Biswap is a decentralized platform that provides various financial services: trading, farming, IDO platform, NFT, and blockchain games. Additional features include lotteries and multiple contests. The protocol operates on the Binance Smart Chain network, primarily with BEP-20 standard tokens.
BSW is the utility token of the Biswap ecosystem. It can be used as a trading tool but also offers a range of additional benefits to holders (such as discounts on trading fees). The token has a deflationary structure; developers regularly buy back and burn a certain percentage of assets to maintain a deficit and prevent the price from falling.
Exchange Biswap DEX
The Biswap decentralized exchange is based on an automated market maker mechanism through which users can exchange BEP-20 tokens for each other (on the Binance Smart Chain blockchain). The critical concept is liquidity pools, where users (liquidity providers) contribute funds, receiving passive interest income for deliveries.
The trading fee is 0.1% and is broken down as follows:
- 0.05% — liquidity providers.
- 0.05% is burned in the form of BSW tokens to counter their inflation.
The developers may increase commissions to provide remuneration to the project team. But even after the increase, as they promise, it will still be below the average among competitors.
The participant receives unique LP tokens by adding liquidity to the pool on Biswap. When someone trades in a pool where the participant has contributed assets, liquidity providers receive 0.05% of the transaction amount. The share of each particular provider depends on how many LP tokens he has.
It is essential to understand that the supply of liquidity is income associated with certain risks. In particular, there is a risk of “non-permanent losses” related to changes in the rate of deposited assets in the liquidity pool.
On Biswap, it is possible to stake LP tokens and receive interest income in return for native BSW tokens. Developers periodically stimulate this or that pool, adding increased interest.
On the page, you can see all available liquidity pools, how many assets are blocked in them, the annual interest rate, and how much you have earned.
At the top are popular, new, and enhanced pools. Below are all the rest.
Deposits on Biswap are in the Launchpools section. At their core, they resemble staking. The user blocks the currency to earn passive profit. You can stake BSW and some other tokens. The interest rate is individual for each asset.
There are currently two deposit options available:
- Holder Pool. Income 81.7%.
- Auto compound. Income 81.7%.
- Both of them involve betting in BSW and earning in the same currency. The profit level is constantly changing based on the situation in the market.
Biswap IDO Launchpad
IDO is an initial DEX offering, an initial offering of tokens on a decentralized exchange. New projects can launch their blockchain tokens using this mechanism, immediately getting an interested audience and finding ways to use them.
Claimed Benefits of Collaborating with Biswap for Projects:
- The exchange ranks second in terms of profitability among projects on the BSC.
- Safe and transparent fundraising process.
- Over 300,000 active Biswap users.
- A large number of participants in the sale process.
- New tokens receive immediate listing and liquidity on the exchange.
Squid NFT World
Squid NFT World
In the GameFi section of Biswap, there is a decentralized blockchain game Squid NFT World using P2E (Play-to-Earn) principles. Powered by BSC and all players and other functional objects in the game are NFTs. The game is made with the theme of “Game of squid.”
- The opportunity to receive benefits up to 6000% of the investment for a successful game.
- Low barriers to entry.
- Jackpot pools (over $100,000).
- Referral program (3% income from referral wins).
The Biswap lottery system allows you to win significant prizes in BSW tokens.
Everyone who buys tickets has a chance to win. The cost of one ticket is approximately $1 in BSW. You can buy up to 500 tickets at a time.
Each ticket contains a random combination of six numbers. If the numbers on the ticket match in the correct order, it is winning.
To work with the Biswap decentralized protocol, you need to connect to it using a wallet that supports the Binance Smart Chain blockchain.
Native tokens of the BSW project have a wide range of uses: they can be placed as deposits and receive interest income, earn on the supply of liquidity, farm, play games, save on commissions, and purchase lottery tickets. Referral rewards are also paid in BSW.
Biswap has implemented numerous deflationary mechanisms to control inflation. The following shares of tokens are burned:
- 10% of NFT sales proceeds.
- 13% on lottery ticket sales.
- 50% trading commissions.
All referral deductions from accounts are registered independently without a referrer.
10% commission for early withdrawal of assets from the game and many others.