Standing on the threshold of a new year, reflecting on what 2023 has been like, Biswap DEX is at the crossroads of challenges and triumphs. This year, marked by a unique set of obstacles, has also been a canvas for innovation, growth and the unwavering spirit of the Biswap community.
Before we dive into the pages of our 2023 report, we extend our sincere gratitude to every member of our community for their resilience and support. Together, we have weathered storms and celebrated victories, laying the foundation for an even more promising future. Join us as we recount the chapters of this extraordinary year.
Product Releases, Updated & Integrations
First of all, we will tell you about the features and progress of Biswap DEX realized in the year 2023.
Biswap V3 | Upgraded Automated Market Maker
In Biswap’s transformational journey throughout 2023, one crucial moment stood out — the release of Automated Market Maker (AMM) V3. This groundbreaking update marked a monumental leap forward, propelling Biswap into a new era of decentralized finance and earning it the title of Biswap V3.
The release of AMM V3 was not just an upgrade, it was a paradigm shift representing a fusion of innovation and resilience in the face of adversity. The Biswap team overcame all challenges with an unwavering determination to provide users with the best experience possible.
Visit an ‘AMM V3’ blog section to learn more about it.
BSW Investment Pool | First Model on DEX
Exciting times are upon us! The BSW Investment Pool is now live, opening up a world of opportunities for users to capitalize on BSW holdings with a lucrative APR. Earn USDT in the Real Yield Pool and actively participate in the project’s growth by exercising your voting power. Biswap has embarked on a path toward self-sustainability, guiding both the project and its community towards enhanced development. Seize the moment and explore the possibilities: https://biswap.org/investment_pool
Besides, the BSW Classic Pool was released. It is a separate pool with no lock term. You will be able to get BSW rewards and vBSW (voting power) there.
What are Perks of the Classic Pool?
- Stake BSW with no lock term
- Get BSW rewards
- Gain vBSW (voting power)
The Classic Pool offers an additional opportunity to earn BSW and voting power alongside the main BSW Investment Pool. The choice is yours, Biswapper.
BSW Emission Decrease
In December, the BSW emission was reduced from 15 to 11 tokens per block, coinciding with the release of the BSW Investment Pool on December 13th, 2023.
This adjustment carries a notable impact on farming APRs. The reduction to 11 BSW per block has led to a 20.9% decrease in rewards for Biswap farmers, extending the emission period by approximately 26.6%. This change not only influences the overall BSW emission but also creates additional opportunities for the project’s stable operation.
Multi-type Referral Program Update
With the launch of the BSW Investment Pool, some changes have been made to the Multi-type Referral Program. Instead of staking BSW to the Holder Pool, users now have to stake BSW in the lucrative BSW Investment Pool to maximize their earnings:
- Earn up to 20% BSW through a Swap commission determined by the amount of staked tokens in the BSW investment pool.
- Receive 5% BSW exclusively through V2 Farms.
- Receive 5% BSW exclusively through Classic Pool.
Invite your friends to learn about cryptocurrency earning through the extended program!
Liquid Staking | Binance Earn Integration
2023 also marked the integration of Binance Earn Liquid Staking into Biswap!
Liquid Staking on Biswap is a flexible earning feature that allows users to take advantage of the best token liquidity opportunities. This option allows you to earn ETH staking rewards while using this liquidity in the form of WBETH in other DApps.
Thus, you can earn double income. Make your ETH investment now!
Binance Web3 Wallet Integrated Biswap DEX
Another great development in the Binance and Biswap synergy is the addition of Biswap DEX to the newly released Binance Web3 Wallet! The article with all the details can be found here: https://biswap.cc/4arWNlh
How to find Biswap DEX in the wallet?
1️. Open the Binance App
2️. Tap on [Wallets] -> [Web3] -> [Discover] -> [Trending DApps]
This is a great step for further Biswap development and ecosystem expansion. Enjoy Biswap in the Binance Web3 Wallet!
Perpetual Trading | ApolloX Integration
In April, Biswap made traders happy and integrated Perpetual Trading, the ApolloX solution. Now you can trade perpetual contracts without KYC directly on DEX.
Take advantage of the following benefits:
- Hedging and risk management
- Short-term exposure and leverage
Create your strategies and benefit from optimal positions!
Biswap Blog | Information & Educational Center
The Biswap Blog was also released in the second quarter of 2023. Since then, it has served as a digital haven, providing a platform to explore Biswap products and features and to analyze decentralized finance and blockchain technology through informative articles.
It is more than just a repository of news and information; it is a vibrant space where the community can engage with interesting content, stay abreast of industry trends, and gain a deeper understanding of the world of decentralized finance. From expert analysis to project updates and educational content, the Biswap blog is a rich resource for enthusiasts, developers and the curious.
Multilingual Website | Freedom of Use
Biswap is committed to creating the best DeFi products around the world for its vibrant international community. For this reason, we felt it was important to ensure that our services are accessible and our offerings are understood by the entire global community. Therefore, in 2023, the Biswap team launched a multilingual website to ensure usability and a quality user experience for all!
Expanding Partners’ Ecosystem
The crypto industry faces some formidable challenges in 2023. But the 2023 list of collaborations is a testament to Biswap’s unwavering spirit in developing partnerships and expanding its ecosystem.
During the year, Biswap created 13 collaborations, each representing a milestone in the pursuit of excellence. These partnerships exemplify our commitment to building a robust decentralized exchange that thrives on synergy, mutual benefit and shared success.
Partnerships in 2023
- Binance Earn
- ApolloX
- Venus Protocol
- Carbon Browser
- OKX Wallet
- ChainGPT
- TrueUSD
- Space ID
- Helio Protocol
- Mathverse
- Ankr
- Vulkania
- Yuliverse
In the face of adversity, Biswap not only weathered the storm, but endeavored to present its users with the best possible offerings by leveraging the strength of these collaborative efforts.
Numeric Records & Mentions
As we reflect on Biswap’s journey into 2023, we present an overview of our numerical records and mentions. From record trading volumes to the first milestones in our BSW Investment Pool, these achievements highlight our community engagement and continued growth.
$54M Trading Volume In a Day on Biswap V3
The Biswap V3 came out in a challenging year, yet it started showing its first records in the same year. And believe me, this is just the beginning! For example, the daily trading volume in November soared to impressive numbers:
- $54 363 302 — trading volume on Biswap V3 on November 21.
Let’s achieve more records together!
58,8M+ BSW Staked in the BSW Investment Pool
The BSW Investment Pool has reached an impressive milestone with 58 800 000+ BSW staked by Biswappers in 2 weeks since its launch! Our team sincerely appreciates your support, trust, and interest!
Stake BSW to earn BSW, oBSW, vBSW, and USDT via the Real Yield Pool:
https://biswap.org/investment_pool
Have you already joined this exclusive pool?
BSW is TOP Token Gainer on Binance
Also, we can’t help but mention that our BSW token has been a top gainer token on Binance several times this year. We are sure you will see it here again and again in the next year! Look at the latest December stats:
- +61.25% to price
- TOP 1 Gainer on Binance
All of these accomplishments would not have happened without you, our dear Biswappers! We express our sincere gratitude to you and invite you to achieve more with us next year!
Fortune On-chain & Off-chain Events
Staying true to its tradition of delighting users with exciting and rewarding events, Biswap has launched and joined partner events in 2023 as well. Besides, there are regular activities in the Biswap Telegram chat. If you are looking for communication and rewards, you should check it out! And now, just take a look at the list of 2023 year events:
- 50 000 BSW Jingle Trade Competition
- $5 000 BSW Listing Anniversary Trading Competition
- $2 000 BSW Listing Anniversary Galxe Event
- $1 000 BSW Listing Anniversary Contest on Instagram
- $5 000 BSW B-day Trading Competition
- $300 BSW New YouTube Event
- $500 BSW Catch Event on Instagram
- $50 000 Biswapx IguVerse MetaIguana Adventure
- $500 BSW V3 Quest
- $99 BSW Share & Get 3 Likes on Twitter
- 2000 USDT Biswap x BetFury B-day on QuestN
- 20 000 HAY Biswap x Helio DeFi Summer Party
- $1000 Biswap x XOX Labs Xmas Giveaway
- $1000 Biswap x MathWallet Xmas Party
Looking forward to having fun and crypto next year!
Closing Words
As we bid farewell to the chapters of 2023, we do so with a sense of accomplishment, gratitude, and anticipation for the horizons that lie ahead. This year, while presenting its fair share of challenges, has also been a testament to the strength and unity of the Biswap family. Our team’s dedication, coupled with your unwavering support, has propelled us to new heights and fortified our position in the dynamic world of decentralized finance.
In the spirit of progress and collaboration, we express our heartfelt thanks for being integral to the Biswap story. The pages of 2023 are turning, but the narrative continues, and we invite you to stay tuned for the exciting developments that the future holds. As we embark on the journey into the unknown of 2024, let’s carry the lessons of the past and the optimism of the present to sculpt a future that surpasses all expectations. Thank you for a remarkable year, and here’s to the boundless possibilities that await us in the chapters yet to be written. Biswap wishes you a prosperous and fulfilling New Year!
