Biswap

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Discover Biswap's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Biswap?

Biswap (BSW) is a utility token supporting the Biswap ecosystem, a decentralized exchange (DEX) on the BNB Chain. It offers low trading fees and a variety of services, including trading, farming, and a referral program. The token is available on several exchanges, including Binance, Gate.io, KuCoin, and MEXC Global, and can be used to access features such as liquidity pools, farms, and staking.

How is Biswap used?

Biswap (BSW) is a cryptocurrency used on the Biswap decentralized exchange (DEX) platform, which operates on the BNB Chain network. The BSW token has various use cases:

  • Farming: Users can stake their LP tokens and earn BSW rewards for staking, increasing the number of long-term token holders and liquidity, thus reducing price impact.
  • Launchpools: Users can earn crypto by holding BSW tokens, enhancing their target audience and increasing trustworthiness among Biswappers and investors.
  • Referral Program: The platform offers a Multi-type Referral Program, allowing users to earn rewards for referring others.
  • Staking: Users can stake BSW tokens in the BSW Investment Pool for a selected lock period and earn three types of rewards.
  • Trading: BSW tokens can be used for trading on the Biswap DEX, which offers low transaction fees.
  • Liquidity Provision: Users can add liquidity on Biswap with their tokens and earn 75% of the fees as a liquidity provider.

These use cases make Biswap a versatile cryptocurrency with a range of applications within the DeFi ecosystem.

How do I store Biswap?

To store Biswap (BSW) tokens, you can use a wallet that supports BEP-20 tokens. The BSW token contract is defined by its address, which is 0x965F527D9159dCe6288a2219DB51fc6Eef120dD1.

How to buy Biswap?

To buy Biswap (BSW) tokens, follow these steps:

  1. Create an Account: Sign up on a cryptocurrency exchange such as Coinbase, Binance, or KuCoin by providing necessary information, including your email address, a secure password, and completing any identity verification steps. Ensure you choose a reputable exchange by researching and reading user reviews.

  2. Choose a Funding Method: Select a payment method to fund your account. Common options include credit/debit cards, bank deposits, peer-to-peer trading, and third-party payment channels. Each exchange offers different methods, so check their FAQs for details.

  3. Buy Biswap (BSW): Navigate to the Buy & Sell section of the exchange, select Biswap (BSW) as the cryptocurrency you want to buy, and choose your preferred order type. Order types include market orders, stop orders, limit orders, and more. You can purchase a fraction of a Biswap if needed.

  1. Transfer to Wallet: Once purchased, you can either hold the Biswap in your exchange account or transfer it to a personal cryptocurrency wallet for additional security and passive revenue opportunities.

These steps will guide you through the process of buying Biswap (BSW) tokens on various exchanges.

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History of Biswap

Biswap (BSW) is a cryptocurrency token that operates on the BNB Chain (BEP-20) and is part of a decentralized exchange (DEX) project. The token's history dates back to its inception, when it was launched with a strong vision to tackle significant challenges and opportunities in the world of decentralized exchanges.

The token's distribution is governed by a set of rules outlined in its tokenomics. Initially, 10 million BSW tokens were allocated for liquidity, marketing, and strategic partnerships. Of these, 4 million tokens were used to secure initial liquidity, ensuring users could access the platform's features from the start. The remaining 600 million tokens are distributed among various components, including farms and launchpools, referral programs, SAFU, the team, and an investment fund.

Biswap's price history is available through various sources, providing detailed data on the token's performance over time. Users can access historical price data, including open, high, low, and close prices, as well as trading volume and market capitalization. This data can be viewed in different formats, such as daily, weekly, or monthly, and can be displayed in various currencies.

The token's current market data, including its price, market capitalization, and trading volume, are also available through various platforms. These platforms provide real-time updates and historical context, helping users understand the token's performance and make informed investment decisions.

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How Biswap works

Biswap (BSW) is a decentralized exchange (DEX) built on the BNB Smart Chain, allowing users to swap tokens with a low trading fee of 0.2%. The platform offers various features that make it unique and attractive to users and project teams.

Multi-type Referral Program

Biswap is the first DEX to introduce a Multi-type Referral Program, which rewards users for referring others to the platform. This program encourages users to invite friends and family, thereby increasing the platform's user base and trading volume.

Trading and Liquidity Provision

Users can earn 75% of the fees as liquidity providers by adding liquidity to the platform with their tokens. This incentivizes users to participate in the liquidity provision, ensuring a robust and liquid market. Additionally, users can earn rewards by staking their BSW tokens, which can be used for various purposes such as trading and staking.

Security

Biswap prioritizes security through its Bug Bounty program. This program allows users to report bugs and security vulnerabilities, earning BSW tokens in the process. The platform's security experts investigate these reports, ensuring the platform's safety and integrity.

Staking and Rewards

By staking BSW tokens, users can earn daily rewards in the form of leading tokens like BUSD, WBNB, and BSW. The more trading volume a user generates, the greater the rewards they earn. This staking mechanism encourages users to participate actively in the platform, increasing trading volume and liquidity.

Perpetual Trading and Farming

Biswap aims to expand its trading functionality by introducing perpetual trading with leverage. This feature will attract users who trade futures, increasing trading volume and utility for BSW. The platform also offers farming, a passive income opportunity where users can multiply their crypto by providing liquidity to chosen token pairs and staking the resulting LP tokens.

Global Incentive Program

Biswap has a Global Incentive Program with a fund of $10 million, dedicated to supporting projects on the BNB Chain. This program offers strong support to project teams, including fee reimbursement options and exposure to Biswap's large user base.

Token Details

Biswap has a maximum supply of 700 million BSW coins, with a total supply of 399 million and a circulating supply of 347 million. The token can be purchased through various crypto trading platforms by exchanging fiat currency for BTC, ETH, or USDT, which can then be used to buy BSW.

Partnerships and Support

Biswap has established partnerships with prominent ventures, launchpads, and DApps like Binance, BetFury, Alpaca, LaunchZone, and Beefy. These partnerships provide project teams with the necessary support to boost their projects and increase their visibility.

Overall, Biswap offers a comprehensive ecosystem that rewards users for their participation, provides a secure and liquid trading environment, and supports project teams through its various programs and features.

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Biswap's strengths

The Biswap (BSW) token has several strengths that contribute to its value and utility within the Biswap ecosystem:

  1. Incentivizing Liquidity Providers and Users: The BSW token is designed to incentivize both liquidity providers and users, encouraging active participation in the Biswap platform. This leads to a more vibrant and efficient trading environment.

  2. Diverse Use Cases: Token holders can engage in various activities, such as staking BSW tokens in launchpools to acquire other tokens as rewards or staking tokens provided by liquidity providers in Biswap Farms pairs to earn BSW tokens as incentives.

  3. Weekly Burning Mechanism: The platform's weekly burning mechanism reduces the total supply of BSW tokens, contributing to their long-term value appreciation.

  1. Strong User Base: BSW is a popular utility token with a large user base, supporting the Biswap ecosystem and facilitating various activities within it.

  2. Strategic Partnerships: Biswap has received strategic investments from prominent players like Binance, further enhancing the credibility and potential of the BSW token.

  3. Community Governance: The distribution of BSW tokens per block is determined through community voting, ensuring that the token's allocation is decided by its users.

These strengths collectively contribute to the value and utility of the BSW token, making it an attractive option for investors and users within the Biswap ecosystem.

Biswap's risks

Biswap (BSW) is a decentralized exchange (DEX) that allows users to swap tokens on the BNB Smart Chain. While it offers various services and products, including a trading platform, farms, launchpools, an NFT marketplace, trading competitions, and an NFT game, it also carries financial risks. These risks include market volatility, regulatory changes, and smart contract vulnerabilities. Additionally, providing liquidity involves financial risk due to impermanent loss, which liquidity providers should be aware of before taking actions.

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Did Biswap raise funds?

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Biswap’s team

  • CEO (EK): The CEO of Biswap, EK, has extensive experience in product development, with over 11 years of work experience and more than 7 years in the crypto space. He is deeply involved in the project, working non-stop to ensure its success.

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