A decentralized exchange (DEX) for cross chain swaps build on BNB Smart Chain.
April 11th 2022
Biswap (BSW)
Biswap is a decentralized exchange built on BNB Smart Chain. Biswap promises the lowest transaction fees on its exchange and has been committed to innovating the defi space. It also further seeks to expand into the GameFi space.
BSW is the native token for Biswap. Its use cases consist of the following
Governance: BSW holders can vote for proposals that affect the exchange.
Liquidity Incentive: BSW token holders can provide liquidity to pool in exchange for rewards. Liquidity providers are provided a percentage of transaction fees. You can also stake your LP Tokens to obtain from the liquidity pool to gain additional rewards.
Burning Mechanism: A portion of revenue for Biswap is allocating in buying BSW tokens and burning them. This will effectively reduce the supply and increase the price.
Biswap has the following features working in conjunction to create its ecosystem:
Biswap Exchange: Users can swap tokens for a 0.1% trading fee. The exchange is an automated market maker, the standard for most decentralized exchanges.
Liquidity Providers: Biswap allows traders to provide liquidity in exchange for transactions fees.
Farms: Users can stake their LP tokens to gain additional rewards.
Launchpools: Users can stake their BSW to earn more tokens. This is an alternative to mining which is more resource intensive.
IDO Launchpad: Blockchain projects can launch their own tokens on Biswap through the Initial DEX Offering (IDO) Launchpad.
Squid NFT World: Users can immerse themselves in a play-to-earn NFT game.
NFT Marketplace: Users can purchase NFTs on the Biswap NFT Marketplace. Biswap will charge a 1% commission fee.
NFT Earn: Users can stake their NFTs to earn BSW tokens or other rewards.
Lottery: Users can purchase tickets to win prizes on the exchange.
As of May 3rd, the tokenomics of BSW are as follows: there are currently a circulating supply of 220 million BSW Tokens which is approximately 32% of the total supply. The max supply of 700 million BSW tokens with a total supply of 257 million.
To learn more about BSW token distribution click here.
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