Biswap is a Decentralized Exchange (DEX) built on the Binance Smart Chain (BSC). Biswap offers low transaction fees and includes a GameFi application. A portion of Biswap’s revenue will be used to repurchase and burn its native governance token, BSW.
What is Biswap (BSW)?
Biswap (BSW) is a decentralized exchange (DEX) for BEP-20 tokens on the Binance Smart Chain (BSC). Biswap claims to offer the lowest transaction fees among BSC exchanges at 0.1% and commits to continuous innovation in DeFi through its high-quality products and services. The referral system allows users to invite others and earn fees from farming, pools, exchanges, and a lottery.
BSW is the governance token of the exchange with a total supply of 700 million. The distribution of 600 million BSW is as follows:
- Farming / Launchpad: 80.7%
- Referral Program: 4.3%
- SAFU (an emergency insurance fund for all users): 1%
- Team: 9%
- Investment Fund: 5%
The remaining 100 million BSW will be divided 70/30 between NFT (Earn), GameFi (Play to Earn), Strategic Partnerships (70%), and Transaction Fee Mining (30%). Additionally, Biswap will implement various deflationary mechanisms, such as burning 50% of transaction fees, 13% of lottery ticket revenue, 10% of sales revenue, and 10% of new NFT minting.
Moreover, Biswap has announced a $10 million global incentive program to collaborate with other BSC projects. Partners may receive 90% fee reimbursements, BSW farm trading pairs, a launch pool, marketing promotion, security audits, and grants for project development.
Where to Buy BSW Coin?
BSW Coin can be safely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. On Binance, BSW Coin is available in BSW/BNB, BSW/USDT, and BSW/BUSD pairs.
To purchase BSW, you must first register on the Binance exchange. Once registration is complete, funds can be transferred to the Binance wallet as either cryptocurrency or fiat currency. After the transfer, BSW Coin can be bought from any of the four pairs mentioned above. For purchasing through the BSW/USDT trading pair, navigate to the interface of this pair. In the limit section, enter the desired amount to buy. Upon specifying the amount, complete the purchase by executing the Buy BSW order.
