Biconomy Labs
Name
Biconomy Labs
Summary
-Biconomy is a multichain relay protocol aids in the improvement of the user onboarding and transaction process on decentralized applications (DApps)
-It was founded in 2019 by Ahmed Al Balaghi, Aniket Jindal and Sachin Tomar
-Biconomy is a based on the Ethereum blockchain network
Rating
Symbol
BICO
Overview
Biconomy’s Primary goal is to evolve Web 3.0 products as intuitive and easy to use as Web 2.0 products.Biconomy offers an infrastructure that solves several Web 3.0 issues
It allows onboard users without paying gas fees, Users can pay gas in an ERC-20 token of their choice. Users are able to avoid blockchain complexities like a change of network and even transactions are confirmed much faster.
Historical Price Movement (in INR)
Community
38.12%
Foundation
10%
Team and advisors
22%
Pre-Seed
6%
Seed
6.38%
Private Round
12%
Strategic Investors
0.5%
Volume ( as of 11th april 2022)
$18,102,075
Total Supply
1,000,000,000 BICO
Circulating Supply
122,695,351.78 BICO
Crowd Sales
Biconomy has raised a total of $22M in funding over 7 rounds
Funding
28/10/2021-ICO-$11.5M
14/10/2021-Seed round-N.A
28/07/2021-Seed round-$9M
11/01/2021-Seed round-$1.5M
29/06/2020-Series C- N.A
01/06/2020-Corporate round-N.A
01/03/2020-Pre-Seed-N.A
Country
Singapore
Year Incorporated
2019
Registered Address
Singapore,Central Region, Singapore
Dispute Resolution and Governing Law
Singapore
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Ahmed Al Balaghi | Co-Founder | Queen Mary University of London- Bachelor of Science (Bsc),Economics,statistics and math | 17yrs |
| Fudan University- Chinese Language | |||
| Aniket Jindal | Co-Founder | Fudan University - Master’s Degree, IMBA | 19yrs |
| Punjab Engineering College - Bachelor’s degree, Electrical Engineering | |||
| Tel Aviv University( Coller School of Management)-Master’s degree, Entrepreneurship and Entrepreneurial studies | |||
| Sachin Tomar | Co-Founder & CTO | Dr Ambedkar University of Technology- Bachelor’s Degree, Computer Science | 10Yrs |
