Biconomy is a multi-chain relayer network that simplifies user onboarding for decentralized applications. They offer gasless transactions, instant cross-chain crypto transfers, and real-time cross-chain messaging at cheaper rates. BICO is the name and ticker symbol of Biconomy's native utility and governance token.
A distributed set of nodes, executors, and validators powers the Biconomy network. Users have to stake BICO tokens to run validator and executor nodes. In return, they will receive BICO rewards for their services.
Executors run relayer nodes on the network and process meta-transactions, while validators verify the work done by executors. As part of Biconomy's services, DApps get a list of eligible executors with their performance and reputation details.
For cross-chain asset transfers, validators track deposited transactions on the source blockchain, verify them and record the cross-chain transfer details in a Biconomy Transaction. Executors then initiate the fund transfer on the destination chain. Moreover, for cross-chain transfers, each supported blockchain will have liquidity pool smart contracts to withdraw and add liquidity.
Biconomy deploys Gateway Smart Contract (GSC) on every supported blockchain to facilitate cross-chain smart contract calls. Biconomy validators track the transaction requests on the source chain GSC and executors execute the smart contract call on the destination chain via the destination chain GSC.
Easily buy BICO tokens on the OKX TR cryptocurrency platform. One available trading pair in the OKX TR spot trading terminal is BICO/USDT.
You can also buy BICO with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.
Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for BICO with zero fees and no price slippage by using OKX TR Convert.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into BICO, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.