What is Biconomy? Is BICO a good investment in 2022?
In this week's Wealth Mastery Coin Review, we’ll discuss the following topics about Biconomy Crypto.
- What is Biconomy?
- Gasless NFT
- What is Biconomy built for?
- What is a BICO token?
- How to buy Biconomy token?
- Is BICO a good investment?
What is Biconomy?
Biconomy is a valuable development tool built using the Ethereum Blockchain. Biconomy assists by creating Software Development Kits (SDK) and Application Programming Interfaces (APIs) for practical blockchain applications. This doesn’t mean a whole lot to the average crypto user, but it means a great deal to those building the dApps you want to moon. By creating better tools for the builders and innovators of the industry, we get better products and it is easy to see the benefit of having a product like Biconomy develop these tools.
Biconomy helps to simplify the entire transaction process by designing an optimized infrastructure for better transaction management. Managing gas fees under the hood and cutting back costs to developers by 40%. Using a Meta Transaction, Biconomy can allow any third party to pay the transaction costs for accounts with a zero balance. Biconomy has already saved dYdX traders over $700,000 in gas fees. In 2022, Biconomy claims to have on-boarded more than 1.5 million unique users and helped develop over 100 dApps since its release. Biconomy has built support tools for Ethereum, Polygon, xDai, Binance Smart Chain, Moonriver, Optimism, Moonbeam, Arbitrum, Fantom, Avalanche, Edgeware, Celo, and Bobabeam Networks.
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