Biswap

• Utility token for the Biswap decentralized exchange (DEX) on the BNB Chain

• Lowest trading fees in DeFi space at 0.2%

• Supports gaming platforms, yield farming tools, and automated market maker (AMM) for token swaps

• Maximum supply: 700 million BSW tokens

• Contract address: 0x965F527D9159dCe6288a2219DB51fc6Eef120dD1 on BSC Chain

• The deflationary mechanism through monthly token burns

• Over 44,507,119 BSW tokens burned as of today

As of today 22 November 2024, the price of Biswap is ₹5.82 INR, with a 24-hour trading volume of 6700064.82 USD. The market capitalization for Biswap is 34421730.71USD. The circulating supply is 517522131 Biswap, with the total supply also being 639413317 Biswap.

• Low trading fees

• Deflationary token model through regular token burns

• Multi-utility token with various use cases within the Biswap ecosystem

• Access to yield farming and liquidity provision opportunities

• The price of BSW can be highly volatile.

• The team behind Biswap is pseudonymous.

• Potential for decentralized exchanges and Biswap's specific advantages, such as low fees and deflationary token model

• Investment decisions should be based on thorough research and consideration of personal risk tolerance.

• Lowest trading fees in the DeFi space

• Innovative features like a token-burning mechanism and various tools for earning and participating in the platform's governance

• High fees and limited earning opportunities in decentralized finance

• Providing a platform with low transaction costs and multiple avenues for users to earn rewards through activities like trading, farming, and staking

• Founded in 2021 by a team of anonymous individuals

• CEO, known as EK, is a crypto veteran with seven years of experience in the crypto space

• The rest of the Biswap team has several years of experience in their respective areas.

• Initial Coin Offering (ICO) in March 2022 with 1 BSW = 0.3434 USD

• Fundraising goal: sell 436,809 tokens out of a total supply of 700,000,000 BSW tokens

• Returns since the ICO: 0.27x in USD, 0.31x in ETH, and 0.27x in BTC

• Market volatility

• Regulatory changes

• Technological issues

• The pseudonymous nature of the team, which could affect trust and accountability

• General risks of investing in cryptocurrencies

The Biswap V3 Whitepaper outlines the design and implementation of the first decentralized exchange protocol on the BNB Smart Chain. The new Automated Market Maker (AMM) version introduced in Biswap V3 utilizes a novel discretized concentrated liquidity mechanism. This mechanism aims to enable more efficient utilization of liquidity, which is expected to lead to increased trading volumes and higher profits for liquidity providers (LPs). Biswap V3 is designed to operate on the Ethereum Virtual Machine, and it focuses on ensuring a stable Annual Percentage Rate (APR) by boosting trading volumes and LP profit. The protocol combines concentrated liquidity from LPs with one-off liquidity from limit orders. This integration allows for minimal price slippage on trades while providing the flexibility of limit orders. The introduction of Biswap V3 is intended to enhance the DeFi ecosystem by offering LPs greater capital efficiency, control, and flexibility.