Biswap update: BSW Live price, price chart, news and markets

What is Biswap (BSW)?

Biswap (BSW) is a decentralized exchange (DEX) that operates on the Binance Smart Chain (BSC) network using the Automated Market Maker (AMM) mechanism. Biswap provides a secure and efficient platform for token exchange, with fast processing speed and low transaction costs (only 0.1%).

Biswap was established in May 2021 and is notable as the first DEX on BSC to introduce a 3-Type Referral system, offering various options to its users for referrals.

Biswap aims to deliver genuine value, fairness, and innovation to revolutionize decentralized finance. It enables anyone to exchange and earn tokens through its fast and secure protocol.

In the cryptocurrency trading market, Biswap strives to become the leading DEX platform, setting the standard for other DEXs.

Exceptional features of Biswap

Token Swap

Biswap exchange allows users to swap (exchange) BEP-20 token pairs. When a user performs a token swap on the exchange, the transaction fee is 0.1%, divided according to the following ratio:

• 0.05% will be rewarded to liquidity providers.
• The remaining 0.05% will be used to burn BSW tokens.

In the future, the transaction fee may increase to support the development team, but it will always remain competitive in the market.

Liquidity Pool

Similar to other DEX platforms, Biswap allows users to provide liquidity to any pool on the exchange. By supplying liquidity to a pool, users receive LP tokens. Whenever someone swaps tokens, a 0.05% transaction fee is paid to liquidity providers as a bonus fee.

Biswap's Liquidity Pool also enables users to stake LP tokens and earn BSW tokens, allowing them to generate profits from both token swaps and staking LP tokens.

Yield Farming

Biswap currently offers nearly 60 different Farms where users can stake their LP tokens and earn rewards in BSW tokens.

Launchpool

Biswap provides users with the opportunity to earn BSW tokens and other tokens from Initial Exchange Offerings (IEOs) by staking BSW in Launchpools on Biswap.

The number of tokens received depends on the amount of tokens registered in the pool and the total amount of BSW tokens staked. Users can claim their rewards at any time, as they are calculated every three seconds.

NFT Marketplace

Biswap offers a convenient marketplace for users to trade, buy, and sell NFTs.

GameFi

Biswap recently introduced a small game project inspired by Squid Game to attract players and stimulate the circulation of BSW tokens.

Highlights of Biswap

Diverse DeFi Ecosystem

Biswap offers a wide range of features to cater to the diverse needs of users. It provides opportunities for NFT enthusiasts through the NFT Marketplace, NFT staking, and Play to Earn games that utilize NFTs. Additionally, Biswap serves as a launchpad for projects seeking capital from the community.

Commitment to Perfection

Biswap's Bug Bounty Program emphasizes the importance of quality by rewarding users who discover errors on the website, including typos and other issues. Higher rewards are offered for identifying serious bugs that could impact the protocol.

Transaction Fee Refunds

Biswap charges a transaction fee of only 0.1%. In certain cases, the system refunds users in BSW tokens to their Return Fees account at a rate of 100%. The refund rate varies depending on the trading pair.

Roadmap