About BICONOMY (BICO)
BICO is an Ethereum token powering Biconomy, a protocol that aims to seamlessly connect users to any decentralized application across multiple chains for relatively low fees. BICO can be used to pay for network fees and to vote on protocol upgrades.
Buy BICONOMY (BICO)
Trading Insights
Buyer Ratio
Traders
86
22.86%
Buyers
30
0%
Sellers
56
30.23%
Searched
78
Market Stats
Market Cap
£74.15M
-3.07%
FDV
£76.76M
Circ. Supply
966M BICO
Max Supply
1B BICO
Total Supply
1B BICO
Diluted Valuation
£76.64M
Performance
Popularity
#355
Dominance
0%
Volume (24H)
£9.42M
-9.11%
Volume (7D)
£55.21M
Volume (30D)
£318.62M
All time high
£17.72
Price Change (1Y)
-69.89%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of BICONOMY (BICO) has increased by 0.54% in the last hour and decreased by 3.19% in the past 24 hours. BICONOMY (BICO)’s price has also risen by 15.52% in the past week. The current price is £0.0768 per BICO with a 24-hour trading volume of £9.42M. Currently, BICONOMY (BICO) is valued at 99.57% below its all time high of £17.72. This all-time high was the highest price paid for BICONOMY (BICO) since its launch.
The current circulating supply of BICONOMY (BICO) is 965,981,161.305 BICO which means that BICONOMY (BICO) has as total market cap of £74,153,045.45.
Market details
BICO vs markets
↘ 82.02%
BICO vs BTC
↘ 83.39%
BICO vs ETH
↘ 65.01%
Tags
platform
defi
interoperability
mvb
+2
Network & Addresses
Network | Address | |
|---|---|---|
Base | 0xf5Dbaa3DFC5e81405c7306039fB037a3DCD57Ce2 | |
Ethereum | 0xF17e65822b568B3903685a7c9F496CF7656Cc6C2 | |
Arbitrum | 0xa68Ec98D7ca870cF1Dd0b00EBbb7c4bF60A8e74d |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0768 | ↘ 2.63% |
1 Day | £0.0789 | ↘ 3.19% |
1 Week | £0.0655 | ↗ 15.52% |
1 Month | £0.0699 | ↗ 8.76% |
1 Year | £0.26 | ↘ 69.89% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Biconomy (BICO) is a multichain relayer protocol that seeks to enhance the user experience on decentralized applications (DApps). It strives to make web3 products as intuitive and user-friendly as web2 products. Biconomy focuses on transaction management and gas optimization, and aims to reduce gas costs. It achieves this by utilizing meta transactions, which allow users to submit a transaction with zero gas, with a third party covering the transaction fees. Biconomy's non-custodial and gas-efficient relayer infrastructure network enables this process at scale.
Biconomy works by providing an infrastructure that addresses several web3 bottlenecks. It allows protocols to onboard users without them having to pay gas fees. Users can pay gas in an ERC-20 token of their choice, avoiding blockchain complexities like network changes. Transactions aim to be confirmed more quickly, enhancing the overall user experience. Biconomy's protocol uses meta transactions, which means users can submit a transaction with zero gas, and a third party pays the transaction fees. This approach is made possible by Biconomy's non-custodial and gas-efficient relayer infrastructure network.
Biconomy has a wide range of potential use cases, particularly in improving the user experience on decentralized applications. For instance, Curve Finance uses Biconomy to perform meta transactions for gasless BTC deposits, allowing users to provide liquidity without paying gas to swap them for RENBTC. Perpetual Protocol offers gasless transactions to its traders on the xDAI chain thanks to Biconomy, eliminating the need for users to change the RPC url in their web wallet. Decentral Games aims to improve the gaming experience by removing gas fees with Biconomy's help, and Sapien Network enables gasless transactions for bloggers on its platform.
Biconomy was founded by an international team of blockchain entrepreneurs, including Ahmed Al-Balaghi, Sachin Tomar, and Aniket Jindal. Al-Balaghi, a Queen Mary University alumnus, has spent over three years in the blockchain industry in China, the UK, and the United Arab Emirates. Tomar and Jindal are Indian blockchain entrepreneurs with backgrounds in software engineering and blockchain projects, respectively. Biconomy has backing from various blockchain venture capitalists. The BICO token, the network's native utility token, was introduced with a total supply of 1 billion. BICO is used to pay transaction fees, receive compensation from staking, and vote on governance proposals.
We update our BICONOMY (BICO) to GBP currency in real-time. Get the live price of BICONOMY (BICO) on Coinbase.
The current market cap of BICONOMY (BICO) is £74.15M. A high market cap implies that the asset is highly valued by the market.
The all-time high of BICONOMY (BICO) is £17.72. This all-time high is highest price paid for BICONOMY (BICO) since it was launched.
Over the last 24 hours, the trading volume of BICONOMY (BICO) is £9.42M.
Assets that have a similar market cap to BICONOMY (BICO) include Hivemapper, IOST, Stratis [New], and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BICONOMY (BICO) is 966 million.
BICONOMY (BICO) ranks 181 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 58% of Coinbase users are buying BICONOMY (BICO). In other words, 58% of Coinbase customers have increased their net position in BICONOMY (BICO) over the past 24 hours through trading.
Yes, BICONOMY (BICO) is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy BICONOMY (BICO) guide.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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