Biswap Launches New Incentive Program for Growth

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 29 2024

BSW-3.15%

TOKEN-0.71%

Should l Buy BSW?

Biswap's Unique Features: Biswap is a decentralized exchange on the Binance Smart Chain, known for its low transaction fees of 0.1% and integration of GameFi applications, while also committing to repurchasing and burning its governance token, BSW, to increase user appeal.
Token Distribution and Incentives: The total supply of BSW is 700 million tokens, with significant allocations for farming, referrals, and deflationary strategies, alongside a new $10 million incentive program aimed at collaboration with other projects.

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Technical Analysis for BSW

Technical Sentiment Analysis for Biswap (BSW) As of , Biswap (BSW) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BSW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BSW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Biswap (BSW) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00121	0.00155	0.00183	0.00216	0.00244	0.00277	0.00305
Fibonacci	0.00155	0.00178	0.00193	0.00216	0.00239	0.00254	0.00277

About BSW

Biswap (BSW) is a decentralized exchange (DEX) for BEP-20 tokens on Binance Smart Chain (BSC). Biswap promises the lowest transaction fees of any BSC exchange at 0.1% and vows to be committed to innovation in DeFi through its high-quality products and services. Its referral system allows users to invite others and receive referral fees from farms, launch pools, swaps, and a lottery.Biswap’s core products include the standard DEX functions like an AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. In its roadmap, Biswap targets the following:Listing on major crypto exchangesImprovements of its NFT marketplaceCross-chain supportLimit ordersLending & BorrowingA personal user dashboardA swap referral programFurthermore, Biswap announced a $10 million global incentive program to collaborate with other BSC projects. Partners can expect a 90% fee reimbursement, farming pairs with BSW, a launch pool, marketing promotion, and grants for security audits and project development.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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