used to repurchase and burn BIT tokens — this will curb inflation, 50% will be airdropped to token holders in the form of USDT
  • 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 a share of high-quality blockchain projects invested by the Biconomy Foundation
  • Follow-up plan use case: BIT will be applied to smart chain, DEX, NFT, and other potential products of Biconomy.
  • BIT uses a deflationary model: each transaction is taxed at 6% and these tokens are burnt.
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