BIT is a decentralized digital asset based on the Binance Smart Chain and is BEP20 compliant. The BIT Token is created for the benefit of the community, with Biconomy ensuring favorable terms and commissions for token transfers. The value of BIT partly depends on the reputation of the Biconomy crypto exchange, though other factors also influence it. The creation of the BIT token aimed to encourage greater participation in the exchange, allowing the international community to freely engage in its activities and receive bonuses. One key function of the token is to lower trading fees on the exchange, which are typically paid from users' wallets. Additionally, BIT can be used to purchase monthly VIP plans for discounts, vote on exchange decisions, earn rewards from seasonal buybacks, and gain ...
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