Overview of Biswap and BSW Token
Overview of Biswap and BSW Token
Biswap operates as a decentralized exchange (DEX) facilitating peer-to-peer transactions of cryptocurrencies without centralized control. Users can trade directly without the involvement of an intermediary.
Built on several blockchains like the Binance Smart Chain, Ethereum, Arbitrum, and Base, Biswap enhances accessibility for diverse users.
With an incredibly low trading fee of just 0.1%, it offers a cost-effective solution for trading activities.
Additionally, Biswap provides several attractive features:
Yield Farming and Staking options to maximize crypto earnings.
NFTs as unique digital assets for trade and collection.
A platform for launching new crypto projects (IDO launchpad).
All About the BSW Token
The BSW token serves as the native currency of Biswap, akin to reward points within its ecosystem.
There is a total supply of 700 million BSW tokens.
With BSW, users can:
Enjoy rewards on trades.
Participate in governance decisions impacting Biswap’s development.
Access exclusive events that offer additional tokens.
Reasons for BSW’s Popularity
Minimal Fees & Rewards
Transactions incur low fees, with users able to earn a part of these fees back as rewards.
Voting Rights
Holders of BSW tokens have a voice in the operational aspects of Biswap.
Multi-Blockchain Compatibility
Biswap operates seamlessly across various platforms, widening its user base.
Support Fund for Projects
A total of $10 million is allocated to assist emerging crypto ventures.
Recent Developments with Binance
As a prominent crypto exchange, Binance announced its decision to cease support for BSW on July 4, 2025.
This means BSW will no longer be tradable on the platform.
However, users can still manage their BSW on Biswap and other decentralized exchanges.
A Positive Outlook
BSW Is Still Functional on DEXs
Biswap remains operational independent of Binance, ensuring continued trading opportunities for users.
Greater Community Focus
With reduced reliance on major exchanges, Biswap can prioritize user-driven developments.
Common Industry Practice
The removal of a token from leading exchanges might cause short-term price fluctuations, but strong projects often recover steadily.
It’s crucial to note that Biswap ($BSW) will be delisted from Binance on July 4, 2025, at 03:00 (UTC).
