What Is What Is Biconomy?
Biconomy is a relayer infrastructure network and a transaction superhighway for Web 3.0designed to reduce friction between blockchain applications and end-users. Thus, the startup is helping blockchain developers simplify the onboarding and transaction experience for Web 3.0 projects. The Biconomy team is focused on improving the user experience of decentralized applications to make it easier to work with Web 3.0, which will possibly lead to mass adoption of the product.
Q2/2019: Established Biconomy.
Q3/2019: Provide security for Polygon.
Q4/2019: Launched GasLess Alpha version.
Q1/2020: Searching for accelerator funds for the initial development of Biconomy.
Q2/2020: Beta version is launched on Ethereum blockchain.
Q3/2020: Mainnet launch on Pylogon, Binance Smart Chain, xDai.
Q4/2020: Raised $1.5m in strategic support.
Q1/2021: More than 30 apps integrated, 290,000 transactions on mainnet, 7.8 million API Calls (requires support for bridging between clients – Dapps and servers- Biconomy).
Q2/2021: Raised $9M for private round, 3.69 million transactions on mainnet, 54.29 million API Calls.
Q3/2021: Launch of Hyphen, 8 million mainnet transactions and 120 million API calls.
Clink here: https://idodar.com/listing/biconomy-bico/ ?
Market maker crypto helps in providing liquidity to the market. They submit bid and ask limit orders to ensure the stability of the prices. Market makers profit from the difference between bid and ask prices, which is called bid-ask spread.