The current price of Biconomy is $0.27600. Since 00:00 UTC, Biconomy has increased by +0.36%. It currently has a circulating supply of 915,206,355 BICO and a maximum supply of 1,000,000,000 BICO, giving it a fully diluted market cap of $253.79M. At present, the Biconomy coin holds the 0 position in market cap rankings. The Biconomy/USD price is updated in real-time.
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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 real-time cross-chain messages. BICO is the name and ticker symbol of Biconomy's native utility and governance token.
Biconomy has three core products:
Mexa, which enables gasless transactions.
Forward, which allows users to pay gas fees in ERC-20 tokens.
Hyphen, which powers instant cross-chain transfers.
Biconomy uses meta transactions that allow them to execute trades on behalf of the user. First, a user needs to sign a message containing the transaction details. 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 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 by voting on decisions like changing network code, adding new services, and allocating 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 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, who was previously associated with ViewFin, Sachin Tomar, who has a background with Samsung, and Aniket Jindal, an advisor to Matic. The project is supported by a team of 26 full-time staff from various parts of the world.
Biconomy has successfully raised over $20 million in funding and enjoys the backing of prominent investors like Coinbase Ventures, Huobi Ventures, True Ventures, Eden Block, Fenbushi Capital, and CoinFund, among others.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 689 new posts about Biconomy, driven by 99 contributors, and total online engagement reached 140K social interactions. The sentiment score for Biconomy currently stands at 86%. Compared to all cryptocurrencies, post volume for Biconomy currently ranks at 3252. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Biconomy.
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Posts
689
Contributors
99
Interactions
139,726
Sentiment
86%
Volume rank
#3252
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Posts
622
Interactions
137,509
Sentiment
87%
BICO FAQ
What is BICO?
Biconomy is a multi-chain relayer network that simplifies user onboarding for decentralized applications. They offer gasless transactions, instant cross-chain crypto transfers, and real-time cross-chain messaging at cheaper rates. BICO is the name and ticker symbol of Biconomy's native utility and governance token.
How does BICO work?
A distributed set of nodes, executors, and validators powers the Biconomy network. 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.
Biconomy deploys Gateway Smart Contract (GSC) on every supported blockchain to facilitate cross-chain smart contract calls. 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.
What is the BICO price prediction?
While it’s challenging to predict the exact future price of BICO, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is Biconomy worth today?
Currently, one Biconomy is worth $0.27600. For answers and insight into Biconomy's price action, you're in the right place. Explore the latest Biconomy charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Biconomy, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Biconomy have been created as well.
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