IMPORTANT: This project is NOT currently trading, but has been on my radar for about a week or two and has officially got my buy-in given its limited ICO’s performance. We are expecting news of its first major exchange release leading up to its TGE on 11/23/21. This is Blue Chip Crypto potential, and has some pretty impressive supporters which I will get into below. The thing to keep in mind is DAY 1 listing will be a HUGE PUMP. I DO NOT RECOMMEND BUYING ON RELEASE. You’ve been warned.
Now for some DD:
Biconomy (BICO) is a project looking to massively impact cross-chain transactions and development via seamless web3 and plug-and-play API’s. They have 3 core programs (Hyphen, Gasless, and Forward) which offer various features to accomplish their goals.
Hyphen offers flexible gas fee payment options, fast inter-chain transactions, and easier layer 1 to layer 2 onboarding. More Info
Projects integrating Gasless will effectively eliminate gas fees for their users. This is HUGE, as most people are out off from using many DApps simply due to the ridiculous, and often highly volatile, gas prices. This would be a great selling point for any project, and personally, I’m glad to see this next step in the industry. There are some platforms that offer “gas refunds” but there is usually a cap or a minimum spend. More Info
Lastly, we have Forward which offers an integrated way for users of any platform it’s on to pay for gas fees on L1 and L2 with ERC20 OR Stablecoins! Imagine, no longer having to constantly convert that little bit of extra ETH and instead simply paying with DAI, or USDT, or any other stable coin. This also adds the possibility of incentivizing users for using a particular coin to pay gas fees, or discounting gas fees in general. More Info
So far, there are several smaller platforms that have integrated these programs, and by most accounts they are working as advertised. What more can you ask for?
As if the above wasn’t enough to make a decent case for at least raising a brow at this project, here is a list of its confirmed supporters:
Yeah, you’re reading those correctly.
BICO already had two ICO options back between 10/14/21 and 10/19/21. Both sold out relatively quickly, netting BICO their goal of $11.5M and putting 50M tokens in the hands of investors. The first wave of these to be unlocked for public sale happens “on or around” 11/23/21.
Now if you’re thinking you missed the boat, don’t fool yourself. Total Supply is 1B and the only other people that have this token, aside from the developers, is the early group that got into the private sale where 120M tokens were up for grabs. Doing the math means about 830M are left to go, which is not bad at all.
In terms of the public sale coming up, it’s hard to say what the initial price will be but I can tell you it will likely be > $0.5, and it will soar VERY FAST. This is why I say, don’t buy right away. A week or so after TGE we will likely have a stable floor to grab up, as well as an idea of how high this thing can climb. Below you will see the planned breakdown for the token supply:
This is also promoting a bullish case for me, because any coin that puts the majority of the supply in the hands of its community means a lower likelihood of a rug pull.
Overall, I am quite bullish on the project, and several people that I personally feel comfortable taking advice from are playing this with me.
Their goals have all been met so far along the roadmap, they have great supporters, they have in-use platforms, their community seems very supportive and bullish, and the hype is ever-growing. I will update a bit more soon, just want y’all aware for now…