Biswap (BSW)

Trading and Swapping

Biswap is a decentralized exchange (DEX) on multiple blockchains like BNB Smart Chain, Ethereum, Base, and Arbitrum. It allows users to buy, sell, and swap BEP-20 tokens with very low fees (0.1%), making trading cheaper and faster.

Liquidity and Yield Farming

Users can provide liquidity to pools and earn rewards in BSW tokens. They can stake their liquidity provider (LP) tokens in farms to get extra rewards, with features like auto-compounding to increase earnings.

Staking and Launchpools

BSW token holders can stake their tokens in launchpools to earn other tokens. There is also a BSW Investment Pool where users lock BSW tokens to receive diverse rewards and help reduce the circulating supply.

Governance

BSW holders can participate in the platform’s governance by voting on proposals, influencing the future development of Biswap.

NFT Marketplace and NFT Earn

Biswap offers an NFT marketplace where users can buy and sell NFTs using cryptocurrencies like BNB, USDT, BUSD, and WBNB. Users can also stake NFTs to earn rewards in BSW or other tokens.

IDO Launchpad

New blockchain projects can launch their tokens on Biswap’s Initial DEX Offering (IDO) launchpad, helping them raise funds and gain exposure.

Referral Program and Incentives

Biswap has a referral system that rewards users for inviting others. It also runs a global incentive program to support projects and users with fee reimbursements and rewards.

Cross-Chain Trading

Biswap supports cross-chain bridges, allowing users to swap assets across different blockchain networks easily.

Advanced Trading Features

Biswap V3 offers concentrated liquidity, customizable fee ranges, and limit orders, improving capital efficiency and increasing rewards for liquidity providers.

Pros

• Biswap offers very low trading fees starting from 0.1%, which is lower than many other decentralized exchanges.
• It supports swapping over 97 cryptocurrencies, including popular ones like BNB and USDT.
• The platform has a user-friendly interface that makes swapping easy for beginners and experienced users alike.
• Biswap features a multi-type referral program that rewards users for inviting others.
• It provides various earning opportunities such as liquidity pools, yield farming, and staking with multi-reward options.
• Biswap includes a unique NFT marketplace where users can buy and sell NFTs using four cryptocurrencies (BNB, USDT, BUSD, WBNB).
• The platform has a lottery system where users can win BSW token prizes.
• Biswap is decentralized, meaning it does not take custody of user funds, which appeals to users who prefer trustless systems.
• It has been audited by Certik, a reputable crypto security auditor.
• The team behind Biswap has experience in crypto, and the platform has won awards like Binance’s Most Valuable Builder II.

Cons

• Biswap does not support fiat currency deposits or withdrawals, so users must use cryptocurrencies only.
• The NFT marketplace is limited to NFTs on the BNB chain and does not include some popular collections like Mutant Ape Yacht Club.
• Some users have expressed concerns about security, which is common with decentralized exchanges.
• The Biswap team is pseudonymous, with members shown as comic avatars, which may affect trust for some users.
• There is no margin or leverage trading available on Biswap.
• The platform does not offer educational resources on decentralized finance or cryptocurrencies beyond basic documentation.
• Biswap’s success depends heavily on the growth and adoption of its own ecosystem and native token BSW.

This summary highlights the main advantages and disadvantages of Biswap to help users understand what the platform offers.

Founders

Biswap was founded by Rahul Sood and Rohit Shetty.

Team and Leadership

The Biswap team consists of 27 members who use pseudonyms and are shown as comic avatars on the website. The CEO is known as "EK," a crypto veteran with seven years of experience. The team members have experience in their fields, but no detailed personal information is provided.

Investors

Biswap's known investor is Binance Labs, the venture capital and incubator arm of Binance. Binance Labs made a strategic investment in Biswap, recognizing it as an innovative project on the BNB Chain. No other specific investors have been publicly disclosed.

Team and Leadership

Biswap was launched in 2021 by a team of 27 members represented by comic avatars. The CEO, known as "EK," is a crypto veteran with seven years of experience. The team members have experience in their fields, but no detailed information about other investors is provided.

Funding Rounds

Biswap's latest funding round is Seed VC, with Binance Labs as a key investor. Further detailed investor history is not publicly available.

Halal Status of Biswap

Biswap is considered halal because it is a decentralized exchange (DEX) protocol with a native utility and governance token (BSW) that serves practical functions within the platform. It operates transparently on the Binance Smart Chain, facilitating peer-to-peer transactions without involving interest (riba) or prohibited activities. This aligns with Islamic finance principles that emphasize transparency, immediate exchange, and avoidance of interest.