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Highlights
- The BSW crypto is Biswap's governance token, and it has a maximum supply of 700 million.
- On March 31, Biswap (BSW) announced its collaboration with Oddiyana Ventures on Twitter.
- According to CoinMarketCap data, the BSW crypto's market cap rank is 298.
The price of Biswap (BSW) crypto surged 30 per cent to US$ 0.8193 in the last 24 hours. At the time of drafting this article, the one-day volume of the BSW crypto skyrocketed around 570 per cent to US$ 278.6 million.
On Friday morning, April 1, the cryptocurrency market was down, and its market cap had declined 4.6 per cent over the last previous day to US$ 2.05 trillion.
Meanwhile, the total crypto market volume increased about 20 per cent to US$ 136.57 billion. The world's two major cryptocurrencies- Bitcoin and ETH, declined rapidly by 5 per cent and 4.2 per cent, respectively.
What is Biswap (BSW)?
It is a decentralized exchange (DEX) on the Binance Smart Chain (BSC) for BEP-20 tokens. Biswap claims to offer the lowest transaction fees of any BSC exchange and aims to continue innovating in the decentralized finance (DeFi) space.
The protocol has a referral system that allows users to invite others and earn referral fees through swaps, lottery, farms, and launch pools.
Biswap's features include standard DEX functions like an Automate Market Maker, non-fungible token (NFT) marketplace, liquidity pools, IDO launchpad, and yield farming.
The protocol was launched last year, and its chief executive officer is reportedly a crypto veteran. The DEX reportedly has over 300,000 active users, and it claims to incentivize new projects with its US$ 10 million incentive program.
Also Read: Why is DGB crypto skyrocketing? All you must know about DigiByte
The BSW crypto is Biswap's governance token, and it has a maximum supply of 700 million. Meanwhile, the circulating supply of the BSW crypto is 203.9 million tokens.
The governance token is a BEP-20 coin, and according to CoinMarketCap data, the BSW crypto's market cap rank is 298.
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Bottom line
On March 31, Biswap announced its collaboration with Oddiyana Ventures on Twitter. The protocol said that Oddiyana is an investment firm which invests in projects based on the blockchain technology.
Since the past few days, the BSW crypto has been gaining traction, and it could be due to its listing on Binance, one of the largest cryptocurrency exchanges in the world.
The BSW crypto had set an all-time high of US$ 2.13 per token in December last year, and its all-time low was US$ 0.2715 apiece on October 12, 2021.
Apart from Binance, the BSW crypto is available for trading on cryptocurrency exchanges like Bitget, BTCEX, Pancakeswap (V2), and LBank. It is important to note that before investing, an individual should do proper research and assess the risk capacity.
Also Read: What is Celo crypto and why is its price skyrocketing?
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