Biconomy Exchange TokenPrice(BIT)
Details Biconomy Exchange Token (BIT) Price information (USD)
The current real-time price of BIT is $0.0{5}2580. In the past 24 hours, BIT has traded between $0.0{5}2580 and $0.0{5}2590, showing strong market activity. The all-time high of BIT is $0.0002, and the all-time low is $0.0{5}2320.
From a short-term perspective, the price change of BIT over the past 1 hour is
Biconomy Exchange Token (BIT) Market Information
Biconomy Exchange Token (BIT) Today's Price
The live price of BIT today is $0.0{5}2580, with a current market cap of $716.530K. The 24-hour trading volume is 2M. The price of BIT to USD is updated in real time.
Biconomy Exchange Token (BIT) Price History (USD)
What is BICONOMY EXCHANGE TOKEN (BIT)?
When is the right time to buy BIT? Should I buy or sell BIT now?
Before deciding whether to buy or sell BIT, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s BIT technical analysis can provide you with trading references.
Future price trend of BIT
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for BIT.
How much will BIT be worth tomorrow, next week, or next month in ? What about your BIT assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! BIT Price Prediction
How to buy BICONOMY EXCHANGE TOKEN (BIT)
Convert BIT to local currency
BIT Resources
To learn more about BIT, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0xec9b...26f2da  | 322.381B | 53.72% |
binance-smart-chain | 0x7ca2...a76406 | 42.126B | 7.02% |
binance-smart-chain | 0x4982...6e89cb | 20.719B | 3.45% |
binance-smart-chain | 0x7570...f5b537 | 11.269B | 1.88% |
binance-smart-chain | 0x606e...b43771 | 8.074B | 1.35% |
Other | 195.535B | 32.58% |
Hot Events
BICONOMY EXCHANGE TOKEN (BIT) FAQ
Is the Biconomy Exchange Token (BIT) the same as the Biconomy (BICO) protocol token?
No. This is a frequent point of confusion for many users. BICO is the native token for the Biconomy Web3 infrastructure protocol, which focuses on gasless transactions for decentralized applications. BIT, on the other hand, is the native utility token specifically for the Biconomy centralized exchange. These are two entirely separate projects with different development teams, use cases, and underlying ecosystems.
Is BIT the same token as the one originally used by BitDAO?
No. BitDAO originally used the ticker BIT but has since rebranded and migrated to the Mantle (MNT) token. Because some data tracking platforms still list Biconomy Exchange Token under the BIT ticker, users often mistake it for the former BitDAO asset. It is important to verify the contract address to ensure you are interacting with the correct exchange-specific token.
Which blockchain network is the Biconomy Exchange Token (BIT) hosted on?
BIT is primarily a BEP-20 token operating on the BNB Smart Chain. While early documentation might mention other standards like ERC-20, the current active version used for utility and trading within its ecosystem is the BEP-20 version. This allows users to benefit from the efficiency and lower transaction costs associated with the BNB Smart Chain.
What are the primary benefits and utilities for holders of the BIT token?
Holding BIT offers several advantages within its native exchange ecosystem. The primary utility includes significant discounts on trading fees, helping users reduce their transaction costs. Additionally, holders can achieve VIP status, which unlocks exclusive platform features and tiered rewards. BIT is also the core token used for participating in the exchange’s Launchpad, where users can get involved with new and upcoming blockchain projects.
How does the BIT token's deflationary model and 'burn' mechanism function?
BIT employs a deflationary model to manage its total supply. Every on-chain transaction is subject to a tax where tokens are automatically sent to a 'black hole' address to be permanently removed from circulation. Furthermore, the exchange performs a periodic 'Repurchase and Burn' process, where a portion of the transaction fees generated by the platform is used to buy back BIT tokens and destroy them.
What should users consider regarding the security and risk control measures of the BIT ecosystem?
Users should be aware that the exchange utilizes strict risk control protocols. In some instances, accounts may be flagged for review due to security triggers or specific trading behaviors. This can lead to temporary withdrawal delays while the platform verifies the activity. As with any digital asset, it is recommended to practice thorough due diligence and understand the platform's specific terms of service regarding security and account management.
