Community Voting for V2.0 NFT Staking Pool | Strengthening Prospect of Biswap Ecosystem

9 min readFeb 11, 2022

Biswap is moving ahead every day and developing in the industry. Setting higher targets and reaching over milestones only give excellent motivation for the team. There is no limit for Biswap growth, but it depends on significant decisions that fuel Biswap progress.

Thank you for being with us from the very beginning and taking an active part in the Biswap development. Due to community votings, we have made many significant decisions that gave us excellent results. Because you are the main guideline that motivates us to create unique and global products. Together with you, we have improved and strengthened BSW tokenomics, gave impetus to creating Biswap Metaverse with a great variety of products, and that’s not all. That is to say, our synergy always leads both of us to step on the new stage and break through even further.

And here again we need to take an important decision that will affect your crypto possibilities development pace on Biswap. As a robust project with great aspiration for development, Biswap wants to Upgrade NFT Staking to Version 2.0 and add power to APY, APR, BSW Burnings, Trading Volumes and crypto rewards users get for staking their NFTs. This innovation will positively impact the Biswap platform and its Biswap NFT Earn that is already taking TOP positions in Binance Smart Chain charts.

The Biswap team values our wise community. Therefore, your opinion and feedback matter to us. We’ve been moving in a similar direction from the very beginning and have the same goals. Therefore, Biswap is applying methods for project enhancement in a constant manner to provide you with the best crypto offers. Biswap wants to take another important decision and implement a new version of NFT Staking to improve and strengthen it for a long term perspective.

From the very beginning, Biswap aims to provide you with the best conditions as the lowest commission fee among DEXs on BSC and with exclusive and lucrative offers to earn up to 4 tokens simultaneously!

Consequently, this NFT Staking V2.0 will lead you to spread your earning possibilities in the future since it will contribute to the lasting improvement of the Biswap global project, notably its NFT Earn. It is the way to become even more potent in DeFi.

Advantages of the NFT Staking Pool V2.0:

🚀 Higher APY and APR for active users

In the NFT Staking Pool V2.0, users who trade and boost their NFTs actively, will get higher rewards due to growing APY tendency and boosting their RB constantly. That is to say, users who are passionate about crypto earnings and NFT will get more rewards.

🚀 BSW token Strengthening & Growth

As Biswappers are more active on the platform, their BSW assets will become increasingly robust. Accordingly, as mighty token holders, they will expand their earning opportunities via other lucrative Biswap features. Besides, the higher the trading volume, the more BSW tokens will be allocated to the BSW token burn.

🚀 Bigger BSW Burnings

BSW token will experience a noticeable boost as the burning amount will become much higher. Token burns are significant for any progressive crypto project, as they uplift token’s interest, and price.

🚀 Users’ trading activity increase

APY and APR growth will depend on trading activity and NFT boosting, which will increase users’ income of 4 worthy tokens by one NFT utility.

🚀 Positive impact on Biswap position in the industry

The more powerful our project is, the more profitable it is for the users. Therefore, by increasing Biswap positions, you are growing your profit.

🚀 Higher Trading Volume

The position of DApp is indicated by its users’ activity and trading volume. Users’ activity will strengthen Biswap within its innovative and lucrative crypto offerings.

As you see, empowering Biswap in the industry via improving its NFT Staking will lead to growing your BSW assets and increasing your earnings at biswap.org

Detailed Explanation & Calculation of NFT Staking Pool V2.0

Within the benefits that NFT Staking Pool V2.0 will bring to the platform, Biswap users’ earnings and Biswap Trading Volume will increase gradually.

There are 3 options in the V2.0 NFT Staking Pool for you to choose from:

🔥 Option 1: Implementation of 0.3%
66.60% first year RB reduction
$1 776 976 734 quarterly increase in the trading volume on Biswap
$888 488 quarterly increase in BSW burn on Biswap
496.39% APY of NFT Staking Pool in 3 months
179.01% APR of NFT Staking Pool in 3 months

🔥 Option 2: Implementation of 0.25%
59.89% first year RB reduction
$1 512 815 304 quarterly increase in the trading volume on Biswap
$756 408 quarterly increase in BSW burn on Biswap
421.30% APY of NFT Staking Pool in 3 months
171.11% APR of NFT Staking Pool in 3 months

❌ Option 3: No changes
This option will not lead to any movement forward for Biswap, including increase of APR, APY for users in NFT Staking Pool or trading volume, or the amount of BSW burned on Biswap at large.

❗️ In case the community decides in favor of the changes, they will not be implemented earlier than 60 days after voting❗️

There is a comparison table between the current situation in the NFT Staking Pool and 30 days after release of the NFT Staking Pool V2.0. As you can see, the daily reward distribution and share in the pool per user will remain unchanged. Let’s take a closer look:

📍 In case the number of RB staked in the NFT pool goes below its current amount, daily rewards will not be decreased.

It’s time to review the benefits the NFT Staking Pool V2.0 will bring us via examples with illustrative numbers. There are calculations below, showing each option, that can clear things up by numbers. The improvement would occur in the case of two variants:

Option 1: 0.3% in NFT Staking Pool V2.0

View the beneficial effect on the NFT Staking Pool via the Option 1 implementation.

There is a calculation of the potential impact on the NFT Staking Pool that includes significant users’ earning possibilities. The calculations below are made in case of less than 5 000 000 Robi Boosts staked in the pool.

Look at the numbers to have a clear vision:

📍 When the number of RB staked in the NFT pool reaches 5 million and 6 million, daily BSW rewards will be increased to 50 000 and 60 000 accordingly.

As you can see, APY and APR will show colossal growth so is your multi-crypto income. Biswap DEX is expected to have a lot of progress alongside its profit making products. BSW token will experience a boost via an increase in the BSW burn amount. Look through the numbers in the table below:

Let’s continue and consider users’ interest on the staked Robbie NFT with 132 RB staked in 2nd LVL NFT:

📍There is no need to unstake your NFT to experience a compound interest rate. The system will internally make compound calculations for you.

❗️1st LVL NFTs will experience no changes in NFT Staking Pool V2.0.

The Biswap team counted the RB decrease for a 2nd-level NFT with 132 RB for 365 days in detail. To view the numbers and all the tables shown above, head to the table:
👉 https://bit.ly/3HJ1mZK

📍 You can make your own calculations using the formulas provided in a spreadsheet.

Option 2: 0.25% in NFT Staking Pool V2.0

It is time to review the improvement in the pool in case of choosing Option 2. On the tables below, the 5 million RB staked in the NFT Staking Pool is taken as an example to show you the changes and uplift in numbers in the most precise way.

The potential of development in NFT Staking Pool will also be great and benefit each user. Take a look at the table below to be sure:

📍 When the number of RB staked in the NFT pool reaches 5 million and 6 million, daily BSW rewards will be increased to 50 000 and 60 000 accordingly.

Besides the increase in APY, APR and no decrease in multi-token rewards, you will witness a positive impact on Biswap DEX as a whole. The sums will definitely go up for BSW Token Burning and trading volumes. Look down below for specific numbers as a sample:

Last but not least, let’s look at users’ interest of percentage if they have 132 RB staked in 2nd-level NFT:

📍There is no need to unstake your NFT to experience a compound interest rate. The system will internally make compound calculations for you.

❗️1st LVL NFTs will experience no changes in NFT Staking Pool V2.0.

The Biswap team counted the RB decrease for a 2nd-level NFT with 132 RB for 365 days in detail. To view the numbers and all the calculations shown above, head to the table:
👉 https://bit.ly/3HJ1mZK

📍 You can make your own calculations using the formulas provided in a spreadsheet.

Take Part in the Community Voting

To make your experience the most profitable and beneficial in DeFi is Biswap top-priority goal. Improvement of NFT Staking will make the project grow faster and your benefits within. There are three proposals to vote for available on the voting page.

📩Vote here:📩

https://biswap.org/nft_voting

Let’s enhance the NFT Direction and step on a new stage together!

Liability 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 planning to do so in the future. Any reliance you place on the information provided by unofficial Biswap’s channels is therefore strictly at your own risk. Under no circumstance shall Biswap be held liable for the wallets participating in the current community voting. The results of this voting shall be considered accurate and fair, therefore representing public opinion. Everyone has the right to voice an opinion.

📍 The team won’t vote by the funds allocated for the Biswap team, NFT Staking, GameFi and other Biswap products.

Terms & Conditions

The voting period is from 11–18 February, 05:00 PM UTC
The voting counts BSW tokens in BSW Holder Pool, BSW Auto-compounding Launchpool, Manual BSW Launchpool, and BNB — BSW, USDT — BSW Farming Pairs.
If less than 51% of users vote for “no changes”, one of the remaining options will be chosen based on the higher number of votes.
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 are unable to vote on the Biswap Voting page, please vote on the snapshot.
Any changes will take place not earlier than 60 days after voting ends.

Ending Word

Biswap is grateful to those who take an active position in the continuous growth of the project! Your feedback is guiding us on the ways of further development. Biswap team is working hard to create the best environment for you to experience every new product as the most beneficial and lucrative. For your part, you may see that users’ yields and the project’s growth are closely related.

Together with you, we are building strong and auspicious crypto opportunities. The DeFi world is often built on solutions that show huge benefits in the long term. But, the benefits that such solutions bring are very significant. Success comes to those who are looking ahead.

Let’s make a significant decision for mutual success!