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Biconomy provides plug-n-play APIs to make Web 3.0 user-friendly and seamless.
What is Biconomy (BICO)?
Biconomy states that they are on a mission to make the decentralized web accessible to everyone. The platform explains, “Our APIs and SDKs transform any dApp to be usable by anyone, regardless of their crypto knowledge and experience. Our multi-chain relay infrastructure processes around 50,000 transactions per day for over 70 DApps, ensuring that all the benefits of web3.0 come with the intuitiveness of web2.0.”
According to Bloconomy, every interaction with a dApp is a blockchain transaction, and blockchain transactions are complex. They elaborate, “Users need to be experts in crypto wallets, deal with gas fees, actively manage every transaction, transfer funds across various chains, and much more. Even then, they face a broken experience filled with long wait times and failed transactions. This is especially daunting for crypto users who are faced with a steep learning curve just to get started.”
This is where Biconomy steps in, offering a simple and quick way for users to overcome these complexities with their dApps.
With Biconomy, users can enjoy a seamless multi-chain experience, connecting their wallets to any dApp, instantly accessing their funds on any chain or L2/rollup, and enjoying a completely gas-free experience.
Biconomy makes this superior experience possible through powerful features:
- Free transactions
- Instant cross-chain transfers
- Flexible gas fee options
- Guaranteed and successful transactions
- Simple and instant participation in scaling solutions
- Automatic connection to L2 & EVM-compatible chains
- Cheap and instant cross-chain transactions
Biconomy has three co-founders: Ahmed Al-Balaghi, Sachin Tomar, and Aniket Jindal. It is mentioned that these three co-founders came together for the first time in early 2019. Ahmed Al-Balaghi serves as the CEO, Sachin Tomar as the CTO, and Aniket Jindal as the COO.
BICO Coin Review
BICO is the native work and governance token of the multi-chain relay infrastructure. It plays a key role in decentralizing the network by acting as network fees, incentivizing all stakeholders to secure and maintain the network, and participating in the network’s governance.
Additionally, BICO garnered significant attention following its Binance listing. However, due to uncertain movements in the crypto market, investors are somewhat cautious about BICO.
How to Buy Biconomy Coin?
BICO Coin can be bought quickly and securely via Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy BICO Coin, you first need to register with Binance and then send fiat currency. After sending fiat currency such as dollars, you can buy BICO Coin in the trading pairs it is listed in, such as Bitcoin (BTC), Binance Coin (BNB), BUSD, and Tether (USDT).
Additionally, users can place buy orders at lower prices on Binance rather than just the market value. To do this, simply use the Limit tab and enter the amount you want to buy and the price at which you want to buy it.
