Biconomy (BICO) Gets Listed on KuCoin!
03/24/2022, 17:51:58
Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Biconomy (BICO) will be available on KuCoin. Supported trading pair is BICO/USDT.
Please take note of the following schedule:
- Deposits Effective Immediately (Supported Network: ERC20)
- Trading: 09:00 on March 25, 2022 (UTC)
- Withdrawals: 09:00 on March 25, 2022 (UTC)
Tags: Platform, Interoperability
Project Summary
Biconomy aims to reduce the entry barrier for developers building on Web 3 by providing a plug-and-play relayer infrastructure to developers. The current products include a meta-transaction middleware through which dApp users can delegate gas fee payment to the service provider and a cross-chain bridge.
BICO is the native token of the project. The current use cases for BICO include:
Network fee: In order for users to add any information on the chain, they will need to pay a transaction fee in BICO.
Staking: Relayers need to stake BICO to become a relayer and they get rewards for relaying the transactions correctly. Users can delegate their tokens to relayers as well.
Governance: BICO holders can propose and vote for decisions such as changes to the network’s code, adding additional services, or decisions regarding the disbursement of its treasury funds.
Official Website: https://www.biconomy.io/
Whitepaper: Click to view
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
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