Is Biconomy a scam?
Asked about Biconomy (BICO), market cap rank #985.
Short answer
Biconomy (BICO) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- A single wallet holds over 10% of supply
- Top 10 wallets hold more than 50% of supply
- Top 10 wallets hold more than 70% of supply
- Upgradable proxy
Positive signals
- High score on isthiscoinascam.com indicating low scam risk
- Backed by reputable investors like Coinbase Ventures and Binance Launchpad
- Audit by Halborn with all issues resolved
Security audits
1 audit on record.
- Halborn (2026-04-19) — issues_resolved
Team transparency
The Biconomy team is doxxed — public identities are known.
See the full report
Full report for Biconomy — including the exact score, rating letter and full breakdown — requires a registered account.
Open the full Biconomy report →