What is the issuance and circulation of Biconomy (BICO) coins?

Biconomy's (BICO) initial token distribution allocated 57% of coins to the community and private investors, ensuring widespread ownership and participation in the network's growth.

Dec 03, 2024 at 06:27 pm

What is the Issuance and Circulation of Biconomy (BICO) Coins?Introduction

Biconomy (BICO) is a decentralized network that provides seamless Web3 integration for businesses and end-users. The BICO coin is the native token of the Biconomy network, used for various purposes within the ecosystem, including transaction fees, staking, and governance.

Issuance of BICO Coins

Initial Token Allocation:
- During the token generation event (TGE), a total of 1 billion BICO coins were issued. Out of this, 57% was allocated to the community and private investors, 15% to the team, 10% to advisors and strategic partners, 9% to the ecosystem fund, and 9% to the liquidity pool.
Token Distribution:
- The BICO coins were distributed in several rounds, including public, private, and seed rounds.
Mining:
- BICO is not a mineable token.

Circulation of BICO Coins

Total Supply:
- The total supply of BICO coins is capped at 1 billion.
Circulating Supply:
- The circulating supply of BICO coins gradually increases as the network grows and new coins are released from the ecosystem fund. The exact circulating supply fluctuates based on issuance and burn mechanisms. As of [insert current date], the circulating supply is approximately [insert circulating supply].
Token Availability:
- BICO coins are available for trading on various centralized and decentralized exchanges, including Binance, Huobi, and Uniswap.

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