The Biswap DEX team is constantly working on the project’s development. We analyze the market trends and situation to provide the best service to the users. Having analyzed the case, we understand that the commission and conditions for trading stablecoins on our platform are no longer as beneficial as they used to be compared to the market ones. That’s why this case leads us to new modifications on the platform, which will result in a better user-oriented experience on Biswap.
Comparison of Fees for Stablecoin Trading
Take a look at the trade fees of other DEXs that the Biswap team has analyzed:
Considering the movement and tendency of the DeFi industry we are progressing in, the Biswap team proposes to reduce the trade fee from 0.2% to 0.1% per trade for all stablecoin pairs:
If you choose to reduce the stablecoin pairs trade fee to 0.1%, here’s how it will be distributed:
0.075% — LP Reward for Liquidity Providers
0.005% — BSW Token Burn
0.01% — Biswap Earn (Multi-reward pool, Double Launchpools, other product features)
0.01% — Biswap Team
Biswap always keeps abreast, which is why it brings two options for solving this issue together with you. Choose the option that will improve the conditions of your trading actions on the platform.
Reduce stablecoin pairs trade fee to 0.1%
Keep stablecoin pairs trade fee of 0.2%
📆 Start: 11:00 AM UTC, December 28
📆 End: 11:00 AM UTC, December 30
📮 Vote here 📮
As we operate in the DeFi space, the Biswap team assumes no responsibility or liability for the wallets participating in this community voting, as this is out of our control. Biswap has never used the team’s tokens to manipulate the community voting results, nor is it planning to do so in the future.
Any reliance you place on the information provided by unofficial Biswap channels is strictly at your own risk. Under no circumstance shall Biswap be held liable for the wallets participating in the current community voting. The voting results shall be considered accurate and fair therefore representing public opinion. Everyone has the right to voice an opinion.
Terms & Conditions
- The voting period is from 11:00 AM UTC, December 28 to 11:00 AM UTC, December 30.
- The voting counts BSW tokens in BSW Holder Pool, BSW Auto-compounding Launchpool, Manual BSW Launchpool, BNB — BSW, USDT — BSW Farming Pairs and BSW on the BEP-20 wallet balances.
- If the number of votes is 51% or more for option “trade fee increase from 0.1% to 0.2%”, the implementation date of all important changes will be announced by the Biswap team after the voting completion.
- Once voted, you will not be able to vote again.
- There is no need to unstake your BSW tokens from Farms and/or Launchpools to vote. The system will automatically sum up all your tokens locked in Farms & Launchpools. Your BSW tokens will stay with you.
- If you cannot vote on the Biswap Voting page, please vote on the snapshot.
- Any changes will take place within 72 hours after voting ends.
We deeply appreciate your involvement in Biswap’s key processes. The users’ opinion helps us strengthen the platform and take it to the next level. Your opinion matters, so let’s keep on improving together!
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