Biconomy BICO Price 0.05191768

Biconomy is a protocol that aims to improve the user experience on applications. The goal of the project is to make it easy to use web3 products. Users can pay for gas with a token. Users don't like complex networks. Biconomy can reduce gas costs by up to 40% by focusing on transaction management. The protocol uses meta transactions, which allow users to submit a transaction with zero gas and have a third party pay for the transaction fees for the user. One of the project's co-founders, a Queen Mary University graduate, has spent the past three years in China, the UK, and the United Arab Emirates, and previously worked for a Chinese company. There are a number of reasons why interactions with web2 applications are not as seamless as with Decentralized applications. Paying a usage fee for web2 applications is not equivalent to paying a usage fee. Users may not want to spend their ether, but gas fees are always paid in ether. Biconomy gives gasless transactions to its traders. With the help of Biconomy, Decentral Games was able to remove gas fees for its users. There are pages related to this. Operators on the network pay a fee to add information. token holders can be rewarded for securing the network. BICO can be used to vote on governance proposals, such as changing the code, adding additional services, or using treasury funds. The pre-seed round includes 9 months lockup, 27 months linear release. Users with private keys sign all transitions.