# Biswap Tokenomics

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* **Ticker Symbol:** [BSW](https://biswap.org/bsw_token)
* **Chain:** BNB Chain (BEP-20)
* **Max Supply:** 700 000 000 BSW tokens
* **Start of Supply:** from 10 000 000 BSW tokens (allocated for the initial liquidity, marketing, and strategic partnership purposes)
* **BSC Contract Address:** 0x965f527d9159dce6288a2219db51fc6eef120dd1
* **BSW Contract Address on Ethereum/Arbitrum/Base:** 0x66e09ec17629574A0CC8abc480b0c2572fcd6985

Out of these 10 000 000 tokens, 400 000 BSW tokens were used to secure the initial liquidity. This is done to ensure our users can make exchanges and experience all the features of the platform from the very beginning.

## Distribution of Tokens

The \~600 million BSW that were emitted over the life of the protocol were allocated as follows:

* **Farms / Launchpools:** 80.7% per block
* **Referral Program:** 4.3% per block
* **SAFU:** 1% per block
* **Team:** 9% per block
* **Investment Fund:** 5% per block

{% hint style="success" %}
*With the BSW emission now completed, these percentage allocations are historical; no new tokens are being distributed in these categories.*
{% endhint %}

### **What is a Maximum Supply?**

Cryptocurrencies and tokens built on a blockchain have set up algorithmically created release schedules. This means we can accurately predict how many coins will be made by a specific time.

Max supply — the coins/tokens that will be ever produced. As soon as the maximum supply is reached, there will be no more of these coins or tokens minted.

{% hint style="success" %}
*The maximum supply of BSW tokens is **700 000 000***
{% endhint %}

### W**hat is a Total Supply?**

Total supply — tokens/coins that exist now. They can be in circulation or somehow locked.

**The formula for calculating is quite simple** 🔽

{% hint style="success" %}
*The sum of tokens/coins that were already mined (or issued) MINUS the total of coins that were burned or destroyed = **Total Supply***
{% endhint %}

### W**hat is a Circulating Supply?**

Circulating supply — the tokens/coins that are publicly available and circulating in the market. It is possible for a cryptocurrency circulating supply to increase or decrease over time.

**The formula for calculating** 🔽

{% hint style="success" %}
***Total supply** MINUS the **Reserve Fund** (Team, NFT Earn, Investment Funds, Fee Return Rewards) = **Circulating Supply***
{% endhint %}

### W**hat is Market Capitalization?**

Market Capitalization (or Market Cap) in the blockchain industry refers to a measure of cryptocurrency market size or, in other words, the crypto asset's value.

**The formula for calculating** 🔽

{% hint style="success" %}
***Calculating Supply** MULTIPLY BY **the price** of the crypto asset = **Market Cap***
{% endhint %}

Use the [**CoinMarketCap**](https://bit.ly/3PhoIZd) website to track and analyze BSW conditions on the market.


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