Coin list notification that the registrations for the round of the biconomy project ICO (BICO) are now open. The token sale for option 1 begins on October 15 at 00:00 a.m. (Synthetic Team time) and option 2 on October 15 at 6:00 a.m., registration closes on October 12 at 7:00 a.m.
What is biconomy?
Biconomy is the infrastructure for multi-chain transactions to make Web 3.0 simpler and more ubiquitous. Biconomy’s Plug & Play APIs allow everyone to access decentralized applications (dApps), regardless of their knowledge and experience of cryptocurrencies. Biconomy eliminates blockchain headaches with features like gas-free transactions, instant cross-chain transfers, and flexible gas payment options.
Interoperable: Biconomy believes in a multi-chain future, but one where users don’t need to know if it is multi-chain or not. Everything is fast, affordable, and scalable, but they don’t add to the annoyances of slow transfers and cross-chain launches. Biconomy processes these under the hood so that users have a smooth interactive experience.
Can be used: Biconomy envisions a gas-free future where users don’t have to worry about blockchain complexities like gas payments and choose the right network or chain to ensure a quick successful transaction. Everything should just work smoothly.
Good experience: Biconomy helps add a better and easier user experience to every dApp. The Biconomy API & SDK can be integrated into every dApp, across all large chains and for a variety of use cases.
BICO is the native token of the Biconomy blockchain. The biconomy blockchain acts as a mediation and verification layer for all activities in the biconomy network across all supported chains. Node administrators pay a transaction fee in BICO to add information to the chain, and they earn BICO in proportion to their work on the network.
A total of 1 billion BICO tokens are offered, which are distributed as follows:
Co-Founder and CEO Ahmed Al-Balaghi: 4 years of blockchain and cryptocurrency experience in research, investment and business development. Ahmed previously worked at Dow Jones, Citibank and one of the leading VCs in the Middle East supporting blockchain transactions.
Co-founder and CTO Sachin Tomar: Over 8 years in software engineering; worked for Samsung and Make My Trip (Indian Unicorn); 2 years of experience with blockchain / cryptocurrency in the development of smart contracts and blockchain team leader for Stacks City.
Co-founder and COO Aniket Jindal: 4 years of experience with blockchain / cryptocurrency in trading, investing and community development in India. Aniket is a former employee of Binance’s Shanghai office.
Token sales details
There are two options with different terms:
- Option 1 begins on October 15th at 12:00 AM
- Option 2 starts on October 15 at 6:00 a.m.
|Option 1||Option 2|
|$ 0.25||$ 0.15|
|00h00 October 15th||06h00 October 15th|
|4% (40 million tokens)||1% (10 million tokens)|
|Minimum: $ 100
Maximum: $ 1,000
|Minimum: $ 100
Maximum: $ 1,000
|USDT, USDC, ETH, BTC||USDT, USDC, ETH, BTC|
|3-month linear release beginning on or around November 23, 2021||10% will be activated on or around November 23, 2021, followed by a period of 6 months and then gradually activated monthly after 6 months|
|Residents of the United States, Canada, and China are not allowed to participate||Residents of the United States, Canada, and China are not allowed to participate|
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