BICONOMY EXCHANGE AMA WITH CEO April 12th, 2022 — BIT Token Listing on MEXC🚀🔥

4 min readApr 12, 2022

Dear Biconomy Community,

On 12 April 2022. Our CEO Hosted an Ama with our Community People.
But Most of You Missed The Live, so We published a video on YouTube
https://www.youtube.com/watch?v=qMr4PDarwSU&t=1039s
and Also Here is a Short Summary In-text For you Guys.

1. BIT Token Listing In MEXC Global Crypto Exchange

On 09 April Our Native Exchange Token $BIT was Listed on MEXC Global Exchange.
Currently, MEXC is standing on the Top 20 Exchanges according to Coinmarketcap. So it’s a Huge movement For our Bit Token. In MEXC, BIT has been listed in BIT1/USDT Ticker.

For your kind of information,
MEXC already has BIT Dao Project whose ticker is $BIT.
So to avoid Confusion, Biconomy Exchange Token $BIT is Listed with BIT1 symbol and with BIT1/USDT Pair. Please pay special attention to this.
Also, MEXC Exchange Launched MEXC Defi for BIT.
More info👉
http://bit.ly/3JlQj8J

Kind reminder, while depositing and withdrawing BIT in MEXC you have to pay the 6% transaction taxes.
All on-chain transactions with BIT in BSC have a 6% tax by our tokenomics model. This 6% Tax goes for the BIT Token burning, which helps to grow BIT value on the market.

And of course, during Trading BIT on MEXC, You Don’t Have to Pay Any Taxes.

Trade BIT on Mexc👉

https://m.mexc.com/auth/signup?inviteCode=1NuyY
https://www.mexc.com/exchange/BIT1_USDT

2. BIT TOKEN BURNING AND DEFLATIONARY MODEL UPDATE

As You Guys Know, Last Month We Launched BIT DAO to Develop Our Ecosystem with Users Voting.
And On This Section — Our Community Voted to Remove The 2% Reflection to Speed up the Burning.
So for Now our Smart Contract Changed, User Has to Pay a 6% Transaction Fee During Every Transaction which will be Burned to reduce the Supply Of BIT.
Please keep this in mind and this model was created specifically to increase the value and significance of our BIT token.

3. BIT DAO UPDATE AND DETAILS

Last Month we Launched our Great Product Called #BITDAO.
And we wanna let You Know, You guys can Submit Your Proposal at Any Time and If your Proposal Got passed we can Work On Your Following Proposal As well. By the ways, Proposal Subject Must Have to Be Related To Our Exchange and Products. If we see Any potential in your Proposal we will Accept it as well.

Submit Your Proposal 👉
https://www.biconomy.com/dao

4. KYB UPDATE

There are many institutional traders, companies who want to become P2P merchants and want to invest in our products. We want to inform you guys that you can now join our KYB (Know Your Business) program and register a corporate account.
Such accounts will have special individual conditions for commissions, special offers for other products and services of the exchange.
This new KYB functionality will allow the Biconomi exchange and the BIT token to develop even faster.

Apply For KYB 👉
https://www.biconomy.com/user-center/security/certification

5. KYC BONUS DISTRIBUTION UPDATE

We Recently Launched an Activity Program that, New User Can Earn Sign Up Reward By Verify Their Account. More Than 10K New Verified Users We got on this Event. And We are glad To Announce That, The Sign Up Bonus Has been Distributed to more than 1500 new users, who have fulfilled all the conditions and passed our KYC and AML check.

More Details about KYC Distribution 👉
https://biconomy.zendesk.com/hc/en-us/articles/5263099892377

Don’t have an account?
Sign Up🔥
https://www.biconomy.com/sign-up?r_user_id=HGQ404W9M

Registration Guide👉
https://youtu.be/LO2PKH3GjLQ

KYC Guide👉
https://youtu.be/WO6DwPMFH7Y

6. STAKING & MOBILE APPLICATION DEVELOPMENT UPDATE

Most Of You Guys Asked this Question Many Times When does The Next Staking Will start.
We have some massive thing in development now — WEALTH MANAGEMENT PRODUCTS, so you will able to stake BIT and many other top coins.
When we will Launch the Staking we will inform You Guys About this on Our Telegram, Twitter, and Other Social Platform As well.
So please Be active In Our Social Media.

And About Application Development, It’s a Hard Process. So it’s under constantly updating, we have new app updates each week. As you can see we already changed many things in the app. And from time to time we will do more things. Please don’t forget to update your app in time to see new things and benefits.

Please stay with us🔥
Thanks🙏

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https://apps.apple.com/app/biconomy/id1486151349