After Binance’s announcement of the inclusion of the decentralized exchange token Biswap (BSW), the cryptocurrency had a rise of around 160%. According to the release, trades cleared for BSW/BNB, BSW/BUSD and BSW/USDT pairs. The token can be withdrawn since yesterday, Tuesday 22 of March, at 10:30 a.m.
Biswap is a decentralized exchange (DEX) for BEP-20 tokens on the BNB Smart Chain network (formerly BSC). Biswap is presented as a low-cost alternative, in addition to having a Dapp GameFi. According to DeX, part of Biswap’s revenue will be used to buy back and burn its governance token, BSW.
BSW is also the primary token for the play-to-earn game Squid NFT World. To participate in the game, a user must have a certain amount of BSW tokens staked in the BSW-BSW launchpools, which encourages more users to have BSW tokens and staked in the pools. “From the very beginning, several games will be available in the Main Game. There will be an entry point for each game in the form of Squid Energy and a minimum number of BSW staked in the Launchpool (Stake BSW – Earn BSW). The higher the entry point, the greater the potential rewards.” A certain percentage of each purchase on the Squid NFT World platform will be staked, thus adding another layer of staking mechanisms for the BSW token.
Besides, all users with projects on the BNB Chain can participate in Biswap’s US$10 million Global Incentive Program and become eligible for a wide variety of growth opportunities. “Biswap is happy to launch its Global Incentive Program for BNB Chain projects with a fund of 10 million US dollars. This program serves for the purpose of effective collaboration and support for upcoming and/or existing projects on the BNB Chain network.”According to CoinMarketCap, the price of Biswap at the moment of writing this article is US$0,824909 with a 24-hour trading volume of US$524.581.958. It is currently ranked number 283 in CoinMarketCap, with a live market cap of US$168.168.313. Biswap has a circulating supply of 203.862.752 BSW coins and a maximum supply of 700.000.000 BSW coins.
