For those who are somewhat confused, it is convenient to know the recent addition to the BINANCE Smart Chain of Biswap. A fully decentralized exchange that brings many news and opportunities to BSC users.
Biswap has started his adventure this June in a powerful way. He has established links with the Betfury casino to get the utility and promotion of his token.
If you are Betfury users, you will receive an Airdrop of 10 BSW tokens totally free, until the offer ends.
Next, we are going to comment on some of the advantages and disadvantages of this platform. Do not forget that enthusiasm and illusion can play tricks. There is a high risk of trading here. For this reason I have thought it appropriate to launch this post.
Advantages and disadvantages of Biswap Exchange
What has caught my attention the most is the reception that the platform has had. The publicity that Betfury has done for him and how well he has known how to move through Telegram has worked very well. Likewise, there are several youtubers that have given it coverage, myself included, which has notably benefited the health of the platform.
This event, it must be said, is due in part to the excellent referral program that they have implemented in their protocol. We will receive 5% of all the rewards that our guests reap. Both the Launchpool and the Farming. In the future, we will also be able to receive commissions from the Exchange. Every time they make a swap, a part will go directly to our wallet.
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The rewards are linked to our wallet but we will have to manually withdraw them to reach METAMASK or Trustwallet. In the video at the end I show you.
Currently, it is listed as the cheapest exchange in the Binance network. Only 0.5% of fees when exchanging our tokens. Best of all, is that every time we make a swap, they will give us a cashback in BSW tokens that we can claim instantly.
Now we get to the bad part.
- Say that the commissions will go up progressively until reaching 5% depending on the evolution of the platform.
- The price of BSW has done nothing but fall in value, it seems that it is holding, to see how long.
- There is very little liquidity, therefore to exchange BNB or BUSD it is ideal but for other tokens you do not have the possibility to do so.
- They are not yet audited by Certik, according to them, in progress. Typical old-fashioned trust-building marketing strategy that few will swallow.
- 40% of the BSW tokens are guarded in a Wallet, I imagine the owner's. It is nothing positive, as it has great power over the price.
Many tokens are issued per block, 30. Until September of this year, this issuance will not be reduced. We could see strong price declines in the coming days. However, the team will allocate the commissions we pay in the Exchange to buy back the token. Once a week there will be a burning of these tokens to reduce the offer.
Finally, say that it is a deflationary token, something interesting in the long term.
