Biswap, a decentralized exchange (DEX) operating on the Binance Smart Chain (BSC), has set itself apart by offering minimal transaction fees and integrating a GameFi application. The platform has announced its commitment to utilizing a portion of its revenue to repurchase and burn its native governance token, BSW, enhancing its appeal to users.
What is Biswap (BSW)?
Biswap facilitates the trading of BEP-20 tokens on the BSC and claims to have the lowest transaction fees in the sector at just 0.1%. The platform thrives on continuous improvement in decentralized finance (DeFi) through high-quality offerings, alongside a referral system that rewards users for bringing in new participants.
How is BSW Token Distributed?
The governance token, BSW, has a total supply of 700 million tokens, with 600 million allocated across various functions, including farming, referral programs, and an emergency fund. Notably, the remaining 100 million tokens are split between NFT initiatives and transaction fee mining, alongside deflationary strategies that involve burning portions of transaction and lottery revenues.
Key points regarding Biswap’s offerings include:
- Lowest transaction fees in the BSC DEX market.
- Incentive program with $10 million to collaborate with other projects.
- Deflationary measures to enhance token value.
BSW Coin can be traded securely on Binance, known as the largest cryptocurrency exchange globally. Users can buy BSW through multiple trading pairs including BSW/BNB and BSW/USDT, following a straightforward registration and funding process on the platform.