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Biconomy

Biconomy priceBICO

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BICO
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1 BICO = 0.4328 USD
Last updated 2024-02-20 22:52:16(UTC-0)

Biconomy price live data summary

The live price of Biconomy is $0.4328 per (BICO / USD) today with a current market cap of $281.33M USD. The 24-hour trading volume is $9.46M USD. BICO to USD price is updated in real time. Biconomy is -4.16% in the last 24 hours. It has a circulating supply of 650,067,500 .

What is the highest price of BICO?

BICO has an all-time high (ATH) of $21.87, recorded on 2021-12-02.

What is the lowest price of BICO?

BICO has an all-time low (ATL) of $0.1904, recorded on 2023-09-11.

When is a good time to buy BICO? Should I buy or sell now?

When deciding whether to buy or sell BICO, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget BICO technical analysis can provide you with a reference for trading.
According to the BICO 4h technical analysis, the trading signal is Neutral.
According to the BICO 1d technical analysis, the trading signal is Strong buy.
According to the BICO 1w technical analysis, the trading signal is Buy.

Biconomy price performance in USD

24h7d30d90d1yAll-time
-4.16%+10.39%+6.76%+67.44%-5.44%--

Biconomy price history in USD

TimeLowHigh
24h$0.4085$0.4538
7d$0.3894$0.4707
30d$0.3223$0.4707
90d$0.2539$0.4810
1y$0.1904$0.5168
All-time$0.1904(2023-09-11, 163 days ago )$21.87(2021-12-02, 2 years ago )

Biconomy market information

Market capCombinedShapeIcon
$281,326,072.56
-4.16%
Fully diluted market capCombinedShapeIcon
$432,764,368.22
-4.16%
Volume (24h)CombinedShapeIcon
$9,463,193.86
+19.15%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+65.00%
24h volume / market capCombinedShapeIcon
0.0336
Circulating supplyCombinedShapeIcon
650,067,500 BICO
Total supply / Max supplyCombinedShapeIcon
1,000,000,000 BICO
-- BICO
ICO price
$0.2500 ICO details
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Biconomy ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

About Biconomy(BICO)

What Is Biconomy?

Founded in 2019, Biconomy is a multi-chain, plug-and-play relayer protocol designed to streamline transaction management, gas payments, and bridge functionalities for Web 3.0 applications. As a noncustodial infrastructure, it alleviates the concerns of network switching during transactions, fostering a seamless user experience. Biconomy aims to simplify the transaction journey, making Web 3.0 products as intuitive as their Web 2.0 counterparts. By addressing critical issues at the crypto transaction layer, it aspires to drive mass adoption of decentralized projects.

Developers are increasingly leveraging Biconomy's multi-chain stack to enhance user experiences in decentralized finance (DeFi), gaming, non-fungible tokens (NFTs), and more. The platform offers developers robust SDKs and APIs, facilitating the creation of decentralized apps (DApps) with customized transaction pathways. This initiative ensures users don't have to grapple with the complexities traditionally associated with blockchain">blockchain technology.

Resources

Official Documents: https://biconomy.gitbook.io/sdk/introduction/overview

Official Website: https://www.biconomy.io/

How Does Biconomy Work?

Biconomy operates through a decentralized relayer network, utilizing "executors" and "validators" to manage its infrastructure. Executors run relayer nodes, handling meta-transactions and paying the necessary gas fees to add transactions to the blockchain. They are compensated in the native blockchain currency and receive a premium fee from each transaction. Validators, on the other hand, secure the network by verifying the transactions executed by the executors, who are also rewarded in BICO tokens by Biconomy.

The platform introduces several features to address existing issues in the blockchain space, including multi-chain meta-transactions and cross-chain asset transfers. These functionalities are facilitated through a network of validators and executors, enhancing the efficiency and speed of transactions across various chains.

Furthermore, Biconomy has introduced products like Gasless and Hyphen to improve user experiences. Gasless enables DApps to process meta-transactions, allowing developers to sponsor gas fees on behalf of their users, thus offering a "gasless" experience on the frontend. Hyphen, on the other hand, serves as a cross-chain protocol, providing network-agnostic APIs for seamless token transfers between Ethereum and various layers.

What Is BICO Token?

BICO is the native token of the Biconomy infrastructure, playing a pivotal role in network fees, governance, and incentivizing participants. As an ERC20 token minted on the Ethereum blockchain, it has a capped supply of 1 billion tokens. BICO serves as the verification and settlement layer for all activities on the network, with network fees paid in BICO by executors and validators. Moreover, it facilitates stakeholder incentives and community governance, allowing token holders to propose and vote on critical issues influencing the protocol's future.

Biconomy's Impact on Finance

Biconomy is carving out a niche in the burgeoning Web 3.0 landscape, offering solutions that potentially revolutionize the financial sector. By mitigating the challenges associated with crypto transactions, it promises to enhance user experiences, lower transaction costs, and foster higher adoption rates. Its initiatives in facilitating gasless transactions and instant cross-chain transfers are setting the stage for a simplified, multi-chain experience that could alleviate current blockchain bottlenecks.

Furthermore, Biconomy's partnerships with platforms like Decentraland have demonstrated its capacity to save users significant amounts in gas fees, fostering increased user activity and engagement. As it continues to onboard new partners and scale transactions, Biconomy stands as a promising player in the transition towards a more cost-effective and user-friendly Web 3.0.

What Determines Biconomy's Price?

In the dynamic world of cryptocurrency markets, understanding the factors that influence the Biconomy price is crucial for both investors and enthusiasts. Like many digital assets in the blockchain ecosystem, the price of Biconomy's native token, BICO, is influenced by a myriad of factors, ranging from market demand to the broader trends in the cryptocurrency space. As a pivotal player in the Web 3.0 landscape, Biconomy's valuation is closely tied to its technological advancements and the adoption rate of its innovative solutions in the decentralized application (dApp) sector.

Market sentiment is a significant determinant of the Biconomy price, often swayed by news, social media discourse, and developments within the blockchain industry. Investors keen on Biconomy should keep a close eye on the project's roadmap, partnerships, and community engagement, as these aspects can potentially fuel positive sentiment and drive up the token's value. Furthermore, the utility and functionality of the BICO token within the Biconomy ecosystem play a vital role in its valuation. As the token facilitates network governance and transactions, its intrinsic value is closely linked to the network's growth and user adoption rate.

Another critical factor influencing the Biconomy price is the macroeconomic environment encompassing the cryptocurrency market. Fluctuations in Bitcoin and Ethereum prices, regulatory developments, and global economic conditions can have a ripple effect on BICO's valuation. Moreover, the supply and demand dynamics in cryptocurrency exchanges where BICO is listed such as Bitget can significantly impact its price. Investors and traders are advised to conduct thorough research and analysis, considering both fundamental and technical aspects, to gauge the potential price movements of BICO in the blockchain market. As Biconomy continues to forge partnerships and expand its footprint in the decentralized finance (DeFi) space, it remains a project to watch in the evolving narrative of blockchain technology and cryptocurrency price trends.

Trade BICO perpetual futures

After having successfully signed up on Bitget and purchased USDT or BICO tokens, you can start trading derivatives, including BICO futures and margin trading to increase your income.

The current price of BICO is $0.4328, with a 24h price change of -4.16%. Traders can profit by either going long or short onBICO futures.

Join BICO copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or BICO tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Biconomy.

What is the current price of Biconomy?

We update our Biconomy to USD price in real time. Get the live Price of Biconomy on Bitget.

What is the 24 hour trading volume of Biconomy?

Over the last 24 hours, the trading volume of Biconomy is $9.46M.

What is the all-time high of Biconomy?

The all-time high of Biconomy is $21.87. This all-time high is highest price for Biconomy since it was launched.

Can I buy Biconomy on Bitget?

Yes, Biconomy is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Biconomy?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Biconomy with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Biconomy?

Biconomy is an advanced multi-chain relayer protocol that aims to enhance the user experience in decentralized applications (dApps) within the web3 ecosystem. It simplifies web3 products, making them as user-friendly as web2 counterparts, addressing obstacles, and optimizing gas usage. Biconomy allows users to pay gas fees in their preferred ERC-20 token and accelerates transaction confirmation through meta-transactions. This protocol operates non-custodially and trustlessly, enabling third-party coverage of transaction fees while users retain control. Biconomy's primary use case is to streamline and improve the usability of web3 applications, offering gas optimization and facilitating engagement with decentralized protocols and services without direct gas fee payments.

Is Biconomy a good investment?

Biconomy (BICO) presents a compelling investment opportunity for several reasons. It addresses key issues in the web3 ecosystem, including gas fees and blockchain complexities, thereby enhancing the user experience for decentralized applications (DApps). Furthermore, Biconomy has established partnerships with renowned blockchain companies, signaling trust and potential growth. As a multi-chain relayer protocol, it offers scalability and interoperability across different blockchains, attracting a broader user and developer base. Biconomy's innovative use of meta-transactions and non-custodial infrastructure sets it apart, positioning BICO for success and potentially driving its value in the market.

What is Biconomy price prediction?

While providing an exact Biconomy (BICO) price prediction is challenging, monitoring key factors can aid in understanding price movements: - Increasing dApp Use: The rising adoption of decentralized applications can boost demand for Biconomy as users seek user-friendly solutions, potentially influencing BICO's price positively. - Expansion of Partnerships: Biconomy's partnerships with prominent blockchain companies can enhance acceptance and usage. More partnerships may boost investor confidence and contribute to BICO's development and price growth. - Ongoing Development: Continual development and integration of new features, particularly those improving scalability, interoperability, and user experience, can attract interest in Biconomy and potentially impact its price.

How are the tokens distributed?

The BICO token serves multiple purposes within the Biconomy ecosystem. It is the native cryptocurrency, used for staking, exchange, and governance on the Biconomy blockchain. Stakeholders, including node operators, delegators, and liquidity providers, can earn rewards by staking BICO tokens. Additionally, BICO holders have the opportunity to participate in governance decisions, enabling them to vote on critical protocol changes, token circulation, and other important aspects of the platform. With a total supply of 1,000,000,000 tokens and over 602 million in circulation as of July 2023, BICO plays a central role in the Biconomy ecosystem.

What is the history of Biconomy?

Biconomy was established to simplify and streamline blockchain transactions, offering a non-custodial and gas-efficient relayer infrastructure for web3 applications. The company has developed key products to enhance the transaction experience: - Mexa: Enables gasless transactions in decentralized applications (dApps) by supporting EIP 2771 Standard Implementation and Custom Implementation, eliminating the need for users to pay gas fees. - Forward: Allows users to pay transaction fees with their tokens, offering flexibility and convenience not typically available on Ethereum. - Hyphen: Facilitates faster and more cost-effective token transfers between different blockchains, specifically addressing Layer 2 to Layer 1 transfers, ensuring instant and economical transactions while maintaining liquidity.

Is Biconomy safe?

Biconomy prioritizes security by employing a non-custodial and trustless approach to transactions. Users' transactions are signed with their private keys and encrypted data, making it impossible for Biconomy to alter the information relayed. Signature verification at the contract level ensures data integrity. Currently, Biconomy operates with a semi-centralized model for enhanced security but is moving toward full decentralization. Compared to other solutions like Polygon's Gas Station Network (GSN), Biconomy offers advantages in reducing gas fees and enhancing the user experience. However, users should exercise caution and conduct due diligence in the crypto space despite Biconomy's security measures.
Cryptocurrency investments, including buying Biconomy online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Biconomy, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Biconomy purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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BICO is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support BICO trades.
You can trade BICO on Bitget.

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