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Biconomy Exchange Native BIT Token Announces Burning and the Payment of Dividends to Holders

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Ottawa, Ontario–(Newsfile Corp. – February 8, 2022) – BIT Token announces a burn and payment of dividends to holders. The Biconomy Exchange is a Canadian-registered digital asset exchange that has been on the market since 2019. The exchange has a SMB license for the US and Canadian markets, headquarters in Ottawa, with offices in the UK, South Korea, Japan, and Russia. The exchange has more than 300k registered users and more than 200k active members of the community. In September 2021, to implement a new round of development, the exchange launched its native BIT token, which serves as a tool to attract the community, new users of the exchange, and also provides unique rights and bonuses for BIT token holders.

On January 31, 2022, the first manual burning of BIT tokens took place, the plan of which is written in the whitepaper of the token. According to it, every quarter the exchange will spend 50% of the profits from commissions on the redemption and burning of its own token. As a result of the first burn, 2% of the total number of tokens were burned, and the amount of burning was 20 Billion tokens – in the amount of $600,000 at the token exchange rate at the time of burning.

The BIT token is a unique exchange token, in its architecture it also has a deflationary model – according to it, there is a 6% tax, 4% goes to burning, and 2% is distributed to all wallets. As a result, more than 20% of the total number of tokens have already been burned using this model in 5 months. Manual burning of BIT tokens also has a positive effect on the economic model of the token and its development.

In addition, the uniqueness of the Biconomy exchange lies in the fact that it pays dividends in USDT to holders of its native BIT token. On February 7, these dividends were paid out and all users who stored BIT tokens on the exchange received + 5% profit in USDT to the amount of their BIT tokens in hold. These dividends are also paid out of the profits of the exchange and also quarterly.

https://coinmarketcap.com/currencies/biconomy-token/
https://coinmarketcap.com/exchanges/biconomy/

Media Contact

Diane Magince
[email protected]

Disclaimer – This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. SurgeSocials is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113147

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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