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

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Rating

B

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)

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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
NameDesignationEducationExperience
Ahmed Al BalaghiCo-FounderQueen Mary University of London- Bachelor of Science (Bsc),Economics,statistics and math17yrs
Fudan University- Chinese Language
Aniket  JindalCo-FounderFudan University - Master’s Degree, IMBA19yrs
Punjab Engineering College - Bachelor’s degree, Electrical Engineering
Tel Aviv University( Coller School of Management)-Master’s degree, Entrepreneurship and Entrepreneurial studies
Sachin TomarCo-Founder & CTODr Ambedkar University of Technology- Bachelor’s Degree, Computer Science10Yrs
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