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Cryptocurrencies/Coins/Biswap (BSW)
Biswap price, market cap on Coin360 heatmap

Biswap(BSW)

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$0.36912
(-0.19%)
0.00001532 BTC
Market Cap (Rank#256)
$100,983,638
4,192 BTC
Vol 24h
$103,376
4.290902 BTC
Circulating Supply
273,579,477
Max Supply
700,000,000
4 days agocryptodaily
How Will Gnox (GNOX) Affect Other 'Hold To Earn' Projects, Like Pancakeswap (CAKE) And Biswap (BSW)?

Competition is natural. Within the world of crypto, competition is even fiercer than in other asset classes because of the discreet nature of blockchains, with even protocols based on the same chains competing for liquidity from investors. New players constantly enter the fray, and the old contenders must defend their titles. Analysts are curious as to how Gnox (GNOX), a new type of reflection token coming to the BSC (Binance Smart Chain), will affect other Hold To Earn protocols in the ecosystem, such as PancakeSwap (CAKE) and Biswap (BSW). A Brief Overview of the ProtocolsGnox (GNOX) Gnox is simplifying the process of DeFi (decentralised finance) investment and making earning within DeFi easy. The developers at Gnox have designed a low-touch solution to a complicated problem. DeFi yields have alluded many ordinary crypto investors, and Gnox is bringing equality to the current paradigm. The protocol features the first treasury designed on behalf of the investor, funded via buy and sell taxes; this protocol leverages economy of scale to provide monthly stablecoin reflections for investors. PancakeSwap (CAKE)PancakeSwap is the seventh largest protocol within DeFi and the go to DEX (decentralised exchange) for investors who cannot afford the obscene Ethereum gas fees. Launched in 2020 by anonymous developers, it is one of the best places to earn and swap digital assets. CAKE is the native and reward token that is distributed to investors in return for providing liquidity. It trades at $3.86, and investors earning now on the platform are hoping to see CAKE tackle its prior peak of $44. Biswap (BSW)Biswap features the lowest trading fees of any BSC exchange and was the first DEX to introduce a referral programme meaning traders can earn when their friends make swaps. This marketing tactic was highly effective and saw an influx of users to the platform who remained after witnessing the swap efficiency. Biswap also features a great launchpad where investors can get early access to projects.BSW trades at $0.36, targeting its next level of critical resistance at $0.63.The Affect of Gnox (GNOX) upon PancakeSwap (CAKE) and Biswap (BSW)Gnox will undoubtedly draw more liquidity to the BSC ecosystem and has already been a target of whales who loves to utilise their existing assets to generate income. This influx of capital will help the ecosystem grow as an organic whole. The Gnox treasury may even use PancakeSwap to generate revenue for its investors, delivering liquidity to the platform and becoming a friendly protocol whale. Gnox’s mechanics show that this protocol is in it for the long haul, and therefore, the continuing succes of the other ecosystem giants is in its best interests. Liquidity is abundant in crypto; what is important is how much of this liquidity blockchains can attract. With Gnox increasing the overall value proposition of the BSC, its addition to the ecosystem will be a boon for both PancakeSwap (CAKE) and Biswap (BSW), helping the foundations grow and develop by drawing TVL from other chains and strengthening the entire ecosystem. Find Out More Here: Join Presale: https://presale.gnox.io/register Website: https://Gnox.io Telegram: https://t.me/gnoxfinancial Discord: https://discord.com/invite/mnWbweQRJB Twitter: https://twitter.com/gnox_io Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
140 days agocryptodaily
This DEX is a One-Stop-Shop for Everything you Need in Crypto
Entering the crypto market, although noticeably simpler than before now, may still seem complex to many new users. The first step to board the crypto train is finding an exchange that matches one's needs. While centralized exchanges (CEXs) like Binance, Kraken, and others presumably take the fame-cake owing to their popularity, decentralized exchanges (DEXs) have been emerging over the last few years to challenge incumbent CEXs. DEXs vs CEXs Centralized exchanges have a similar business model to traditional financial institutions like the New York Stock Exchange that operate on a middleman-based model. In contrast, DEXs radically modify how standard trading functions. DEXs are non-custodial, which means that they aim to allow users to hold their assets securely and evade some regulatory burdens associated with centralized trading. However, more often than not, DEXs are said to face the cost of compensating their liquidity providers for a special kind of risk called ‘impermanent loss.’ On the other hand, it is believed that CEXs generally offer more liquidity and stronger regulatory assurances, but newer, more competitive models of DEXs are aiming to bridge these gaps. Notably, DEXs are growing in popularity as a non-custodial way to trade assets without the need for a middleman. Data revealed that DEXs reported more than $1 trillion in trading volumes in 2021, which speaks about the increasing need for privacy, security, and convenience for users. Furthermore, DEXs aim to solve the underlying issues of liquidity and interoperability faced by traditional trading methods. Decentralized exchanges such as Fibswap also emphasize increasing adoption while providing ease and convenience to users. That said, while DEXs like Uniswap and PancakeSwap claim to tackle high transaction fees, they lack when it comes to interoperability. Over the years, blockchain interoperability has been a trending topic in the crypto and blockchain space. Notably, Ethereum’s network congestion and higher transaction fees have made other options to resurface. The dilemma users face about DEXs being interoperable and CEXs not being decentralized has bothered many participants in the space. Here’s where some platforms like Fibswap aim to make a difference. FibSwap Making a Difference Bringing the best of both worlds together, FibSwap, in a way, brings the pros of both DEXs and CEXs to one platform. FibSwap DEX, operating on the Binance Smart Chain (BSC), launched an Interoperable Multi-chain Bridge System (IMBS) DEX, in 2021, which allows users to swap tokens from one chain to another. Apart from having lower transaction fees than DEXs built on Ethereum, FibSwap also targets issues of cross-chain operability in a relatively efficient way. The company has introduced a simple few click solution for users to save time and effort spent on moving and swapping tokens from the Ethereum network to the BSC network along with 5 other blockchains. In addition, FibSwap is designed to make swapping tokens from different chains as easy as exchanging tokens on single-chain DEXs, such as Uniswap and PancakeSwap. With accessibility being a significant problem in the current crypto landscape, FibSwap aims to help users evade the complexities of both centralized and decentralized exchanges. In efforts to do the same, the platform also launched ‘the world’s first Android DEX application’ on android and IOS two months ago. Filling the gaps and solving an industry-wide problem, FibSwap’s interface aims to be user-friendly and convenient. Separating users from sophisticated onboarding steps, DEXs like FibSwap could address the issues users face with DEXs, thereby changing the face of trading on DEXs in the near future. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
196 days agocryptodaily
CEX vs. DEX: How to Choose The Right Trading Platform
The decentralized finance (DeFi) market has experienced a huge growth over the last year. With the tremendous growth in cryptocurrencies and decentralized finance, it is only natural to wonder about the best tools in the space for optimum profits. One of the biggest questions that troubles newcomers is to choose a decentralized exchange or a centralized exchange. While both DEXs and CEXs have their own set of merits, it is obvious that decentralized exchanges resonate with the ideology of decentralized finance more accurately. The biggest difference between the two types of exchanges is that DEXs distribute control of users' assets back to the users while CEXs take control of user assets and store them in their digital or physical storage. However, the good news is, FibSwap is combining the best of centralized and decentralized exchanges to simplify the process of trading and offer a versatile platform packed with features. DEXs vs. CEXs Cryptocurrency exchanges are platforms that allow traders to buy, sell and exchange cryptocurrencies against fiat or other cryptocurrencies. Centralized exchanges such as Binance or Coinbase are a few popular centralized exchanges used by millions of users because of their simplicity and convenience. Decentralized exchanges, on the other hand, are new types of exchanges that use advanced algorithms and smart contracts to facilitate trades. Decentralized exchanges are considered to have an edge over centralized exchanges as they are non-custodial and let the users be the only ones with access to their private keys. Private keys are encryption codes used to unlock a wallet and access assets. By allowing the user to retain their private keys, DEXs offer an advanced level of security that CEXs compensate for by offering simplicity and ease of use. However, as the cryptocurrency ecosystem grows, the need for a robust platform that combines the best features of DEXs and CEXs in a single place is evident. Projects such as FibSwap are fulfilling this need by offering a powerful DEX that allows users to retain control over their assets while integrating the simplicity and convenience of CEXs. FibSwap - a Multi-chain Decentralized Exchange FibSwap is a multi-chain decentralized exchange that allows users to swap tokens from one chain to tokens of another chain with a single click of a button. FibSwap utilizes an advanced Interoperable Multi-Chain Bridge System (IMBS) to develop an easy-to-use, quick, and low-cost decentralized exchange. The project aims to become the go-to solution for all crypto swapping needs and currently offers support for Ethereum- based and BSC tokens, with more chains to be added in the future. FibSwap has combined the best utility of centralized exchanges with decentralized exchanges to create a unique and robust DEX.To learn more about FibSwap, visit Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
245 days agocryptopotato
FibSwap: Why Deflationary Token Models are Crucial to the Value of a Crypto Project
Any investor with a bit of experience in the market knows the importance of tokenomics when evaluating projects. Factors such as distribution, total supply, and circulating supply play a significant role in determining the potential value of a crypto project and its token and must be taken into serious consideration. This is why it is […]
281 day agocryptodaily
Token Burning: How It can be used for Long-Term Growth
The cryptocurrency industry is one that is constantly evolving. One of the latest trends in the cryptosphere, is ‘token burning’. Simply put, this creates a decrease in supply, which then increases the price of a token. Recently, Ethereum began the process of buying back tokens, and burning them. This act of burning tokens has become increasingly seen as the norm in many new crypto projects, with pre-set dates established for this to happen. So, what exactly is token burning, and what are its long-term growth benefits for the token and investors? What is Token Burning? The term ‘token burning’ refers to the process of intentionally making tokens unusable. To do this, the development team sends the coins to a wallet address, in which no one holds the private key to, where the ‘burning’ takes place. The activity is recorded on the blockchain for transparency so that everyone can see that the burning took place. The tokens to be burned could be either unallocated tokens, or those stored in treasury or team wallets. To better better understand this process, let’s look at the recent example of FibSwap’s token burning which took place in July. During the event, the exchange burnt 500 million of its unissued Fibo tokens as a deflationary mechanism. At the end of the burning, the total supply of Fibo tokens was reduced from 10 billion to 9.5 billion. During the process of burning, the exchange sent the signatures of the 500 million tokens to a black hole address. The black hole address is a public wallet that everyone can view on the blockchain but no one can retrieve the contents of the wallet - this is done for transparency purposes. For context, the transaction Ids for FibSwap’s token burn are listed below. Transaction ID 1: https://bscscan.com/tx/0xda0515648ca7383941f34b90f51a5184661cd08043ebd0630063924e37d8bfd5 Transaction ID 2: https://bscscan.com/tx/0x46fac22b79a83ce623c644866e4c043442333ca04cb90e10f3c3be9c587c5e22 Token burning is an important differentiator in cryptocurrency. It sets apart larger blockchains, such as Bitcoin, from altcoins and tokens, where the practice of token burning is rarely used. Instead, altcoins and smaller tokens are frequently burned to control supply, thus providing significant incentives to investors to hold on to their tokens. Long Term Growth Benefits of Token Burning It all comes down to supply and demand, burning tokens systematically reduces the supply. If demand remains constant or increases, the price will naturally rise. When projects burn tokens, they do so in the hope that the value of the token will rise over time. For example, on the 26th of July, FibSwap announced that they would be conducting their first-ever token burn. After the process, the price of the Fibo token quickly jumped by 164% after the announcement was made. In the short term, the Fibo token that was previously selling at $0.0012 saw a sharp increase in price to about $0.0102 as of August 2021. Being a new phenomenon in tokenomics, the effects of burning on the market is not fully understood. However, experts say continuous burning can help maintain a coin's value in the short run while increasing its value over time. Using the Fibo example again, between July and October 2021, burning has helped the Fibo token's price remain stable, ranging between 0.004and 0.01 USD. Whilst the effects of token burning have an impact on the price of tokens, most trading platforms have used the activity to develop more use cases for their tokens. This means more benefits for the token holders, such as the ability to pay using the token or early access to some promising IEOs. Besides the incentives for investors, there are additional benefits to token burns. Token burning adds an extra layer of security to exchanges and acts as an anti-spam mechanism that protects against a Distributed Denial of Service (DDOS) — a type of human-backed virus attack. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice

About Biswap

The live price of Biswap (BSW) today is 0.36912 USD, and with the current circulating supply of Biswap at 273,579,477 BSW, its market capitalization stands at 100,983,638 USD. In the last 24 hours BSW price has moved 0.000244 USD or 0.00% while 190,671 USD worth of BSW has been traded on various exchanges. The current valuation of BSW puts it at #256 in cryptocurrency rankings based on market capitalization.

Learn more about the Biswap blockchain network and how it works or follow the price of its native cryptocurrency BSW and the broader market with our unique COIN360 cryptocurrency heatmap.

Biswap Price0.36912 USD
Market Rank#256
Market Cap100,983,638 USD
24h Volume103,376 USD
Circulating Supply273,579,477 BSW
Max Supply700,000,000 BSW
Yesterday's Market Cap100,100,056 USD
Yesterday's Open / Close0.365646 USD / 0.36589 USD
Yesterday's High / Low0.376317 USD / 0.364516 USD
Yesterday's Change
0.00% ( 0.000244 USD )
Yesterday's Volume190,670.95 USD
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