Binance Labs has initiated a strategic investment in a Binance Smart Chain (BSC) powered Biswap, a DEX and an automated market maker (AMM). Biswap is one among the various winners of the BSC’s Most Valuable Builder (MVB) II initiative. The MVB II initiative is a global program that motivates BSC developers and BUIDLers.
The strategic investment in question would assist in boosting BSC’s growth prospects, whereas BSC would ensure fulfilment of Biswap’s vision: furthering “freedom of exchange.” The synergy of collaborating would bring enhanced services and products’ quality, sharpening technological growth, and assisting in global expansion.
Per a recent Binance announcement, Nicole Zhang (Binance Labs Director) said:
Biswap is one of the most innovative and popular projects on Binance Smart Chain, and this investment is in line with Binance Labs’ ongoing initiative to promote DeFi and blockchain infrastructure. Binance Labs has always been committed to supporting fast-executing, technical teams who have the potential to positively impact the crypto space, build decentralized web, and help the BSC ecosystem grow.
A BSC-based innovative DEX, Biswap is “the first DEX on the BSC network with a unique 3-type referral program.” Biswap charges really low fees for platform transactions. On Biswap, users can exchange their BEP20 tokens, offer liquidity, whilst also enjoying a passive income. Users can also stake tokens, harvest farms, and Launchpools, while earning referral rewards on Biswap.
Biswap is among the winners of the #MVBII Accelerator Program held (in April 2021) by the BSC. To support and collaborate with BSC’s future and current projects, Biswap introduced a ‘US$10M Global Incentive Program.’