BISO
Reputation Ratings

BISO

BISOSwap 1-2 years
Cryptocurrency
Website https://bisoswap.com/
Browser
OTH RELPs
White Paper
BISO Avg Price
0.00%
1D

$ 0.0021 USD

$ 0.0021 USD

Market Cap

$ 437,427 0.00 USD

$ 437,427 USD

24h trading volume

$ 825,931 USD

$ 825,931 USD

7d Vol

$ 2.977 million USD

$ 2.977m USD

Circulating supply

0.00 0.00 BISO

Related information

Issue Time

2023-05-25

Platform pertained to

--

Current price

$0.0021USD

Market Cap

$437,427USD

Volume of Transaction

24h

$825,931USD

Circulating supply

0.00BISO

Volume of Transaction

7d

$2.977mUSD

Change

24h

0.00%

Number of Markets

7

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Current Rate0

Available

0.00USD

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BISO Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

+8.98%

1Y

-78.45%

All

-91.07%

No data
Aspect Information
Short Name BISO
Full Name BISO Swap
Founded Year 2022
Support Exchanges Gate.io, MEXC Global
Storage Wallet Token Pocket, Unisat Wallet, OKX Wallet
Contact Telegram, Facebook, Medium, Gitbook

Overview of BISO Swap(BISO)

BISO Swap, as a decentralized exchange platform, enables users to trade digital assets directly from their wallets, without the need for an intermediary. The BISO token is used within this ecosystem for various purposes, such as liquidity provision, governance, and more. It also incorporates yield farming and staking functionalities, enhancing user engagement and investment opportunities. Like all cryptocurrencies, BISOSwap's value is highly volatile and subject to market conditions. The technology behind BISO Swap ensures a transparent and secure environment. However, as with any decentralized financial (DeFi) operation, it is advisable for users to understand the platform's mechanics and potential risks before participation.

To obtain more information, you can visit their website:https://bisoswap.com/en and try to log in or register to use more services.

Overview of BISO Swap(BISO)

Pros and Cons

Pros Cons
Decentralized exchange Subject to smart contract risks
Direct wallet-to-wallet trading High volatility
Yield farming and staking functionalities Cryptocurrency market risk
Governance via token ownership Usability may be complex for inexperienced users
Transparent environment

Pros of BISO Swap (BISO)

- Decentralized exchange: Being a decentralized exchange, BISO Swap puts control in the hands of its users, rather than a central authority. This provides an open, permissionless environment where anyone can participate.

- Direct wallet-to-wallet trading: With BISO Swap, users can trade digital assets directly from their wallets, avoiding the need for an intermediary. This can offer faster transaction times and potentially lower fees.

- Yield farming and staking functionalities: BISO Swap enriches its ecosystem by providing yield farming and staking opportunities. This allows users to monetize and maximize their digital assets by providing liquidity or staking their tokens.

- Governance via token ownership: BISO token holders have rights in the decentralized governance of the platform. This means they can participate in decisions and developments related to the platform, promoting a democratic ethos.

- Transparent environmen: Leveraging the transparency inherent to blockchain technology, BISO Swap provides a clear view into all transactions taking place.

Cons of BISO Swap (BISO)

- Subject to smart contract risks: As with any platform that relies on smart contracts, BISO Swap faces the risk of bugs and vulnerabilities that can be exploited by malicious actors. This could potentially lead to loss of funds or integrity of the platform.

- High volatility: Like all cryptocurrencies, BISO's price is highly volatile. This means the value of BISO can increase or decrease dramatically in a very short time, presenting potential financial risk to holders.

- Usability may be complex for inexperienced users: Given its features and functionalities, inexperienced users may find BISO Swap complex to use. Understanding the yield farming, staking, and governance process may require a certain level of blockchain knowledge.

- Cryptocurrency market risk: BISOSwap, like all cryptocurrencies, is subject to the general risk of the cryptocurrency market. This could be influenced by various factors like regulatory news, market manipulation, or technological failures.

What Makes BISO Swap(BISO) Unique?

BISO Swap (BISO) leverages the empowerments of Decentralized Finance (DeFi) to create a comprehensive ecosystem that includes decentralized exchange functionalities, yield farming, and staking. Moreover, it facilitates direct wallet-to-wallet trading, thus bypassing the need for a centralized intermediary.

Unlike many other cryptocurrencies focusing solely on the role of a transferable digital asset, BISO Swap aims to offer more extensive utilities within its platform. By holding BISO tokens, users can participate in the platform's governance decisions, indicating a move towards democratized control.

BISOS wap also stands out for the yield farming and staking opportunities it presents. While not unique in providing these features, the integration of these within a decentralized exchange is BISO Swap's attempt to enhance user engagement and monetization possibilities.

However, it's important to note that as these features and the DeFi sector as a whole are still relatively new, they carry their own risks and challenges. Like other cryptocurrencies, BISO Swap also shares the broader market risks associated with the volatile nature of digital assets.

How Does BISO Swap(BISO) Work?

BISO Swap operates as a decentralized exchange (DEX) which allows users to trade digital assets directly from their wallets without the need for a traditional centralized intermediary. This is achieved through the use of smart contracts that execute transactions based on pre-set conditions.

The principle underlying its working is that of an automated market maker (AMM). Unlike traditional exchanges that use order books to match buyers and sellers, an AMM-based DEX like BISO Swap uses liquidity pools. These pools are filled by users who lock up their assets to facilitate trading on the platform. In return for providing liquidity, users earn transaction fees as well as BISO tokens, which can be staked to earn further rewards.

The BISO Swap platform also leverages yield farming and staking functionalities. Users can stake their BISO tokens or provide liquidity to earn additional tokens as rewards, thus encouraging user participation and investment in the platform.

Embedded within its ecosystem is also a governance mechanism, wherein BISO token holders can participate in the decision-making process for upgrades or changes to the platforms protocol.

As with all blockchain-based platforms, the operation of BISO Swap is underpinned by cryptographic safeguards to ensure the security of transactions and user assets. However, users should be aware of potential DeFi-associated risks, including smart contract vulnerabilities and price volatility.

Circulation of BISO Swap(BISO)

BISO Swap (BISO) operates with a unique circulation system that's intimately linked to its platform's activity.

Over the last 30 days, there have been a total of 3 projects that have indirectly contributed to the liquidity and circulation of BISO. This activity has attracted a total of 3481 users in the same period, suggesting a healthy demand for the token.

In terms of liquidity, a substantial amount of 17.8 BTC has been raised, which potentially illustrates the good standing and trustworthiness of BISO as a swap platform.

Moreover, a whopping total value of $357 Million has been locked in over the last 30 days. This signifies a considerable volume of BISO being locked away and removed from circulation temporarily, often to gain staking rewards.

This velocity, volume, liquidity, and the locked-in value could significantly affect BISO's value and price in the market. Please always refer to a reliable cryptocurrency market data platform for the most accurate and current information.

Circulation of BISO Swap(BISO)

Exchanges to Buy BISO Swap(BISO)

BISO Swap (BISO) can be accessed through a host of reliable cryptocurrency exchanges, each with its own unique offerings:

Gate.io: Gate.io has a wide variety of cryptocurrencies for trading and it lists BISO Swap as well.

MEXC Global: MEXC Global caters to both beginners and seasoned traders. It supports various cryptocurrencies and supports BISO Swap trading.

Prior to making any transactions, please verify whether these platforms support BISO Swap. Also, remember to thoroughly research their security measures, transaction costs, and trading functionalities. As with any investment, purchasing cryptocurrencies has potential risks, so it's crucial to stay informed and make careful decisions.

Exchanges to Buy BISO Swap(BISO)

How to Store BISO Swap(BISO)?

Storing BISO Swap (BISO) can be done using several reliable digital wallets:

Token Pocket: This is a multi-chain and multi-currency wallet that supports a wide range of crypto assets. It's also able to store BISO Swap depending on BISO's compatibility with the wallet.

Unisat Wallet: Unisat Wallet is a user-friendly cryptocurrency wallet known for its security features.

OKX Wallet: As part of the OKX exchange, its wallet offers secure storage for a wide array of cryptocurrencies and supports BISO Swap.

Remember to verify that these wallets support BISO Swap before transferring your tokens. Also, it is crucial to follow best security practices like maintaining control of your private keys, updating wallet software, and ensuring your assets are stored in wallets from trusted sources. Understanding these factors is integral in safeguarding your digital assets.

How to Store BISO Swap(BISO)?

Should You Buy BISO Swap(BISO)?

Buying BISO Swap (BISO) might be suitable for individuals interested in participating in a decentralized exchange environment that offers governance mechanisms, yield farming, and staking opportunities. This could potentially include:

1. Crypto Traders/Investors: Those willing to engage in the cryptocurrency markets and who understand the volatility and risk associated with such investments. They might find BISO attractive due to its functionality and use within the BISOS wap ecosystem.

2. DeFi Enthusiasts: Users already familiar with Decentralized Finance (DeFi) concepts, such as liquidity provision, yield farming, and staking, might be interested in BISO's integrated functionalities.

3. Blockchain Innovators: Those interested in the broader potential of blockchain applications and decentralized governance may consider purchasing BISO to directly engage in the platform's decision-making processes.

As for professional advice:

- Perform Adequate Research: Thoroughly investigate BISO Swap's use case, project team, technology, and market position before investing.

- Understand the Risks: Cryptocurrencies are highly volatile and can decrease in value as rapidly as they can increase. Potential loss of investment is a real possibility in severe market downturns.

- Security First: Store BISO in a secure wallet, and ensure to back up your private keys or recovery phrases. Avoid sharing sensitive information related to your wallet.

- Legal and Regulatory Compliance: Before investing, individuals should understand their country's cryptocurrency regulations and ensure they are adhering to them. Some regions may have restrictions or guidelines for purchasing, storing, or transacting in cryptocurrencies.

- Consider Professional Advice: If uncertain, potential investors should consider seeking advice from a financial advisor experienced in cryptocurrency investments.

Overall, purchasing BISO, like any investment, should coincide with the individual's financial goals, risk tolerance, and investment portfolio. It's important to remember that the value of BISO, like all cryptocurrencies, can fluctuate, and past performance is not indicative of future results.

Conclusion

As a native token of the BISO Swap platform, BISO Swap (BISO) plays a centralized role in governance, liquidity provision, yield farming, and staking. The direct wallet-to-wallet trading functionality and decentralized exchange nature further leverage its use case.

BISO Swap's development prospects rely heavily on several external and internal factors. External factors include the overall performance of the cryptocurrency market, regulatory developments in the blockchain space. Internal factors include the platform's ability to ensure continuous security and technological advancements, maintain user interest in yield farming and staking opportunities, and establish a stable and appealing governance model.

As with any cryptocurrency, the potential for monetary gain through appreciation or other means like yield farming exists, given market conditions are favourable. However, the inherent risks associated with cryptocurrency investments, such as high volatility and potential complete loss of investment, should not be overlooked. Therefore, any decision to invest in BISO Swap should be carefully considered, thoroughly researched, and ideally discussed with a financial advisor.

FAQs

Q: What's BISO Swap's functions as a decentralized exchange?

A: BISO Swap acts as a decentralized exchange platform, enabling wallet-to-wallet trading of digital assets without the intervention of an intermediary.

Q: What specific features does BISO Swap offer apart from being a cryptocurrency?

A: Apart from its role as a cryptocurrency, BISOSwap provides features such as yield farming, staking functionalities, and decentralized governance of the platform.

Q: Can BISO Swap transactions be traced back?

A: Leveraging blockchain technology's transparent nature, BISOSwap allows all transaction details to be readily visible and traceable.

Q: Which exchanges support the trading of BISO Swap?

A: Exchanges that support BISOSwap include but are not limited to Gate.io and MEXC Global.

Q: Which wallets are compatible with storing BISO Swap?

A: BISO Swap can be stored in various wallets including Token Pocket, Unisat Wallet, and OKX Wallet.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

BISO Market

User Reviews

More

10 ratings

Participate in evaluation
ReyZaL
The problem-solving potential of the BISO Utility is lacking, with limited practical applications and market demand. The team lacks transparency and experience, hindering development and user adoption. Community sentiment is mixed, with concerns about security and regulatory uncertainties. Overall, BISO Utility faces challenges in differentiating itself and achieving long-term success.
2024-07-19 09:17
0
Kenny Cheong
The community communication lacks depth and engagement, leaving much to be desired. Emotions are high but constructive dialogue is lacking, hindering growth and progress.
2024-06-14 13:27
0
Her Manto
The economic model of BISO Tokenomics lacks long-term sustainability, with questionable distribution and inflation factors. Limited market potential and weak fundamentals.
2024-06-10 13:25
0
Nutthpan Net
The scalability of the technology is lacking in key areas, hindering its potential for widespread adoption and practical use. The team's expertise and track record are also questionable, raising concerns about the project's long-term success. Overall, there are significant flaws that need to be addressed for this cryptocurrency to truly stand out in a competitive market.
2024-05-31 12:05
0
M.hafiz
Disappointing findings in the latest security audit reports for BISO, lacking credibility and undermining trust in the project.
2024-04-19 16:23
0
ChongHang Lee
The team behind this project demonstrates expertise, transparency, and a solid track record. Their commitment to innovation and community engagement is commendable.
2024-06-16 12:53
0
Phú Lê
This cryptocurrency shows great potential in solving real-world problems and meeting market demand. The team's experience, reputation, and transparency also inspire confidence. The strong community support and active development further enhance its appeal.
2024-04-29 10:07
0
s.wei_elys
Incredible transparency and trustworthiness, BISO Team's communication is top-notch. Their honesty and openness set a new standard in the industry.
2024-07-26 13:29
0
Eddy Tok
- "Strong team with a proven track record, transparent and experienced. The project shows potential in solving real-world issues and has a stable token economy. Solid community support and engagement, but faces tough competition in the market. Historically volatile prices but with promising long-term potential.
2024-06-03 16:42
0
chong
The team behind this project is incredibly transparent, with a proven track record and a strong reputation. They have a high level of expertise in the field and are highly regarded within the community. Their communication with users is open and honest, creating a strong sense of trust and support.
2024-05-28 10:00
0