I just learned more about what BSW is, and it turns out to be quite interesting. BSW is the token of Biswap, a DEX launched in 2021 on Binance Smart Chain. When it was first released, the initial price was around $0.64 with a total supply of 700 million tokens.

What makes Biswap different from other DEXs is its extremely low transaction fee, only 0.1% — the lowest in the industry. Additionally, the platform has a three-tier proposal system, creating many opportunities for users to earn profits. You can provide liquidity to pools, receive LP tokens, and then stake them in farms to earn BSW.

The most notable feature is its deflationary mechanism. Biswap is not just a trading platform; it also has a comprehensive token burning system. About 50% of transaction fees are used to buy back BSW from the market and burn them. Moreover, early withdrawal fees, performance fees, and revenue from NFTs—all are partly used to destroy tokens. This helps reduce circulation, creates downward pressure on supply, and supports the long-term value of the token.

I also see that Biswap’s global incentive program is quite strong. They allocate $10 million to support new BSC projects. Accepted projects can receive up to 70% rebate on transaction fees, farm on Biswap, reach over 420,000 users through media channels, and get security audit funding of up to $10,000.

Overall, what is BSW really? It’s the token of a low-fee DEX with a strong deflationary mechanism and an active ecosystem development on BSC. If you’re interested in DEXs with token burn mechanisms, this is a project worth following.