Community Voting for a Trade Fee Increase to 0.2% | Strengthening the Biswap DEX! – 🌐 Biswap News Portal

Biswap is one of the most progressive DEXs in the DeFi space! Despite the market’s instability and volatility, we keep building our platform qualitatively to set goals.

Our team recognizes the importance of progress and thoroughly analyses the crypto industry to discover what changes need to be made for the platform’s advancement. Biswap aims to implement new products and improve its ecosystem. Efficient distribution of the financial and human resources is crucial to every feature’s functioning, large-scale collaborations’ development, and users’ satisfaction.

Once again, with your help, we need to make an important decision that will directly influence the progress of the Biswap platform in the long-term perspective. As a part of the new advancement, Biswap wants to implement a Trade Fee Increase from 0.1% to 0.2%. Change in trade fee distribution is a win-win case for BSW Holders, investors and the development of the Biswap DEX! So, let’s overview the factors that backed the trade fee increase advantages.

0.2% Trade Fee Distribution:

0.15% — LP Reward for Liquidity Providers
0.01% — BSW Token Burn
0.02% — Biswap Earn (Multi-reward pool, Double Launchpools, other product features)
0.02% — Biswap Team

A Few Things to Consider Regarding Trading Fee Distribution

Biswap Team:
The Biswap team puts a lot of effort into the project. For over a year, the team has been working 24/7 to ensure the expansion of the platform and profitable opportunities for its users. However, no funds were allocated to the Biswap team from the trade fee. The team continuously invested its funds to launch new products with the best quality and supported it with many events by Marketing team. Yet, the hard work that team members do every day needs to be recognized and rewarded. This approach will establish higher motivation and necessary funds for the team to push the Biswap development! For this and other reasons that will be mentioned below, the trade fee increase is a key to the sustainable growth of the Biswap platform!

BSW Burn:
We always keep the value of BSW in focus and understand the importance of the BSW Burn to reduce the number of tokens available on the market. But still, we should take into consideration that different stages of the platform’s development require specific and complex decisions that will maximize the pace of Biswap DEX’s progress as a holistic system.

To boost Biswap DEX improvement and provide our users with quality exchange with low slippage, firstly, we need to increase LP Rewards and thus raise the TVL by attracting new investors. That is why these aspects — are our priority for now. We expect that such a strategy will allow us to gradually decrease the token’s emission per block and maintain the TOP positions in DeFi. The 700 000 000 BSW is the maximum possible supply of BSW tokens on the market, 36 938 270 BSW of which have already been burned. BSW token Burn is still an active tool on the Biswap platform, and in a long-term perspective, the BSW supply will be significantly reduced.

At the same time, we plan to strengthen the BSW value by existing and new utilities such as Double Launchpools, Multi-reward Pool, a New innovative Launchpad system, etc., that will increase the BSW demand. All these features require an inflow of assets. For this reason, a trading fee increase to 0.2% will become a source of BSW value funding.

Advantages of 0.2% Trade Fee Increase:

🌟 3X Increase of LP Reward for Liquidity Providers
The increase of the trade fee will positively influence the earnings of the Liquidity Providers on Biswap. The LP Reward will have a 3X boost and reach a stunning percentage of 0.15%!

🌟 Total Value Locked Increase on Biswap platform
After a significant inflow of new users and investors, the Total Value locked (TVL) will rise and cause an increase in the liquidity on Biswap DEX.

🌟 More Convenient Exchange with Easier Swaps
Exchanging tokens will be more comfortable as liquidity increases and slippage decreases. With higher Total Value Locked, users that trade large amounts of crypto will experience less slippage.

🌟 More Investors & Active Users
Biswap constantly welcomes new investors to the platform. LP Rewards will be increased to 0.15%, and liquidity providers will find it more beneficial to contribute. More Active Users will appear on Biswap as the greater amounts of liquidity will make trading more convenient with less slippage.

🌟Multi-reward Pool Implementation
Multi-reward Pool is an exclusive earning feature for Biswap users and BSW Holders, where they can get tokens such as BSW, BNB and BUSD by making trading volume at Biswap Exchange. The increased trade fee plays a valuable role in the replenishment of the Pool. Every time, 10% of the 0.2% trade fee will be contributed to the Biswap Earn, including the Multi-reward Pool, as well as to other product releases.

Explore more about the Multi-reward Pool via the informative article:
https://bit.ly/3QbKCxT

🌟Benefits for BSW Holders
BSW Holders have many privileges, such as access to the Double Launchpools! So, the trade fee increase is positive news for them because 10% of the trade fee will be distributed to the Biswap Earn, such as Double Launchpools and Multi-reward Pool and will contribute to the development of new earn features and the strengthening of the BSW token.

🌟 Higher Ratings & Statistics
As more investors join the platform and liquidity grows, the statistics will uplift, and Biswap will take more leading positions in the crypto world.

The following indicators statistic has a great chance to grow more:

Total Value Locked
Total Trading Volume
More Active Users
More BSW Holders

Voting Options

We value your opinion and feedback. Hence, we want to inform you about the ideas and prospects so that we can make a decision together.

Option 1: Trade Fee Increase from 0.1% to 0.2%

3X Boost of LP Rewards for Liquidity Providers
Total Value Locked Increase
More convenient exchange with minor slippage
New investors and Active Users
Multi-reward Pool Offer for BSW Holders
Benefits for BSW Holders
Higher ratings & statistics
New possibilities with 0.02% allocated to the Biswap Earn features

Option 2: No Changes

Slower development of the Biswap DEX
No boost in LP Reward for Liquidity Providers
Insufficient competitiveness in the market
The little influx of Investors and Active Users
Difficulties in the strengthening of BSW token and slower BSW Holders growth

Voting Duration:

📆 Start: 11:00 AM UTC, 2 August
📆 End: 11:00 AM UTC, 9 August

📩 Vote here: 📩

https://biswap.org/votings/proposal/tradefee_voting

Your opinion is essential to the growth of Biswap, so speak up!

Terms & Conditions:

The voting period is from 11:00 AM UTC, 2 August to 11:00 AM UTC, 9 August.
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 14 days after voting ends.

Disclaimer:

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.

Closing Thoughts:

Biswap is constantly developing and has already achieved high rates in the crypto industry. Indeed, progress would not be possible without you Biswappers! Only with your help we can make important decisions that will strengthen Biswap and take it to the TOP.

The trade fee increase demonstrates that the changes are beneficial to users’ earnings and the future progress of the Biswap DEX as a whole.

Now is the time for us to take a big step for mutual success!