DOGE
08/27 20:45
Who Are the Founders of Biconomy?
Biconomy was founded by an international team of blockchain entrepreneurs. Ahmed Al-Balaghi, one of the project’s co-founders and a Queen Mary University alumnus, has spent over three years in the blockchain industry in China, the UK, and the United Arab Emirates and previously worked for Viewfin, a leading Chinese blockchain company. The other two co-founders are Indian blockchain entrepreneurs Sachin Tomar, who has a background in software engineering, and Aniket Jindal, who previously worked for blockchain projects in the UAE.
How Many Biconomy (BICO) Coins Are There in Circulation?
BICO is the network’s native utility token with a total supply of 1 billion. Node operators on the network pay a transaction fee in BICO to add information to the blockchain. Token holders can earn rewards from staking and securing the network. BICO is also used to vote on governance proposals, such as changing the code, adding additional services, or use of treasury funds. The token allocation is as follows:
Community (38.12%): 7.5% on TGE, 47 months linear release.
Foundation (10%): 10% on TGE, 12 months lockup, 24 months linear release.
Team and advisors (22%): 12 months cliff, 24 months linear release.
Pre-seed round (6%): 9 months lockup, 27 months linear release.
Seed round (6.38%): 9 months lockup, 24 months linear release.
Private round (12%): 10% on TGE, 12 months lockup, 24 months linear release.
Strategic investors (0.5%): 10% on TGE, 6 months lockup, 24 months linear release.
Public sale (5%): 3 months linear release, or 10% on TGE, six months lockup, six months linear release.
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