What Is Biswap (BSW)?

Cryptocurrencies
What Is Biswap (BSW)?

What Is Biswap (BSW)

Biswap is a decentralized exchange (DEX) operating on the BNB Chain, a blockchain network created by Binance. On Biswap, users can swap tokens, provide liquidity to earn rewards, and participate in various DeFi activities such as yield farming and IDO launchpads. Biswap distinguishes itself from other DEXs by offering the lowest transaction fees on the BNB Chain, starting at 0.1%.

Biswap allows users to trade a wide variety of BEP-20 tokens, which are digital assets that conform to the BNB Chain's token standard. Popular BEP-20 tokens include CAKE (PancakeSwap), BUSD (Binance USD), and BSW (Biswap), among many others.

In the first two weeks since launch, over 58.8M BSW was staked, and the value of BSW rose by 61.25% in December 2023, making it the top 1 gainer on Binance by the end of the year. 

How to Trade BSW on Flipster

  1. Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).

  2. Click the [Trade] tab.

  3. Search for BSW and click on it.

  4. Select the leverage (up to 100x).

  5. Select either a Trigger Order or Market Order.

  6. Enter the amount of coin you want to trade or choose a percentage of your available funds.

  7. Once you have confirmed the details, click the [Long] or [Short] button to open a position.

BSW Tokenomics

  • Name: Biswap

  • Symbol: BSW

  • Chain: BNB Chain (BEP-20)

  • Total Supply: 638.43M BSW (as of 14 October 2024)

  • Circulating Supply: 513.13M BSW (as of 14 October 2024)

  • Market Cap: $31.86M (as of 14 October 2024)

  • Price: $0.062 (on 14 October 2024)

  • Token Allocation:

    • Farms/Launchpools: 69.2%

    • NFT, GameFi, and Strategic Partnerships: 10%

    • Team: 7.71%

    • Investment Fund: 4.28%

    • Transaction Fee Mining: 4.28%

    • Referral Program: 3.68%

    • SAFU: 0.85%

How Does Biswap Work

  • Trading Platform: Biswap enables users to trade BEP-20 tokens without the need for traditional order books. 

  • Liquidity Pools: Instead of matching buyers and sellers directly, Biswap utilizes liquidity pools, where users can contribute their tokens to earn a portion of the trading fees generated by the pool.

  • Staking and Yield Farming: Users can stake their LP tokens (received for providing liquidity) in token farms to earn additional rewards in BSW and other tokens. Biswap also offers features like auto-compounding to maximize farming returns.

  • IDO Launchpad: New projects can conduct Initial DEX Offerings (IDOs) on Biswap, enabling users to participate in early-stage investments and potentially discover promising new cryptocurrencies.

  • NFT Marketplace: Biswap hosts an NFT marketplace where users can buy, sell, and trade unique digital collectibles, as wells as participate in exclusive NFT drops and auctions.

  • Launchpools: Biswap offers launchpools where users can stake BSW tokens to earn tokens from new projects. Users can then get early access to promising new cryptocurrencies.

  • Fixed Staking: Users can stake BSW tokens for a fixed period to earn a predetermined interest rate.

Why Trade BSW

BSW is the native BEP-20 token of the Biswap platform and has various use cases:

  • Governance: BSW holders can participate in the governance of the Biswap platform by voting on proposals and influencing the future direction of the project.

  • Transaction Fee Discounts: Users can utilize BSW to pay transaction fees on the platform at a discounted rate, incentivizing its use and increasing its utility.

  • Staking and Yield Farming: BSW can be staked to earn rewards, staked in liquidity pools, or paired with other tokens like BNB or stablecoins, earning a share of the trading fees and additional rewards in BSW.

  • IDO Participation: Holding BSW often grants users priority access to IDOs launched on the Biswap launchpad, allowing them to participate in early-stage investments.

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.