Biswap - Freedom of exchange

Biswap could be a decentralized exchange (DEX) that enables users to swap tokens on the BNB smart Chain. Launched on May 25, 2021, it prides itself because the first decentralized exchange on BNB Chain with a three-type referral system and, therefore, the lowest platform dealings fees(0.1% per swap). Besides having a unique referral system, low trading fees, and yield farming on the Binance smart chain(BSC) network. During this article, we'll dive into the properties of this new player, as well as the professionals and cons, and see how you'll be able to benefit from it.

The token holder aims to utilize the token for trading as well as for the following:

  • The holder can stake the tokens in the launch pools and get other tickets.

  • The holder can add BSW and other tokens in liquidity pools on Biswap. The user can get 50% of each transaction fee on the platform.

  • Users can easily trade BSW tokens and get low transaction fees in the DeFi ecosystem.

  • In return, the user can stake the tokens given by liquidity providers in Biswap Farms pairs and get BSW tokens.

How does Biswap work?

Biswap is the 1st decentralized exchange to utilize what's known as a three-type referral system and has very cheap platform transaction fees of simply 0.1%. Once you connect a wallet to Biswap, you'll be able to create swaps on the DEX essentially. This procedure works because it would in any trade, wherever you indicate the cryptocurrencies that you wish to exchange, click on the "swap" button and ensure in your wallet. You ought to see the cryptocurrency get exchanged.

What makes Biswap unique?


Biswap may be a decentralized exchange platform on the BNB Chain that gives varied services and offers a unique three-type referral program. The project has been audited by CertiK, a blockchain security company specializing in analyzing and monitoring DeFi projects and blockchain protocols. Biswap contains a diverse range of products and activities that include:


  • Biswap DEX with a trading fee of 0.2%

  • Fee rewards

  • Farming & Staking

  • Lottery

  • Launchpools

  • NFT Marketplace

  • NFT Launchpad

  • NFT Staking Pool

  • Biswap Referral Program

  • Trading Competitions

NFT Marketplace


Digital art collectors and NFT fans can use BSW to trade NFTs on the Biswap NFT Marketplace. Benefits offered by Biswap NFT Marketplace include:


Low commission fee: At 1%, the commission fee is currently the weakest in the BNB Chain.


Exclusive NFT Auctions: The auction participants can earn 5% from the price difference between their own and the next closest bid.


Unique Biswap NFT Collection: If you purchase NFTs from the Biswap NFT Collection, you can stake them in the NFT Staking Pool.


When you buy or sell on the Biswap NFT Marketplace, Receive Robi Boosts allows users to earn more in the NFT Staking Pool. When an NFT transaction is completed, the buyer and seller receive an equal share of the commission fee in Robi Boosts.

How to buy BSW on Binance


You can buy BSW on cryptocurrency exchanges like Binance.


  • Log in to your Binance account and go to [Trade] -> [Spot].

  • Type "BSW" on the search bar to see the available trading pairs. We will use BSW/BUSD as an example.

  • Go to the [Spot] box and enter the amount of BSW you want to buy. In this example, we will use a Market order to buy 100 BUSD of BSW. Click [Buy BSW] to confirm your order, and the purchased BSW will be credited to your Spot Wallet.


How to stake on Biswap


To stake your BSW tokens in Launchpools,


  • Click Launchpools, and choose a launch pool of your choice. You can stake BSW tokens and earn other tokens via Launchpools.

  • Approve token withdrawal.

  • Enter the amount of BSW you want to stake and press "Confirm."

  • Approve the transaction on your wallet.

  • Withdrawal is flexible, and you may cash out your earnings and staked tokens anytime.

How to participate in Biswap farms


Once you have contributed to liquidity pools and received your L.P. tokens, you can stake them in farms to earn BSW tokens. Follow these

instructions:

  • Go to the Farms page.

  • Select the appropriate farming pair that has your L.P. tokens.

  • Click "Stake" and enter the amount you want to stake.

  • Approve the transaction on your wallet.


Once you have completed the staking process, you can monitor it on the same page to check on your BSW rewards. If you want to withdraw your rewards, click "Harvest" and confirm the transaction on your wallet.

History of Biswap (BSW)


The Biswap platform was launched in 2021 for the Binance Chain. When this blockchain was founded, there were big names, like Kevin as a product manager, Miles as a project manager, Robi as the head of support, and many more extraordinary people behind this. The team behind Biswap includes E.K. as the CEO.

CONCLUSION


Biswap has started its journey as a competition among players within the Binance smart chain ecosystem despite its comparatively new and making its position on top in just a few years. It presently contains a TVL of $431.7 million with a market cap of $92.15 million. Biswap was a new competitor; however, those numbers show how intelligent and extraordinary the team is. The competent team, effective tactics, active and growing user base, working product, innovative functions, and profitable staking and farming opportunities build it and deserve valuation.