Biconomy Price
(BICO)
USD($)
Biconomy (BICO) Live Price Chart
Overview
About
Analysis
FAQ
Biconomy Live Price Data
How do you feel about Biconomy today?
Note: This data is for reference only.
Bullish
Bearish
Biconomy(BICO) Profile
Rank163
BExpand 
Website
Documentation
Explorer
Contract
Ethereum 0xf17e65...6c2
Audited By
--
Investors
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$0.2878
$0.3186
$21.8700
+1.54%
+9.25%
+9.03%
$278.58M
$116,712
881,436,126
1B
About BICO
How can I buy Biconomy (BICO)?
What Is Biconomy (BICO) Crypto?
Biconomy is an advanced multi-chain relayer protocol that focuses on improving and streamlining the user experience on decentralized applications (dApps). It aims to make the often complicated web3 products as user-friendly as the web2 products. Biconomy provides an infrastructure that addresses several obstacles of web3 while simplifying transaction management and gas optimization.
The key features of Biconomy are diverse and targeted. Protocols can engage users without paying gas fees. Users can pay the gas fees in an ERC-20 token of their choice and avoid blockchain complexities that involve a network switch. In addition, transactions are confirmed much faster, thanks to Biconomy.
Using meta-transactions, Biconomy can enable users to transact without gas while a third party takes over the user's transaction fees. With the non-custodial and gas-efficient relayer infrastructure network, Biconomy can offer this on a large scale.
How Does Biconomy Work?
Biconomy implements and uses meta-transactions, allowing users to conduct transactions without gas. This third party takes over the user's transaction fees. A primary goal of the BICO protocol is gas optimization, a process that can help reduce gas costs by up to 40%.
Using its non-custodial relayer infrastructure network, Biconomy can operate on a large scale and enable users to make seamless transactions. It also provides an infrastructure to handle web3 bottlenecks, allowing protocols to engage users without gas fees.
The platform also provides a software development kit that allows developers to add features to their dApp with just a few lines of code. In addition, Biconomy is trustless and non-custodial, which means that users can sign all transactions with their private keys themselves.
History of Biconomy
Biconomy was founded to address the complexities and challenges of blockchain transactions. It provides a non-custodial and gas-efficient relayer infrastructure that allows users to experience simplified transactions on web3 applications. Biconomy has developed several products to enhance the blockchain transaction experience:
Mexa
Mexa is a product offered by Biconomy that enables gasless transactions in decentralized applications (dApps). It supports EIP 2771 Standard Implementation and Custom Implementation, allowing users to connect without paying gas fees.
Forward
Forward is another product by Biconomy that allows users to pay transaction fees with their tokens, a feature not commonly available on the Ethereum blockchain. This feature provides users with more flexibility and convenience in managing their transactions.
Hyphen
Hyphen is a Biconomy product that facilitates faster and less expensive token transfers between different blockchains. It specifically addresses the challenge of transferring funds from Layer 2 to Layer 1 blockchains, making the process instant and cheaper and maintaining liquidity on both ends.
Biconomy (BICO) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0275 | 9.52% |
| 7 Days | $0.0262 | 9.03% |
| 30 Days | $0.1181 | 59.51% |
| 3 Months | $0.0874 | 38.18% |
24H Investment Barometer
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Biconomy Conversion Rate
FAQ
How much is 1 Biconomy (BICO) worth?KuCoin provides real-time USD price updates for Biconomy (BICO). Biconomy price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time BICO to USD exchange rates.
Is Biconomy (BICO) a Good Investment?
There are many reasons why BICO could be a good investment:
Solving Web3 Problems
Biconomy aims to improve the user experience on decentralized applications (DApps) and overcome obstacles such as gas fees, blockchain complexities, and network switches. By solving these problems, Biconomy can significantly improve the usability of DApps and promote wider acceptance of web3 technologies.
Partnerships with Reputable Companies
Biconomy has partnerships with leading companies in the blockchain industry, such as Curve Finance, Perpetual Protocol, Decentral Games, and Sapien Network. These partnerships demonstrate trust and support in the Biconomy protocol and can lead to further growth and broader acceptance.
Scalability and Multi-Chain Support
Biconomy is a multi-chain relayer protocol that enables interoperability between different blockchains. By supporting multiple chains and the protocol’s scalability, Biconomy can appeal to more users and developers, thus building a broader ecosystem.
Technological Innovation
Biconomy uses meta-transactions and a non-custodial relayer infrastructure network to enable gasless transactions and an improved user experience. These technological innovations can help distinguish Biconomy from other projects and promote its success, supporting the price of BICO crypto.
What Is Biconomy Price Prediction?
Although we cannot provide an accurate BICO price prediction over any timeframe, you could monitor the following factors for a better understanding of the price movements and volatility in this token:
Increasing Use of dApps
With the increasing acceptance and use of decentralized applications, the demand for solutions like Biconomy could grow. As more and more users use dApps and benefit from the advantages of the Biconomy protocol, this could lead to a higher need for BICO tokens and positively influence the Biconomy price.
Expansion of the Partner Network
If Biconomy can continue to form partnerships with leading companies in the blockchain industry, this can lead to broader acceptance and integration of the protocol. A growing list of partners and projects using Biconomy could strengthen investor confidence and support development in the BICO to USD price.
Development of New Features and Integrations
The protocol can increase its added value for developers and users by continuously developing and integrating new features into the Biconomy ecosystem. New features that improve scalability, interoperability, and user-friendliness could increase interest in Biconomy and positively influence the $BICO price.
What Is Biconomy’s Tokenomics?
The BICO token is associated with various incentives for stakeholders. Node operators, delegators, and liquidity providers receive unique benefits through $BICO tokens. The total supply of BICO tokens is 1,000,000,000, with a current circulating supply of over 602 million as of July 2023.
Biconomy’s Native Currency
The BICO token is the native cryptocurrency of the Biconomy protocol. It is a staking, exchange, and governance token on the Biconomy blockchain.
Staking BICO on Biconomy
You can stake BICO tokens to earn rewards. Node operators, delegators, and liquidity providers receive rewards for participating in the Biconomy platform.
Governance Token of Biconomy
BICO tokens allow holders to participate in the protocol's governance decisions. Token holders can vote on changes in the code, token circulation, and other essential aspects of the protocol.
How to Stake BICO on Biconomy
Here’s how you can stake BICO tokens on Biconomy to earn rewards:
1. Fund your wallet by buying BICO on KuCoin or other supported platforms and withdrawing your tokens.
2. Visit the Biconomy Staking website and connect your wallet.
3. Select BICO as the token you want to stake.
4. Enter the number of BICO tokens you want to stake.
5. Click the Approve button and confirm the transaction from your wallet.
6. Click Stake to complete the staking process in your wallet.
7. Sit back, earn rewards, and grow your crypto portfolio by staking $BICO on Biconomy.
What is the all-time high price of Biconomy (BICO)?
The all-time high price of Biconomy (BICO) is $21.8700. The current price of BICO is down 0.99% from its all-time high.
What is the all-time low price of Biconomy (BICO)?
The all-time low price of Biconomy (BICO) is $0.1690. The current price of BICO is up 0.87% from its all-time low.
How much Biconomy (BICO) is there in circulation?
As of 11 24, 2024, there is currently 881,436,126 BICO in circulation. BICO has a maximum supply of 1B.
What is the market cap of Biconomy (BICO)?
The current market cap of BICO is $278.58M. It is calculated by multiplying the current supply of BICO by its real-time market price of $278.58M.
How do I store Biconomy (BICO)?
You can securely store your Biconomy in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your BICO include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert DOGS (DOGS) to cash?
You can instantly exchange your DOGS (DOGS) for cash using KuCoin's Fast Trade feature. This feature enables you to convert DOGS to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-11-24 08:40:01 (UTC+8)
24h Volume3,664,165,379USDT