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What is Biswap (BSW)?
Quick Facts
- Token: BSW (BEP-20) on BNB Smart Chain
- Launched: 2021
- Type: Decentralized Exchange (DEX) with AMM
- Trading Fee: 0.1% per swap — among the lowest on BNB Chain
- Core Products: DEX, yield farming, staking, NFT marketplace
- Audited by: CertiK
- Governance: BSW holders vote on platform proposals
Introduction
Biswap is a decentralized exchange (DEX) built on the BNB Smart Chain, designed for swapping BEP-20 tokens with minimal fees. It positions itself as a full-featured DeFi ecosystem, combining token trading, liquidity provisioning, yield farming, staking, and an NFT marketplace under one platform.
BSW is the platform's native utility and governance token, used to reward users, pay incentives, and participate in platform decision-making.
History & Background
Biswap launched in 2021 as one of the first decentralized trading platforms on BNB Chain. Shortly after launch, it received the Binance 'Most Valuable Builder II' (MVBII) award and was recognized among the top exchanges in the program.
The project later expanded its product suite with Biswap V3, perpetual trading, cross-chain bridging, and liquid staking — steadily growing from a simple AMM into a broader DeFi hub.
How Biswap Works
Biswap uses an Automated Market Maker (AMM) model, where liquidity providers deposit token pairs into pools. Traders swap against these pools and pay a flat 0.1% fee — lower than most competing BSC DEXs.
Of that fee, 0.05% goes to liquidity providers and 0.05% is used to burn BSW tokens, creating a built-in deflationary pressure. Users can also earn BSW rewards through transaction fee mining, receiving back a portion of their swap fees depending on the trading pair.
A unique three-type referral system allows users to earn commissions from farms, launch pools, swaps, and a lottery when they invite others to the platform.
Tokenomics
BSW serves as the backbone of the Biswap ecosystem. It is distributed across farming rewards, liquidity incentives, NFT and GameFi initiatives, strategic partnerships, and transaction fee mining programs.
The platform applies several deflationary mechanisms: burning a share of trading fees, a portion of lottery ticket sales, NFT mint revenues, and marketplace sales. Primary token emission programs have been wound down, shifting the focus toward sustainable utility and burn-driven scarcity.
|
Circulating supply
| 597.62 million BSW |
|---|---|
| |
|
Total supply
| 700.00 million BSW |
|
Max supply
| -- BSW |
Ecosystem & Use Cases
BSW is used across the entire Biswap platform:
- Yield Farming: Provide liquidity and earn BSW rewards
- Staking: Lock BSW in pools to earn additional tokens
- NFT Marketplace: Buy, sell, and stake Biswap NFTs for high APR returns
- Governance: Vote on platform proposals and protocol changes
- Referral Earnings: Earn commissions by inviting other users
- IDO Launchpad: Access early-stage token offerings
Biswap also introduced a $10 million global incentive program to attract new projects to the BNB Chain ecosystem, offering fee reimbursements, farming pairs, and development grants.
Team, Governance & Community
The Biswap team lists members publicly on its website. BSW holders participate in governance by voting on platform decisions, giving the community a direct role in the protocol's direction.
Biswap maintains an active community across Telegram, Twitter, and other social channels, with a substantial base of token holders engaging with platform updates and ecosystem announcements.
Advantages
- Low fees: 0.1% swap fee, among the lowest on BNB Chain
- CertiK-audited: Smart contracts independently reviewed for security
- Multi-type referral program: Passive income opportunities for users
- Diverse product suite: DEX, staking, farming, NFTs, launchpad, and more
- Deflationary design: Multiple burn mechanisms reduce token supply over time
Risks & Challenges
- Intense competition: Faces strong rivals like PancakeSwap on BNB Chain
- CEX delistings: Removal from centralized exchanges has reduced liquidity access
- Governance participation: Low voter turnout can weaken decentralization claims
- Smart contract risk: As with all DeFi protocols, bugs or exploits remain a risk
- Market volatility: BSW token price is subject to broad crypto market swings
Long-Term Vision
Biswap aims to become the benchmark DEX platform on BNB Chain, continually expanding its product offerings across trading, NFTs, GameFi, and multi-chain integrations. The project is pursuing greater decentralization and on-chain governance, with an ambition to set new standards for low-cost, accessible DeFi services on BNB Smart Chain.
Frequently Asked Questions
- What is Biswap?
Biswap is a decentralized exchange (DEX) built on BNB Smart Chain that allows users to swap BEP-20 tokens, provide liquidity, farm yields, and stake tokens. BSW is its native utility and governance token.
- What makes Biswap different from other DEXs on BNB Chain?
Biswap charges a 0.1% trading fee, which is lower than most BSC DEXs like PancakeSwap. It also features a three-type referral system that lets users earn commissions from multiple platform activities.
- How does the BSW token earn value?
BSW is used for governance voting, staking rewards, yield farming incentives, and transaction fee mining. Multiple burn mechanisms reduce supply over time, which can add deflationary pressure.
- Is Biswap safe to use?
Biswap has been audited by CertiK, a leading blockchain security firm. It also runs a bug bounty program. As with all DeFi platforms, users should be aware of smart contract and market risks.
- What is transaction fee mining on Biswap?
Transaction fee mining means users receive back a portion of their swap fee in BSW tokens, depending on the trading pair. Users can receive up to 90% of the 0.1% fee they paid.
- What is the Biswap referral program?
Biswap operates a three-type referral system where users can earn commissions by inviting friends. Referral rewards come from farms, launch pools, swaps, and a lottery.
- Does Biswap have an NFT marketplace?
Yes. Biswap has its own NFT marketplace where users can buy and sell digital collectibles. Users can also stake Biswap NFTs in dedicated staking pools to earn rewards in BSW and other tokens.
- On which blockchain does Biswap operate?
Biswap is primarily deployed on BNB Smart Chain as a BEP-20 token. Additional contract addresses exist for EVM-compatible chains including Ethereum, Arbitrum, and Base.