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Over Biswap v2
What Is Biswap?
Biswap is a decentralized exchange (DEX) enabling users to swap BEP-20 tokens on BNB Chain. It uses an automated market maker (AMM), allowing users to trade against a liquidity pool with a constant product formula. Furthermore, users can engage in yield farming and transaction fee mining. For example, miners receive up to 90% of transaction fees on token swaps and can earn additional fees in the exchange’s native token.
Another key product is the NFT marketplace, where users can buy NFTs with different cryptocurrencies like BNB, USDT, BUSD and WBNB. They can also buy the exchange’s own NFTs from its NFT Earn program, which is comprised of an NFT launchpad, a staking pool, and tools to boost and upgrade NFTs. This is complemented by the lottery, where prizes in the native token are up for grabs.
Finally, the IDO launchpad provides new projects with a way to raise funding through the exchange by tapping into its more than 300,000 users. Its global incentive program has more than $10 million ready for collaboration with other projects. The funds are allocated as grants for security audits and project development and form part of the exchange’s growth strategy.
Who Are the Biswap Founders?
Biswap does not provide any information on its founders but lists a team of pseudonymous contributors. The CEO is called “EK” and is a veteran in the crypto industry, according to the official documents. Furthermore, no information on possible investors is provided.
When Did Biswap Launch?
The exchange launched in July 2021. It quickly established itself as one of the major decentralized exchanges in the BNB ecosystem.
Where Is Biswap Located?
At the time of writing, there is no information available about where the exchange is located.
Biswap Restricted Countries
There is no information about possibly blocked or restricted countries on this exchange.
Biswap Supported Coins List
Biswap supports almost all BEP-20 tokens available on BNB Chain.
How Much Are Biswap Fees?
Unlike most other decentralized exchanges that charge 0.3% for token swaps, Biswap only charges 0.1%. Half of the fees are redistributed among liquidity providers and the other half is burned.
Is It Possible to Use Leverage or Margin Trade on Biswap?
There is no margin or leverage trading on this exchange.
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