Ethereum
0.0000188
$ 0.455
$ 0.392
Socials
Period | Change | Change (%) | High | Low |
---|---|---|---|---|
24H | $ 0.035 | +8.78% | $ 0.455 | $ 0.392 |
7D | $ 0.0628 | +17% | $ 0.455 | $ 0.343 |
14D | $ 0.106 | +32.3% | $ 0.455 | $ 0.303 |
1M | $ 0.164 | +60.6% | $ 0.455 | $ 0.266 |
3M | $ 0.0309 | +7.68% | $ 0.473 | $ 0.256 |
6M | -$ 0.184 | -29.8% | $ 0.759 | $ 0.256 |
YTD | $ 0.164 | +60.6% | $ 0.455 | $ 0.266 |
1Y | -$ 1.70 | -79.6% | $ 2.65 | $ 0.256 |
Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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Biconomy provides plug-n-play APIs to make web3.0 user-friendly & frictionless.
Biconomy is on a mission to make the decentralized web accessible to everyone. They are the missing piece to crypto adoption for onboarding the next billion. Our APIs & SDKs transform any dAapp to become usable for anyone regardless of their crypto knowledge and experience. Biconomy multi-chain relayer infrastructure processes almost 50K daily transactions for 40+ DApps to ensure all the benefits of web3.0 come with the intuitiveness of web2.0.
Every interaction with a dApp is a blockchain transaction, and blockchain transactions are complicated. Users have to be proficient with crypto wallets, deal with gas, actively manage each transaction, move funds across various chains and much more. Even then, they face a broken experience fraught with long wait times and failed transactions. This is specially daunting for crypto newbies who face a steep learning curve just to get started.
The mainstream user doesn’t want to deal with these blockchain headaches. They expect the Dapp to deal with gas, transaction management, bridges and everything else under the hood.
That’s where Biconomy comes in. Biconomy provides a simple & quick way for Dapps to abstract away these complexities from their users.
With Biconomy, users get a simple multi-chain experience where they connect their wallet to any dApp, instantly access their funds on any chain or L2/rollup, and enjoy a completely gasless experience.
Biconomy enables this superior experience though powerful features:
The future of the internet is decentralized, and Biconomy is a critical infrastructure on which it will stand. We make web3.0 more usable, interoperable & composable.
Biconomy magic sauce is multi-chain meta-transactions! Essentially, meta-transactions let our multi-chain relayer execute the transaction on behalf of the user. Thus, the user just needs to state what they want and then the decentralized protocol manages the transaction on their behalf on any required destination chain.
The transaction will be managed and processed by a decentralized multi-chain relayer network. The settlement and verification will be done on Biconomy’s own blockchain. The network incentivizes (and punishes) the nodes depending on their work for the network. The relayer network will consist of node operators that will perform two main roles:
Validators: The validators listen to and verify the transaction request from the user. Once a decentralized network of validators reaches consensus, this information is added to the next block in the Biconomy chain.
Executors: The executors listen to the Biconomy chain for incoming requests and execute the transactions on the required destination chain. They manage the transactions to complete the user’s request.
The relayer protocol also maintains liquidity pools for all supported tokens on every supported chain to fund the transactions (such as cross-chain transfers) on behalf of the user. The executors implement a threshold signature scheme to distribute the key which has access to the funds on Liquidity Pool and they can use these funds to complete the transactions (such as cross-chain transfers). This liquidity can be provided by multiple liquidity providers.
$BICO is the native work & governance token of our multi-chain relayer infrastructure. It plays a key role in decentralizing the network by acting as the network fees, incentivizing all stakeholders to secure and maintain the network, and participating in the network’s governance. There are in total 1 billion $BICO tokens in supply.
Network fees: $BICO serves as the common medium of exchange within the network. The node operators earn $BICO proportional to the work they perform on the network. The applications that use the protocol pay the network for the service. These fees can be automatically swapped into $BICO before the rewards are distributed to Biconomy node operators.
Stakeholder incentives:
Governance:
$BICO holders can propose and vote upon decisions affecting Biconomy’s protocol and overall Network. Such decisions can include changes to the Network’s code, adding additional services, or decisions regarding the disbursement of its treasury funds. Any $BICO holder can submit a proposal for consideration by the wider Biconomy community. We want to move towards community-led growth and self-sustainability.
There are multiple ways to contribute to the Biconomy network:
Consumers: The consumers are web3.0 projects that use Biconomy’s services. They pay the network proportional to the amount of work requested.
Biconomy's current price is $ 0.433, it has increased +8.78% over the past 24 hours.
Biconomy's All Time High (ATH) of $ 20.90 was reached on 2 Dec 2021, and is currently -97.9% down.
The current circulating supply of Biconomy is 456.98 Million tokens, and the maximum supply of Biconomy is 1.00 Billion.
Biconomy’s 24 hour trading volume is $ 13.64 Million.
Biconomy's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 198.03 Million.