How to Claim the Biconomy BIT Airdrop

BIT Airdrop Reward Calculator

Calculate your potential BIT rewards from the Biconomy airdrop campaign based on the MX tokens you staked during the voting window.

MX Tokens Staked Minimum stake: 10 MX | Maximum stake: 500,000 MX

Estimated BIT Rewards

Based on proportional distribution of the general reward pool (1.6B BIT)

Value at Current Market Price

Current price: $0.000010 USD per BIT (as of Oct 2025)

Airdrop Details

General Reward Pool: 1,600,000,000 BIT
Reference Price: $0.00001355 USD per BIT (as of April 2022)
Current Market Price: $0.000010 USD per BIT
Affiliate Bonus Pool: 800,000,000 BIT for top 500 affiliates

Rewards were calculated proportionally based on your MX stake relative to the total MX staked by all participants.

Important: This is an estimate based on the proportional distribution mechanism described in the article. The actual value could vary based on the total MX staked by all participants.

When Biconomy.com announced the launch of its native token, the Biconomy Exchange Token (BIT) a BEP20‑compliant asset on the Binance Smart Chain designed to reward active traders, the crypto community buzzed for a good reason: the BIT airdrop promised real utility, not just a free token dump. If you’re wondering how the campaign worked, who qualified, and whether it still matters for today’s holders, this guide breaks everything down in plain English - from the voting mechanics on MEXC Kickstarter to the later PancakeSwap distribution.

Why Biconomy Ran an Airdrop

At its core, an airdrop is a marketing move, but Biconomy turned it into a participation engine. By handing out BIT, the exchange lowered trading fees for token holders, unlocked VIP‑status perks, and gave voting rights on future platform decisions. The token also ties into seasonal buyback rewards, meaning long‑term holders can earn extra BIT when the exchange runs buybacks. In short, the airdrop was meant to turn passive users into engaged stakeholders.

Technical Backbone - Binance Smart Chain and BEP20

BIT lives on the Binance Smart Chain (BSC), a high‑throughput blockchain that offers cheap transactions compared with Ethereum. As a BEP20 token, BIT follows the same interface standards as ERC‑20, which makes it compatible with most wallets, decentralized exchanges, and the BSC ecosystem. This choice gave Biconomy two advantages: fast settlement for fee discounts and easy integration with DeFi platforms like PancakeSwap.

The Main Airdrop Event - MEXC Kickstarter

The biggest distribution happened through MEXC’s Kickstarter platform in April 2022. Here are the key parameters you need to know:

MEXC Kickstarter BIT Airdrop Details
Parameter	Value
Voting window	April 9 2022, 02:00 UTC - 10:50 UTC
Reward pool (general)	1,600,000,000 BIT
Reward pool (top 500 affiliates)	800,000,000 BIT
Reference price	$0.00001355 USDT per BIT
Minimum MX stake	10 MX
Maximum MX stake	500,000 MX

To join, participants had to lock MX tokens (the native token of MEXC) within the specified range. The staking period was temporary: tokens were frozen during voting and released an hour after the deadline, preventing anyone from gaming the system.

How Rewards Were Calculated

Each vote counted proportionally to the amount of MX staked.
The total BIT pool was divided among all voters based on their share of the total MX locked.
Affiliate bonuses went to the top 500 participants who referred the most new voters, rewarding community‑driven growth.

This proportional model meant genuine engagement - not just mass claim bots - earned the biggest slices of the airdrop.

Peter Max style illustration of MEXC Kickstarter airdrop with MX tokens and voting clock.

Secondary Distribution via PancakeSwap

After the centralized launch, Biconomy pushed BIT onto PancakeSwap, a leading DEX on BSC. A $50,000‑worth of BIT was handed out to early liquidity providers and users who swapped into the new pool. The move broadened the token’s reach beyond MEXC’s user base and gave DeFi participants a way to acquire BIT without relying on a centralized exchange.

Token Utility in the Biconomy Ecosystem

Holding BIT does more than sit in a wallet. Here’s what the token unlocks:

Fee discounts: Traders enjoy reduced commission rates proportional to their BIT balance.
VIP status: Monthly subscription plans grant deeper fee cuts and priority support.
Voting rights: BIT holders can vote on new listings, fee structures, and community initiatives.
Seasonal buyback rewards: When Biconomy executes a buyback, BIT holders receive a share of the repurchased tokens.
Early‑access privileges: Token holders get first‑dibs on special events, token sales, and beta features.

All of these utilities tie the token’s value directly to the health of the Biconomy exchange. In practice, this means the price of BIT often mirrors user activity on the platform.

Current Market Snapshot (Oct 2025)

As of today, BIT trades around $0.000010 USD with a 24‑hour volume of roughly $655,000 across three exchanges and five trading pairs. The price remains close to the original reference price set during the airdrop, indicating modest volatility. Liquidity is stable thanks to continuous listings on both centralized venues (MEXC, BitMart) and PancakeSwap.

Peter Max style scene of a user claiming BIT, showing fee discounts and voting.

Is the Airdrop Still Relevant?

Even though the original voting period closed in 2022, the tokens earned still grant the same utilities. New users can acquire BIT on the open markets, and existing holders continue to receive fee rebates and voting power. The biggest open question is Biconomy’s development roadmap - publicly, updates have tapered off since mid‑2024, and the community watches for any new feature releases that could boost BIT’s utility.

Common Pitfalls and How to Avoid Them

Missing the lock‑up window: During the MEXC event, MX tokens were locked. Forgetting the unlocking time could lead to temporary loss of liquidity.
Confusing BEP20 with ERC‑20: Always use a BSC‑compatible wallet (MetaMask set to Binance Smart Chain, Trust Wallet, etc.) to avoid failed transfers.
Over‑relying on price speculation: BIT’s real value comes from fee discounts and voting, not just market flips.

Step‑by‑Step: How to Claim Your BIT Now

Open a BSC‑compatible wallet (e.g., MetaMask, Trust Wallet).
Connect the wallet to a supported exchange - MEXC, BitMart, or PancakeSwap.
Search for the token ticker BIT (ensure the contract address matches the BEP20 token on BSC).
Buy BIT using BNB or USDT, or locate your existing balance from the airdrop.
Navigate to the Biconomy platform, go to the “Rewards” section, and link your wallet to activate fee discounts and voting rights.

After these steps, your BIT will automatically start lowering your trade fees and enable you to vote on upcoming exchange proposals.

Future Outlook - What to Watch

Two signals will shape BIT’s trajectory:

Exchange growth: More users on Biconomy mean higher demand for fee discounts, which could drive BIT’s price up.
Feature rollouts: Any new utility - such as staking for additional rewards or integration with other DeFi protocols - would increase token utility and market interest.

Keep an eye on Biconomy’s official channels for announcements about VIP tier expansions, new token listings, or community‑driven governance proposals.

Did I have to hold MX tokens to receive BIT?

Yes, the primary MEXC Kickstarter airdrop required participants to stake MX tokens between 10 and 500,000 MX during the voting window. The amount of MX locked determined the proportion of BIT each voter received.

Can I still claim the airdrop rewards in 2025?

The original distribution was completed in 2022, so there’s no pending claim. However, you can buy BIT on supported exchanges or earn it through new promotions that Biconomy may launch.

What wallets support BIT?

Any wallet that works with Binance Smart Chain and BEP20 tokens will do - MetaMask (configured for BSC), Trust Wallet, Binance Chain Wallet, and Ledger hardware wallets are all compatible.

How does BIT reduce my trading fees?

Biconomy applies a tiered discount based on the amount of BIT you hold. Larger balances unlock deeper fee reductions, applied automatically when you trade on the platform.

Is BIT listed on other blockchains?

No. BIT is exclusively a BEP20 token on Binance Smart Chain. Cross‑chain bridges are not currently supported, so keep it on BSC‑compatible wallets.

RESPONSES

paul boland
October 21, 2025 AT 08:16

LMAO another crypto scam pretending to be "utility" 😂 Binance Smart Chain? More like Binance Scam Chain. My Irish grandma could make a better token than this. 🇮🇪💥

Sean Hawkins
October 22, 2025 AT 01:37

The real value here isn't the token price-it's the fee discounts and governance. Most people miss that. BIT isn't meant to be flipped, it's meant to be used. If you're holding it for speculation, you're already losing.

Daisy Family
October 22, 2025 AT 03:43

so like... you had to stake mx to get bit? wow. what a shocker. another 'community-driven' airdrop that's just a fancy way to pump mx first. 🤡

Marlie Ledesma
October 23, 2025 AT 02:38

I appreciate how detailed this is. It’s rare to see a crypto guide that doesn’t just say 'HODL' and run. Thanks for explaining the utility clearly.

Niki Burandt
October 23, 2025 AT 04:26

Let’s be real-BIT’s price is a ghost. No volume, no real adoption. They’re just keeping the illusion alive so early holders don’t panic sell. 🤫

rachel terry
October 23, 2025 AT 16:56

BEP20 on BSC? How quaint. If you’re not using Ethereum mainnet you’re basically gambling with a prepaid card at a carnival game

Susan Bari
October 23, 2025 AT 18:52

The fact that people still think airdrops mean free money is honestly sad. This isn't a lottery. It's a loyalty program disguised as a giveaway. You paid for it with your MX. You always pay.

Karen Donahue
October 24, 2025 AT 11:11

I read this whole thing and still don't understand why anyone would care about a token that's worth less than a penny. Like... what's the point? You're telling me I'm supposed to feel empowered because I get a 0.5% discount on trading fees? I could save more by just using a different exchange. This whole thing feels like a marketing brochure written by a bot.

harrison houghton
October 24, 2025 AT 22:16

The real tragedy isn't the token. It's the human cost. People sacrificed liquidity, locked capital, chased phantom governance-all for a token that now trades at 25% below its original peg. We didn't build a community. We built a Ponzi with a whitepaper.

Bert Martin
October 25, 2025 AT 05:18

If you’re holding BIT, just use it. Link your wallet, get the fee discounts, vote on the next listing. Don’t overthink it. The value isn’t in the chart-it’s in the platform.

Ray Dalton
October 25, 2025 AT 09:36

A lot of people don’t realize that BSC’s low fees are why BIT works at all. On Ethereum, the gas costs to claim and use it would eat the discount. BSC made this model viable.

Kyle Waitkunas
October 25, 2025 AT 12:47

They’re lying about the buybacks. I’ve checked the contracts. There’s no on-chain proof they’ve ever bought back a single BIT. It’s all just promises. And now they’ve gone silent since mid-2024? That’s not a roadmap-it’s a graveyard. 🕯️💀

Peter Brask
October 26, 2025 AT 10:43

This is all part of the Fed’s crypto suppression plan. They let these low-value tokens exist so people think crypto is worthless. Meanwhile, the real players are stacking BTC and XMR. BIT? It’s a distraction. 🕵️‍♂️

Trent Mercer
October 27, 2025 AT 03:24

I mean... it’s cute that they think voting rights matter. Who’s voting? The same 300 people who staked 500k MX? That’s not democracy. That’s oligarchy with a blockchain sticker.

Chris Pratt
October 27, 2025 AT 07:18

For those new to BSC: Always double-check the contract address. I lost $200 once because I copied an ERC-20 address by accident. BSC ≠ Ethereum. Simple fix: use Trust Wallet and enable BSC network before sending anything.

Melodye Drake
October 27, 2025 AT 15:37

It’s fascinating how people still cling to these tokenomics like they’re sacred scripture. You traded your liquidity for a digital coupon. Congratulations. You’re now a loyal customer of a platform that doesn’t even update its blog. How noble.

Jason Roland
October 28, 2025 AT 10:21

I know this sounds naive, but what if BIT’s value grows as Biconomy grows? If they add staking, cross-chain bridges, or even a mobile app-this could be the quiet winner. I’m not betting on price. I’m betting on utility. And I’ve seen worse.

DINESH YADAV
October 29, 2025 AT 08:58

You Americans think you invented crypto. We in India have been trading on BSC since 2020. BIT is nothing. Try Zerodha or CoinSwitch. Real platforms. This is just another US-based gimmick with a fancy website.

Paul Kotze
October 29, 2025 AT 22:01

Quick tip: If you already have BIT, go to Biconomy’s Rewards page and connect your wallet. It’s not automatic. I missed my fee discount for 6 months because I assumed it was linked. Took 2 mins to fix. Don’t be like me.

How to Claim the Biconomy BIT Airdrop - Full Campaign Details