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Biconomy Raises $11.5M in Public Sale of Native Token BICO

·1-min read

Multi-chain transaction network Biconomy has raised $11.5 million through the public sale of its native token BICO on CoinList.

  • Biconomy, which raised $9 million in July from investors including Coinbase Ventures and Huobi Innovation Labs, follows projects such as Solana, Mina, Algorand and Flow in turning to CoinList to help sell their native tokens.

  • The sale added 12,000 new token holders, having attracted more than 860,000 registrations, Biconomy announced Thursday.

  • Biconomy aims to make developing decentralized apps (dapps) relatively easy by offering plug and play application programming interfaces (APIs) that help relay transactions between layer 1 blockchain networks, the main network on which a cryptocurrency runs, and layer 2, a companion system that helps a crypto system handle more data. It currently has more than 70 Web 3.0, decentralized finance (DeFi) and non fungible token (NFT) dapps using the protocol to offer end users gasless transactions and instant cross-chain transfers.

  • To date, Biconomy has processed more than 8.2 million transactions across Ethereum, Polygon, Binance Smart Chain, Avalanche and Moonriver.

Read more: CoinList Valued at $1.5B as Lending, Staking Join Business Mandate

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