What is BSW

I. Project Introduction

1. What Is Biswap

Biswap is a decentralized exchange (DEX) launched in May 2021 on the BNB Chain (formerly Binance Smart Chain). Its standout feature is an exceptionally low 0.1% transaction fee, making it one of the most cost-effective DEXs. Beyond token swaps, Biswap offers a full suite of DeFi services, including liquidity provision, yield farming, staking, NFT marketplace, and IDO launchpad. Additionally, Biswap features a unique multi-tier referral program, allowing users to earn rewards from their referrals' trading, staking, lottery participation, and other activities.

2. How Does Biswap Work?

Biswap employs an AMM mechanism to facilitate crypto swaps. Its core functionalities include:

Biswap V3: This upgraded version supports concentrated liquidity pools, customizable fee tiers, and multi-chain compatibility, significantly enhancing capital efficiency and trading flexibility.

Referral Program: A multi-tiered referral system allows users to earn commissions by inviting others to participate in Swaps, Farms, Launchpools, and the Lottery.

Fee Return: Certain trading pairs offer a rebate of up to 90% of the transaction fees, incentivizing frequent trading.

NFT Marketplace: This platform enables NFT trading and staking, providing users with opportunities to generate additional income.

Launchpools and IDO Launchpad: These features allow users to stake tokens to earn rewards and participate in the early-stage public sales of new projects.

3. Who Founded Biswap?

According to the official website:

EK, Biswap's CEO: Possesses over 7 years of experience in the crypto industry, demonstrating strong analytical and management skills.

October 2021: Secured an undisclosed investment from Binance (YZi Labs).

4. Biswap Tokenomics

The total supply of BSW is fixed at 700 million tokens, with 100 million allocated for the initial supply (for initial liquidity, marketing, and strategic partnership purposes). The allocation of the 600 million BSW tokens is as follows:

Farms/Pools: 80.7%

Referral Program: 4.3%

SAFU: 1%

Team: 9%

Investment Fund: 5%

5. Timeline of Key Milestones

May 2021: Biswap officially launched on the BNB Chain.

2023: Biswap V3 was introduced, featuring advanced functionalities such as multi-chain support, multiple fee tiers, and concentrated liquidity.

May 24, 2024: BSW block production was adjusted to 1 token per block to manage inflation.

Ongoing: Biswap is actively developing more advanced trading tools and continuously optimizing platform features according to its roadmap.

II. Basic Information

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