In Brief:
- Biconomy has raised $11.5M in public sale of its native token $BICO on CoinList.
- The sale took place on CoinList on Oct 14 with 2 public token sale
- The network aims to give an easy, simple and secure protocol
A Multichain relayer network Biconomy has raised $11.5M in the public sale of its native token $BICO on CoinList.
According to the announcement, the BICO sale added more than 12,000 new token holders to the Biconomy community. The sale was highly anticipated; over 850k enthusiasts waited to become part of the company ecosystem.
The $BICO token sale took place on CoinList on October 14 with 2 public token sale options and the price was set at $0.25 and $0.15 respectively. The total amount of available tokens for the sale was 50M BICO Token, which split into 40M in 1st round and 10M in 2nd round.
The Network aims to give an easy, simple, and secure protocol to allow cross chain communication in a decentralized way. DeFi has emerged as a significant use case for Biconomy’s first product Gaseless. Gasless permits DeFi apps to pay gas fees on behalf of their users resulting in effortless onboarding and improved user experience.
Recently, the most famous trading app CoinList has raised $100M in a Series A funding round, bringing a valuation of $1.5 billion. The funds utilized to scale company services that participated in the funding round include Alchemy Capital, Metaplanet, etc. The company is highly focused on fast-growing regions in Asia, Europe, and the Middle East.
