Blockchain infrastructure provider Biconomy is set to launch its native utility token, BICO, by the end of November. This marks a significant milestone in the company’s mission to simplify Web3 adoption through seamless multi-chain transaction solutions. As part of the rollout, 1% of the total token supply—equivalent to 20 million BICO tokens—will be allocated for airdrops, rewarding early contributors and users of its ecosystem.
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Token Distribution and Airdrop Details
Of the 20 million BICO tokens reserved for airdrops:
- 5 million tokens will go to participants in Biconomy’s “Early User Program,” recognizing those who tested and provided feedback on the platform’s core features.
- Another 5 million tokens are designated for retroactive rewards to early users of Hyphen, Biconomy’s fast cross-chain bridging solution.
The snapshot for eligibility was taken on November 1 at 16:00 UTC, meaning only users active before that date qualify for the retroactive distribution. This strategic move not only rewards loyalty but also strengthens community engagement ahead of the broader token release.
The total supply of BICO is capped at 1 billion tokens, distributed as follows:
- 24.88% – Private and strategic sales
- 22% – Team and advisors (subject to vesting schedules)
- 10% – Foundation reserve for long-term development
- 5% – Public sale via platforms like CoinList
- 38.12% – Community incentives, ecosystem growth, and future programs
This balanced allocation emphasizes decentralization, with the majority of tokens ultimately directed toward community-driven initiatives and platform sustainability.
Empowering Web3: Biconomy’s Core Mission
Biconomy operates as a foundational layer for next-generation dApps (decentralized applications), aiming to eliminate common friction points in blockchain interactions. Its technology stack focuses on three key innovations:
1. Gasless Transactions
One of the biggest barriers to mainstream Web3 adoption is the complexity and cost of gas fees. Biconomy enables gasless onboarding, allowing developers to sponsor transaction fees for their users. This means new users can interact with dApps without needing to first purchase native network tokens—dramatically improving user experience.
2. Instant Cross-Chain Transfers
With fragmented liquidity across chains, moving assets between networks has traditionally been slow and costly. Biconomy’s Hyphen bridge offers near-instant cross-chain transfers with minimal slippage and low fees. By streamlining interoperability, it empowers users and protocols to operate seamlessly across Ethereum, Polygon, Binance Smart Chain, and other EVM-compatible networks.
3. Flexible Gas Payment Options
Biconomy allows users to pay gas fees in any ERC-20 token, rather than being restricted to the chain’s native currency. This flexibility reduces friction during transactions and opens doors for more intuitive financial interactions in multi-token environments.
These tools collectively make Web3 more usable, interoperable, and composable—critical pillars for mass adoption.
Why BICO Matters in the Decentralized Economy
The introduction of the BICO token isn’t just a fundraising mechanism—it's a governance and utility engine designed to align incentives across the ecosystem.
Token holders will eventually gain access to:
- Governance rights: Propose and vote on protocol upgrades, funding allocations, and policy changes.
- Staking rewards: Secure the network and earn yields by staking BICO in relay pools or validator nodes.
- Fee discounts:享受 reduced service fees across Biconomy-powered platforms and partner integrations.
- Ecosystem participation: Access exclusive programs, grants, and developer bounties funded by the foundation.
As decentralized applications continue to scale, infrastructure providers like Biconomy play an increasingly vital role. The success of dApps depends not only on innovation but also on smooth, reliable backend support—something Biconomy delivers at scale.
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Frequently Asked Questions (FAQ)
What is Biconomy?
Biconomy is a blockchain infrastructure platform that simplifies user interactions with decentralized applications by offering gasless transactions, instant cross-chain bridges, and flexible fee payment options. It aims to make Web3 accessible to mainstream users by removing technical barriers.
When will the BICO token launch?
The BICO token is scheduled to launch by the end of November. While the exact date hasn't been publicly confirmed, preparations including snapshots and airdrop planning are already complete.
How can I claim my airdrop?
Eligible users who participated in the Early User Program or used the Hyphen bridge before the November 1 snapshot should watch their registered wallets for instructions. Claims will likely be facilitated through Biconomy’s official portal or integrated wallet interfaces.
Is BICO available for public purchase?
Yes, 5% of the total supply (50 million BICO tokens) will be offered in a public sale through platforms like CoinList. Details about registration, pricing, and timelines are expected to be announced shortly before launch.
What blockchains does Biconomy support?
Biconomy supports all major EVM-compatible chains, including Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, and more. Its cross-chain solutions enable seamless asset transfers between these networks.
Can developers integrate Biconomy into their dApps?
Absolutely. Developers can easily integrate Biconomy’s SDKs and APIs to enable gasless transactions, improve UX, and offer cross-chain functionality within their applications. Comprehensive documentation and developer tools are available on the official website.
With its robust technical foundation and community-first tokenomics, Biconomy is positioning itself as a key enabler of scalable, user-friendly Web3 experiences. As the line between blockchain experts and everyday users continues to blur, projects that prioritize accessibility—like Biconomy—will lead the charge toward true decentralization.