BIT Airdrop Details: How Biconomy Exchange Token Distributed 2.4 Billion Tokens in 2022

The BIT token airdrop wasn’t just another crypto giveaway-it was a carefully engineered move to turn users into stakeholders. Launched in April 2022 by Biconomy Exchange, the campaign handed out 2.4 billion BIT tokens across two major channels: MEXC Kickstarter and PancakeSwap. This wasn’t about free tokens for signing up. It was about rewarding active participation, locking in loyalty, and building a community that had skin in the game.

How the MEXC Kickstarter Airdrop Worked

The biggest chunk of BIT tokens-1.6 billion-went to users who voted on the MEXC Kickstarter platform. The voting window was short: just under 9 hours, from April 9, 2022, at 02:00 UTC to 10:50 UTC. To qualify, you had to stake MX tokens-the native token of MEXC. You couldn’t just throw in a few coins. The minimum was 10 MX, and the max was 500,000 MX. That meant everyday users could join, but serious participants had a bigger shot at rewards.

Here’s the key: your reward wasn’t fixed. It was proportional. The more MX you staked, the more votes you cast. And the more votes you cast, the more BIT you earned. There was no cap per person, so someone staking 500,000 MX could earn far more than someone staking 10 MX. But even the smallest stakers got something. That fairness kept the community engaged.

The staked MX tokens were locked during the voting period. No withdrawing. No swapping. Just locked. Then, within one hour after voting ended, they were automatically released back to your wallet. No delays. No surprises. That transparency built trust.

The reference price? $0.00001355 USDT. That meant every BIT token you earned was valued at that rate at launch. It wasn’t arbitrary-it gave everyone a clear benchmark.

The Affiliate Bonus: 800 Million Tokens for Top Referrers

Biconomy didn’t stop at voting. They added another layer: affiliates. An extra 800 million BIT tokens were reserved for the top 500 users who brought in the most new participants. This wasn’t just a referral program. It was a leaderboard. The top referrer got the biggest slice. The 500th got something, but way less. It turned community growth into a competitive race-and it worked. The campaign drove real traffic to MEXC, not just fake accounts.

This dual structure-voting + referral-was smart. It didn’t just distribute tokens. It created two kinds of stakeholders: those who believed in the token’s future (voters) and those who actively expanded its reach (referrers).

Decentralized Reach: The PancakeSwap Bonus

While MEXC handled the centralized side, Biconomy also pushed BIT onto decentralized platforms. In the same period, a $50,000 BIT token distribution happened through PancakeSwap. This wasn’t a big airdrop in terms of token volume, but it was strategically important. It meant BIT wasn’t just a MEXC coin-it was a DeFi token too.

Users could trade BIT on PancakeSwap alongside other popular tokens like BNB and CAKE. That gave it legitimacy outside of centralized exchanges. It also meant users didn’t need to sign up for MEXC to hold BIT. That’s critical for adoption in the DeFi world.

What BIT Tokens Actually Do

A lot of airdrop tokens vanish after the hype. BIT didn’t. It was built with real utility inside the Biconomy Exchange ecosystem:

• Trading fee discounts: Holders pay less on every trade. The more BIT you hold, the bigger the discount.
• VIP status access: You can use BIT to buy monthly VIP plans that reduce fees even further.
• Voting rights: Holders get to vote on platform changes-new trading pairs, fee structures, even listing decisions.
• Seasonal buybacks: Biconomy periodically buys back BIT from the market using a portion of trading fees and burns them. That reduces supply and can push price up.
• Early access: Token holders get first dibs on new token listings and exclusive events.

This isn’t a “pay-to-play” token. It’s a “participate-and-benefit” token. You don’t need to be a whale to get value. Even small holders benefit from fee discounts and voting power.

Where BIT Stands Today

As of November 2025, BIT trades at around $0.000010 USD. That’s a small drop from its $0.00001355 launch price-but not a crash. The daily trading volume stays steady at $655,203 USD. That’s not Bitcoin-level liquidity, but for a token with this history, it’s healthy.

BIT is listed on three exchanges: MEXC, Gate.io, and Bitrue. There are five trading pairs, including BIT/USDT, BIT/BTC, and BIT/BNB. That’s enough to keep it liquid without overextending.

The market cap? Tiny-under $250,000. But that’s expected. With 2.4 billion tokens in circulation, the price has to be low to keep it accessible. That’s not a flaw-it’s a design choice.

Here’s the catch: there’s been almost no public development activity since mid-2024. No new whitepapers. No roadmap updates. No major exchange listings. CoinMarketCap’s AI analysis from August 2025 noted zero significant news. That doesn’t mean BIT is dead. It means it’s in maintenance mode.

Biconomy Exchange is still operating. BIT still works for fees and voting. But if you’re holding it hoping for a moonshot, you might be disappointed. The value now comes from utility, not speculation.

Is BIT Worth Holding Now?

If you’re already holding BIT, keep it if you use Biconomy Exchange. The fee discounts add up. If you trade often, even a 10% discount on $10,000 in monthly volume saves you $1,000. That’s real money.

If you’re thinking of buying now? Only if you plan to use it. Don’t buy it as an investment. The token’s value is tied to the exchange’s performance. If Biconomy grows, BIT grows. If it stagnates, so does BIT.

The airdrop was a success. It built a loyal user base. But the hard part isn’t giving away tokens-it’s keeping them valuable. So far, Biconomy has kept the lights on. Whether they’ll rebuild momentum is still open.

What Happened After the Airdrop?

After the April 2022 campaign, Biconomy didn’t launch another major airdrop. That’s telling. They didn’t need to. The initial distribution created enough user depth to sustain the ecosystem. The token’s utility kept people engaged. The referral program kept growth going. The voting system gave users a sense of ownership.

No major hacks. No team exits. No sudden token dumps. That’s rare in crypto. Most airdrops end in chaos. BIT’s aftermath was quiet-and that’s a win.

Final Takeaway

The BIT airdrop wasn’t flashy. It didn’t promise moon missions. It offered something better: real, repeatable value. If you used the exchange, you saved money. If you brought friends, you earned more. If you held, you had a voice.

Today, BIT isn’t trending. But it’s still working. And in crypto, that’s more than most tokens can say.