Fixed Staking on Biswap Coming Soon | Biswap x Binance Initiative!
The Biswap partnership with Binance is progressing! The Biswap goals became real, it is the main priority to become one of the brightest representatives and create new products with distinctive DApps on BNB Chain.
New features and products are developing to provide users with an excellent crypto experience on Biswap. Fixed Staking on the Biswap platform is a result of the outstanding partnership and initiative of Biswap x Binance.
Biswap will be the 1st DEX on the BNB Chain to implement Fixed Staking! This feature will be highly beneficial for BSW Holders. You will be able to take full advantage of this offer and boost your profit.
⏰ The grand release is within 7 days.
What is Fixed Staking?
In simple terms, Fixed Staking is when a user stakes a token and receives profit with a fixed APR in the same token.
For example, Stake BNB — Earn BNB
Fixed Staking is a new way for Holders of TOP tokens to multiply their crypto funds at no risk. You need to be a BSW Holder to take advantage of the first Fixed Staking on BNB Chain, as a certain amount of tokens needs to be staked in the Holder Pool to stake tokens in Fixed Staking pools.
What are the benefits?
🔥Fixed APR
🔥No impermanent loss
🔥Exclusive feature for BSW & TOP token Holders
🔥Stake & Earn TOP tokens daily
How does it work?
There will be endless pools with TOP tokens and fixed APR for each pool. Each token will have 3 kinds of pools (30, 60, 90 days) for withdrawal options with no commission after a certain period. If users decide to withdraw the staking sum earlier than the established deadline, they would need to pay the commission.
Fixed Staking & BSW Holder Pool
Fixed Staking will be tied up to the BSW Holder Pool. To be able to stake in Fixed Staking Pools, users must have a certain number of BSW staked in the Holder Pool.
Total Stake in Fixed Staking Pools
Each pool will have a maximum number of tokens that can be staked in that specific pool. For example, 10 000 BNB. When it reaches the total amount, staking becomes unavailable. When someone withdraws from the pool, the removed number of tokens becomes available for staking.
Min / Total Stake per user in Fixed Staking Pools
For every token and pool, each user will also have a minimum (ex. 1 BNB) and a total amount (ex. 20 BNB) that can be staked. The user will be able to top up the staking number of tokens within the total amount.
Harvest & Unstake of the Rewards
Users will be able to harvest/unstake their profit after completing the 30/60/90 days lock term period from the moment of staking. Users will be able to unstake only the whole number of the staked tokens. When unstaking after a lock term period, users receive a total staking amount and the obtained rewards.
For Example:
The user has staked 1 BNB in the 60 days pool today. Right after the staking, the timer sets off to mark the 60 days when the user will be able to withdraw with no commission. After 10 days, the user decides to add another 2 BNB to the same pool. After the staking, the timer sets off again from the beginning to count 60 days. As a result, the acquired rewards remain on balance and cannot be unstaked.
Accrual of Rewards
The Fixed Staking feature will allow you to gain rewards on a daily basis once a day at a specific time. The first distribution happens on the next full day after staking. It is also important to note that the first rewards accrual is tied to each stake separately.
Commission Fee for Early Withdrawal
While experiencing Fixed Staking on Biswap, please remember, that you can withdraw your funds with no fee only after a certain period since you have staked. The period depends on what pool with the withdrawal period you have staked your tokens: 30, 60 or 90 days. Once the specified time has passed, users can unstake without a fee.
Closing thoughts
Our top priority is to serve Biswap users. Thus our team works hard on developing new features and products. Every implementation is designed to improve your experience on the platform. More details about Fixed Staking will be available with the launch!
Stay tuned for a grand release to benefit from the Fixed Staking on Biswap!
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