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There is one good thing about bear markets like the current one. You can get crypto, especially altcoins, at discount prices. If you pick the right altcoins now, you will profit during the next bull run.
One of these tokens that are currently being undervalued could be the Biswap token. Let's check out the potential of $BSW. Is it worth an investment?
The Native Token Of Biswap DEX
$BSW is the native token of the Biswap. Biswap is a popular and innovative DEX running on the BNB Chain. Biswap is known for the lowest trading fees in the DeFi space of only 0,2%.
Meanwhile, Biswap has become much more than just a simple DEX as it provides various earning opportunities for its users. Some of these features like The New Crypto Multi-Reward Pool are quite unique and make Biswap stand out from its competitors.
Biswap already has a vivid community and a huge user base that supports the Biswap ecosystem. Currently, $BSW is located on market cap rank #292 with a total market capitalization of around $88,000,000
$BSW Features And Use Cases
The features and use cases are crucial when it comes to evaluating the potential of a token. Let's check out the use cases of the Biswap Token.
Fee Return
You can receive up to 50% back from your trading fees every time you perform a swap on Biswap. This cashback is paid out in $BSW tokens
Referral Commission
Biswap is running a referral program. You can earn up to 20% from your friend's trading fees and 5% from their Farms and Launchpool earnings. At the same time, you can also let your friends benefit when they use your invitation link and create a real win-win situation. The referral commission fee is paid in $BSW.
Launchpool
One of the most popular use cases of the Biswap token are the lucrative Launchpools. You need to have $BSW tokens if you want to profit from the Launchpool. You need to stake your $BSW tokens in the Launchpools to earn more $BSW and even other tokens at a high APY.
Providing Liquidity
You can earn 75% from every transaction fee accruing on the platform when you add your $BSW tokens to the Liquidity Pools on Biswap.
Biswap Farms
Then you can stake your Liquidity Provider tokens in the Biswap Farms and earn a high APY paid out in $BSW tokens in return.
Governance
$BSW also has a governance function. As a holder of $BSW, you can participate in Biswap votings on strategic decisions in the future development of the DEX.
I-Gaming On BetFury
Finally, $BSW is integrated into the i-gaming platform BetFury. You can play your favorite games on BetFury and use the mighty $BSW token.
$BSW Tokenomics
When it comes to evaluating the potential of a token, it is also important to look at the token metrics and the initial token distribution.
$BSW has a maximum token supply of 700,00,00 and a total supply of around 385,000,000 tokens. The total supply is permanently decreasing because of a weekly token-burning mechanism. The weekly $BSW token burns should lead to an increasing value of the $BSW token in the long term. So far, already 40,119,222 tokens had been burned. You can view the burning history
The tokens that are being burned every week are coming from three different sources:
- 50% of every transaction fee on Biswap is used to purchase §BSW tokens from the market. These tokens get burned.
- Also, all rewards that come from user accounts with no referrer are included in the weekly $BSW token burns.
- The performance fee of 1,99% from each harvest in the $BSW Auto Compound Pool is also included in the weekly token burns.
Initially, 700 million tokens had been issued from which 100 million were allocated to transaction fee mining. Then the biggest allocation of tokens is for the farm and Launchpools on the DEX.
Trading $BSW
You may have already guessed it. The best place to buy, sell, and trade $BSW is Biswap DEX itself. Here you can enjoy high liquidity and the lowest trading fee in the DeFi space of 0,2%.
Alternatively, you can trade $BSW on big centralized exchanges like . On BINANCE is even a special $BSW promo going on right now. $BSW had been added to the locked earn products on Binance. Depending on your chosen locking period, you can earn up to 48,9%.
My Final Words And Price Prediction
Biswap has quickly become a leading platform on the BNB Chain. Its native token $BSW comes with several use cases and some of them are quite unique. The number of use cases has grown over time and it can be expected that there are more uses case for BSW to come.
Right now during this bear market, many tokens are at discount and $BSW is one of them. it is currently undervalued and can easily get back to its previous all-time high during the next bull market. According to data from coinmarketcapCoinGecko, this means at least $2!
By the way, the mighty $BSW is also used for community incentives and promotions. That's why it is beneficial to follow Biswap across its various social media channels and communities. Biswap announces frequently new profitable promotions and innovative new features. By following Biswap, you can make sure not to miss any of these additional opportunities to earn the mighty $BSW token like the Biswap sharing season on Twitter
At the end of my post, I also like to remind you that my intention of this post is to raise your awareness of Biswap and its native token $BSW. My intention is not to replace your own research. Please also note that I will submit this article to the Biswap Space Agents Program. However, let me ensure you that this article really reflects my own opinion. I am also holding $BSW tokens myself.
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