CoinList Announces Biconomy Token Sale On October 14 – The Quiz Answers

By Tsunami On Oct 7, 2021

CoinList has announced that registrations for the Biconomy (BICO) Token Sale are now open. The sale begins on October 14, 17:00 UTC and the deadline is October 11, 2021 at 23:59 UTC.

What is Biconomy?

Biconomy is the multi-chain transaction infrastructure for making Web 3.0 frictionless and mainstream. Through Biconomy’s plug & play APIs, decentralized apps (dApps) become accessible to anyone regardless of their crypto knowledge and experience. Biconomy helps remove blockchain headaches through features such as gas-less transactions, instant cross-chain transfers and flexible gas payment options.

Key Highlights:

Interoperable: Biconomy believes in a multi-chain future, but one where users don’t need to know it’s multi-chain. Everything is quick, affordable, and scalable but they don’t deal with added frustrations such as painfully slow cross-chain transfers & onboarding. Biconomy handles these under the hood so that the user has a smooth interoperable experience.

Usable: Biconomy envisions a gasless future where users don’t need to bother about blockchain nitty-gritty such as paying gas, choosing the right network or chain, or performing some sort of alchemy to ensure a quick successful transaction. Everything should just work seamlessly.

Composable: Biconomy makes adding a better & simpler user experience to any dApp as simple as adding a lego piece. Biconomy APIs & SDKs can be integrated onto any dApp, on all major chains, and for a huge variety of use cases.

Token Economics

BICO is the native token of the Biconomy blockchain. The Biconomy blockchain will act as a settlement and verification layer for all the activity on the Biconomy Network across all supported chains. The node operators pay a transaction fee in BICO to add any information on the chain and they earn BICO proportional to the work they perform on the network .

There are in total 1 billion BICO tokens in supply distributed as follows:

Backer

Team

CEO & Co-Founder – Ahmed Al-Balaghi: 4 years of blockchain and crypto experience in research, investing, and business development. Previously Ahmed worked at Dow Jones, Citibank and for one of the leading Middle East VCs assisting with blockchain deals.

CTO & Co-Founder – Sachin Tomar: 8+ years in software engineering; worked for Samsung and Make My Trip (Indian Unicorn); 2 years of blockchain/crypto experience in smart contract development and as a blockchain lead for Stacks City.

COO & Co-Founder – Aniket Jindal: 4 years of blockchain/crypto experience in exchanges, investing, and community development in India. Previously Aniket worked for Binance, joining when it had only 20 employees in Shanghai, helping  it to scale.

Sale Details

The sale has two public options with different terms:

Option 1 will run from Oct 14 2021, 17:00 UTC
Option 2 will run from Oct 14 2021, 23:00 UTC

	Option 1	Option 2
Asset	BICO tokens	BICO tokens
Fixed Sale Price	$0.25 per token	$0.15 per token
Sale Period	October 14, 2021 17:00 UTC – October 20, 2021 23:59 UTC	October 14, 2021 23:00 UTC – October 20, 2021 23:59 UTC
Supply for Sale	4% (40M tokens)	1% (10M tokens)
Purchase Limits	$100 min $1,000 max	$100 min $1,000 max
Funding Methods	USDT, USDC, ETH, BTC	USDT, USDC, ETH, BTC
Lockup and Release	3-month linear release starting on or around November 23, 2021	10% unlock on or around November 23, 2021, followed by a 6-month cliff, and following that 6-month monthly release
Excluded Participants	Excluded participants include residents of the US, Canada, China	Excluded participants include residents of the US, Canada, China.

The Quiz Answers

For complete registration of Biconomy Token Sale on CoinList, you have to complete the qualification quiz, follow that:

Click Continue.

If you do not have Coinlist account, register here.

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