Biswap, also known as BSW, functions as a decentralized exchange (DEX) tailored for BEP-20 tokens on the Binance Smart Chain (BSC). The platform takes pride in offering the lowest transaction fees among BSC exchanges, set at 0.1%, and focuses on fostering DeFi innovation through its range of high-quality services and products.
Overview of Biswap (BSW)
Biswap's primary offerings encompass conventional DEX features like Automated Market Making (AMM), liquidity pools, yield farming, an NFT marketplace, and an Initial DEX Offering (IDO) launchpad. Besides these, Biswap aspires to achieve several goals:
- Inclusion in major crypto exchange listings
- Enhancement of the NFT marketplace
- Provision of cross-chain compatibility
- Introduction of limit order functionality
- Provision of lending and borrowing options
- Launch of a personalized user dashboard
- Implementation of a referral scheme for the exchange
Moreover, Biswap has disclosed a $10 million global incentive initiative to collaborate with other BSC projects. Partners under this program can benefit from varied offerings, including up to a 90% fee rebate, BSW farming pairs, a launch pool, promotional activities, and grants for project development.
The platform, initiated in 2021, recognizes a total of 27 team members, whose identities remain undisclosed. The individual at the helm, purportedly possessing a 7-year track record in the cryptocurrency sphere, occupies the CEO role.
Additionally, Biswap differentiates itself by boasting lower transaction fees compared to rival decentralized exchanges. Notably, Biswap's fee structure stands at 0.1%, contrasting with Pancakeswap's 0.25% and Mdex, Apeswap, and other BSC DEXs charging 0.3%. Of the 0.1% fee, 0.05% is allocated as a reward to liquidity providers, while the remaining 0.05% is utilized for burning BSW tokens.
Furthermore, users can partake in fee mining, entitling them to glean up to 90% of the 0.1% swap fee depending on the trading pair. They also have the option to contribute liquidity to pools and earn BSW farming rewards. A significant component of Biswap is its NFT marketplace, permitting users to procure NFTs using cryptocurrencies like BNB, USDT, BUSD, and WBNB. The Biswap lottery presents an opportunity for users to secure 'substantial BSW rewards' by participating. Each user is afforded the liberty to purchase an unlimited number of tickets, with 80% returned to the prize pool.
Biswap also unveils its proprietary NFT ecosystem under the NFT Earn banner, encompassing an NFT Launchpad, an NFT Stake Pool, an NFT Boost, and an NFT Level-Up. Users can invest in 'Robi NFTs' and stake them to generate profits.
Review of BSW Coin
Biswap garners attention owing to its diverse feature set across all domains. Considering the significance of transaction fees, the platform's allure to users is understandable.
BSW, particularly after its listing on Binance, has attracted considerable interest and is currently valued at $0.88. With a market capitalization of $119,489,875, BSW secures the 404th spot in terms of market value. The total circulation of BSW is planned to reach 700,000,000, as per the official statement.
Purchasing BSW Coin
Interested users can swiftly and securely acquire BSW Coin through Binance, recognized as the world's largest cryptocurrency exchange based on trading volume.
To procure BSW Coin, individuals must first register on Binance and subsequently transfer fiat currency. After depositing fiat currency such as the US Dollar, users can commence acquiring BSW pairs by investing in Binance Coin (BNB), Tether (USDT), or BUSD, which BSW is paired against.
Furthermore, users have the option to place a buy order at a price below the market rate on Binance, facilitating a purchase at their specified price. This necessitates utilizing the Limit tab and inputting the desired purchase amount and price.
