BICO
Biconomy
BICO

Biconomy price

₺0.96656
-- (--)
TRY
Last updated on --.

About Biconomy

Biconomy (BICO) is a cryptocurrency that powers seamless blockchain transactions by simplifying how users interact with decentralized applications (dApps). Its core technology focuses on eliminating common friction points—like high gas fees and complex processes—through features such as gasless transactions and smart account automation. BICO is used within its ecosystem to pay for services, govern protocol upgrades, and reward participants who contribute to network efficiency. For everyday users, this means smoother, faster, and more affordable interactions with DeFi, gaming, and other Web3 platforms. By abstracting away technical hurdles, Biconomy makes blockchain accessible to newcomers while supporting advanced use cases like cross-chain swaps and AI-powered transactions. Its utility lies in bridging the gap between traditional web experiences and the decentralized future.
AI insights
Layer 2
Official website
White Paper
Github
Block explorer
CertiK
Last audit: Mar 1, 2021, (UTC+8)

Biconomy’s recent prices

Past year
-80.61%
₺4.98
3 months
-50.89%
₺1.97
30 days
+4.56%
₺0.92
7 days
+3.32%
₺0.94

Biconomy performance

₺0.96656

Biconomy price today

Biconomy price today is ₺0.96656, marking a +0.28% over the past 24 hours. On OKX TR, today’s Biconomy trading volume reached 200,044,761, worth over ₺193.35M.

₺1,012.75

Biconomy all-time high

Biconomy achieved its all-time high price of ₺1,012.75 on Dec 2, 2021, (UTC+8). At today's price of ₺0.96656, Biconomy price is now -99.91% lower than its historic high.

$0.02176

Biconomy in USD

The current Biconomy to USD conversion rate is $0.02176 per Biconomy.
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Learn more about Biconomy (BICO)

What's Biconomy?

Biconomy is a blockchain protocol designed to simplify and enhance the user experience in decentralized applications (dApps). It addresses issues like high transaction costs and complex onboarding processes by offering gas-efficient solutions and seamless interactions. Biconomy's primary use cases include enabling gasless transactions, improving transaction speed, and providing cross-chain transfers, making it easier for users to engage with blockchain technology without technical barriers.

How does Biconomy work?

Biconomy operates on Ethereum and other compatible blockchains, utilizing smart contracts to facilitate transactions. It employs a meta-transaction system, allowing users to interact with dApps without needing to hold native tokens for gas fees. Biconomy uses a proof-of-stake consensus mechanism, which enhances scalability and reduces energy consumption compared to proof-of-work systems. Its infrastructure supports efficient transaction processing and cross-chain communication.

What's the total supply of Biconomy?

Biconomy has a total supply of 1 billion tokens. The circulating supply varies as tokens are distributed through network incentives and ecosystem development. Biconomy's tokenomics include mechanisms for inflation control, with a portion of transaction fees potentially used for token burning to manage supply. These mechanisms aim to balance token availability with network growth and sustainability.

What determines Biconomy's price?

The price of Biconomy is influenced by its utility in facilitating transactions and reducing costs in dApps. Demand for its services, network usage, and overall market sentiment play significant roles. Regulatory changes can impact its adoption and price stability. Competition from other blockchain solutions may also affect its market position. These factors collectively shape Biconomy's market value without guaranteeing any specific price movement.

Pros and cons of Biconomy

- Pros: - Simplifies dApp interactions with gasless transactions. - Enhances user experience with faster transaction speeds. - Supports cross-chain functionality. - Cons: - Dependent on network adoption for widespread use. - Faces competition from other blockchain solutions. - Regulatory changes may impact its operations.

How do I store my Biconomy?

Users can acquire Biconomy tokens through exchanges like OKX, where it is supported. Tokens can be stored in compatible wallets, ensuring private keys are secure to prevent unauthorized access. Biconomy is used in dApps for gasless transactions and cross-chain transfers. Users should be cautious of phishing attempts and ensure they comply with local regulations, as availability may vary by jurisdiction.

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Biconomy FAQ

Biconomy can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Biconomy’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Biconomy and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Biconomy at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Biconomy BICO safely on a trusted exchange like OKX TR.
Currently, one Biconomy is worth ₺0.96656. For answers and insight into Biconomy's price action, you're in the right place. Explore the latest Biconomy charts and trade responsibly with OKX TR.
To read this Biconomy price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Biconomy’s price is updated in real-time on our Biconomy price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Biconomy BICO. Refer here for a more detailed guide.
Staking and earning rewards with Biconomy are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.

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.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
₺687.29M #245
Circulating supply
712.38M / 1B
All-time high
₺1,012.75
24h volume
₺193.35M
Rating
2.8 / 5
BICOBICO
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