The Biswap DEX team is continuously striving to improve the project. We assess the market conditions and trends to ensure that our users receive the best service possible. After examining the case, we recognize that our platform’s commission and conditions for trading in stablecoins are not as advantageous as they were compared to those of other markets. Therefore, this situation has prompted us to make modifications on Biswap, with the aim of providing a more user-friendly experience.
Comparison of Fees for Stablecoin Trading
Examine the trade costs of other decentralized exchanges that the Biswap team has investigated:
The Biswap team is suggesting a decrease of the trade fee to 0.1% per trade for all stablecoin pairs in light of the current development and direction of the DeFi sector.
🔹BUSD-USDT
🔹USDC-USDT
🔹DAI-USDT
If you choose to reduce the stablecoin pairs trade fee to 0.1%, here’s how it will be distributed:
0.075% — LP Reward for Liquidity Providers
0.005% — BSW Token Burn
0.01% — Biswap Earn (Multi-reward pool, Double Launchpools, other product features)
0.01% — Biswap Team
Voting Options
Biswap is on top of the situation, so it provides two solutions to this problem that can help you improve the performance of your trades on the platform. Select the one that best suits your needs.
Option 1:
Reduce stablecoin pairs trade fee to 0.1%
Option 2:
Keep stablecoin pairs trade fee of 0.2%
Voting Duration:
📆 Start: 11:00 AM UTC, December 28
📆 End: 11:00 AM UTC, December 30
📮 Vote here 📮
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 it planning to do so in the future.
Any reliance you place on the information provided by unofficial Biswap channels is strictly at your own risk. Under no circumstance shall Biswap be held liable for the wallets participating in the current community voting. The voting results shall be considered accurate and fair therefore representing public opinion. Everyone has the right to voice an opinion.
Terms & Conditions
- The voting period is from 11:00 AM UTC, December 28 to 11:00 AM UTC, December 30.
- The voting counts BSW tokens in BSW Holder Pool, BSW Auto-compounding Launchpool, Manual BSW Launchpool, BNB — BSW, USDT — BSW Farming Pairs and BSW on the BEP-20 wallet balances.
- If the number of votes is 51% or more for option “trade fee increase from 0.1% to 0.2%”, the implementation date of all important changes will be announced by the Biswap team after the voting completion.
- 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 cannot vote on the Biswap Voting page, please vote on the snapshot.
- Any changes will take place within 72 hours after voting ends.
