Biswap is a decentralized exchange associated with BNB Chain, and BSW is the token used in its incentive and governance materials. Its documentation describes more than one exchange version and fee model, so a single fee figure should not be treated as applying to every pair or route.
Exchange Design and Fees
Biswap documentation distinguishes V2 from V3. Its V3 documentation lists separate fee tiers for pools with different volatility profiles: 0.015%, 0.08%, 0.28%, and 1%. These are documented pool tiers, not a guarantee of the fee charged by every current trade. Concentrated liquidity also exposes providers to price-range, liquidity, and impermanent-loss risks.
BSW and Supply
The project tokenomics page lists a 700 million BSW maximum supply and says historical emissions have ended. Its allocation percentages describe past emissions, not a current distribution program. Maximum supply is also different from circulating supply, and token utility or governance rights do not guarantee market value.
Delisting and Risk
Binance announced removal of BSW spot trading pairs effective July 4, 2025. That notice concerns Binance spot markets; it does not establish that Biswap contracts or every other market stopped operating. Users should verify the chain, official contract addresses, pool liquidity, and current interface before interacting.
Social Media Sentiment
- A June 26, 2025 r/memedreamers post with eight votes framed BSW’s move after Binance’s delisting notice as a surprising rally and pointed to a roadmap announcement. This is one small price-focused post, not a representative sample or evidence that the roadmap was delivered; it does not establish broad community confidence.
Last updated: 2026-10
Related Terms
- Decentralized Exchange (DEX) — Defines the on-chain exchange model Biswap belongs to.
- BNB Chain — Explains the blockchain ecosystem associated with Biswap.
- Liquidity Pool — Covers pooled assets for swaps and liquidity-provider risk.
See Also
- What Is Tokenomics? — Explains supply, allocation, utility, and incentives.
- What Is MEV? — Explains transaction ordering and extraction risks in decentralized trading.
- Why Smart Contract Audits Fail — Explores the limits of audits as a security signal.
- ChangeNOW — A service for exchanging crypto assets; check supported assets, networks, and terms before use.
Sources
- Biswap Documentation: Exchange — Describes exchange versions and distinct V3 pool fee tiers.
- Biswap Documentation: Tokenomics — Lists BSW maximum supply, historical allocations, and the project statement that emissions have ended.
- Binance: BSW Spot Delisting Notice — States Binance planned to stop BSW spot trading on July 4, 2025, without establishing other market or protocol status.