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This name could be perfect for a technology or cryptocurrency organisation.
The name "biiit" has only five characters and three syllables. Examples of popular three syllable names include Toshiba, Armani and Adidas.
Biiit.com is a .com domain. Dot com domains are the most sought after domain extension in the world, used by famous websites like youtube.com. When you own a .com, it is much easier to rank for your own name in search engines.
One suggestion for how this name could sound when used.