What is Biconomy?
Biconomy is a multi-chain decentralized transaction infrastructure that simplifies the process of using decentralized applications (dApps) by providing seamless and gasless transactions. It aims to improve the user experience in blockchain applications by enabling easy transactions and integration.
Who is the Founder?
Biconomy was co-founded by Ahmed Al-Balaghi, Aniket Jindal, and other key members of the team.
When Did It Start Operations?
Biconomy began operations in 2021.
Where Is It Based?
Biconomy is headquartered in India.
In Which Countries Is It Banned?
Biconomy primarily operates in countries that support blockchain technology, but it may face restrictions in regions with stringent cryptocurrency regulations, including:
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may have regulations limiting access to Biconomy’s services.
What Is the Trading Fee?
Biconomy typically focuses on transaction facilitation rather than direct trading. The fees may vary based on the specific dApps or services used, so it’s advisable to check the relevant dApp for detailed fee structures.
Is Margin Trading Available?
Biconomy itself does not provide margin trading, as it primarily serves as a transaction infrastructure. Margin trading would depend on the dApps integrated with Biconomy that offer such features.
