$0.0112

Biswap is a decentralized exchange built on the Binance Smart Chain for trading BEP-20 tokens. It advertises a transaction fee of just 0.1%, which it claims is the lowest among BSC exchanges, and emphasizes innovation in decentralized finance. Users can earn referral fees by inviting others to participate in swaps, farms, launch pools, and lotteries. Its main offerings include an automated market maker, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. The project's roadmap mentions listings on major exchanges, NFT marketplace upgrades, cross-chain functionality, limit orders, lending and borrowing, a user dashboard, and a swap referral program. Biswap also runs a $10 million incentive program for BSC projects, offering fee reimbursements, farming pairs, launch pools, marketing support, and grants for audits and development.

Biswap was launched in 2021, and its website lists 27 team members, all of whom remain pseudonymous, appearing only as comic avatars. The CEO, known as "EK," is described as a crypto veteran with seven years of experience. While each team member is said to have several years of expertise in their field, no specific details are given. The project does not disclose any investors.

Biswap differentiates itself primarily through lower transaction fees compared to other DEXs, charging only 0.1% versus 0.25% on PancakeSwap and 0.3% on Mdex and ApeSwap. Of this fee, 0.05% goes to liquidity providers, and 0.05% is used to burn BSW tokens. The team may adjust the fee later but intends to keep it below industry average. Users can also earn up to 90% of the swap fee back through transaction fee mining, depending on the pair. Additionally, Biswap offers an NFT marketplace where purchases can be made with BNB, USDT, BUSD, or WBNB, and a lottery where 80% of ticket proceeds go to the prize pool. The project also has its own NFT line called NFT Earn, which includes a launchpad, staking pool, and boost features.

BSW is the governance token of Biswap, with a total supply of 700 million. Of this, 600 million is allocated as follows: farms and launchpools receive 80.7%, the referral program 4.3%, a SAFU insurance fund 1%, the team 9%, and an investment fund 5%. The remaining 100 million is split, with 70% going to NFT, GameFi, and strategic partnerships, and 30% to transaction fee mining. Deflationary measures include burning 50% of transaction fees, 13% of lottery ticket proceeds, 10% of sales revenue, and 10% of new NFT mints.

BSW is a BEP-20 token on the Binance Smart Chain, which uses a proof-of-stake consensus mechanism. Twenty-one validators are elected every 24 hours to process transactions and secure the network, and they must stake BNB with Binance to be eligible. Biswap also runs a bug bounty program, offering rewards from $10 to $100,000 depending on the severity of the reported issue.

BSW can be purchased on several exchanges, including LBank, PancakeSwap (V2), Bitget, BTCEX, MEXC, XT.COM, and CoinW. For guidance on buying cryptocurrencies, refer to our comprehensive guide.