Biconomy is a highly scalable relayer infrastructure network designed to simplify the Web3 experience by abstracting gas complexities for decentralized application users. The BICO token serves as the native asset of the ecosystem, used for securing the network, settling transaction fees, and participating in community governance.
The team announced the launch of its Initial Exchange Offering (IEO) on Huobi Primelist to facilitate a wider public distribution. During this event, Biconomy successfully raised $600,000 by allocating 2,000,000 BICO tokens at a fixed price of $0.30 per token.
To participate in the Biconomy IEO on Huobi Primelist, users first needed to register an account on the Huobi exchange and complete the mandatory Know Your Customer (KYC) identity verification process. Passing the verification check was required to gain access to the token sale platform and ensure regulatory compliance.
Once verified, participants could join the sale using two primary methods provided by the exchange: a standard first-come, first-served queue registration or an alternative route requiring users to hold Huobi Token (HT) for priority allocation. Investors had to ensure they maintained sufficient USDT balances in their exchange wallets to seamlessly execute the purchase once the official sale went live.
Register for an account on the Huobi exchange.
Complete the required KYC identity verification steps.
Choose between the queue registration method or the HT holding allocation method.
Fund your exchange wallet with sufficient USDT to cover your planned purchase.
Execute the token purchase immediately when the IEO goes live.