Biconomy is a protocol with multichain relayer structure that is gas-efficient and scalable. The project is working on improving user onboarding and simplifying the transaction process on DApps, making Web3 products intuitive and easy to use. The network’s architecture enables users to purchase gas in a ERC20 or DApp token of their choice, allowing for gas-less transactions. By integrating the concept of meta-transactions, Biconomy’s products Mexa (for gasless transactions in DApps), Forward (for users who want to pay transaction fees with their tokens) and Hyphen (for faster and cost-efficient token transfers between different blockchains) enable the processing of transactions with a zero balance account and any third party paying the transaction costs on behalf of the user. The project’s native token BICO is used for staking, providing liquidity, rewards and processes and in the governance protocol.