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Biconomy is now listed Cryptology!

December 13, 2023
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Buy, sell and trade BICO
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📈 Spot trading of BICO/USDT [Hyperlink] is live

What is Biconomy?

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Biconomy makes onboarding new users to Web3 seamless and smooth. Providing effortless UX for dApps and wallets, Biconomy helps improve user adoption and retention.

It aims to solve issues faced with onboarding in Web3 through providing infrastructure for developers. Some of the issues Biconomy solves are:

  • New users have to pay gas fees.
  • Blockchain complexities.
  • Faster transactions.

Gas fees and transaction speeds are often overlooked, especially as blockchain networks look to onboard new users. Biconomy uses meta transactions that use third parties to cover transaction fees. 

Currently on Biconomy there are four main products:

  1. Modular smart accounts - creates better UX with additional plugins.
  2. Paymaster service - provides flexible payment options.
  3. Bundler service - execute smart contract transactions.
  4. Gasless SDK - allows you to set up meta transactions to offload fees.

Onboard the next generation of Web3 and blockchain users with Biconomy!

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The Biconomy token

The native token of Biconomy is BICO. 

Users who hold BICO can stake and validate on the network. Rewards earnt are paid out in BICO tokens. 

It is also used as a governance token within the community allowing you to have a say in future developments of the protocol. 

Transaction fees on Biconomy are paid for with BICO. This allows information from smart contracts and the transactions to be added to the blockchain.

Token distribution:

  • 38.12% - Community 
  • 10% - Foundation
  • 22% - Team and advisors
  • 6% - Pre-seed round
  • 6.38% - Seed round
  • 12% - Private round
  • 0.5% - Strategic investors
  • 5% - Public sale

BICO’s market stats:

  • Current market cap: $200,263,425
  • Circulating supply: 586,593,606 BICO
  • Max supply: N/A
  • Twitter: 99,990 followers 

Trade BICO

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.