Biconomy is a multi-chain transaction infrastructure project designed to make Web 3.0 transactions more seamless and ubiquitous. Decentralized applications (DApps) are now more easily accessible to all types of users through Biconomy's plug-and-play API. In addition, Biconomy's technology will also help remove existing barriers to blockchain, thanks to features such as gas-free transactions, instant cross-chain remittances and flexible GAS payment options.

Biconomy vision is a technology company dedicated to developing a multi-chain transaction infrastructure for the next generation of Web3 applications. Through Biconomy's powerful and easy-to-use API, developers are able to provide users with a simple and customized process that is more developer-friendly. End users are not hindered by the complexity of blockchain, addressing key pain points in crypto transactions

The key issue with the usability of cryptocurrencies today is that blockchain transactions are complex. Users must be proficient in encrypted wallets, handling gas bills, proactively managing each transaction, transferring funds across chains, and so on. Even after that, they face long waits and the awful experience of failed trades. For new cryptographers, it's easy to be daunted by the daunting task of learning to get started. More importantly, the dApp team must invest time and effort to educate users about blockchain technology. Mainstream users don't want to deal with these blockchain headaches.

Biconomy offers dapps a quick and easy way to relieve users of complex processes. Biconomy does this with its own unique products, namely Gasless, Forward and Hyphen, which are easily accessible through Biconomy's API and SDK. Biconomy has proposed a "Meta Transactions" solution to solve the current problem of high on-chain Gas costs. The essence of Meta Transactions is to allow dApp developers to pay transaction costs on behalf of their users, so as to attract users to actively use corresponding DApps. Thus promoting the further development of blockchain. For the average user, who needs a wallet to connect to any DApp, any public chain, L2 network, and to enjoy gas-free transactions, Biconomy has simplified these complex functions through a series of processes.

BICO is the original token of Biconomy blockchain, with a total of 1 billion. The specific distribution is as follows: 6% : early supporters (9 months lockup period, 27 months of linear unlocking, 3 years of general exercise right); Strategic sales (9 months lock-up period, 24 months linear exercise, 2 years and 9 months general exercise); 12% : private sales (TGE liquidity 10%, lockup period 6 months, linear exercise 24 months, total exercise 2.5 years); 22% : team and advisor (cliff for 12 months, linear for 24 months, total for 3 years); 10% : Treasury (TGE 10% liquidity, 12-month lock-up period, linear exercise for 24 months, general exercise for 3 years); 38.12% : Community rewards and incentives (1/47 of monthly linear release); 5% : public offering.

1. For collecting transaction fees for the network. 2. Reward node verifier, and users provide liquidity. 3, governance, participate in the voting of important decisions in the network.

1. Node operator verifier and executor pledge BICO to begin contributing to the network. The BICO they earn is proportional to their contribution and their BICO shares. In the case of bad behaviour, networks can also cut their stakes. Validator listens for related transactions on other chains and records them on the Biconomy chain. The executor sees these transactions and takes action. 2. Principal BICO token holders pledge their tokens to further protect the network. The BICO they earn is proportional to their BICO shares. 3. Liquidity provider LP provides liquidity of various crypto assets for liquidity pools on different chains of the protocol. Users will be charged a small fee for using the liquidity pool, which will be allocated to the liquidity provider. In addition to this fee, they will earn BICO based on their relative contribution to a given liquidity pool.

Interoperability: Biconomy believes in a multi-chain future, but users don't need to know it's multi-chain. Everything is fast, affordable, and scalable, but they don't deal with additional frustrations like slow cross-chain transfers and onboarding. Biconomy handles this behind the scenes so that users have a smooth interoperable experience. Availability: Biconomy envisions a gas-free future where users don't have to worry about the details of the blockchain, such as paying for GAS, choosing the right network or chain, or performing some sort of alchemy to ensure a fast and successful transaction. Everything should work seamlessly. Composable: Biconomy makes adding a better, simpler user experience to any dApp as easy as adding Lego bricks. The Biconomy API and SDK can be integrated into any dApp, all major chains, and used for a variety of use cases.

The core focus of Biconomy is meta-transactions, an abstract blockchain approach that allows users to bypass intro complexities such as paying fees or changing meta-mask RPC, making it a good way to abstract blockchain complexity and increase cryptography adoption. Technically separate the sender (end user) of transactions on smart contracts from gas. It opens up interesting use cases such as no GAS transactions, network agnostic transactions and the ability to pay for GAS in ERC20 tokens, etc. As L2 usage increases and ETH 2.0 gets closer, we will see GAS prices drop dramatically. Therefore, in the next few years, we will see multiple projects that support meta-transactions to provide customers with all their GAS bills.

1. Smart contract risk: Biconomy's token transfer relies on multi-chain liquidity pools, requiring the deployment of smart contracts in multi-chain, which undoubtedly increases the complexity of the project and the risk of being attacked. 2. Risk of token selling: only 5% of BICO tokens are sold publicly, so there is great pressure of token selling.

Biconomy is on the track of Web3.0 infrastructure. Biconomy's technology helps remove the existing barriers to blockchain and expand the acceptance and application of blockchain technology by the public. The application prospects are bright, the team has strong technical strength, and it is favored by many well-known investment institutions.