Biconomy

Biconomy Airdrop

Team: Biconomy (founders: Ahmed Al-Balaghi, Aniket Jindal, Sachin Tomar)
Category
DeFi
Status
Archived
Difficulty
Funding
$20 M
Rating
N/A
Tasks5
No ratings yet

Event Timeline

Biconomy relayer

2019

Completed

Hyphen cross-chain

2021

Completed

CoinList public sale

Oct 2021

Completed

BICO TGE

Nov 2021

Completed

Account abstraction

Live Now

About Biconomy

Biconomy is a Web3 infrastructure platform that makes blockchain apps easier to use by removing friction from transactions enabling gasless ("meta") transactions where dApps sponsor gas, account abstraction and smart accounts, and cross-chain transfers via its Hyphen bridge. It lets developers give users a seamless, Web2-like experience. Founded in 2019, Biconomy launched the BICO token in November 2021. BICO is used for paying network fees, staking by node operators, and governance.

1B BICO fixed supply
Gasless txns
Account abstraction / smart accounts
Cross-chain transfers via Hyphen
TGE details for the BICONOMY airdrop
TGE details for the BICONOMY airdrop

BICO launched Nov 23, 2021 with a fixed 1B supply, distributed via a CoinList public/community sale rather than a retroactive airdrop. Allocation: 38.12% Community Rewards & Incentives (381.2M), 24.88% Investors across seed/pre-seed/private/strategic rounds (248.8M), 22% Team & Advisors (220M), 10% Foundation (100M), and just 5% Public Sale (50M) all now fully vested. Honest flag: combined insiders (team + advisors + investors ≈ 47%) held nearly half the supply with only 5% sold publicly; BICO is now fully unlocked and trades around $0.02, far below its 2021 highs. Category = Cross-Chain/Interoperability (Web3 infra); Status = Done.

BICONOMY token allocation at TGE
BICONOMY token allocation at TGE

How the Biconomy airdrop worked

Step 1

Get a wallet

Set up MetaMask or a smart-account wallet.
Step 2

Acquire BICO

Buy on an exchange and withdraw.
Step 3

Try gasless dApps

Use apps integrating Biconomy for gasless UX.
Step 4

Bridge via Hyphen

Move assets cross-chain through Biconomy.
Step 5

Stake / build

Stake BICO or integrate the SDK as a developer.

Was the Biconomy airdrop worth it?

  • There wasn't a real airdrop. BICO was distributed through a CoinList public/community sale and ongoing incentive programs there was nothing to claim for free retroactively.
  • Sale allocation was tiny. Only 5% went to the public sale, while insiders (team + investors) held ~47%, so early access was limited and heavily gated.
  • Value evaporated post-launch. BICO peaked around its 2021 listing and has since fallen to ~$0.02 list it as Web3 infrastructure, not an airdrop opportunity.

This airdrop has concluded. It is kept for research rather than participation.

Why we built Airdrop Meta

Why We Built Airdrop Meta

36 million HYPE tokens went unclaimed over a missed T&C signature. That is $1.2 billion lost to a single update, and one of many such cases.

One overlooked deadline should not cost you a life-changing airdrop. Crypto Twitter is loud; we cut through it so you do not have to.

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