Biswap is a decentralized exchange (DEX) platform launched in July 2021 on the BNB Chain. The exchange is based on an Automated Market Maker (AMM) and it allows the swapping of BEP-20 tokens. Apart from swapping, Biswap also offers services like liquidity provision, farming, launchpools, staking, and an NFT marketplace.
Biswap cryptocurrency exchange doesn’t have any KYC requirements. However, it requires validation in some cases.
No margin or leverage trading is available on this exchange. Besides, there is also no Biswap spot trading in a traditional sense. However, as an alternative, the exchange provides the swapping of BEP-20 assets. WBNB/BUSD, WBNB/USDT, and MICRO/NBC are some of the most popular Biswap trading pairs based on their trading volume.
A standard Biswap exchange fee is 0.1%. The fee is deducted from the user's balance with every transaction. There are no other Biswap crypto fees.
BSW is the native token of Biswap. The BSW token serves as a reward for active involvement in the Biswap network and it is the driving force behind the platform's incentive scheme. Through its weekly token-burning mechanism, Biswap continues to reduce the total amount of BSW tokens in circulation. In the long term, the Biswap crypto price should ultimately increase as a result of the process. The Biswap trade volume also might change due to this process.
Apart from trading, Biswap also offers various other features and services. For starters, BSW holders have the opportunity to earn more tokens by participating in the launch pools. Besides, they can deposit BSW, as well as other tokens, into liquidity pools and earn rewards for liquidity provision.
Also, users are able to participate in yield farming and mining for transaction fees. Miners are entitled to up to 90% of the Biswap crypto fees associated with token swaps and they have the opportunity to earn extra fees paid out in BSW tokens.
Another important component of the platform is the NFT marketplace, which allows users to make purchases of NFTs using a variety of cryptocurrencies, including BNB, USDT, BUSD, and WBNB. They may also acquire the exchange's own NFTs via the NFT Earn program, which includes an NFT launchpad, a staking pool, and tools to enhance and improve NFTs.
Moreover, users of Biswap have the opportunity to earn passive income via the multi-tier referral program. They are able to earn rewards by encouraging their friends to join the platform through their referral links.
Last but not least, the IDO launchpad offers new projects an opportunity to raise money via the exchange. More than $10 million are available for partnership with other projects through its global incentive program. The grants are part of the exchange's expansion strategy and are given out for security assessments and project development.
About the Company
The Biswap crypto exchange was launched in July 2021. The founders of the exchange are unknown while the leading team members choose to go by pseudonyms. EK is the Chief Executive Officer of the company, Kevin is in charge of product management, and Miles is in charge of project management.