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

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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.