Article Summary, Automatically Generated By AI
About Biswap
Key Points
- Biswap (BSW) is a decentralized exchange (DEX) on Binance Smart Chain (BSC) with the lowest transaction fees of 0.1%.
- Core products include AMM, liquidity pools, yield farming, NFT marketplace, and IDO launchpad.
- Targets include listing on major crypto exchanges, improving NFT marketplace, cross-chain support, limit orders, lending & borrowing, and personal user dashboard.
- $10 million global incentive program for collaborating with other BSC projects.
Founders and Team
- Launched in 2021 with 27 team members, all pseudonymous.
About Biswap: Empowering a Decentralized Future
Introducing Biswap (BSW): A Revolutionary DeFi Platform
Biswap (BSW) is a decentralized exchange (DEX) tailored to facilitate seamless transactions of BEP-20 tokens on the Binance Smart Chain (BSC). Notably, Biswap boasts the lowest transaction fees among BSC exchanges, with a competitive rate of 0.1%. Moreover, it is committed to driving innovation in the DeFi landscape through its premium products and services. The platform’s referral system enables users to invite others and earn referral fees from a diverse range of features, including farms, launch pools, swaps, and a lottery.
Biswap’s core offerings encompass a comprehensive suite of decentralized exchange (DEX) functionalities, including an Automated Market Maker (AMM), liquidity pools, yield farming capabilities, a vibrant NFT marketplace, and a cutting-edge Initial DEX Offering (IDO) launchpad. As outlined in its roadmap, Biswap sets its sights on:
- Securing listings on prominent cryptocurrency exchanges
- Enhancements to its innovative NFT marketplace
- Seamless cross-chain interoperability
- Advanced limit order functionality
- Comprehensive lending and borrowing services
- A personalized, user-centric dashboard
- A lucrative swap referral program
Notably, Biswap has unveiled a $10 million global incentive program, designed to foster collaboration with other BSC projects. This initiative offers a comprehensive package of benefits, including a 90% fee reimbursement, farming pairs with BSW, access to a launch pool, marketing promotion, and grants to support security audits and project development.
The Visionaries Behind Biswap: Meet the Founders
Launched in 2021, Biswap boasts a team of 27 members, all of whom maintain pseudonymity and are represented on the website through comic avatars. At the helm is “EK,” a seasoned crypto expert with a reported seven years of experience in the industry. Notably, nearly every team member brings several years of expertise in their respective field, although specific details are not disclosed. Biswap does not publicly disclose any investors that may be involved.
Unveiling the Unparalleled Attributes of Biswap
Foremost, Biswap seeks to differentiate itself through its competitively low transaction fees, a notable deviation from other decentralized exchanges. For instance, Biswap boasts a mere 0.1% fee, a significant reduction compared to the 0.25% levied by Pancakeswap and the 0.3% charged by Mdex, Apeswap, and other BSC DEXes. Notably, 0.05% of this fee is redistributed to liquidity providers as a reward, while an additional 0.05% is allocated towards BSW token burning. Although Biswap reserves the right to reassess and potentially increase this fee in the future, with a possible allocation to the team, it pledges to maintain a fee structure that remains below the industry average.
Users can participate in transaction fee mining, thereby earning up to 90% of the 0.1% swap fee, depending on the trading pair. Furthermore, they can provide liquidity to pools and receive BSW farming rewards. Notably, Biswap features an NFT marketplace, where users can purchase NFTs using four prominent cryptocurrencies: BNB, USDT, BUSD, and WBNB. Additionally, the Biswap lottery offers users the opportunity to win substantial BSW prizes for their participation. Each user can purchase an unlimited number of tickets, with 80% of the proceeds being redistributed to the prize pool.
Biswap also boasts its own distinctive NFTs, collectively known as NFT Earn, comprising an NFT Launchpad, an NFT Staking Pool, an NFT Boost, and an NFT Level Upgrade. By purchasing and staking the coveted “Robi NFTs,” users can unlock lucrative opportunities and amplify their earnings.
Ultimately, Biswap offers a cutting-edge IDO Launchpad, empowering other blockchain projects to successfully launch their tokens via its platform. Notably, the DEX boasts an impressive user base of over 300,000 active users, and further incentivizes new projects to participate by offering a substantial $10 million reward program.
What Is the Circulating Supply of Biswap (BSW) Coins?
BSW, the exchange’s governance token, boasts a total supply of 700 million. Of this, 600 million BSW are allocated as follows:
- Farms / Launchpools: 80.7% of the total allocation, dedicated to fostering a thriving ecosystem
- Referral Program: 4.3%, incentivizing community engagement and user acquisition
- SAFU (a safeguarding emergency insurance fund for the protection of all users): 1%, ensuring a secure environment
- Team: 9%, allocated to the dedicated team driving the project forward
- Investment Fund: 5%, reserved for strategic investments and growth opportunities
The remaining 100 million BSW are allocated in a 70/30 ratio between three primary categories: NFT (Earn) and GameFi (Play to Earn), which collectively account for 70%, and Strategic Partnerships and Transaction Fee Mining, which comprise the remaining 30%. Notably, Biswap incorporates several deflationary mechanisms, including the burning of 50% of transaction fees, 13% of lottery tickets, 10% of sales revenue, and 10% of new NFT mints, thereby ensuring a sustainable ecosystem.
The Security Architecture of the Biswap Network
BSW is a BEP-20 token, seamlessly integrated into the Binance Smart Chain (BSC) ecosystem.
The Binance Smart Chain (BSC) leverages a proof-of-stake (PoS) consensus mechanism to ensure its security. Every 24 hours, a cohort of 21 validators is elected to validate transactions and maintain the integrity of the blockchain. To be eligible for this role, these validators must stake a predetermined amount of Binance Coin (BNB) with Binance.
Biswap also boasts a bug bounty program, offering a lucrative opportunity to earn rewards ranging from $10 to a substantial $100,000 for identifying and reporting security vulnerabilities, with the payout amount commensurate with the severity of the issue.
Where to Acquire Biswap (BSW): A Comprehensive Guide
BSW is proudly listed on a plethora of esteemed cryptocurrency exchanges, including LBank, Pancakeswap (V2), Bitget, BTCEX, MEXC, XT.COM, and CoinW, further expanding its global reach and accessibility.
For those seeking to delve into the world of cryptocurrency investment, our comprehensive guide provides a wealth of information on how to initiate your cryptocurrency-buying journey.
Associated Resources:
Discover Dodo (DODO), a pioneering decentralized exchange built on the Binance Smart Chain (BSC).
Discover Uniswap, a pioneering decentralized exchange built on the Ethereum blockchain.
Delve into the world of decentralized exchanges (DEXs) and discover their transformative potential in the realm of cryptocurrency trading.
Stay ahead of the curve with the latest cryptocurrency news and expert trading insights, courtesy of the CoinMarketCap blog.