Biconomy priceBICO

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BICO price live data

The current price of Biconomy is --, with a 24-hour trading volume of --. In the last 24 hours, the price of Biconomy increased by 2.75%. With a circulating supply of 86,152,354 BICO and a maximum supply of 1,000,000,000 BICO, Biconomy's fully diluted market cap stands at --. Currently, Biconomy ranks No.127 by market cap. The BICO to price is updated in real-time.

Biconomy market information

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86,152,354 BICO
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About Biconomy (BICO)

Biconomy is a blockchain agnostic relayer protocol that makes it easy for people to use decentralized applications. It allows users to execute fast transactions with low gas and send cross-chain messages in real time. BICO is the name and ticker symbol of Biconomy's native utility and governance token.

Biconomy has three core products:

1. Mexa, which enables gasless transactions

2. Forward, which allows users to pay gas fees in ERC-20 tokens

3. Hyphen, which powers instant cross-chain transfers

Its smart contracts are audited by QuantStamp, MixBytes, Certik and Halborn. Biconomy also streamlines the complex onboarding process of dApps by providing plug-and-play SDKs for developers.

Biconomy uses meta transactions that allow them to execute transactions on behalf of the user. First, a user needs to sign a message containing the details of the transaction. Once signed, Biconomy will execute the transaction on the requested blockchain.

The Biconomy multi-chain relayer network currently supports Ethereum, Matic, xDai and Moonriver, among other mainnets. In addition, over 75 dApps have integrated Biconomy's gasless feature, including prominent names like Curve Finance, dYdX, Aavegotchi, Decentral Games, Perpetual Protocol and Sapien Network.

BICO tokens are used to pay network fees on Biconomy and reward network stakeholders, including node operators, delegators and liquidity providers. BICO holders can also participate in the network's governance, such as voting on decisions like changing network code, adding new services and allocation of treasury funds.

BICO price and tokenomics

Biconomy has a total supply of 1 billion BICO tokens. 6% was allocated to their pre-seed round, 6.38% to their seed round and 12% to their private round. Strategic investors received 0.5% of the BICO supply, while 5% was reserved for the public sale.

Of the remaining supply, the Biconomy team and advisors kept 22%. In addition, 10% was reserved for the Foundation and 38.12% was saved for community rewards and incentives.

BICO follows a vesting schedule of up to four years. This will typically impact BICO's price as the tokens are unlocked. In the long run, the performance of BICO charts will depend on the number of dApps using Biconomy's services.

About the founders

Biconomy is co-founded by Ahmed Al-Balaghi (ex-ViewFin), Sachin Tomar (ex-Samsung) and Aniket Jindal (advisor to Matic). The project has 26 full-time staff from across the world.

Biconomy has raised over $20 million. They are backed by leading investors like Coinbase Ventures, Huobi Ventures, True Ventures, Eden Block, Fenbushi Capital and CoinFund, among many others.

Learn more about Biconomy (BICO)

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Biconomy FAQ

What is BICO?
Biconomy is a multi-chain relayer network that simplifies user onboarding for decentralized applications. They do so by offering gasless transactions, instant cross-chain crypto transfers at cheaper rates and real-time cross-chain messaging. BICO is the name and ticker symbol of Biconomy's native utility and governance token.
How does BICO work?

The Biconomy network is powered by a distributed set of nodes, executors and validators. Users have to stake BICO tokens to run validator and executor nodes. In return, they will receive BICO rewards for their services.

Executors run relayer nodes on the network and process meta transactions, while validators verify the work done by executors. As part of Biconomy's services, dApps get a list of eligible executors with their performance and reputation details.

For cross-chain asset transfers, validators track deposited transactions on the source blockchain, verify them and record the cross-chain transfer details in a Biconomy Transaction. Executors then initiate the fund transfer on the destination chain. Moreover, for cross-chain transfers, each supported blockchain will have liquidity pool smart contracts to withdraw and add liquidity.

To facilitate cross-chain smart contract calls, Biconomy deploys Gateway Smart Contract (GSC) on every supported blockchain. Biconomy validators track the transaction requests on the source chain GSC and executors execute the smart contract call on the destination chain via the destination chain GSC.

Where can I buy BICO?

You can buy BICO from OKX exchange. OKX offers the BICO/USDT and BICO/USDC trading pair. Alternatively, you can buy BICO directly with fiat or convert your crypto to BICO.

Before you begin trading with OKX, you need to create an account. To buy BICO with your preferred fiat, click "Buy with card" under "Buy Crypto" on the top navigation bar. To trade BICO/USDT or BICO/USDC, click "Basic Trading" under "Trade". Under the same tab, click "Convert" to convert crypto to BICO.