BSW: What is this token and where is it used?
BSW from the Biswap exchange is one of the young and promising tokens in the cryptocurrency arena. How does the new cryptocurrency feel and where is it being used?
What is it
BSW is the proprietary token of the decentralized Biswap exchange. The exchange itself resembles the well-known Uniswap or PancakeSwap. And its token circulates in the Binance Smart Chain ecosystem and supports the BEP20 standard.
The exchange itself aims to be the first in many ways. Biswap is the first decentralized exchange (DEX) with 3-step verification. It also boasts a trading fee of 0.1% – the lowest in the entire crypto market, if the developers are to be believed.
Biswap offers all the usual functionality:
- token trading;
- Farming income;
- platform for investing in new coins;
- NFT;
- lotteries;
- and more.
- Biswap’s plans include, of course, further product development. One of the most anticipated is a lending service.
Where is it used?
BSW is used to settle and gain access to Biswap services. It is also possible to earn a coin by stacking or farming. An alternative solution – to participate in the referral program and also get some BSW. And, of course, do not forget that BSW can be used in trading.
Where to buy?
The first and most obvious solution is the Biswap exchange itself. But to buy BSW for real currency or one of the digital assets already some days offers Binance. Among the centralized exchanges also supporting BSW are Gate.io, Mandala and others.
Outlook
Biswap DEX has performed well since its launch in 2021 and continues to expand its business. This gives confidence in the future of its native token. The listing of the token by Binance – the largest centralized crypto trading platform in the world – also adds to the optimism. However, optimism in this case should be restrained – Binance tends to approve tokens of varying quality.
The market has had an ambiguous assessment of the listing so far: a giant candle was followed by a decline.
