We are happy to announce the great release! Welcome and enjoy a new feature — Multi-Reward Pool! You can earn TOP crypto tokens by staking BSW and making trading volume with eligible trading pairs at biswap.org!
What is a Multi-Reward Pool?
Multi-Reward Pool — an additional earning option for Biswap traders and BSW Holders. As you already guessed from the Pool’s name, users will get multiple rewards in different tokens, such as BSW, WBNB, BUSD and partners' tokens! To join the Pool and get such glorious rewards, you have to stake BSW and activate them by trading volumes. It is an exceptional chance to raise your income with lucrative conditions, including:
💸Multiple tokens in return
💸Low entry barriers
💸Extra income for tradings
Let’s dive into the details and find out more information.
Multi-Reward Pool Utilities for Biswap DEX & Users!
Multi-Reward Pool has many interested parties, including Biswap DEX, Liquidity Providers, BSW Holders and Traders! All of them will get a bunch of benefits.
💰 BSW Value:
The Biswap platform will receive a significant amount of locked BSW tokens and, consequently, a more decisive influence on maintaining the token’s price. These favorable factors will have a good impact on the value of BSW.
👥 More BSW Token Holders:
To join the Multi-Reward Pool, users need BSW tokens for staking. Due to this condition, the number of BSW Holders will grow on Biswap DEX and more users will experience this worthy crypto!
📈 Growth of the Total Trading Volume:
Earning via a Multi-Reward Pool requires trading volume from the user to increase the profit. This term motivates users to trade on Biswap and will cause an increase in Total Trading Volume (TVL).
Want to become a crypto trader?
Explore more options and benefits for Biswap Traders via the article:
💎 Increase of LP rewards for Liquidity Providers:
TVL growth will positively affect the Liquidity Providers’ profit from the trading fee. Biswap values its Liquidity Providers and gives them a percentage of the trading fee as LP Rewards. It means that active trading on Biswap will bring extra earnings for Liquidity Providers.
How Does a Multi-Reward Pool Work?
According to the recent changes Trading Fee has increased to 0.2%. But it is still the lowest commission on the BNB Chain. Every time, 10% of this commission will be directed to the Biswap Earn features, including Multi-Reward Pool.
One of the coolest features is that users can impact their income because it directly depends on the user’s trading volume. Keep reading to figure out the main profit principle of the Multi-Reward Pool.
Trading Volume as a Key to Income!
To take advantage of the new offer, you have to stake BSW and swap eligible trading pairs on Biswap Exchange. This way, you make your staked BSW active and only then can you earn from the pool. Take into account that 1 BSW equals $20 trading volume, so to activate 1 BSW, you have to make $20 trading volume for 30 days (this equivalence might be changed in the future).
Every 24 hours before the rewards accrual at 12:00 PM UTC, the trading volume will be summed up for 30 days. However, the Trading Volume is counted from the launch of the Multi-Reward Pool.
💡Main principle: The more trading volume you have — the highest income you can expect from staking!
- Trading Volume will be calculated from the moment the feature is launched.
- Only eligible trading pairs are taken into account (if the eligible pair was in a Route, the trading volume would be counted as well)
Thanks to the user-friendly interface, it is easy to track your actual trading volume and active BSW. So you can see how many trading volumes you have to gain to maximize your income.
What are Active BSW Tokens? | Why are they so Important?
So, Active BSW means tokens that were backed by trading volume on the Biswap platform. Rewards are accrued only for active BSW.
In the case of the Multi-Reward Pool, 1 BSW is equal to $20 trading volume for 30 days on Biswap. It means that you can activate your BSW with $20 trading volume; to activate 2 BSW — you need to have $40 trading volume, and so on. To activate 100 000 BSW (max stake per user), you need to have 2M trading volume! That is why it is such a beneficial offer for Traders that allows them to earn more!
If users staked 1 000 BSW into Multi-Reward Pool, the expected Trading Volume will be $20 000. But if the user made $8 000 trading volume, only 400 BSW will be activated (8 000/ $20) and will bring a profit. (400 BSW *APR )
- No trading volume — no income from Multi-Reward Pool.
- The equivalence of 1 BSW = $20 of the trading volume for 30 days (might be changed in the future.)
Review Trading Volume Multiplier for Eligible Trading Pairs
To count Trading Volume, it is important to take into consideration Multiplier for a certain pair of tokens you are exchanging.
In order to balance the trading on the Biswap platform, we set 0.9X Multiplier for BUSD -USDT, USDT- USDC, DAI-USDT pairs and 1X Multiplier for the rest of the pairs. Biswap team encourages you to extend your trading experience with various tokens!
View the Trading Volume Multipliers for Eligible Trading Pairs:
- If a user made a swap for $1 000 BUSD — USDT pair with 0.9X Multiplier, Trading Volume would be counted in the following way: $1 000 x 0.9 = $900
- If a user made a swap for $1 000 TRX — WBNB pair with 1X Multiplier, Trading Volume would be counted in the following way: $1 000 x 1 = $1 000
Trading Volume burning | Importance of Regular Trading
After a 30 days period, on the next day, the share of your Trading Volumes will start to burn. Every day at 12:00 PM UTC, the trading volume will be summed up for 30 days. The trading volume of the shifted day will be burned.
The user made $10 000 Trading Volume on the first day, $5 000 Trading Volume on the 2nd day and so on. During 30 days, the Trading Volume amount increased to $30 000. On the 31st day, $10 000 of Trading Volume will be burned. On the 32nd day — $5 000 will be burned.
The user made $10 000 Trading Volume on the first day and $5 000 Trading Volume on the 2nd day. After that, the user did not trade with eligible pairs at all. After 30 days, the Trading Volume amount will be $15 000. On the 31st day, $10 000 of Trading Volume will be burned, and on the 32nd day — $5 000 will be burned. In this way, If the user won’t trade, the whole Trading Volume will decrease to $0, and the user won’t get any income.
Stake & Withdrawal of BSW Terms
Users stake our native token BSW into the Pool. Consider that the maximum stake per user — is 100 000 BSW and the minimum stake — 0.01 BSW. It is possible to withdraw the locked assets and increase the staked amount anytime, but note:
📍A 10% withdrawal fee is required when withdrawing staked BSW earlier than a 60-day lock term. Once the lock term is over, you can withdraw BSW with no early withdrawal fee. If you withdraw your assets earlier than 60 days, 10% will be deducted from the withdrawal amount as a fee for early withdrawal. This 10% withdrawal fee will be used for Earn direction (Double Launchpools and others).
📍Additional stake in the Pool will restart the countdown of the 60-day lock term, and the fee for early withdrawal will be prolonged.
Accrual & Harvest of Crypto Rewards
The rewards are accrued every 24 hours at 12:00 PM UTC to your balance on the Multi-Reward Pool page. Actual accrual of rewards can take up to 10 minutes. Users can harvest them at any time with a certain commission from the reward balance. The commission depends on the number of tokens you're harvesting:
✔️ Withdrawal of 3 tokens: 0.0015 WBNB commission
✔️ Withdrawal of 4 tokens: 0.002 WBNB commission
The Multi-Reward pool will expand and delight users like other features, so when more tokens are added to the pool, the commission for rewards withdrawal will increase consequently.
History of Rewards & Volumes
To ensure transparency of Multi-Reward Pool functionality, users can see the history of their trading volumes and rewards distributions for the previous periods. There is also your share of burned BSW visible.
Multi-Reward Pool Guide | Follow the Steps to Lucrative trades!
We have prepared for you a short instruction that illustrates all the necessary steps to start one more profitable journey on Biswap DEX via Multi-Reward Pool
1. Click on the Stake BSW button to start
❗️Consider that the minimum stake per user is 0.01 BSW.
2. Type the number of BSW you want to stake, press checkbox with Term of Use and press Confirm
❗️Keep in mind that the max stake per user is 100 000 BSW
3. You can withdraw your staked BSW anytime by pressing the ‘-’ button:
- If you withdraw your assets earlier than 60 days, a 10% fee from the withdrawal amount will be issued
4. To increase the staked amount, tap on the ‘+’ button
❗️It is important to note that once you add more BSW, your 60-day commission period will restart. Remember that you will have to pay a 10% commission fee for early withdrawal.
5. You can harvest your rewards easily with a 0.0015 WBNB commission fee from the reward balance. Just click on the Withdraw button.
6. To see the history of your rewards, click on the Clock icon.
7. To check out the history of your trading volume, click on the History.
Also you can watch an informative video guide on Biswap YouTube:
- The user earns different tokens via Multi-Reward Pool
- The income growth directly correlates with Trading Volume
- 1 Active BSW = $20 Trading Volume for 30 days
- No trading volume — no rewards
You are welcome to become one of the Biswap traders and experience a range of opportunities, including a Multi-Reward Pool! Don’t miss the chance to get rewards in different tokens to increase your profit with high APY. Remember that you impact the income by trading volume. If I can leave you with one thought, it’s this:
Stake and Trade — it’s your superpower!
📍All figures are relevant at the time of the release of the material: 8/16/2022
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