Biconomy (BICO)
Biconomy is a universal execution layer and Account Abstraction provider for Web3. It simplifies decentralized applications by offering a Nexus Smart Account architecture that enables gasless transactions and composable batching across multiple chains. The protocol has facilitated over 70 million transactions to date.
The native utility token, $BICO, powers the ecosystem's decentralized operations. BICO is primarily used for staking within the delegation marketplace, where users secure the network and earn rewards. The token also governs protocol upgrades and network fee mechanics.
Biconomy raised $22.6 million across various funding phases, culminating in a highly anticipated public token sale. The protocol attracted backing from prominent Tier-1 investors, including Mechanism Capital, DACM, and Eden Block, cementing its position in the blockchain infrastructure sector.
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