Liquidity providers deposit funds into Biswap and receive trading fees from traders (supply-side fees).

Biswap is a non-custodial exchange protocol built on BNB chain. Biswap was founded by an anonymous team and launched in 2021.

BSW tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). Biswap’s investors include Binance Labs.

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Exchanges (DEX)

Biswap

# Biswap Maximum token supply Methodology

## 1. Overview

The Biswap token supply maximum metric represents the theoretical maximum number of BSW tokens that can ever exist according to the protocol's tokenomics design. This is a static configuration metric set at 700,000,000 tokens, established at the protocol's launch. The metric answers the business question: "What is the hard cap on BSW token supply?" This value serves as a reference for calculating token inflation rates, market capitalization limits, and understanding the protocol's monetary policy.

## 2. Data sources

This metric relies on protocol specification data rather than blockchain transaction data:
- **Protocol documentation**: Official Biswap tokenomics specifications defining the maximum token supply
- **Token contract specifications**: Smart contract parameters that enforce the supply cap
- **Project launch information**: Official protocol launch date and timing

## 3. Step-by-step calculation

### Component A: Maximum supply configuration
- **Purpose**: Establishes the hardcoded maximum token supply value and protocol launch timing
- **Logic**: The maximum supply is set as a fixed value of 700,000,000 BSW tokens based on the protocol's tokenomics design. The launch timestamp is established as July 4, 2021 at 00:00:00 UTC, marking when this supply cap became effective. The metric uses daily granularity to provide consistent daily reporting.
- **Key fields**: `timestamp` (protocol launch date), `timestamp_grain` (daily), `token_supply_maximum` (700,000,000 tokens)

### Final aggregation
- **Combining components**: No combination is needed as this is a single static value
- **Currency conversion**: Not applicable - this metric represents token count, not monetary value
- **Time aggregation**: The `fill_forward` strategy propagates the same maximum supply value to every day from the launch date forward, creating a consistent daily time series
- **Final calculation**: The final metric value is exactly 700,000,000 BSW tokens for every day since July 4, 2021, representing the unchanging theoretical maximum supply according to the protocol's design

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

BiswapBSW

Maximum token supply

Maximum token supply

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