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BICO Crypto Price

Biconomy
$
1853.700
+10.1(+0.548%)

BICO Crypto Price Chart

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    Key Stats

    24H High
    0.1202
    24H Low
    0.1069
    24H Volume
    14.44M
    24H Volatility
    12.44%
    All Time High
    7.999
    All Time Low
    0.0768
    Correlation with BTC
    0.41
    Return On Investment
    -98.05%
    What is Biconomy?

    Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on 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 fees.Users can pay gas in an 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.

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