What Is Biswap (BSW)?
Biswap ( BSW ) is a decentralized exchange ( DEX ) for BEP-20 tokens on Binance Smart Chain ( BSC ). Biswap promises the lowest transaction fees of any BSC central at 0.1 % and vows to be committed to innovation in DeFi through its high-quality products and services. Its referral arrangement allows users to invite others and receive referral fees from farms, launching pools, swaps, and a lottery. Biswap ’ s congress of racial equality products include the standard DEX functions like an AMM, liquidity pools, succumb farming, an NFT marketplace, and an IDO launching pad. In its roadmap, Biswap targets the watch :
- Listing on major crypto exchanges
- Improvements of its NFT marketplace
- Cross-chain support
- Limit orders
- Lending & Borrowing
- A personal user dashboard
- A swap referral program
furthermore, Biswap announced a $ 10 million global incentive broadcast to collaborate with other BSC projects. Partners can expect a 90 % fee reimbursement, farming pairs with BSW, a plunge pool, market promotion, and grants for security audits and project development .
Who Are the Founders of Biswap?
Biswap was launched in 2021 and lists a total of 27 team members on its web site. The entire team is pseudonymous and are presented on the site lone as comedian avatars. The CEO is “ EK, ” a reported crypto seasoned with seven years of experience in the space. Almost every penis of the Biswap team lists several years of experience in their respective field, although no details are provided. Biswap does not specify any investors it may have.
What Makes Biswap Unique?
beginning and foremost, Biswap tries to stand out with its lower transaction fees vis-a-vis other decentralized exchanges. For example, Biswap claims that it levies alone a 0.1 % tip compared to 0.25 % on Pancakeswap, 0.3 % on Mdex, Apeswap, and other BSC DEXes. 0.05 % is returned to fluidity providers as a honor, and 0.05 % is used for BSW nominal burn. Biswap reserves the right to increase this tip in the future and add an allotment to the team. however, it promises to keep the fee lower than the industry average. Users can engage in transaction fee mining, meaning they can receive up to 90 % of the swap fee of 0.1 %, depending on the trade pair. In addition, they can provide liquidity to pools and earn BSW farm rewards. Another important have of Biswap is its NFT marketplace that allows users to purchase NFTs using four cryptocurrencies : BNB, USDT, BUSD, and WBNB. The Biswap lottery is a lottery where users can win “ substantial BSW prizes ” for participating. Each user can purchase an inexhaustible number of tickets, with 80 % being redistributed to the respect consortium. Biswap besides has its own NFTs called NFT Earn, consisting of an NFT Launchpad, an NFT Staking Pool, an NFT Boost, and an NFT Level Upgrade. Users can buy alleged “ Robi NFTs ” and stake or boost them to make a net income. ultimately, Biswap provides an IDO Launchpad that allows early blockchain projects to launch their token through Biswap. The DEX claims it has more than 300,000 active DEX users and incentivizes new projects to participate with its $ 10 million bonus program .
Check out Dodo ( DODO ) — a BSC decentralize change. Check out Uniswap – an Ethereum decentralized change.
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How Many Biswap (BSW) Coins Are There in Circulation?
BSW is the substitute ’ s administration token with a total issue of 700 million. 600 million BSW are distributed as follows :
- Farms / Launchpools: 80.7%
- Referral Program: 4.3%
- SAFU (an emergency insurance fund for all users): 1%
- Team: 9%
- Investment Fund: 5%
The remaining 100 million BSW are split 70/30 between NFT ( Earn ), GameFi ( Play to Earn ), Strategic Partnerships ( 70 % ) and Transaction Fee Mining ( 30 % ). Furthermore, Biswap implements several deflationary mechanisms like burning 50 % of transaction fees, 13 % of lottery tickets, 10 % of its sales tax income, and 10 % of modern NFT mints .
How Is the Biswap Network Secured?
BSW is a BEP-20 token on Binance Smart Chain ( BSC ). BSC is secured using a proof-of-stake ( PoS ) consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain the blockchain ’ second security. These validators have to bet on a certain amount of Binance Coin ( BNB ) with Binance to be eligible.
Biswap besides has a bug amplitude program. You can earn between $ 10 and $ 100,000 for reporting bugs, depending on the security issue .
Where Can You Buy Biswap (BSW)?
BSW is available on LBank, Pancakeswap ( V2 ), Bitget, BTCEX, MEXC, XT.COM, and CoinW. If you want to learn more about how to start buy cryptocurrencies, you can read more in our steer .