Some of the biggest challenges new crypto projects face are funding and user acquisition. Raising enough money for development and marketing is a real challenge for most crypto founders.
And that’s why most foundations and the more established crypto projects organise funding campaigns and grant programs to encourage budding projects.
One such funding campaign is the Biswap Global Incentive Program which we will discuss in detail below, but first…
What is Biswap?
Biswap is a leading decentralised exchange on the BNB Smart Chain (BSC) best known for having the lowest fees, a unique multi-type referral program, trading fee reimbursements, and the most lucrative investment opportunities.
The exchange allows you to trade BEP-20 tokens on BSC and offers several unique products or features such as multi-reward pools; an NFT launchpad, staking, games, and marketplace; fixed staking; etc.
Check out my Biswap review to learn everything you need to know about the project.
The Biswap Global Incentive Program (GIP)
The Biswap Global Incentive Program offers both funding and a wide variety of growth opportunities for new and existing projects building on BSC to benefit from.
The program was launched on September 13, 2021, and was recently updated on August 30, 2022, with a $10,000,000 fund to support upcoming or existing projects on BSC.
The aim is to provide funding to these projects and build collaborative relationships that will help them move to the next level of development, growth, and expansion.
Benefits of the Biswap Global Incentive Program
The Biswap GIP offers you a dozen unique and lucrative benefits that will make you want to apply immediately if you’re a builder on BSC.
Let’s discuss them below.
1. Up to 100% trading fee reimbursement
When you encourage your users to trade your token on Biswap, you can get up to 100% of the trading fees generated.
2. Earn 75% of the trading fees generated from your pool
One of the first conditions for participating in the Biswap GIP is to add the initial liquidity for your token on Biswap.
Then as a Liquidity provider, you’ll earn a special 75% of the trading fees generated from your pool.
3. Get connected directly with the official Biswap team
You get a direct line of communication with the official members of the Biswap team that you can always discuss your questions and ideas.
4. Official listing of your token
An official listing means your token will be easily searchable on Biswap using just your token name or ticker plus an opportunity to be included in the fee return promotion in the future.
5. Up to 20% swap referrals
By referring your users to trade your token on Biswap using your referral link, you open up another opportunity to earn a passive income of up to 20% of all trading fees they generate, paid in BSW.
That’s not all, the Biswap multi-type referral program also allows you to earn up to 5% of your referrals Fams and Launchpools rewards as well as 2% of their lottery ticket purchases.
Furthermore, you can go a step further by participating in the Biswap Space Agents Program (SAP) to earn up to $2500 every month in addition to the referral commissions.
6. Get your token in the Biswap Launchpool and Double Launchpool
By distributing your token to BSW holders through the Biswap Launchpool and Double Launchpool features, you can easily reach a larger audience, acquire new users, boost the number of your token holders, etc.
The GIP opens this possibility for you and your project to expand aggressively and reach more active DeFi users and investors on BSC.
7. Marketing
The Biswap GIP grants you access to the over 500K Biswap social media audience through multiple joint marketing collaborations.
This includes strong marketing and publicity support for your token listings, Launchpools campaigns, Farms, etc on the various Biswap social media channels and website homepage.
8. Get a Farming pair
A Biswap Farm will allow users to stake their LP tokens to earn BSW, and as a GIP participant, you’re eligible to get one for your token.
This will help you to quickly boost liquidity and the number of long-term investors in your token accordingly.
9. More partnership opportunities
Biswap is a major project on BSC and even Binance, through the Binance Labs has invested in them.
Therefore, they command respect and have several prominent partners on BSC that they can link you with whenever the need arises.
Thus giving you the much-needed leverage and connections to expand your project’s ecosystem smoothly and rapidly.
10. Extend the 100% trading fee reimbursement duration
The standard duration for the 100% trading fee reimbursement mentioned earlier is 12 months.
However, you can extend it by providing liquidity and referring your users to trade your token exclusively on Biswap.
11. Trading competition
Biswap can help you boost your token’s trading volume through trading competitions.
A high trading volume will help you to easily get listed on CoinGecko, CoinMarketCap, and other crypto market data aggregators.
Thus helping to accelerate your project’s expansion and boost your development progress.
12. Use of Biswap IDO platform
If you decide to launch a second token in the future, Biswap offers you the opportunity to use its IDO platform.
Levels of the GIP
There’re 3 levels in the Biswap Global Incentive Program, each with different benefits and opportunities to boost your project’s development.
These are the: Basic, Expanded, and Advanced levels; discussed below.
1. Basic level
To participate at this level, you’re only required to provide a total of $100,000 in liquidity for your token on Biswap and include a “Buy on Biswap” button on your website.
This will afford you a strong connection with the Biswap team and up to 100% trading fee reimbursement.
However, you will not get any marketing or publicity support from Biswap at this level.
2. Expanded level
At the expanded level, you’re required to provide initial liquidity of $100,000 to $200,000 in total, add a “Buy on Biswap” button on your website, and get a “security audit”.
The recommended audit companies include Certik, Hacken, PeckeShield, SolidProof.io, and Cyberscope.
Furthermore, the quality of your project or website, your competitive advantage(s), community, tokenomics, roadmap, previous collaborations, etc, are also considered for acceptance into this level of the GIP.
3. Advanced level
This is the highest level of the Biswap GIP and it requires you to provide a starting liquidity of $200,000 in total, add a “Buy on Biswap” button on your site, cross-integrate with Biswap, and get a security audit from either Certik, Hacken or Peckshield.
This will afford you a long-term cooperation with Biswap, up to 100% trading fee reimbursement with extension, various integrations, and access to Biswap top partners.
Other requirements to be considered include the quality of your project or website; the purpose of your project and your competitive advantage(s); platform mechanics; community, tokenomics, roadmap, previous collaborations, etc.
How to join the Biswap GIP
There’re 3 steps to joining the Biswap Global Incentive Program. They are:
1. Provide the initial liquidity for your token on Biswap
The first step to getting into the Biswap Global Incentive Program is to provide liquidity for your token on Biswap.
The amount of liquidity you have to provide will depend on the level of the program that you want to join.
For this, you’ll earn 75% of the trading fees your pool generates in addition to the up to 100% fee reimbursement. And together, you can earn up to the whole 0.2% in trading fees that the platform charges.
2. Add the “Buy TOKEN” button to your website
The next step is to add a “Buy YOURTOKEN” button on your website which links directly to your token’s trading page on Biswap.
If your button links exclusively to Biswap, you will earn up to 100%, 50%, or 10% fee reimbursement for the first 3 months, 4th to 6th months, and 7th to 12th months respectively.
However, if you have multiple buttons linking to Biswap and other exchanges, you will earn up to 50%, 25%, or 5% for the first 3 months, 4th to 6th months, and 7th to 12th months respectively.
3. Fill and submit the application form
The final step is to fill out and submit the application form.
Once done, Biswap will review your project and if you pass, you’ll be contacted accordingly.
This initial review is said to include a general assessment and analysis of your project, and to see if you met the required conditions.
Learn more about Biswap
That’s all about the Biswap Global Incentive Program.
If you have any questions that are not already answered in this article and referenced resources, you can contact the Biswap team at [email protected].
Furthermore, you can join the Biswap social media and local communities to learn more about the project and stay updated on the latest developments.
Conclusion
The Biswap Global Incentive Program allows you to build synergy between your project and Biswap for mutually beneficial results.
In this post, we’ve discussed the benefits, levels and process of joining the Biswap GIP.
The requirements are pretty simple:
- Have a reasonably useful or secure product and a healthy project ecosystem
- Provide liquidity for your token on Biswap
- Direct your users to trade your token on Biswap with a button on your site.
- Fill out and submit the application
That’s it.
Are you ready to boost your project with the Biswap Global Incentive Program? Then click here to apply now.