Biconomy

Biconomy is a multi-chain relay protocol that simplifies the on-chain transaction process for end users. Any dApp can use Biconomy's plug-and-play API for a smoother user experience. The key problem with the current usability of cryptocurrencies is that blockchain transactions are complex. Users must be proficient in crypto wallets, handling gas fees, actively managing each transaction, transferring funds across chains, and more. Even if the above operations are completed, they still face a long wait and a bad experience of transaction failure.
For newcomers to crypto, they have a daunting learning task to begin with, which can easily be daunting. More importantly, dApp teams must invest time and effort in educating users about blockchain technology. Mainstream users don't want to deal with blockchain headaches.
This is where Biconomy comes in. Biconomy provides an easy and fast way for dApps, saving users from complicated processes. Biconomy does this through its own unique products, namely Gasless, Forward and Hyphen, which are easily accessible through Biconomy's API and SDK.
<h3 data-header="3">Biconomy main products</h3>
<h4 data-header="4">Hyphen (instant cross-chain protocol)</h4>
Hyphen provides developers with a set of simple APIs that allow cross-chain transfer operations. Currently, it supports the transfer of tokens such as ETH and USDC between Polygon and Ethereum, Avalaunch, and BSC networks. The implementation method is that Hyphen will maintain the liquidity of tokens on the two chains. After receiving the user&rsquo;s tokens on one chain, it will transfer the tokens on the other chain. If there are too many one-way outputs, it will automatically balance fluidity.
Due to the need to maintain liquidity, and therefore, users need to pay fees to liquidity providers when transferring across chains. From the Hyphen cross-chain implementation method, it can be seen that the cross-chain transfer fee that users need to pay when transferring funds from one chain to the target chain includes the liquidity provider fee (0.1% of the transferred funds) and the user's payment to Biconomy to transfer funds from The transaction fee for receiving funds on the target chain (related to the gas cost of the target chain).
<h4 data-header="4">Gasless (No gas fee transaction)</h4>
Gasless enables DApp developers to pay Gas fees instead of users, thus bringing users a smoother experience. For example, The Sandbox cooperates with Gasless under Biconomy to help users migrate Tokens without gas fees.
<h4 data-header="4">Forward (flexible gas fee payment)</h4>
Forward provides an easy-to-use API that allows Dapp users to use ERC20 tokens to pay Gas fees. And ensure that the transaction will not fail, while optimizing the Gas fee. Proposing Forward mainly considers the following points: A common situation is that Dapp users have a bunch of ERC-20 tokens in their wallets, but no ETH. At this time, users can neither transfer nor use these tokens. Transactions in the wallet may cause Dapp users to wait for minutes or even hours before continuing to interact with the Dapp, and sometimes the transaction may even fail.
For new Ethereum users who want to experience the Dapp but do not have ETH, they may have to complete KYC, buy ETH from a centralized exchange, download and learn to use the wallet, and finally connect to the Dapp. It is undeniable that this is a long and unfriendly process. In addition, using ETH to pay gas fees is also expensive, and when the price of ETH increases, the gas fee price also increases.
Forward can use any ERC-20 token to pay the gas fee, and use these tokens without ETH, which will bring a good user experience. New users of DApp can use the token provided by Dapp to get started quickly, or use stable currency instead of ETH to pay Gas fees. The first use case of Forward is Forward Swap, which differs from Uniswap in that it provides a variety of stablecoins as a means of paying gas fees.
<h3 data-header="3">Summarize</h3>
Biconomy Vision is a technology company dedicated to developing a multi-chain transaction infrastructure for the next generation of Web3 applications. Through Biconomy's powerful and easy-to-use API, developers can provide users with a simple and customized use process, which is more friendly to developers, end users will not feel difficult to get started due to the complexity of the blockchain, and solve the important pain points of encrypted transactions .

0xf17e65822b568b3903685a7c9f496cf7656cc6c2

0xa68ec98d7ca870cf1dd0b00ebbb7c4bf60a8e74d

Biconomy (BICO) Intro

https://cdn.mytoken.org/out/059b7739c7df2633495974f3af82f5ae

What Is Biconomy (BICO)? The Token That Fell 99.9% and Came Back From the Dead This Week

https://camelhash.s3.ap-southeast-1.amazonaws.com/1789632477817_wc5t94zfvcs_btc2.jpg

Datavault AI Unable to Withdraw BTC Held at Biconomy as Shares Plunge Nearly 50%

highest

Duration

lowest

facebook

twitter

reddit

weibo

github

Please note that you are going to a third-party website. This website is not controlled by MyToken and you are responsible for your own operation risks.

MyToken (www.mytokencap.com) is dedicated to meeting users' comprehensive needs for global digital asset market data and news, and is one of the most influential digital asset market websites in the industry. We strive to provide the best one-stop investment experience for global users, presenting valuable content, news, and social experiences, as well as integrating more in-depth investment tools.

About Us - MyToken

What is MyToken?

Strategy Trading

On-chain Monitoring

The Future is Here

Learn about MyToken

{{name}} Price_{{symbol}} Today’s Market_{{name}} K-line Chart - MyToken

MyToken provides global cryptocurrency users with the latest {{name}} price, {{name}} today's market, {{name}} K-line trend chart, trading platforms, as well as {{name}} news, calendar events, holding changes, overall market trend, trading pair transaction proportion, market cap ranking trend chart

{{exchange}}{{name}} Price_{{symbol}} Today's Market_{{name}} K-line Trend - MyToken

Name

Currently, fund inflows are less than outflows {{compare}} outflow

Future market may have a {{judge}} possibility

The current market strength is relatively {{value}}, please control risks reasonably

The short-term trend has not yet formed a consensus, it is recommended to wait and observe until the market becomes clear

From a technical perspective, the major trend has not yet formed a consensus

The short-term market is in a {{value}} trend

From a technical perspective, the overall market direction is {{value}}

Based on multiple indicators, the current market trend at the {{time}} level is {{name}}

MyToken provides a comprehensive analysis of the cryptocurrency derivatives market, offering real-time price updates, open interest, and trading volume rankings to help you stay informed on digital asset market trends.

Providing {{pairs}} {{type}} {{exchange_name}} contract prices, trend charts, long/short ratios, liquidation data, funding rates, and more.

{{pairs}} {{type}} {{exchange_name}} Contract Price Chart - MyToken

Crypto Derivatives Market Overview: Real-Time Prices & Trading Insights | MyToken

Current Open Interest/24h Change

BTC 4H Long-Short Ratio

Token Liquidations

Exchange Liquidations

Total Liquidations

Long

Short

Liquidation

Liquidation Information

Liquidation Heatmap

Real-time Liquidation

Market

Derivatives Market Data

Futures Market

Funding Rate Data

Highest Funding Rate

Lowest Funding Rate

Global Liquidation

BTC Global Open Interest

BTC Open Interest on Exchanges

Top Open Interest Losers

Top Open Interest Gainers

Total Open Interest

Open Interest Trend

The statistics reflect the ratio of long and short positions actively traded within a 4-hour period.

Cryptocurrency Funding Rate, Bitcoin Funding Rate, Binance Funding Rate, OKX Funding Rate, Bybit Funding Rate, Perpetual Contract Funding Rate, Real-time Funding Rate Data, Funding Rate Comparison

Real-time Cryptocurrency Funding Rate Comparison, Bitcoin Funding Rate | Binance, OKX, Bybit Perpetual Contract Funding Rate Data | MyToken

By applying to become an order recipient and binding the trading API, you agree to the following disclaimer:

1. API Usage Responsibility: The individual operator acknowledges and confirms that binding the trading API is for executing contract trades. All transactions executed via the API are independent of the order recipient’s decisions, and the order recipient assumes full responsibility for the trading results.

2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

6. Compliance: Leaders using the API must comply with all applicable laws and regulations. Violations may result in the termination of the order recipient’s qualification.

7. API Privileges: Leaders acknowledge and agree that the privileges granted by API binding will allow contract trading execution. The platform is not responsible for losses caused by the improper use of API privileges.

8. Disclaimer Changes: The platform reserves the right to modify the disclaimer at any time. Changes will be notified by the platform. By continuing to use the API, the order recipient agrees to any modifications to the disclaimer.

I have read, understood, and agreed to all the terms of the above disclaimer.

Top 100 Cryptocurrencies by Market Cap

Global Cryptocurrency Market Cap

Increased in the Last Day

Crypto Futures Market

24h Futures Trading Volume

Decreased Yesterday

Rising

MyToken - Your Expert in Digital Asset Market Data and Analysis. Providing the latest Bitcoin and cryptocurrency price trends, comprehensive on-chain data insights, and rich market analysis tools to help you stay ahead in the crypto market.

[Real-Time Update] Bitcoin & Crypto Market Price Trends and On-Chain Analysis - MyToken Market Insights

MyToken offers a comprehensive set of cryptocurrency analysis tools, covering real-time price updates, market trend analysis, and the latest crypto data. A one-stop solution to help you deeply understand and navigate the digital asset market.