Recently, I’ve been learning about BSW and found it to be a pretty interesting project on Binance Smart Chain. Are you curious about what BSW is? Actually, BSW, or Biswap, is a decentralized exchange launched in July 2021, designed with the goal of becoming the standard for DEX platforms.

What I like about Biswap is its lowest trading fee of just 0.1% and its system of three unique proposals. It differs from other DEXs in its comprehensive approach. Regarding the BSW token, it is the native token of the platform, initially issued at a price of $0.6421, with a total supply of up to 700 million tokens.

One cool feature is that Biswap Farms offer many farming opportunities. You can stake your LP tokens to earn BSW as rewards. When you add liquidity to a pool, you receive LP tokens. Every time a trade occurs, a 0.1% fee is charged, with 0.05% returned to liquidity providers as fee rewards. Additionally, you can stake LP tokens to earn more BSW from farms, meaning there are two income streams from the same liquidity.

What I find very interesting is Biswap’s token burn system. What is BSW that it has five deflation mechanisms? Rewards for accounts without referral links are used to burn BSW. Performance fees from auto-compound also burn tokens. Early withdrawal fees from pools do the same. Moreover, 50% of transaction fees are used to buy back BSW from the market and burn it. This mechanism helps maintain the token’s value stability and long-term sustainability.

In addition, Biswap has many other ways to burn tokens: 13% from purchased lottery tickets, 10% from NFT sales revenue, 10% from each NFT collection, 10% from early withdrawal fees from game balances, 1% marketplace commission used to buy and burn BSW, even 0.5% royalty from selling Biswap Robbies NFTs, and 1% from Squid NFTs. All these mechanisms aim to reduce circulation and increase token value.

What I find noteworthy is their $10 million global incentive program for BSC projects. Biswap has announced funding support for new or existing projects on Binance Smart Chain. They want to provide tools and support to help projects grow.

Any project on the BSC network can apply to participate. If accepted, you can receive up to 70% of swap fees back. Biswap also supports farming with BSW rewards, organizes launch pools to distribute tokens to over 100,000 holders, and promotes on social media channels with an audience of up to 422,000.

The best projects can also expect token listings and marketing support from strategic partners. Biswap hosts trading tournaments, offers development grants ranging from $10,000 to $30,000, audits up to $10,000, and lists projects as partners.

If you want to start with this program, it’s quite simple. Just add liquidity for your token on Biswap, ensuring your contribution exceeds 50% of the total current liquidity, then submit an application. Biswap will evaluate the project and contact you within 72 hours if you pass the initial step. Once accepted, they will share the cooperation plan.

There’s another way to earn from this program. If you discover promising projects on BSC and refer them to the Biswap global incentive program, you can receive rewards of up to $10,000. If the project you refer reaches the repayment stage, you have a chance to earn an additional reward of up to $10,000. So, what is BSW that it has such project support and referral mechanisms? It is a DEX platform striving to build a complete ecosystem on BSC.