Biswap (BSW)

Decentralized Exchange (DEX)

Biswap is a platform on the Binance Smart Chain (BSC) where users can swap BEP-20 tokens with very low transaction fees of 0.1%. It uses an automated market maker (AMM) model to enable smooth and fast token exchanges.

Yield Farming and Staking

Users can provide liquidity to pools and stake their liquidity provider (LP) tokens in farms to earn BSW tokens as rewards. Biswap also offers launchpools where users stake BSW to earn other tokens.

Referral Program

Biswap has a unique three-type referral system that rewards users for inviting friends. Users earn commissions from their friends' farming, swapping, launch pools, and lottery activities.

NFT Marketplace and NFT Staking

Biswap features an NFT marketplace where users can buy and sell NFTs. Users can also stake NFTs in special pools to earn rewards in BSW or other tokens.

IDO Launchpad

Blockchain projects can launch their tokens on Biswap’s Initial DEX Offering (IDO) platform, helping new projects gain liquidity and exposure.

Token Utility (BSW)

The BSW token is used to pay for transaction fees at a discounted rate, participate in governance by voting on proposals, and benefit from token burning mechanisms that reduce supply to potentially increase value over time.

Additional Features

• Transaction fee mining allows users to earn back a large portion of the fees paid.
• Weekly token burning reduces the total supply of BSW.
• Biswap offers a lottery where users can win BSW prizes.

These use cases make Biswap a versatile DeFi platform combining trading, earning, and community participation.

Pros

• Low trading fees starting at 0.1%, which is lower than many other decentralized exchanges.
• Supports swapping of over 97 cryptocurrencies on the Binance Smart Chain (BNB Chain).
• Offers a unique three-type referral program that rewards users for inviting others.
• Provides multiple earning opportunities like liquidity mining, yield farming, and staking.
• Has an NFT marketplace with features like NFT staking, launchpad, and boosts.
• User-friendly interface with fast transaction processing.
• Audited by Certik, a reputable crypto security firm.
• Offers cashback rewards up to 70% of exchange fees in BSW tokens.
• Continuous development and upgrades planned to improve the platform.

Cons

• Does not support fiat currency deposits or withdrawals.
• Team members are pseudonymous, with limited public information about them.
• NFT marketplace only supports NFTs on the BNB Chain, limiting access to popular collections on other chains.
• No educational resources on decentralized finance or crypto beyond basic platform documentation.
• Success depends heavily on the growth and adoption of the Biswap platform itself.
• No margin or leverage trading options available.

For more details, visit the official site: biswap.org

Founders and Team

Biswap was launched in 2021 by a team of 27 members who remain pseudonymous and are represented by comic avatars on the official site. The CEO is known as "EK," a crypto veteran with about seven years of experience. No specific real names of the founders are publicly disclosed.

Leadership

The team is experienced in their fields, but Biswap keeps the identities of its core founders and team members private, focusing instead on their collective work and innovation in decentralized finance (DeFi).

Investors in Biswap

• Binance Labs: Binance Labs, the venture capital and incubator arm of Binance, has made a strategic investment in Biswap. This highlights Binance's support for Biswap as an innovative project on the BNB Chain.
• Other Investors: Specific details about other individual or institutional investors in Biswap are not publicly disclosed or widely available.
• Community and Liquidity Providers: Biswap also incentivizes its users and liquidity providers through its token rewards and referral programs, which helps grow its investor base indirectly.

For more detailed or updated information, visiting Biswap’s official channels or investor relations pages is recommended.

Halal Status of Biswap

• Yes, Biswap is generally considered halal because it operates as a decentralized exchange (DEX) on the BNB Smart Chain without involving traditional interest (riba) or interest-bearing structures.
• The platform generates revenue through trading fees, NFT marketplace fees, and launchpad participation fees, which align with Islamic finance principles.
• Biswap’s token (BSW) is a utility and governance token used within the platform, and its mechanisms do not contradict halal investment guidelines based on current available reports.

For more detailed and personalized advice, consulting a qualified Islamic finance scholar is recommended.