Buy Biconomy (BICO)
What is Biconomy?
Biconomy is a multi-chain relayer protocol designed to enhance user interaction with decentralised applications (dApps) by streamlining Web3 transactions, reducing gas fees, and improving dApp usability. It aims to simplify the user experience by removing blockchain complexities and enabling gasless transactions.
How does Biconomy work?
Biconomy operates by using account abstraction and meta-transactions to simplify blockchain interactions. It supports multiple blockchains, providing seamless integration and cross-chain transactions. The platform uses a Proof of Stake (PoS) consensus mechanism, where node operators stake BICO tokens to serve as relayers, managing user transactions across chains. Biconomy supports ERC4337-compliant smart contract wallets and employs meta-transactions to allow users to transact without paying gas fees directly.
What are the potential use cases for Biconomy?
Biconomy's use cases include simplifying blockchain transactions, enabling gasless and cross-chain transactions, and supporting AI integration for enhanced automation. It is applicable across various sectors such as decentralized finance (DeFi), gaming, data sharing, and wholesale payments. Real-world applications include modular networks like Aarc, data marketplaces like Acentrik by Mercedes-Benz, and blockchain-based wholesale payment platforms like Onyx by JPMorgan Chase.
What is the history of Biconomy?
Founded in 2019 by Ahmed Al-Balaghi, Sachin Tomar, and Aniket Jindal, Biconomy has grown to become a pivotal part of many dApps. Key milestones include the launch of its Relayer-as-a-Service in 2020, the introduction of Meta Transactions in 2021, and significant funding rounds that bolstered its development. By 2022, Biconomy had processed over 41 million transactions, partnering with major blockchain projects to enhance dApp user experiences.
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Frequently Asked Questions (FAQs)
What is the current price of Biconomy (BICO)?
The Biconomy price is $0.44556868 AUD, representing a -5.57% from the day prior.
Where is the best place to buy Biconomy (BICO) in Australia?
The best place to buy Biconomy (BICO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Biconomy (BICO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Biconomy (BICO)?
The trading volume of Biconomy (BICO) is $25.2M AUD in the last 24hrs, representing a -5.57% from the day prior.
How can I buy Biconomy (BICO)?
Biconomy (BICO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Biconomy (BICO)?
The current market cap of Biconomy (BICO) is $408.6M AUD.
Can I convert Biconomy (BICO) to cash?
Yes - With Coinstash you can convert your Biconomy (BICO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Biconomy (BICO) are there?
The current circulating supply of Biconomy (BICO) is 915.2M.
Is Coinstash a safe place to buy Biconomy (BICO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Biconomy (BICO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.