Non-custodian wallet that helps you to find the best opportunities in the crypto world

Download our cryptowallet

Non-custodian wallet that helps you to find the best opportunities in the crypto world
apple app
plat store app
android app

About Biconomy

Biconomy is an innovative blockchain infrastructure project designed to make decentralized applications (dApps) faster, cheaper, and easier to use. Born out of the need for greater blockchain interoperability and usability, Biconomy aims to solve some of the limitations holding back mainstream decentralized app adoption.

Origin and History

Biconomy emerged on the blockchain scene in 2019, rooted in Dubai, and quickly distinguished itself with a mission to streamline the complexity of decentralized transactions. Founded by a trio of visionary entrepreneurs, Ahmed Al-Balaghi, Sachin Tomar, and Aniket Jindal, Biconomy was born from a blend of expertise in coding, cryptocurrency, and design, aiming to enhance the user experience within the blockchain ecosystem.

Ahmed Al-Balaghi, serving as the CEO, brought a wealth of international experience to Biconomy, having immersed himself in the blockchain industries of China, the UK, and the United Arab Emirates. A graduate of Queen Mary University, Al-Balaghi’s prior engagement with Viewfin, a prominent blockchain company in China, endowed him with critical insights and expertise that would shape Biconomy’s strategic direction. Sachin Tomar, the CTO, and Aniket Jindal, the COO, complemented this leadership with their deep roots in blockchain entrepreneurship and software engineering. Tomar’s technical prowess and Jindal’s operational acumen, honed through their experiences in India and the UAE, were instrumental in crafting Biconomy’s foundational technologies and operational strategies.

The inception of Biconomy was also notably supported by heavyweight backers from the blockchain investment community. Prestigious ventures such as Binance and Coinbase Ventures, alongside other influential names like Mechanism Capital and Huobi Ventures, placed their confidence in Biconomy’s potential. This robust backing underscored the platform’s innovative approach to tackling the challenges faced by users of blockchain technology and signaled a promising future for the company.

With its foundation solidly built on the diverse expertise of its founders and the strong support of seasoned blockchain investors, Biconomy set out to redefine the ease of use in the blockchain space. Its origins reflect a blend of international perspectives, deep technological understanding, and a clear vision for making decentralized applications more accessible and user-friendly. As Biconomy continues to evolve, its story remains a testament to the power of collaboration, innovation, and the relentless pursuit of simplifying the blockchain for users worldwide.

Features and Uses

The Biconomy platform provides tools and infrastructure to build high-performance dApps on multiple blockchains. The startup is blockchain-agnostic and currently offers support for Ethereum, Polygon, Binance Smart Chain, Avalanche, and Heco.

Key features include batched transaction processing, meta-transaction Relayers, and API tools to help developers manage gas fees more efficiently. This improves usability by reducing transaction costs and wait times. Biconomy also offers an easy-to-integrate SDK and widgets to add dApps to crypto wallets like Metamask.

Native Token BICO

The BICO token is central to the Biconomy network. It incentivizes Relayers who process transactions in batches to lower gas fees. BICO also enables governance voting, access to core Biconomy products, and staking rewards.

The total supply is capped at 1 billion BICO. Team allocations, ecosystem funds, marketing, liquidity incentives and other costs make up 65% of the supply. The remaining 35% was sold during the IEO or reserved for staking rewards.

Technology Stack

Biconomy is blockchain agnostic and designed to function as a sidechain scaling solution. The core technology components include:

  • Relayers – nodes that process transaction batches off-chain before settling on the main blockchain. This consolidates fees and avoids congestion.
  • BICONOMY Smart Contract – facilitates meta-transactions and Relayer incentives via BICO.
  • APIs – tools to integrate Biconomy’s Relayers and other services into dApps.

The combination of Relayers, meta-transactions, APIs, SDKs and widgets creates a seamless experience with lower fees for end-users.

Market Performance and Trading

Since launching in July 2021, BICO has traded in a range between $0.50 in September 2021 and an all-time high around $16.80 in November 2021. In September 2023, it trades around $0.80, ranking it #201 by market capitalization at $79 million.

BICO is available on major exchanges like OKEx, MEXC,, KuCoin and Huobi Global. Over $4 million worth of BICO is traded daily, with good liquidity compared to other smaller altcoins.

Competitors and Comparisons

As blockchain infrastructure, Biconomy competes with scaling solutions like Polygon, Arbitrum and Optimism. It aims to complement these with meta-transactions and an easy onboarding experience.

Other transaction optimization rivals include Loopring and zkSync, which use zero-knowledge rollups. Unique offerings like batching and gas-less meta-transactions give Biconomy an edge for developers.

Investment Potential and Risks

Biconomy is well positioned to capture growing demand for easy-to-use and cost-effective blockchain applications. With strong financial backing and an experienced engineering team, the project shows significant long-term investment potential if executed successfully.

However, Biconomy remains in the early startup stages. Execution risks, competition, crypto volatility and low token liquidity could limit near term upside and profitability. Careful due diligence is advised before investing in BICO.

In summary, Biconomy brings innovative transaction technology with vast mainstream potential. The project shows promise but still has much to prove as adoption grows. The coming few years will determine if Biconomy can deliver on its lofty goals and establish itself as a leading blockchain infrastructure provider.


Biconomy is a blockchain infrastructure company that aims to make blockchain transactions faster, easier and cheaper. Their multichain relayer infrastructure allows dApps to function without requiring users to pay gas fees for every transaction.

Biconomy was founded in 2019 by Aniket Jindal, Ahmed Albishri and Sachin Tomar. The founding team identified inefficiencies in blockchain infrastructure that made dApps slow and expensive to use. They set out to build solutions to improve the user experience.

Biconomy functions through a network of relayers that sit between dApps and blockchains. These relayers aggregate and queue transactions, allowing many to be bundled into a single transaction. This technique dramatically reduces the number of individual transactions required, lowering costs.

Biconomy is used to power blockchain dApps, NFTs, metaverses and web3 projects. By handling the transaction fees and mechanics in the background, Biconomy enables a smooth user experience. Over 50 dApps have integrated Biconomy so far.

BICO, the native token of Biconomy, can be purchased on major exchanges including OkEx, Mexc and Always research before investing.

As a cryptocurrency, it’s important to store BICO securely. Non-custodial wallets like IronWallet allow you to control your private keys while enjoying features like easy account recovery. Custodial exchanges like Binance also offer storage options.

Biconomy stands out for its innovative relayer infrastructure that solves real issues around blockchain usability. While others focus on NFTs or DeFi, Biconomy targets the foundational layer. This blockchain middleware approach has great potential.

Latest news