Biconomy

Halal Rating :
Comfortable
Last Price $0.53 Last updated:
Rank 174
1D Change -3.31 %
Market Cap $382.37m
Circulating supply 722,758,758
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Interoperability
  • Coinbase Ventures Portfolio
  • Binance Labs Portfolio
  • Fenbushi Capital Portfolio
  • MVB

Biconomy provides plug-n-play APIs to make web3.0 user-friendly & frictionless. Biconomy is on a mission to make the decentralized web accessible to everyone. We are the missing piece to crypto adoption for onboarding the next billion. Our APIs & SDKs transform any dAapp to become usable for anyone regardless of their crypto knowledge and experience. Our multi-chain relayer infrastructure processes almost 50K daily transactions for 40+ DApps to ensure all the benefits of web3.0 come with the intuitiveness of web2.0. Biconomy provides a simple & quick way for Dapps to abstract away web3 complexities for their users. With Biconomy, users get a simple multi-chain experience where they connect their wallet to any dApp, instantly access their funds on any chain or L2/rollup, and enjoy a completely gasless experience. We enable this superior experience though powerful features: 1) Free gasless transactions 2) Instant cross-chain transfers 3) Flexible options to pay gas 4) Assured successful transactions 5) Simple instant onboarding to scaling solutions 6) Automatically connect to any L2 & EVM compatible chains 7) Cheap and instant cross-chain contract calls The future of the internet is decentralized, and Biconomy is a critical infrastructure on which it will stand. We make web3.0 more usable, interoperable & composable.

Crypto Impact

To assign a comfort level investing in Biconomy from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Biconomy.

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Justification for our Halal Rating