Using Biswap Launchpools to generate passive income is a less resource intensive alternative to mining. It allows users to utilize their tokens to gain free tokens.
Biswap website: www.biswap.org
This guide is intended to help you start using the auto compound function as quickly as possible. With the aim of being able to start generating passive income today. For this reason, the other functions on Biswap are not covered.
Note: you must have pre-purchased BSW tokens before you follow this guide.
Necessities
BNB coins – is used for buying BSW tokens and paying fee's.
Wallet – Connect with the Biswap platform to sends and receives your coins.
Useful to know
Stake BSW launchpools - allows you to stake BSW tokens to earn BSW or other qualifying tokens.
Stake Tokens launch pools - lets you earn BSW by staking qualifying tokens.
You can easily swap your BNB to BSW on the Biswap platform. This does not necessarily have to be done via PancakeSwap. BSW is Biswap's own token and is used for many purposes. See 'Exchange' in the menu on the Biswap platform.
Please don't forget to connect your wallet to the Biswap Platform. To do this, click on 'Connect wallet' at the top right of the screen. Then choose your wallet. It is possible that Trust Wallet users have to connect using 'WalletConnect'.
Auto Compound in short
When you use auto compound on Biswap, every 5 minutes your winnings are automatically added to your deposit. As a result, your investment grows constantly without you having to do anything. Because of this constant growth of the initially invested amount, you gain more profit. keep in mind that the price of a token can fluctuate.
Use Auto Compounding on Biswap
1. Navigate to the Stake Biswap Launchpool tab. And search for 'Auto Compound' option.
2. Click Approve BSW and sign the Signature Request notice from your wallet.
3. Press the Plus (+) button.
4. Enter the number of BSW tokens you want to stake and click Confirm. Sign the Signature Request notice from your wallet.
5. Good job on staking your first BSW; now you may adjust the amount by pressing the Plus (+) or Minus (-) keys.
You can withdraw your earnings and staked tokens by clicking the Minus button (-).
Percentages Change in APR and APY
The APR and APY percentages are fluid and are determined by the amount of funds locked in the specific Biswap Launchpool. When Biswappers invest in Launchpools, the APR and APY percentages fall. It is determined by the total amount staked in them, which implies that the APR and APY percentages may fluctuate if a certain Launchpool is in great demand.
Finally
Thank you for reading my guide. I hope you find it informative and are confident to get started on your own. Please click here to easily acces the Biswap website. I wish you the best of luck.
Twitter: @DefiMasterChef
A BIG thank you for using my referrals: https://linktr.ee/cbclub
The images used in my guide are from the Biswap website.
