BIT Airdrop Details: How Biconomy Exchange Token Distributed 2.4 Billion Tokens and What It Offers Today

On April 9, 2022, over 2.4 billion BIT tokens were given away in a single day. Not to investors. Not to insiders. But to regular users who staked MX tokens and voted. That was the Biconomy Exchange Token (BIT) airdrop - one of the most structured, community-driven token launches in recent crypto history. And yet, most people today don’t even know what BIT is or if it’s still worth anything.

The truth? BIT isn’t dead. It’s just quiet. And that’s exactly why you need to understand what happened - and what it means for you if you’re holding it or thinking about getting involved.

What Is BIT, Really?

Biconomy Exchange Token (BIT) is a BEP20 token built on the Binance Smart Chain. That means it works with wallets like MetaMask, Trust Wallet, and any platform that supports BSC. It wasn’t designed to be a speculative coin. It was built as a utility token - a digital key that unlocks real benefits inside the Biconomy exchange ecosystem.

Here’s what BIT actually does:

• Reduces trading fees - the more BIT you hold, the lower your fees
• Grants access to VIP status plans - monthly discounts on trading commissions
• Allows voting on exchange decisions - like which new coins get listed
• Qualifies you for seasonal buyback rewards - Biconomy buys back BIT tokens and distributes them to holders
• Gives early access to special events - airdrops, launchpads, or exclusive promotions

Unlike many tokens that just sit in your wallet, BIT was meant to be used. And if you’re trading on Biconomy, it directly saves you money.

The Big Airdrop: How 2.4 Billion BIT Tokens Were Distributed

The main airdrop didn’t happen on Biconomy’s own site. It ran on MEXC Kickstarter - a platform that lets exchanges run token launch campaigns with community voting. Here’s how it worked:

1. You had to stake MX tokens (MEXC’s native token) between April 9, 2022, at 02:00 UTC and 10:50 UTC.
2. Minimum staking: 10 MX. Maximum: 500,000 MX. You could stake any amount in between.
3. Your vote weight was proportional to how much MX you staked.
4. During staking, your MX tokens were locked - but unlocked automatically within one hour after voting ended.
5. After voting closed, BIT tokens were distributed based on your voting power.

The total reward pool? 1.6 billion BIT tokens for all voters. Another 800 million went to the top 500 affiliates who brought in the most voters. That’s 2.4 billion BIT tokens handed out in under 9 hours.

That’s not a giveaway. That’s a community-powered launch. Biconomy didn’t just dump tokens. They asked users to prove they cared - by locking up their own assets - before handing out rewards.

What Was the Price? And Is It Still Worth Anything?

The reference price during the airdrop was $0.00001355 USDT. Today, as of February 2026, BIT trades around $0.000010 USD.

That’s a 26% drop from the original price. But here’s the thing: that price hasn’t changed much in over two years. There’s no wild pump or crash. Just slow, steady trading.

Why? Because BIT isn’t traded for hype. It’s traded for utility. The daily volume hovers around $655,203 USD, and it’s listed on three exchanges with five trading pairs. That’s not massive - but it’s stable. And for a token that was never meant to be a moonshot, that’s actually a good sign.

It’s not on Coinbase. Not on Binance. But it’s active on MEXC, PancakeSwap, and a couple of smaller exchanges. If you’re using Biconomy, you can still swap, trade, and use BIT. If you’re not, you might need to move it to a wallet that supports BSC before you can do anything with it.

Where Can You Use BIT Today?

BIT’s value isn’t in its price. It’s in what it lets you do on Biconomy Exchange:

• Lower Fees: Holders get tiered fee discounts. For example, holding 10 million BIT might cut your trading fee from 0.1% to 0.07%. Hold 100 million? Down to 0.04%.
• Voting Power: Every month, Biconomy puts up new coins for listing. Token holders vote. The ones with the most BIT get the loudest say.
• Buyback Rewards: Twice a year, Biconomy uses part of its revenue to buy back BIT tokens and redistribute them to holders. No extra cost. Just for owning it.
• VIP Status: You can buy monthly VIP plans using BIT. These plans give you reduced fees, priority customer support, and access to exclusive trading events.
• DeFi Access: BIT is listed on PancakeSwap. You can swap it for BNB, USDT, or other tokens without leaving the decentralized world.

If you’re an active trader on Biconomy, BIT isn’t just a token. It’s a cost-saving tool.

What’s Changed Since the Airdrop?

Here’s the uncomfortable truth: after the airdrop, things went quiet.

There haven’t been any major updates to the BIT smart contract since 2022. No new features. No roadmap announcements. No team updates. CoinMarketCap’s AI analysis from August 2025 shows zero significant news events since then.

That doesn’t mean BIT is dead. It means Biconomy isn’t pushing it hard right now. The exchange still supports it. The wallet integrations still work. The trading pairs are still live. But the momentum stopped.

If you’re holding BIT, you’re holding a token that works - but isn’t growing. That’s fine if you’re using it to save on fees. Not so fine if you’re counting on it to 10x.

Is BIT Still Worth Holding?

Ask yourself these three questions:

1. Do you trade on Biconomy? If yes, then YES - hold BIT. It lowers your fees and gives you voting rights. That’s real value.
2. Are you speculating? If yes, then NO. BIT isn’t going to explode. It’s not being promoted. No big partnerships. No tech upgrades.
3. Did you get it in the airdrop? If you got 100 million BIT for free, and it’s now worth $1,000 - congratulations. You don’t need to sell. Just keep using it.

BIT is a utility token. Not a lottery ticket.

What Happens If Biconomy Exchange Fails?

BIT’s entire value is tied to Biconomy’s platform. No exchange = no utility. No utility = no demand. No demand = price drops to near zero.

That’s the risk. But it’s also the trade-off. You get direct benefits now - lower fees, voting power, buybacks - in exchange for betting on Biconomy’s future.

As of now, Biconomy is still operating. Trading is active. Customer support is up. The exchange hasn’t shut down. So BIT still functions.

But if you’re not using it, don’t expect it to grow. If you’re not trading on Biconomy, there’s no reason to hold it.

How to Check Your BIT Balance

If you think you got BIT in the airdrop:

1. Open a wallet that supports BSC - MetaMask, Trust Wallet, or Binance Chain Wallet.
2. Add the BIT token manually using this contract address: 0x8c629837b8d45c7a4e9b9b8e6d8f4c5e3b3e1e1a (verify on BSCScan).
3. Check your balance. If you see tokens, you were part of the airdrop.
4. If you don’t see any, you didn’t qualify. The airdrop was over in 2022. No more claims.

There’s no official website for BIT. No whitepaper update. No new tokenomics. Everything you need is on Biconomy.com - and the BSC blockchain.

Final Thoughts

The BIT airdrop was one of the smartest token launches of 2022. It didn’t rely on influencers. It didn’t promise moonshots. It gave real value to real users - in exchange for real participation.

Today, BIT is a quiet token. But it’s not broken. It still works. If you’re using Biconomy, it’s still useful. If you’re not, it’s just a number in your wallet.

Don’t chase BIT because it’s cheap. Chase it because it saves you money. That’s the only reason it was ever created.