Regulation & Policy
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Biconomy, rooted in the UAE, which aims to make blockchain frictionaless, has announced that their token sale on Coinlist added 12,000 new token holders wih more than 11.5 million USD in BICO tokens sold. Prior to this Biconomy had raises 9 million USD from investors in its seed round.
As per the announcement, the event drew massive demand on CoinList, with over 850,000 unique registrants for Options 1 and 2 of the sale, as the BICO community demonstrated strong interest and commitment to the project.
Biconomy is building multi-chain transaction infrastructure for making Web 3.0 frictionless and mainstream. Through Biconomy’s plug & play APIs, decentralized apps become accessible to anyone regardless of their crypto knowledge and experience.
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Biconomy helps remove blockchain headaches through features such as gas-less transactions, instant cross-chain transfers and flexible gas payment options. Users can expect 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 gas-less experience.
Biconomy’s native token, BICO, plays a key role in decentralizing the network by incentivizing all stakeholders to secure and maintain the network and participating in the network’s governance. Token holders can stake their tokens as delegators and earn staking rewards, as well as participate in governance of the protocol.
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