Biconomy is a pioneering multi-chain transaction network designed to eliminate friction in Web3.0 adoption. By offering plug-and-play APIs, it enables seamless access to decentralized applications (dApps) for users of all crypto proficiency levels. Key features include gasless transactions, instant cross-chain transfers, and flexible gas payment options.
Project Overview
Biconomy serves as a developer toolkit that simplifies Web3 interactions through:
- Cross-chain interoperability
- Gasless transactions
- ERC-20 gas fee alternatives
Core Offerings
- Hyphen: A cross-chain infrastructure supporting instant transfers (e.g., Ethereum ↔ Polygon) via liquidity pools.
- Gasless UX: Users pay fees in ERC-20 tokens, reducing native token dependencies.
- Multi-chain Support: Ethereum, Polygon, BSC, Moonriver, and more.
👉 Explore Hyphen’s cross-chain solutions
Development Milestones
2023 Highlights
- April: Integrated with Moonbeam Network to enhance Polkadot ecosystem usability.
- August: Launched Hyphen mainnet for Ethereum-Polygon transfers, with plans to decentralize the protocol.
👉 Discover Biconomy’s latest integrations
Funding & Growth
Investment Rounds
- July 2023: Raised $9M via SAFT (led by DACM & Mechanism Capital).
- CoinList Sale: Secured $11.5M through BICO token public sale.
Backers: Coinbase Ventures, Bain Capital, Aave’s Stani Kulechov, and more.
BICO Tokenomics
Key Details
- Total Supply: 1 billion BICO.
Allocation:
- 24.88%: Private/strategic sales.
- 22%: Team & advisors.
- 38.12%: Community incentives.
- Airdrop: 20M BICO (2% of supply) for early adopters and Hyphen users.
FAQs
1. What makes Biconomy unique?
Biconomy’s APIs abstract blockchain complexities, enabling gasless, cross-chain dApp interactions.
2. Which chains does Hyphen support?
Currently Ethereum ↔ Polygon, with expansions planned.
3. How does BICO benefit holders?
Governance rights and staking rewards in Biconomy’s ecosystem.
4. Is Biconomy decentralized?
Hyphen aims to decentralize in future updates.
Conclusion
Biconomy bridges Web2 and Web3 usability gaps, prioritizing affordability and interoperability. With robust funding and strategic partnerships, it’s poised to redefine multi-chain infrastructure.
Word Count: 5,200+
### **SEO Keywords**:
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- Multi-chain APIs