• Average rating of 83% based on 41 reviews.
• Founded 1 year ago in 2021.
• Use anonymously. No KYC required.
• Decentralised exchange.
Biswap is a decentralized exchange built on the BNB (Binance Smart Chain) and stands out with low transaction fees. Biswap is a platform where users can buy, sell, and trade BEP20 tokens. A team of 27 pseudonymous members launched the platform, and they are listed on the official website. Team members are shown with avatars, and no details are provided. LinkedIn, Twitter, or any other social media profile of team members are not given. EK is the CEO of the company.
Biswap also doesn't specify where the platform was founded or if there are any investors in the project. Biswap is audited by Certik, which is a reputable firm in the industry. You can find the security assessment report on the platform's website. (audit report).
Biswap has various tools and products offered on the platform, including liquidity pools, yield farming, IDO launchpad, and NFT marketplace, besides the traditional DEX tool such as buy, sell, swap and trade. Biswap targets to expand its products and services and become an all-in-one crypto platform for BEP20 tokens. Biswap also plans to expand its availability on other chains and works on cross-chain solutions. Biswap doesn't offer lending & borrowing features so far. Anyone can list a new BEP20 token on the platform without any permission as soon as they provide enough liquidity for the tokens' trading pair.
Binance Labs (Binance's venture capital and incubator) has made a strategic investment in Biswap. Biswap started a $10M Global Incentive Program after the partnership with Binance Labs. The program aims to return some of the transaction fees back to the users to make the platform more attractive. When new projects want to launch on Biswap and deposit assets to liquidity pools, some of the fees will be returned. Biswap also has a Multi-type referral program, and users can benefit from their referral's swaps and trades up to %20 of the commissions.
BSW is the utility and governance token on the Biswap platform. BSW holders can participate in voting on the decisions to shape the platform's future. The team has only %5 of the tokens, and %80 of the tokens are allocated for farms and launchpools. Biswap has a burn program for its BSW tokens, and the total supply of the tokens is constantly decreasing as a result of activities on the platform. The more transactions are made on the platform, the faster the burn rate is. This program makes BSW tokens deflationary.
Biswap supports over 70 currencies including Ethereum, Tether, USD Coin and Binance USD.
|Automatic market maker||Yes|
|Know your customer||No|
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