What is Biswap (BSW)?
Biswap (BSW) is a BSC-based decentralized exchange (DEX). The platform enables the trustless trading of BEP-20 tokens. The project also commits to innovation in DeFi by introducing high-quality products and services.
One of the features that make Biswap stand out is its low transaction fees. The platform charges a 0.1% fee for swaps, which is way lower compared to the standard 0.25%-0.3% fee. However, this fee could change in the future, so always check out the official Biswap website for the most up-to-date information.
It's also important to note that Biswap offers users an opportunity to earn passive income through mining pools. Users can add liquidity to their desired trading pairs and receive up to 90% of the 0.1% swap fees. This is called transaction fee mining.
Biswap also has its own NFT marketplace that allows users to purchase NFTs using certain crypto assets – BNB, BUSD, USDT, and WBNB. Though besides the marketplace, there's a whole ecosystem for NFT creation called NFT Earn. It consists of an NFT Launchpad, an NFT Staking Pool, an NFT Boost feature, and an NFT Level Upgrade.
In addition to that, there's the Biswap lottery, which offers users a chance to win substantial BSW prizes by participating, as well as an IDO Launchpad that enables other projects to launch their tokens. Besides, the exchange also has an AMM and yield farming tools.
Biswap coin (BSW) is the utility token that supports the Biswap network. The BSW price is available on the Biswap price chart above.
Use Cases of BSW Tokens
Biswap crypto is a multi-utility token. Firstly, BSW is a governance token of the Biswap crypto platform. Thus, it allows holders to vote on various decisions concerning the future of the project.
Moreover, you can also stake your BSW tokens on Biswap Launchpools to earn other tokens for free. Though BSW holders can also add their assets to the Biswap liquidity pools to earn 75% from every transaction fee on the platform.
Furthermore, there are Biswap Farms that offer the opportunity to stake liquidity provider (LP) tokens to receive rewards in BSW tokens. Rewards in BSW can also be earned through the referral program.
Besides, the token gives holders access to the gaming platform called BetFury.
Do note that the BSW price could be volatile. Thus, if you plan to buy the token, it would be beneficial to make a thorough price analysis beforehand. You can find all information about Biswap price history on the chart above.
Who Founded Biswap?
Biswap was founded in 2021 by a team of anonymous individuals. The team is pseudonymous and is represented as comic avatars on its website. The CEO, EK, is a crypto veteran with seven years of experience in the crypto space. The rest of the team members also list several years of experience in their respective areas of specialization.
Tokenomics of Biswap Token
Biswap has a maximum supply of 700 million BSW. The project employs a token-burning deflationary mechanism. They buy back and burn some tokens to reduce the number of assets in circulation. The process causes scarcity and hence increases the Bitswap price. Token burning is held on a weekly basis.
