Today I want to share about what BSW is — a pretty interesting token that many people might not know well. Biswap is a decentralized exchange platform (a decentralized trading platform) launched in July 2021, with its native token being BSW. At launch, the initial price was $0.6421 and the total supply was set at 700 million tokens.

What makes Biswap different is its ultra-low transaction fee — only 0.1%, the lowest in the DEX market at that time. So, what is BSW if not the core of a trading system designed to bring real value to users? When you provide liquidity, 0.05% of the trading fee is returned to liquidity providers as rewards. Additionally, you can stake LP tokens in farms to earn more BSW tokens.

The great thing about Biswap is its deflationary mechanism. I see they have about five different token burn mechanisms, including burning from referral-free rewards, performance fees, early withdrawal fees, and especially 50% of trading fees used to buy back BSW from the market and burn it. This helps maintain the token’s value and creates continuous deflationary pressure.

But what I find most impressive is Biswap’s global incentive program — a $10 million fund dedicated to projects on Binance Smart Chain. If you’re a project developer, what is BSW if not an opportunity to seek support? Projects can receive up to 70% of trading fees back, be listed on the platform, benefit from marketing to over 422,000 followers, and even get development grants ranging from $10,000 to $30,000.

The participation process is quite simple — add liquidity for your token (must constitute over 50% of the total current liquidity), submit an application, and if approved, Biswap will contact you within 72 hours. Interestingly, you can also refer other projects and earn rewards up to $10,000 if they are accepted.

Overall, what is BSW really? It’s essentially a token of a DEX with ambitions to become a standard in the industry, combining low fees, strong deflation mechanisms, and a fairly comprehensive project support ecosystem. It’s not just a trading token but part of a platform with a clear mission.