Biswap Overview
Biswap is a decentralized exchange (DEX) developed specifically for token swapping on the BNB Smart Chain.
The DEX supports tokens adhering to the BEP-20 standard, offering buying, selling, and trading options.
Users can engage in liquidity mining, yield farming, and access launchpools.
Native Token and Referral System
BSW serves as the native cryptocurrency on Biswap, with multiple use cases.
Biswap features a three-type referral system and boasts a 0.1% platform transaction fee.
Functionalities and Accessibility
Connecting a wallet enables swaps and interactions on the DEX.
Supported wallets include Metamask, TrustWallet, WalletConnect, and more.
The homepage showcases Biswap's key features, trade fee details, and live statistics.
Visitors can explore various markets, promotions, farms, and launchpools.
Benefits of Using Biswap
The DEX touts advantages such as a 3-Type referral program, low exchange fees, and fee reimbursement.
Regular trading competitions offer exclusive rewards.
The homepage displays total volume, active users, and other vital metrics.
Reputable crypto resources endorse Biswap, affirming its accomplishments.
Strategic Partnerships and Community
Biswap has garnered strategic investment from Binance Labs.
The platform's about, products, service, and community sections provide comprehensive information.
History and Team
Biswap, established in 2021, features a core team of members using avatars and pseudonyms.
Key team members include "EK," "Kevin," and "Miles."
Functionality and Offerings
Wallet-connected users can swap cryptocurrencies directly on the DEX.
Liquidity mining and yield farming opportunities are accessible by adding liquidity or staking LP tokens.
Launchpools enable users to earn BSW tokens and more.
Biswap's unique NFT marketplace allows NFT swapping with minimal fees.
Referral Program
Biswap's referral program offers rewards for inviting friends and earning commissions from their activities.
Pros and Cons
Pros
- Lowest exchange fees among BSC DEX platforms
- Three-type referral system for passive income
- CertiK-audited for security
- High APY farms available
Cons
- Relatively new DEX
- Primarily designed for BEP-20 tokens
Conclusion
Biswap offers a user-friendly experience, competitive features, and a variety of earning opportunities.
Despite being a new player, Biswap's audited security and distinct offerings make it a compelling option.
Frequently Asked Questions (FAQs)
Is Biswap (BSW) Safe to Use?
Biswap's lack of hacking incidents and CertiK audit contribute to its safety.
How Can Someone Make Money on Biswap?
Liquidity provision, yield farming, and launchpool staking are avenues to earn on Biswap.
What Does the Multiplier in Biswap Farms Indicate?
The multiplier signifies the distribution of block rewards within specific farms.
