The platform has credited its success to its community and seems set to continue its upward trajectory.
February in Review
BiSwap has released the report of its monthly round-up for February. In the report, the Binance-backed decentralized exchange reviewed its activities since it launched 9 months ago and described its accomplishments as magnificent.
The report’s highlights show that BiSwap achieved a total trade volume of $31.1B, an all-time high daily transaction volume of $429.5M, and burned the platform’s BSW tokens worth more than $8 million in 9 months. The release of the latest roundup was announced on February 24 via Twitter:
“Glorious 9th Month of BiSwap! Progress & Accomplished Goals! Without your trust and support, @BiSwap_Dex would not have been able to achieve so much! We can conquer the highest peaks in DeFi!” BiSwap asserted.
In a blog post, BiSwap gave a breakdown of its accomplishments for February:
- Multi-type Referral Program
The platform has implemented an incentivized referral system. Users who refer friends to signup on BiSwap will earn rewards for their friends’ activities on the platform. These rewards include 5% each from a referral’s farm and launchpool earnings, as well as up to 20% of the swap fees for every swap by a referral.
- Multi-chain Expansion
BiSwap could soon become a multi-chain protocol. This follows a community vote in which 53.54% voted for the protocol to deploy on the Fantom blockchain.
Social Media Contests
BiSwap held many social media contests on YouTube, Twitter, Telegram, etc., with a total prize pool of more than $18,000 worth of BSW tokens.
- Collaborations
The platform sealed more than 10 strategic partnerships and collaborations with other protocols, including Dreamboat Capital, SafePal Wallet, HotCross.
For a complete list of BiSwap’s successes for February, see the report here.
Recognition of Community’s Role
BiSwap gave credit for its success to its users. The platform noted that feedback from its community has been instrumental to the platform’s progress:
“Magnificent & advancing! These are the words to describe the February month of BiSwap. The BiSwap team would like to appreciate our users. Your participation and belief in the platform are significant to us! You strongly impact the BiSwap development in the crypto industry by providing your feedback and ideas. Let’s make even more DeFi accomplishments together!”
Quite some achievement in a relatively short time. The platform seems to be on momentum, and with the recent strategic investment by Binance Labs, BiSwap may yet continue in its upward trajectory.
What is BiSwap?
BiSwap is a decentralized exchange platform for swapping BEP-20 tokens on Binance Smart Chain. It introduced a first-of-its-kind 3-type referral scheme where users earn rewards whenever their referrals take part in farms, launchpools, or make swaps.
BiSwap charges 0.1% transaction fees which is one of the lowest in BSC and aims to be a benchmark for decentralized exchanges.
Where to find BiSwap:
Website | Whitepaper | Twitter | Github | Telegram
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
