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Biconomy

BICO

  • Infra
  • Dev Platform
Established Year
2019
Operating Status
Active
Ecosystem
EthereumBNB ChainPolygonAvalancheArbitrumOptimismScrollGnosis ChainAstarBerachainCore DAOBaseLineaMantleopBNBMantaChilizZetaChainBlast
Biconomy is the multi-chain transaction infrastructure for next-generation web3.0 applications. Its powerful and easy-to-use APIs enable gasless meta-transactions, instant cross-chain transfers, gas payment in custom tokens, easy layer 2 onboarding, and zero failed transactions. By solving these key pain points at the crypto transactional layer, Biconomy is on a mission to simplify Web 3 experiences, driving mass adoption.

Organisation

Financial Portfolio

Funding

Strategic
10 Investors
N/A

Investment

Polygen
Polygen
Seed
$2.3 M
DeFi11
DeFi11
N/A
$3.5 M

Crypto Holdings

Current Holdings Count
2
Total Value
$ 12.98 M
Last Activity
219524.108 USDT
0xdb21be817375139e7645e61b722d9f1f5001224c41761b11844b5e9775357a7a
Holding Token
Current Price
Total Held
Total Value
$0.130520774651
0.03%
95380077$ 12.45 M
$0.928827937463
0.14%
575000$ 534.08 K

Frequently Asked Questions

What Is Biconomy (BICO)?

[Biconomy](https://www.coinlive.com/coin/biconomyico/) is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications ([DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks: * Protocols can onboard users without paying [gas](https://coinmarketcap.com/alexandria/glossary/gas) fees. * Users can pay gas in an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token of their choice. * Users avoid blockchain complexities like a change of network. * Transactions are confirmed much faster. In short, Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve that, the protocol utilizes meta transactions, allowing users to submit a transaction with zero gas and having a third party pay for the transaction fees for the user. By providing a non-custodial and gas-efficient relayer infrastructure network, Biconomy is able to do this at scale.