Biswap, a decentralized exchange (DEX) operating on the Binance Smart Chain (BSC), offers users low transaction fees and features a GameFi application. As part of its operations, Biswap plans to repurchase and burn its native governance token, BSW, using a portion of its revenue.
What is Biswap (BSW)?
Biswap (BSW) serves as a decentralized exchange (DEX) for BEP-20 tokens on the Binance Smart Chain (BSC). With a commitment to continuous innovation in DeFi, Biswap claims to have the lowest transaction fees among BSC exchanges, set at 0.1%. The platform also provides high-quality products and services. Additionally, Biswap offers a referral system that allows users to invite others and earn fees from farming, pools, exchanges, and a lottery.
The governance token of Biswap is BSW, which has a total supply of 700 million. The distribution of 600 million BSW is as follows:
– Farming / Launchpad: 80.7%
– Referral Program: 4.3%
– SAFU (emergency insurance fund for all users): 1%
– Team: 9%
– Investment Fund: 5%
The remaining 100 million BSW will be divided as follows:
– NFT (Earn), GameFi (Play to Earn), Strategic Partnerships (70%)
– Transaction Fee Mining (30%)
Biswap will also implement various deflationary mechanisms, including burning 50% of transaction fees, 13% of lottery ticket revenue, 10% of sales revenue, and 10% of new NFT minting.
Furthermore, Biswap has introduced a $10 million global incentive program to collaborate with other BSC projects. Partners who participate may receive benefits such as 90% fee reimbursements, BSW farm trading pairs, a launch pool, marketing promotion, security audits, and grants for project development.
Where to Buy BSW Coin?
To safely trade BSW Coin, users can turn to Binance, the world’s largest cryptocurrency exchange in terms of trading volume. Binance offers BSW Coin in the following trading pairs: BSW/BNB, BSW/USDT, and BSW/BUSD.
To purchase BSW Coin, users must first register on the Binance exchange. Once registration is complete, funds can be transferred to the Binance wallet in either cryptocurrency or fiat currency. After the transfer is completed, users can buy BSW Coin using any of the four mentioned trading pairs. For those who wish to purchase through the BSW/USDT trading pair, they can navigate to the interface of this pair. In the limit section, users can enter the desired amount to buy. After specifying the amount, the purchase can be completed by executing the Buy BSW order.
For the latest news and updates, users can follow Biswap on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer:
The information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. It is advisable for investors to conduct their own research before making any investment decisions.
