What is Biswap?
Founded by a pseudonymous 2021, Biswap is a decentralized exchange (DEX) that was created expressly to allow users to swap tokens created on the BNB network. On the DEX, you can buy, sell, and trade any token that adheres to the BEP-20 token standard.
Its feature set, however, does not end there. This is because, in addition to launchpool, users can engage in liquidity mining and yield farming. BSW is the official Biswap token, and it may be used in a variety of ways on the DEX.
A large number of BEP-20 tokens can be instantaneously traded. To do so, go to the Biswap website, choose the exchange tab on the left side of the screen, select your trading pair, enter the token amount you wish to swap, and click the swap button. After that, you'll be asked to sign and confirm the transaction, and your token will be promptly exchanged. Surprisingly, the BSW token can be used to pay up to 100% of the switching fees.
You can supply liquidity to any of the pools on the Biswap DEX, just like you do on other decentralized exchanges. You can do so by going to the Biswap website's 'liquidity' tab and clicking the 'add liquidity' button. You'll be given a liquidity provider token, which you may stake on Biswap farms to earn BSW, and you'll be able to choose which pool you want to provide liquidity to. You'll get a part of the trading fees generated by that pool in addition to BSW.
Staking BSW in relevant launchpools on Biswap allows users to earn extra BSW and other tokens through the Biswap interface. In this aspect, there are two distinct sorts of pools. There are two types of pools: auto-compounding and non-compounding, both with competitive interest rates. Aside from BSW, the launchpool also allows users to farm tokens such as LTC, DOGE, CAKE, and BUSD.
The quantity of tokens received is determined by how many tokens the user added to the pool and the total number of tokens in the pool. Because the pending prizes are calculated every three seconds, the user can harvest them at any moment.
Overall, Biswap is a fantastic decentralized exchange (DEX) designed exclusively for the BNB Chain, with the lowest trading costs among several decentralized exchanges. The three-type referral system is a great way for users to generate passive income, and the farms offer a high annual percentage yield, which is ideal for individuals searching for high-yield farming possibilities.
