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What is Biswap (BSW)?
Biswap is a BEP-20 token decentralized exchange (DEX) on Binance Smart Chain (BSC). It boasts the lowest transaction fees of any BSC exchange at 0.1% and is dedicated to innovation in DeFi by offering top-notch products and services. Its referral program allows users to invite others and earn referral fees from farms, launch pools, swaps, and a lottery.
Who are the Founders of Biswap?
On its website, Biswap has listed 27 team members, all represented by comic avatars. The CEO, known as "EK," reportedly has seven years of experience in the crypto space and almost every team member has experience in their respective fields, although no specific details are given. Biswap has not disclosed any information about its investors. The platform offers a range of services, including AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad, with plans to introduce limit orders, lending and borrowing, and cross-chain support. Biswap has also announced a $10 million global incentive program to support other projects on the BSC network. This program includes fee reimbursement, farming pairs with BSW, marketing promotion, and grants for security audits and project development. The platform also plans to create a personal user dashboard and a swap referral program in the future.
How does Biswap (BSW) Work?
Biswap provides a wide range of offerings, including AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. In addition to these standard DEX functions, Biswap has ambitious goals in its roadmap, such as listing on major crypto exchanges, introducing limit orders, lending and borrowing, and cross-chain support. Biswap also plans to create a personal user dashboard and a swap referral program. Recently, Biswap announced a $10 million global incentive program to collaborate with other BSC projects. This program includes a 90% fee reimbursement, farming pairs with BSW, a launch pool, marketing promotion, and grants for security audits and project development.
What makes Biswap Unique?
Biswap sets itself apart from other decentralized exchanges by offering lower transaction fees, with only a 0.1% fee compared to other BSC DEXes which charge 0.25% or higher. Biswap reserves the right to increase the fee and allocate a portion to the team, but promises to keep it below the industry average. Users can engage in transaction fee mining and earn up to 90% of the swap fee, as well as provide liquidity to pools and earn BSW farming rewards. The Biswap NFT marketplace allows users to purchase NFTs using four cryptocurrencies, and the Biswap lottery offers substantial BSW prizes. Biswap also offers its own NFTs called NFT Earn, which users can buy and stake to make a profit. Lastly, Biswap provides an IDO Launchpad for other blockchain projects to launch their token, and incentivizes participation with a $10 million incentive program.
How is the Biswap Network Secured?
On the Binance Smart Chain (BSC), BSW is a BEP-20 token. The blockchain's security is maintained by 21 validators who are elected every 24 hours using a proof-of-stake (PoS) consensus mechanism. Validators are required to stake a certain amount of Binance Coin (BNB) with Binance to be eligible for the position. Additionally, Biswap offers a bug bounty program that rewards individuals for reporting security issues, with payouts ranging from $10 to $100,000 depending on the severity of the bug.
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How to buy Biswap(BSW)
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After having successfully signed up on Bitget and purchased USDT or BSW tokens, you can start trading derivatives, including BSW futures and margin trading to increase your income.
The current price of BSW is $0.03531, with a 24h price change of +77.47%. Traders can profit by either going long or short onBSW futures.
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Biswap Social Data
In the last 24 hours, the social media sentiment score for Biswap was 3, and the social media sentiment towards Biswap price trend was Bullish. The overall Biswap social media score was 800, which ranks 508 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Biswap being mentioned with a frequency ratio of 0.01%, ranking 408 among all cryptocurrencies.
In the last 24 hours, there were a total of 255 unique users discussing Biswap, with a total of Biswap mentions of 48. However, compared to the previous 24-hour period, the number of unique users decrease by 10%, and the total number of mentions has decrease by 47%.
On Twitter, there were a total of 1 tweets mentioning Biswap in the last 24 hours. Among them, 0% are bullish on Biswap, 0% are bearish on Biswap, and 100% are neutral on Biswap.
On Reddit, there were 32 posts mentioning Biswap in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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