Multi-chain transaction community Biconomy has raised $11.5 million by means of the general public sale of its native token BICO on CoinList.
- Biconomy, which raised $9 million in July from buyers together with Coinbase Ventures and Huobi Innovation Labs, follows initiatives akin to Solana, Mina, Algorand and Flow in turning to CoinList to assist promote their native tokens.
- The sale added 12,000 new token holders, having attracted greater than 860,000 registrations, Biconomy introduced Thursday.
- Biconomy goals to make growing decentralized apps (dapps) comparatively straightforward by providing plug and play utility programming interfaces (APIs) that assist relay transactions between layer 1 blockchain networks, the principle community on which a cryptocurrency runs, and layer 2, a companion system that helps a crypto system deal with extra knowledge. It at present has greater than 70 Web 3.0, decentralized finance (DeFi) and non fungible token (NFT) dapps utilizing the protocol to supply finish customers gasless transactions and on the spot cross-chain transfers.
- To date, Biconomy has processed greater than 8.2 million transactions throughout Ethereum, Polygon, Binance Smart Chain, Avalanche and Moonriver.
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