Biswap is the first decentralised exchange and automated market maker on the Binance Smart Chain blockchain. Launched in July 2021, this DEX offers swaps for BEP-20 standard tokens and guarantees quick and cheap transactions, which can get as low as 0.1%. In addition, Biswap has an NFT marketplace supporting four crypto tokens, including the Biswap token. Biswap’s NFT marketplace enables fixed price sales for NFTs and helps sellers conduct and manage NFT auctions.
Biswap token or BSW is the utility and governance token of the Biswap DEX. This DEX uses a 3-type referral system to incentivise new users to the platform. By inviting others, users can earn commission rewards every time the invitee swaps their BEP-20 assets, like the Biswap token. Also, the inviter earns 5% of invitees' income in Biswap’s farms and launchpools.
At the time of writing, on May 29, 2022, the Biswap token had a daily trading volume of $12 million, and the Biswap DEX had a total value locked of $433 million. Biswap token’s market cap is $158 million, giving it the #214th rank in market cap rankings. BSW Token has a liquidity score of 52%, meaning it might be a challenging sell during a bear market, but it shouldn’t be too hard either. Biswap token has a circulating supply of 260 million, which means 37% of its maximum supply (700 million) is in circulation. This Token currently has a total supply of 305 million.
Biswap has a weekly BSW burning schedule meant to maintain and increase the price of the Biswap token in the long run, hence the current total supply of 305 million. The burning mechanisms are as follows:
Disclaimer: Don't take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
Biswap token’s price as of today is $0.6, which is down by 73.6% from its all-time high on December 8, 2021. This token’s current price is 98.5% higher than its all-time low of $0.2 on Oct 12, 2021. BSW token’s monthly ROI is -58%, meaning if you invested $100 in BSW a month ago, you would have $42 by now.
Crypto experts predict that the Biswap token will be traded at an average price of $0.70 throughout 2022. At its minimum, it can reach $0.68, and at its maximum, it can be traded at $0.76.
The average price of a Biswap token is estimated to be $1.03 in 2023. It can reach a minimum of $1 and a maximum of $1.21.
In 2024. the price of the Biswap token is predicted to reach a maximum of $1.73. The price of each BSW token may hit a low level of $1.45, with an average trading price of $1.49.
Biswap token’s average price in 2025 is estimated to be $2.13. The maximum price could be $2.47, and it can hit a minimum of $2.07.
Biswap token’s popularity throughout the past six months has gone up by 35% on Twitter, where the Binance service and ecosystem, in general, is most active. However, Biswap has seen a downward trend on Telegram, and its Telegram members have decreased by 25% in the past six months.
Generally speaking, most DEX tokens aren’t good “investments”, but they are more of a passive income opportunity. Currently, it’s impossible to calculate yearly ROI for Biswap token, but according to the price charts at Cryptologi.st, it has had a few peaks and got close to $2, but then returned to under $1. According to our analyses and charts, BSW is not suitable for long-term investments, so you should plan your strategy accordingly or check other cryptocurrencies in similar categories. Always remember to DYOR before making any investment decisions. At Cryptologi.st, we offer various articles for you to DYOR without spending hours just to find a little piece of information. Use our free screener and put the Biswap token on your watchlist to organise your strategies and make the best investment decisions.
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