Biswap is a decentralized exchange and automated market maker (AMM) established on the Binance Smart network aiming to facilitate the process of swapping for BEP-20 tokens. The key features of the network include low fees and fast speed of transactions. At the time of writing, the customer base of Biswap has already exceeded 100K users across different countries,
Focusing on such aspects as fairness, true value, and innovation, the team of the platform develops the infrastructure and delivers services with regard to these principles. The major milestones attained by Biswap can be easily tracked by its roadmap published on the official website of the exchange. It is updated quarterly and enables any person to keep up with the progress achieved by the ecosystem.
One of the products released by the company is Biswap Launchpool, a platform enabling startups to launch their projects. The company promises marketing support by promoting the projects on the platform’s social networks and increasing their liquidity. Thus, the members of the ecosystem can take advantage of the promotion to an audience that exceeds 170,000 people.
In September 2021, Biswap initiated the global incentive program for Binance Smart Chain projects. Encouraging BSC-based projects to participate, it enabled Biswap to gain additional liquidity and incentivized collaboration with the worthiest participants. The support is provided to all startups on the BSC network. Even individuals could claim a reward of up to 10,000 USD. Additionally, the qualifying participants could get 100% fee reimbursement, access to the Biswap launchpool, a security audit, farming pairs, and Biswap support.
The incentive was launched to support the companies that enter the market. These companies get an opportunity to reach new heights as they gain all the necessary instruments at their disposal to boost their projects. Biswap leaders also believe that collaboration with BSC will bring new discoveries, the development of advanced technologies, and the overall expansion of the company.
The most successful projects can expect to get their token listed by the platform’s partners such as Betfury and thus obtain a marketing boost. Maximization of the trading volume is achieved with the help of the trading tournament that is arranged to determine the best project. The platform promises to support companies with funding that varies from 10,000 USD to 30,000 USD. Also, 10,000 USD is reserved for the security audit.
To participate in the incentive program projects must add liquidity for their asset on Biswap and submit the application. Each applicant is assessed within 72 hours, after that the members of Biswap reach out to successful projects.
Biswap uses different methods to attract more users to the platform. Thus, at the end of October 2021, Biswap announced the first BSW trading competition with a total prize pool of 10,000 USD in BSW. A trader with the highest trading volume was rewarded with 3,000 BSW while 500 traders in total were rewarded with prizes. Such competitions are arranged by the exchange on a regular basis.
In November 2021, Biswap launched the NFT marketplace. Prior to the launch, the platform released its own NFT collection of Biswap Robbies. The collection is limited and includes only 2811 unique NFTs. Each of them is randomly generated with exclusive characteristics reflecting the level and vibe of NFT. The platform offers easy design navigation, convenient functionality, and the unique complexity of earning through NFT Earn.
The platform also provides farming services where the members of the community can get rewards in BSW tokens. By staking their tokens, users earn more BSW. The size of the reward depends on the size of the stake in BSW tokens and the number of subscribed tokens. The staking period typically lasts for 30 days but the length of the period can vary. It is also possible to harvest rewards at any moment.
Safety is the top priority for the Biswap team. In May 2021, the company launched Biswap SAFU, an emergency insurance fund. 1% of tokens is allocated to the specific wallet created to protect users and their funds in case of an emergency. However, the platform doesn’t take responsibility for the loss of funds that occur due to users’ faults.
What’s more, Biswap has an evergoing bug bounty program that helps to improve the code of the platform and eliminate security exploits and vulnerabilities. The members of the community can earn BSW for reporting bugs and thus prevent incidents of widespread abuse.
Biswap financial details
BSW is a native utility token of the platform that is distributed among 45,000 holders at the time of writing. It can be used for trading, staking, payment of fees, etc. The fees are as low as 0,1% per transaction.
Biswap is ready to reimburse up to 90% of the fees paid by companies for swapping their tokens. Thus, the company shares monetary resources saved in this way and helps startups develop their products and improve their tokenomics. For instance, projects can burn BSW to make their native assets more valuable. There are no strict rules, though, as these funds can be used the way startups decide themselves.
Biswap has a referral system of different types, which makes the project unique. It’s possible to invite friends to register on the platform and get referral rewards from Farms and Launchpools. Farms let you earn 5% in BSW from the income of your friends on Farms. There is also a Swaps referral program that starts working after the transaction fee mining is deactivated. The number of invited friends is unlimited while the referral links themselves may have different settings and can be easily customized.
The international team of the company includes the most dedicated and experienced blockchain professionals. Their profiles are published on the official website of the company but don’t include any links to social media profiles or real names so there is no proof of the data provided there.