Biswap

Halal Rating :
Questionable
Last Price $0.04 Last updated:
Rank 814
1D Change -2.80 %
Market Cap $22.0m
Circulating supply 544,496,508
Maximum supply 700,000,000

Crypto Overview

Categories
  • Collectibles & NFTs
  • Decentralized Exchange (DEX) Token
  • DeFi
  • Gaming
  • Staking
  • Yield Farming
  • AMM
  • DEX
  • Metaverse
  • Play To Earn
  • BNB Chain Ecosystem

Overview

Biswap is a decentralized exchange (DEX) built on the BNB Chain (formerly Binance Smart Chain). The BSW token serves as the platform's native token, enabling governance participation, fee reductions, and staking rewards within the Biswap ecosystem.

Purpose and Utility

The BSW token has several core utilities: governance rights for protocol decisions, trading fee discounts on the Biswap DEX, staking rewards, and participation in the platform's launchpad. Users can also earn BSW tokens by providing liquidity to trading pairs on the exchange.

Business Model Evaluation

Biswap operates as a decentralized exchange platform, generating revenue through trading fees. The platform implements a three-type referral system and offers multi-token staking pools. While the core exchange functionality aligns with halal principles as it facilitates actual asset exchange, some aspects of their staking and farming protocols may raise concerns as they resemble interest-bearing mechanisms.

Real-World Adoption

The platform maintains active trading volumes and user engagement on the BNB Chain. As of 2024, Biswap has established itself as one of the prominent DEXs on BNB Chain, with substantial daily trading volume and active users.

Development Activity

The project demonstrates ongoing development activity with regular updates to its protocol and interface. The team maintains active communication through social media and community channels, regularly implementing new features and security improvements.

Token Distribution

The BSW token has a maximum supply of 700 million tokens. The distribution includes allocations for the ecosystem fund, team members, advisors, and public sale participants. The team's tokens are subject to a vesting schedule to prevent immediate selling pressure.

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