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Biconomy Price
Biconomy price

Biconomy Price(BICO)

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BICO
1 BICO =
USD $0.562641
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Last updated 2024/03/26 05:57 (UTC)
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$ 0.562641
-0.45%
1D
Page last updated: 2024-03-26 17:57 (UTC+0)
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Price of BICO today

The live price of Biconomy is $ 0.562641 per (BICO / USD) with a current market cap of $ 390.08M USD. 24-hour trading volume is $ 13.19M USD. BICO to USD price is updated in real-time. Biconomy is -0.45% in the last 24 hours with a circulating supply of 693.30M.
BICO Price History USD
Date ComparisonAmount Change% Change
Today$ -0.002519-0.45%
30 Days$ 0.187133+49.83%
60 Days$ 0.213569+61.18%
90 Days$ 0.14663+35.25%

BICO Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.551011
High: $ 0.57655
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 21.87
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+2.03%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-0.45%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+9.56%
The percent change in trading volume for this asset compared to 7 days ago.

BICO Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#200
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 390.08M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 13.19M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
693.30M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 562.64M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Biconomy (BICO)

Biconomy is a decentralized protocol that operates as a multichain relayer network. Biconomy aims to enhance the efficiency of transactions within the web3 environment. Biconomy was successfully launched in the fall/winter of 2021. The protocol was first released for use and implementation along the Ethereum blockchain network but is positioned to operate on multiple blockchain networks as a layer-2 solution atop existing blockchains.

Biconomy seeks to limit and even eliminate gas fees in some instances. The protocol likens the Web2 internet to Web3, and expresses that individuals should be able to navigate the Web3 environment more seamlessly, without the need to pay for gas or transactions. For this reason, the Biconomy protocol exists and helps provide gateways that are said to dramatically reduce or altogether eliminate fees associated with moving on any blockchain, primarily to use dApps made available to network participants.

Biconomy reports being able to reduce gas fees by up to around 40%. Meta transactions are used to lessen the transaction fees paid by network users in one such process used in the protocol. Reportedly, Biconomy users can also pay for fees in any ERC-20 coin when interacting within the Ethereum network instead of needing to pay in ETHER, the native network coin used for gas typically on the ETH blockchain.

Biconomy was developed by a trio of co-founders in 2019 and is currently based in Gurugram, India. The technical and business experience behind the Biconomy development team could have played a part in the positive reception of Biconomy by early venture capitalists like Binance Launchpad, Coinbase Ventures, Mechanism Capital, and others who all supported Biconomy early on.

Biconomy is an ERC-20 token fundamentally, making it compatible with other Ethereum network tokens. Since the Ethereum Merge, Biconomy utilizes a Proof-of-Stake consensus mechanism for block validation. Biconomy is known by its token ticker $BICO. The live Biconomy price is updated and available in real-time on Binance.

People Also Ask: Other Questions About Biconomy

  1. What is BICO Used For?

    BICO is used to pay for network fees incurred by participants on the protocol. BICO can also be staked in the network governance model implemented by the Biconomy decentralized project. Holders can vote on changes to the protocol before they are accepted and implemented.

  2. Who is the Founder of Biconomy?

    Ahmed Al-Balaghi is one of three Biconomy co-founders, most noted for spending several years working in blockchain development across China, the UK, and the United Arab Emirates. Two Indian blockchain entrepreneurs, Sachin Tomar, who possesses a background in software engineering, and Aniket Jindal, who also has experience in blockchain development in the UAE, make up the other two of the three Biconomy co-founders.

  3. What is the Maximum Token Supply of BICO?

    BICO has a total supply of 1 billion and its circulating supply stands at over 525 million at the time of writing.

  4. How To Buy Biconomy (BICO)?

    Biconomy (BICO) can be purchased directly from Binance using a debit or credit card. Biconomy (BICO) can also be traded for other cryptocurrencies on Binance. The live price of Biconomy is updated in real-time on Binance. Additionally, BICO token price and purchase information is available for users in our How to Buy Biconomy (BICO) Guide.

  5. How Much Will Biconomy (BICO) be Worth in the Future?

    Check out our BICO Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

BICO to Local Currency

FiatPriceOperation
1 BICO to USD$ 0.562641
1 BICO to TRY$ 0.562641
1 BICO to RUB$ 0.562641
1 BICO to EUR$ 0.562641
1 BICO to AED$ 0.562641
1 BICO to AUD$ 0.562641
1 BICO to BRL$ 0.562641
1 BICO to VND$ 0.562641
1 BICO to IDR$ 0.562641
Last updated 2024/03/26 05:57 (UTC)

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