#### What is Biceps? Biceps (BICS) is a decentralized and deflationary [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) that aims to reward its holders with [Bitcoin](https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin). It operates on the Binance Smart Chain and is designed to create a passive income stream for its holders. Biceps is often referred to as "The easy Bitcoin miner" due to its unique mechanism of rewarding holders. The [tokenomics](https://www.coinbase.com/learn/wallet/tokenomics-101) of Biceps are designed to be deflationary, with a percentage of every transaction being burned, thereby reducing the total supply and increasing its scarcity. #### How does Biceps work? Biceps operates on a unique mechanism where every transaction triggers a burn of a certain percentage of the amount, which reduces the total supply and increases the scarcity of the token. Additionally, a percentage of every transaction is redistributed to all Biceps holders in Bitcoin, creating a passive income stream for them. This mechanism is designed to incentivize holding and trading of Biceps [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token). The token also has a tax system in place, with a total tax of 4.9% on buy/sell transactions and no tax on transfers. #### What are the potential use cases for Biceps? Biceps aims to provide a simple and accessible way for individuals to gain exposure to Bitcoin. By holding Biceps, users can potentially earn Bitcoin passively from every buy and sell transaction. This makes Biceps a potential choice for those seeking to diversify their cryptocurrency portfolio and earn passive income. Furthermore, Biceps seeks to contribute to the cryptocurrency ecosystem by reducing its total supply through a deflationary mechanism, thereby increasing its scarcity and potentially its value. #### What is the history of Biceps? Biceps was launched on the Binance Smart Chain, a [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) network known for its fast transaction times and low fees. The project has outlined a roadmap that includes various phases of development and growth. Initial phases included the launch on [Pancakeswap](https://www.coinbase.com/how-to-buy/pancakeswap), building social media presence, locking [liquidity](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/liquidity-), and renouncing contract ownership. Future phases aim to include marketing campaigns, partnerships, listings, and further token burns. The project's strong tokenomics and unique reward mechanism have been designed to make it an attractive option for cryptocurrency enthusiasts.