Review: exploring Biswap
Investors have many options for digital trading assets, offering them varying services. One such exchange that is becoming increasingly popular is Biswap. It is a decentralised cryptocurrency exchange that works as a Defi platform.
The unique thing about this DEX is that it offers high returns through its yield farm and referral program. The platform claims to be the most economical as it provides minimal exchange fees. However, its legitimacy is often questioned by investors.
If you are also wondering whether it is legit or a scam, here’s a thorough Biswap review!
What does Biswap offer?
It is a Defi-based decentralised crypto exchange that allows you to make high profits through its services. It is built on the BNB chain and is compatible with all BEP-20 tokens. Along with the yield farm, you also have a liquidity mining service and lottery that attract many investors.
Moreover, it offers launch pools and introduces its native token, BSW, for staking. The token has several use cases and serves as a governance token for the platform. As for the trading fees, it charges only 0.1% of the amount. This fee is relatively lower in comparison to other DEXs on BNB. Besides, it runs its own NFT marketplace and gameFi as well.
Meanwhile, you can further generate passive income through its referral program. If you refer it to someone, you can earn profits in three ways. These include:
- A percentage of exchange fee
- 5% from yield farms
- 5% from launchpool profits
BSW is the native token on the exchange. There are a maximum of 700,000,000 tokens in the supply. However, currently, 100,000,000 BSWs are circulating in the market. Currently, each token is worth around $0.32, whereas, at the beginning of the year, it was over $1.
The token is deflationary, so its supply is reduced by the burning method. Half of the transaction fee amount is used to burn them. You can stake your BSW tokens to earn up to 600% of rewards through launchpools and farming.
Is Biswap safe?
Biswap is a legit platform. Its security is backed by Certik. It performs independent audits for the exchange and ensures transparency. Moreover, if you are concerned about any financial crisis on the exchange, it ensures protection with its insurance fund. The platform has a SAFU fund, for which it has assigned 1% of the total BSWs. Besides, the platform also provides a transparent fee structure, so you know exactly how much you have to pay.
Summing up the Biswap Review
Biswap is an innovative project that combines numerous services on one platform. You can use it for swapping, mining, and staking tokens. Furthermore, you can earn great rewards through the lottery, launchpools, and its three-way referral program.
Apart from that, it offers an NFT marketplace and gameFi. Along with all these features, it is a safe platform certified by Certik.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.