Biswap (BSW) can be defined as a decentralized exchange (DEX) for BEP-20 tokens on the Binance Smart Chain (BSC). Biswap promises the lowest transaction fees of any BSC exchange at 0.1% and is committed to innovation in DeFi through its high-quality products and services.
What is Biswap (BSW)?
Biswap’s core products include standard DEX functions such as AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. Additionally, Biswap aims to:
- Get listed on major crypto exchanges
- Improve the NFT marketplace
- Offer cross-chain support
- Introduce limit orders
- Provide lending and borrowing services
- Launch a personal user dashboard
- Develop a referral program for the exchange
Furthermore, Biswap has announced a $10 million global incentive program to collaborate with other BSC projects. According to the announcement, partners can receive up to a 90% fee rebate, BSW farming pairs, a launch pool, marketing promotion, and grants for project development.
Launched in 2021, Biswap’s website states that there are a total of 27 team members, all of whom are anonymous. The person sitting in the CEO’s chair reportedly has 7 years of experience in the cryptocurrency space.
Moreover, Biswap aims to stand out with lower transaction fees compared to other decentralized exchanges. For instance, Biswap claims to charge only 0.1%, compared to 0.25% on Pancakeswap and 0.3% on Mdex, Apeswap, and other BSC DEXs. Of the 0.1% fee, 0.05% will be returned to liquidity providers as a reward, and 0.05% will be used for BSW token burning.
Additionally, users can engage in fee mining, receiving up to 90% of the 0.1% swap fee depending on the trading pair. They can also provide liquidity to pools and earn BSW farming rewards. Another significant feature of Biswap is its NFT marketplace, which allows users to purchase NFTs using four cryptocurrencies: BNB, USDT, BUSD, and WBNB. The Biswap lottery is described as a draw where users can win “significant BSW rewards” for participation. Each user can purchase an unlimited number of tickets, with 80% being redistributed back to the prize pool.
Biswap also has its own NFTs under the name NFT Earn, which consists of an NFT Launchpad, an NFT Stake Pool, an NFT Boost, and an NFT Level-Up. Users can buy “Robi NFTs” and stake them to earn profits.
BSW Coin Review
Biswap attracts attention because it offers users a variety of features in every area. Additionally, considering the importance of transaction fees, it’s not surprising that the DEX is attracting interest from users.
BSW, which has attracted attention especially after being listed on Binance, is trading at $0.88 at the time of writing. With a market capitalization of $119,489,875, BSW is ranked 404th in terms of market value. According to the announcement, the total supply of BSW will be 700,000,000.
How to Buy BSW Coin?
BSW Coin can be bought quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy BSW Coin, you first need to become a member of Binance and then transfer fiat currency. After sending fiat currency such as US Dollar, you can buy BSW pairs by purchasing Binance Coin (BNB), Tether (USDT), or BUSD, which BSW trades against.
Additionally, users can place a buy order at a lower price than the market value on Binance, and purchase at their desired price. For this, you need to use the Limit tab and enter the amount you want to buy and the price you want to pay.
