Get to know Biswap, BSW Token, and how it works

Bittime – Biswap is a decentralized exchange (DEX) platform that allows users to swap BEP-20 tokens on the Binance Smart Chain (BSC) network. Known as the first DEX on BNB Chain, Biswap offers various superior features not found on other platforms. One of its superior features is a three-type referral system and very low transaction fees, namely only 0.1% per transaction.

Advantages of Biswap

Biswap stands out among other DeFi platforms on BNB Chain with several key features that benefit users:

1. Low Transaction Fees: With a fee of only 0.1% per swap, Biswap offers lower fees than other DEX platforms such as PancakeSwap and ApeSwap.

2. Referral Program: Biswap has a three-type referral program that allows users to invite friends and earn commissions from various activities such as farming, launch pools, and transactions.

3. Liquidity Mining and Yield Farming: Users can participate in liquidity mining and yield farming to earn rewards in the form of BSW tokens.

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BSW Token and Its Functions

The BSW token is the native token of the Biswap platform used to provide incentives to users and liquidity providers. This token has several main functions:

1. Staking: Users can stake BSW in the launch pool to earn other tokens.

2. Yield Farming: BSW tokens can be used in yield farming to produce more BSW tokens.

3. Transaction Fee Reduction: By holding BSW, users can enjoy lower transaction fees.

BSW Deflation Mechanism

Biswap implements several deflationary mechanisms to reduce the supply of BSW tokens, including:

• Buyback and Burn: A portion of the transaction fees is used to buy back BSW tokens from the market and then burn them.

• Burning Referral Gift: All rewards from accounts without referrers are used for burning BSW tokens.

• Staking Pool Performance Fees: A portion of the staking pool performance fee is used for token burning.

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Biswap Additional Features

Biswap not only offers exchange and staking services, but also some interesting additional features:

• NFT Market: Users can buy and sell NFTs using several cryptocurrencies such as BNB, BUSD, and USDT. Biswap also offers unique NFTs that can be staked to earn rewards.

• Lottery Biswap: Users can buy lottery tickets and have the chance to win big prizes in the form of BSW tokens.

• IDO Launchpad: Biswap provides a platform for new blockchain projects to launch their tokens to the public.

Biswap Provides a Level of Security and Trust

Biswap uses a Proof-of-Stake (PoS) consensus mechanism to secure the network and has been audited by Certik, a leading audit firm in the DeFi world. With over 350 million dollars in total value locked (TVL), Biswap provides a high level of security and trust to its users.

Conclusion

Biswap is a decentralized exchange platform that offers low transaction fees, a variety of innovative features, and attractive passive income opportunities. With a profitable referral program, a powerful deflation mechanism, and a variety of additional services such as NFT markets and lotteries, Biswap continues to attract interest from the DeFi community. This platform is suitable for anyone who wants to get involved in the BNB Chain ecosystem and is looking for opportunities to optimize earnings from their crypto assets.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.