Introducing
$BICO

An overview of our multi-cain relayer protocol, how $BICO fits in, various network roles, and how you can contribute!

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Token Sale

LIVE

We’re excited to announce that registrations for the Biconomy ($BICO) token sale on CoinList are now open!

The registration deadline is October 11, 2021 at 23:59 UTC. The sale begins on October 14, 17:00 UTC.

Register Now

With Biconomy, users will get 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!

Currently, our multi-chain relayer infrastructure has processed 8M+ mainnet transactions & 120M+ API calls for 70+ dApp partners such as Zed Run, Perpetual Protocol, Showtime, Curve Finance, and many more to ensure all the benefits of web3.0 with the intuitiveness of web2.0.

Decentralizing Our
Multi-chain Relayer Network

So what’s our secret sauce? Instead of making the user deal with blockchain headaches such as gas and bridges, we manage that on behalf of the user!

We do this via multi-chain meta-transactions! Essentially, meta-transactions let our multi-chain relayer execute the transaction on behalf of the user. Thus, the user just needs to state what they want and then our relayer network will manage the transaction for them on any required destination chain.

As we move ahead and scale to millions of daily transactions, we will make the entire multi-chain relayer infrastructure decentralized. A decentralized network of stakeholders will be incentivized to run and manage the network.

Biconomy Network Roles

There are multiple ways to contribute to Biconomy’s multi-chain relayer network

Node Operators

The relayer network is maintained by node operators that perform two main roles: validators & executors. The Validator listens to relevant transactions on other chains and records them to the Biconomy chain. The Executors see these transactions and act on them.

Delegators

All BICO token holders who want to contribute to the network's security can stake their tokens as delegators. Delegators contribute to the protocol by delegating their tokens to node operators, and earn BICO proportional to their stake.

Liquidity Providers

The relayer protocol needs to maintain liquidity pools for all supported tokens on every supported chain to complete the transaction on the user’s behalf. Anyone can provide liquidity for all these tokens to earn rewards.

Decision Makers

All token holders can participate in the protocol’s governance. They can propose new improvements and vote on key decisions.

Enter $BICO

$BICO is the native work & governance token of our multi-chain relayer protocol.

It will be an ERC-20 token that will play a key role in decentralizing the network. It will act as the network fees, incentivize all stakeholders to secure and maintain the network, and participate in the network’s governance. There are in total 1 billion $BICO tokens in supply. More information about token distribution will be released in the future.

We want to extract tons of utility for $BICO, so that the ecosystem gets stronger as the network grows. The token enables three key utilities:

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

Governance

$BICO token holders can propose and vote upon decisions affecting Biconomy’s protocol and overall Network. Any $BICO holder can submit a proposal for consideration by the wider Biconomy community. We want to move towards community-led growth and self-sustainability.

Token Summary

Token Ticker:

$BICO

Total Supply:

1,000,000,000 tokens (1B)

Token Utility:

  • Acts as fee for interacting with the Network
  • Incentivises node operators, delegators, & liquidity providers
  • Secures the network and ensures 100% uptime at max quality
  • Enables participation in protocol governance