Making web3.0 Frictionless & Mainstream
Content on this page was provided by the Biconomy team
Biconomy provides plug & play APIs that allow decentralized apps (dApps) to become accessible to anyone regardless of their crypto knowledge and experience. Biconomy's multi-chain relayer infrastructure processes almost 50K daily transactions for 70+ web3.0, DeFi and NFT dApps to ensure all the benefits of web3.0 come with the intuitiveness of web2.0.
The mainstream user doesn’t want to deal with blockchain headaches. They just want 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. They expect the dApp to deal with gas, transaction management, and bridges under the hood.
Biconomy abstracts away these complexities from the end-user through powerful features such as:
The future of the internet is decentralized, and Biconomy is a critical infrastructure on which it will stand. Biconomy makes web3.0 more usable, interoperable, and composable.
| Option 1 | Option 2 | |
| Asset | BICO tokens | BICO tokens |
| Fixed Sale Price | $0.25 per token | $0.15 per token |
| Sale Period | October 14, 2021 17:00 UTC - October 20, 2021 23:59 UTC | October 14, 2021 23:00 UTC - October 20, 2021 23:59 UTC |
| Supply for Sale | 4% (40M tokens) | 1% (10M tokens) |
| Purchase Limits |
$100 min
$1,000 max |
$100 min
$1,000 max |
| Funding Methods | USDT, USDC, ETH, BTC | USDT, USDC, ETH, BTC |
| Lockup and Release | 3-month linear release starting on or around November 23, 2021 | 10% unlock on or around November 23, 2021, followed by a 6-month cliff, and following that 6-month monthly release |
| Excluded Participants | Excluded participants include residents of the US, Canada, China, and CoinList’s unsupported jurisdictions | Excluded participants include residents of the US, Canada, China, and CoinList’s unsupported jurisdictions |
| Sale FAQ | FAQ | FAQ |
* CoinList may in its sole and absolute discretion adjust the parameters of the CoinList website and/or access systems to prioritize access to the Biconomy sale or the processing of token purchases for certain high-quality users with demonstrated histories of positively contributing to token networks, existing Biconomy users, or otherwise evidencing indicia of crypto-savvy future players of Biconomy.
BICO is the native work & governance token of the Biconomy 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.
Network Fees
BICO is the native token of the Biconomy blockchain. The Biconomy blockchain will act as a settlement and verification layer for all the activity on the Biconomy Network across all supported chains. The node operators pay a transaction fee in BICO to add any information on the chain and they earn BICO proportional to the work they perform on the network .
Stakeholder Incentives
Node OperatorsValidators and Executors stake BICO to start contributing to the network. They earn BICO proportional to their contribution and their BICO stake. The network can also slash their stake in the case of bad behaviour. The Validator listens to relevant transactions on other chains and records them to the Biconomy chain. The Executors see these transactions and takes an action (be it a hyphen transaction or a gasless one).
DelegatorsBICO token holders stake their tokens to secure the network further. They earn BICO proportional to their BICO stake.
Liquidity ProvidersLPs provide liquidity in a variety of crypto assets to the protocol’s liquidity pools on different chains. A small fee will be collected when a user uses the liquidity pools, which will be distributed to the liquidity providers. Apart from this fee, they will also earn BICO in proportion to their relative contribution to a given Liquidity Pool.
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. This is a large part of Biconomy’s plans for progressive decentralization as they move towards community-led growth and self-sustainability.
There are in total 1 billion BICO tokens in supply distributed as follows:
| Segment | Total Supply in % | Release Schedule |
| Early Supporters | 6% | 9-month lockup, linear vesting for 27 months (total vesting 3 years) |
| Strategic Sale | 6.38% | 9-month lockup, linear vesting for 24 months (total vesting 2 years & 9 months) |
| Private Sale | 12% | 10% liquid on TGE, 6-month lockup, linear vesting for 24 months (total vesting 2.5 years) |
| Team & Advisors | 22% | 12-month cliff (1/24 of tokens liquid upon cliff), linear vesting for 24 months (total vesting 3 years) |
| Treasury | 10% | 10% liquid on TGE, 12-month lock up, linear vesting for 24 months (total vesting 3 years) |
| Community Rewards and Incentives | 38.12% | 7.5% liquid on TGE, 1/47 each month linear release |
| Public Sale | 5% | See sales structure above |
The Biconomy multi-chain relayer protocol, called MEXA, currently powers:
