Biswap is a decentralized exchange (DEX) that operates on the Binance Smart Chain (BSC). It provides users with a reliable and secure platform to trade and stake their digital assets. Launched in May 2021, Biswap offers a range of services and features, including a trading platform, farms, launchpools, an NFT marketplace, trading competitions, and an NFT game.
How does Biswap work?
Biswap operates on an automated market maker (AMM) model, allowing users to swap BEP-20 tokens issued on the Binance Smart Chain. As a decentralized exchange, Biswap runs on the BSC network, which offers fast transaction speeds and low network transaction costs. Unlike centralized exchanges, Biswap does not hold custody of user funds, providing a trustless system for crypto holders.
Key Features of Biswap
Biswap Decentralized Exchange (DEX): Users can trade tokens issued on the Binance Smart Chain with a low trading fee of 0.2%. Biswap operates on liquidity pools, where liquidity providers contribute to the pools and earn Liquidity Pool tokens (LP tokens) in return. These LP tokens can be used to earn a portion of the trading fees or stake them in Biswap's farms.
Fee Rewards: Biswap reimburses transaction fees to users in the form of BSW tokens. When users make a swap on Biswap, up to 50% of the trading fee is sent to their "Fee Return" balance as BSW tokens.
Farming & Staking: Users can deposit LP tokens in Biswap Farms and stake them to earn BSW rewards. Popular LP tokens include BNB-BSW, BNB-BUSD, BNB-USDT, BUSD-USDT, and ETH-BTCB. Additionally, users can stake their BSW tokens in the Launchpool.
NFT Marketplace: Biswap offers an NFT Marketplace where users can trade NFTs using BSW tokens. The marketplace provides benefits such as low commission fees, exclusive NFT auctions, a unique Biswap NFT collection, and the ability to receive Robi Boosts when buying or selling on the platform.
NFT Launchpad: Biswap's NFT Launchpad allows users to purchase virtual crypto robots called Robbies NFTs. Each Robbie NFT has a random amount of Robi Boosts, which determine its price and rewards in the NFT Staking Pool.
NFT Staking Pool: Users can stake their Robbies NFTs in Biswap's NFT Staking Pool and earn rewards based on the number of Robi Boosts their NFTs possess.
Biswap Referral Program: Biswap offers a unique three-type referral program where users can earn BSW rewards by inviting friends to register and participate in the exchange, farms, launchpools, and lottery
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