Biswap is a decentralized exchange(DEX) under the Binance Smart Chain(BSC) for products and features like swapping tokens, yield farming, transaction, and liquidity mining. It was launched on May 25, 2021, to rival its counterpart Pancakeswap to become the leading DEX on BSC. The pioneers are an anonymous group. This exchange became one of the biggest exchanges on BSC, with its many users quickly growing. There is a total of 600 million BSW, distributed per block as follows: Farms and Launchpools get 80.7%, the team receives 9%, the Investment fund receives 5%, the referral program gets 4.3% and SAFU insurance receiving 1%.
A Bit About Biswap Token
Biswap is a decentralized exchange platform whose primary aim is to become a benchmark for all DEX platforms. It has the lowest platform transaction fees and features a three-type referral system. The platform is used in exchanging BEP-20 crypto tokens on the Binance Smart Chain network. It’s a network that assures its users of low transaction costs coupled with a much superior transaction speed.
Enjoy rewarding yield farming and exchanging with super low fees for cryptocurrencies.CryptoLists.com
With a three-type referral system, you have many ways to earn. You refer your friends, and once they join, you get a part of their trading fees. BSW has a wide customer base of 100,000 plus, with its mother company being Binance, which is very prosperous, it is sure to grow and dominate. They also offer cash back for any purchase you might make. They also offer an insurance fund to protect and compensate customers’ funds in case of a hack or sudden money loss. Biswap, in 2021, earned a spot at the Binance top 10 Most Valuable Builder II (MVBII), which further gives confidence to customers seeking its services. Biswap has not yet experienced any form of hacking, although recently introduced.
Utility of Biswap Token?
Biswap is currently one of the hottest BSC-tokens in the market for several reasons:
I. Biswap seeks to become the benchmark for all future DEX platforms. It wants to be known as the industry leader in all matters related to token swaps.
II. As mentioned elsewhere in this article, Biswap operates as a decentralized exchange on the Binance Smart Chain network for swapping Bep-20 tokens. The network promises low transaction costs without affecting the transaction speed.
III. Biswap takes the mantle of being the first decentralized exchange platform in the crypto industry to have low transaction costs.
Biswap Token Price detailsBSC Contract address: 0x965f527d9159dce6288a2219db51fc6eef120dd1
›› Details & Tokenomics
Advantages of Biswap Token+ Incredibly low fees compared to all decentralized exchanges.
+ Offers an insurance protecting customers money.
+ CertiK audits Biswap to ensure utmost quality is adhered to.
+ High-quality token pools and high asset percentage yield.
Disadvantages- The platform is inexperienced because it was recently introduced.
- The developers are anonymous, meaning they can get away with no trace.
- MetaMask keeps flagging Biswap for Ethereum phishing.
- The unidentified team makes the decisions in the absence of governance
Costs▪ Rated at 10/10
The exchange charges only 0.1% of the total transaction, meaning that if you change one crypto for another, say 1 BNB for BUSD, you will pay 0.001 BNB. The exchange rewards fee returns up to 90% of the fee charged. Once you complete any transaction, these rewards come as BSW tokens and reflect on the “fee return” balance.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 9/10
Biswap is under the Binance umbrella on the BSC blockchain and offers to swap various BEP-20 tokens instantly. This platform does not have a long operation period but has been promising since its inception in the first half of 2021. In just under a year, users have increased to make the platform a top pick on the Binance Smart Chain. Many customers complain of poor customer support and losing tokens from their wallets. Others say that the BSW token is expensive to swap on the platform. Despite the negative reports, other users commend the DeFi Platform features, claiming the site is incredible with its high APYs and APR staking and further claiming it has a great future.
What Blockchain Does Biswap Use?
Launched on May 25, 2021, BisWap is a DEX platform on the Binance Smart Chain (BSC) network. It’s for yield farming, swapping Bep-20 tokens, and liquidity mining. The platform prides itself on being the first decentralized exchange operating on the BSC.
Biswap has several features which make it unique from other cryptocurrencies in the market. For example:
+Crypto enthusiasts who stake BSW can expect a reward of over 9000%APR
+It has numerous farms that offer better APR than the one you receive when you stake BSW, e.g., the BNB-BSW Farm with over 14,500%.
+Its fees are among the lowest in the market and stand at 0.1%
+It has a Free BSW Pool where you can earn free BSW cryptocurrency tokens
What Is the Highest Value Biswap Ever Had?
Biswap reached its highest ever value on December 8, 2021, when it hit 2.02 before beginning a downward turn.
What are The Top Features of The Biswap Exchange?
Some of the features that have helped Biswap to stand out from the other cryptocurrencies already in the market include:
Trading competitions to reward its users and encourage them to continue interacting with other community members.
Transaction mining, also known as a cashback program for its traders
Three-type referral program where you get to earn a commission from the amounts earned by your referrals
Yield farming from the farms listed on the official website
Launchpools where users earn BSW by staking BSW in all the applicable launchpools.
How Can You Use the Biswap NFT Staking Tools?
For a Biswap user to multiply their available assets, they will need to:
Acquire Biswap NFT
take the Biswap NFT they have acquired in an NFT Staking Pool
Earn tokens: USDT, BNB, BSW, and other prominent tokens
Why Can Users Only Stake WBNB Instead of BNB?
The WBNB is a token on the Binance Smart Chain (BEP-20 network) whose price is pegged to BNB. Biswap DEX uses the Binance Smart Chain, which means that the BNB tokens must become WBNB for them to offer liquidity or for a user to start staking.
You can wrap BNB to WBNB by visiting the exchange tab and selecting BNB-WBNB.
What Is WalletConnect?
It’s an open protocol to help Biswap users use the Biswap DEX platform via their mobile wallets. The wallet provides a secure connection between the Biswap platform and mobile cryptocurrency wallets without using additional browser extensions.
Screenshots from Biswap Token
Related crypto site? Learn more about Biswap DEXBSW is a utility token for the dex Biswap DEX, so it's worth reading more about the company behind below.
Biswap is a global decentralized exchange that launched in May 2021 for swapping BEP-20 tokens, yield farming, and liquidity mining on the BNB chain network. The DEX serves as the first decentralized exchange on the BNB chain offering a third-referral system with the lowest transactions in the platform and an overall DEX industry of 0.2 % per swap. It guarantees superior speed as the second largest decentralized exchange on the BNB chain where its users can trade, farm, and take part in their $10 million incentive program. Users also access the launch pool, a new multi-reward pool, initial dex offering (IDO), fixed staking, the referral program, the lottery, and an NFT marketplace. The DEX has an official token, BSW, for various use cases on the DEX...
›› Read our full Biswap DEX review here or more directly at their website here.
The lowest trading fee among Decentralized Exchanges, only 0.1%.
›› Sign up at Biswap DEX here