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Biswap tries to establish itself as yet another exchange platform on a quickly saturating market. They try to conquer their niche through some mouthwatering offers in hopes to rope in enough users to make the platform liquid enough to run. Frankly, the offers are good and their thinking is bold and in some aspects innovative, which may actually give them the little bit of tailwind they need to succeed in their endeavor:
- First of all, they boast the lowest transaction fee anywhere to be found with only 0,01% inquired fee per transaction made
- Their farms and pools boast very high APY and APR, in some cases way above 1000%. This will surely change with time and market saturation, but are a good incentive right now.
- They have an imminent audit to come by Certik. Once this proves their legitimacy, the augmented trust could push the Token up in the prices.
- Token Burning. Nothing new and definitely not as much as competitors. 0.05% (half of trading fee) is burned on each swap made on Biswap.
- And last but not least, their marketing greatly revolves around affiliate marketing with an interesting tweak to it. Referrers get a 5% of the amount won by Farms and Launchpools or from the swaps made by the referred friend (ADDITIONALLY. No extra cost for the referred). But not only the referrer profits. The referrer can then again decide to share some of his earnings from the referral back to the referred.
If you are interested in the token and want to give it a try, you may use my referral to Biswap.
JOIN HERE
But Let's Flip This Coin, Shall We?
Biswap is still super young. The coin and platform started their activity on 25th of May. They are literally just 2 weeks into the race and have a hell of a bumpy road ahead of them. It is expected that the cycle will go like with every young token in the beginning. A sky high rise with a sudden dump as soon as the early invested whales decide to take out the millions they made in the short amount of time. This pattern can be seen everywhere, so me mentioning this seems rather unnecessary, but there are people who again and again over invest in new coins because they get hyped too easily. I would always wait for it to rise and buy once it has fallen and is at it's lowest. Good news is that it stands very low right now and chances for it to go even lower seem unlikely, though not impossible. I've taken a snap from PooCoin for you to paint the picture yourself. I am merely posting for entertainments sake and not for financial advice. Always research by yourself and don't let the hype burn you.
My Refeffal: https://biswap.org/?ref=1df691796782954d7363
Never forget that there are many IFs to be fulfilled before Biswap (BSW) can launch it's rocket to the moon. But other exchanges have proven that high APY's are almost guaranteed to pull in holders and crypto enthusiasts that want to take the risk in turn for high returns. Nonetheless it should be said that this is a very very risky investment and could financially ruin you.
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Disclaimer
Please don't take anything you read on this blog as financial advice. I'm not a financial advisor and collect information for educational sake and entertainment purposes only. Do your own research before you risk your money in anything. Be wise, think twice.
Affiliate links have been posted in this Blog post that will bring me a profit under fulfillment conditions.
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Also leave in the comments below your thoughts about this new exchange. ??
