BisoSwap will conduct the first IDO of $BISO on the official website

BisoSwap
6 min readMay 10

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BRC-20 is the next trend. It has already reached a $300M+ market cap within just 2 months of launch. But still way too much smaller than ERC-20’s marketcap, making it an early opportunity for invest.

The phenomenon BRC-20 tokens has arrived on Bitcoin blockchain Just like in the days of Ordinals NFTs, early users are already earning fortunes.

All in all, the Ordinals ecosystem is still in its infancy, and the ecosystem has infinite room for imagination for players.

Some communities even believe that Ordinals’ current stage is similar to the 21-year NFT period, with its core liquidity replacement medium being BTC. As tokens and ‘inscription’ products increase on this ecosystem, users and investors will flock to it, and it may even become the next emerging track to take off.

The exciting thing is that, BisoSwap is honored to announce that we will hold the project IDO on May 10th UTC 13:00 , let us embrace the opportunity of BRC-20 and enjoy the development dividend.

What is BRC20

On January 20th, the Ordinals show up. The Ordinals Protocol allows you to inscribe any type of file on-chain on Bitcoin. That inscription points to a sat which tracks its ownership so what you end up with is a fully on-chain Bitcoin NFT.

Anybody can mint it for free. All BRC-20 tokens are free mints with no pre-mine. In this example token the “lim” (limit) was set to 1,000 and the “max” (max supply) was set to 21,000,000. So anybody can inscribe a mint JSON which works until 21,000,000 tokens are minted.

Since May, the BRC-20 concept token based on Ordinals ecology has been growing wildly and expanding rapidly amidst the high attention of market users, and a huge wealth creation effect has been formed in just one week’s time.

According to Ordspace data, the current market has about more than 8,800 BRC-20 tokens and the total market cap of BRC-20 related concept tokens has reached $137 million, an increase of 682% from last week.

BRC-20 concept tokens have become a major hot spot in the cryptocurrency market recently, and have almost entered a universal coin offering mode; no doubt, driven by the market enthusiasm and wealth creation effect, this track will also usher in huge incremental volume and unlimited potential.

What is BisoSwap

Bisoswap is the first swap protocol developed to provide liquidity to the BRC-20 ecosystem based on the Ordinal protocol. Bisoswap is dedicated to solving the lack of liquidity in BRC-20 by increasing the liquidity pool for LP transactions and enabling real-time trading. Also, to reduce the complexity of BRC token trading and enable users to buy, sell and add liquidity pools more easily, Bisoswap attempts to bring the BTC network to the use of the LP model for the first time, allowing for more diversified use of BTC assets.

Bisoswap uses the AMM mechanism to bring the first DEX online in the BRC-20 protocol. Bisoswap mentions that users can add LPs using tokens to gain trading liquidity and receive a fee incentive. In the future, it will provide node services for all users to enjoy lower GAS and more convenient trading services.

Why BRC20 Need BisoSwap

The explosion of BRC-20 tokens has certainly driven the activity and emerging value of the BTC network, but new problems have come along with it:

As the variety of tokens and users on the BTC ecosystem grows, problems such as long block-out times, high miner fees, and network congestion on the Bitcoin network will gradually be exposed.

Therefore, the trading market for BRC-20 tokens is also bound to give rise to a large number of on-chain trading products, namely the Ordinal-based Swap application.

Bisoswap was originally created to improve the liquidity of the continuously growing BRC-20 token, which is of course a pressing issue in the development of the BRC-20 ecosystem.

Bisoswap protocol will provide LP trading liquidity pools and real-time trading for the entire BRC-20 token trading market, and will also solve the problem of complex BRC token trading, making it easier for users to buy, sell and add liquidity pools.In addition, the Bisoswap protocol will be the first attempt to bring the BTC network into LP mode, bringing a richer trading experience to users while also helping them diversify their use of BRC-20 assets.

As we all know, one of the core attractions of the BRC-20 concept token is that “the token is completely fair-launched, with no dealer”.In the long run, what the BRC-20 concept token needs is not a large number of shelves on decentralized exchanges, but access to a more convenient way to trade on-chain.

In short, the BRC-20 ecology has already started to generate a large amount of demand for Swap, and in the future, as the BRC-20 concept tokens blow up, user demand for brc-20 ecological layer Swap will also show explosive growth.

As a pioneering product on this track, Bisoswap will also receive a strong influx of traffic and room for development in the future. When the BRC-20 track starts to grow explosively, Bisoswap is the next uniswap.

How to trade in BRC20

Learn about the technical architecture of BisoSwap through the thread

Step1: Add liquidity

Step2: Swap

Step3: Remove liquidity

$BISO IDO Key Parameters

IDO Platform: bisoswap.com

IDO Mode: Overflow

IDO Time: May 10th UTC 13:00 — May 12th UTC 13:00

IDO Whitelsit Sale Time: May 10th UTC 13:00 — May 11th UTC 1:00

Whitelsit Sale Quota: 0.00036 $BTC — 0.072 $BTC (30% of IDO, 3.22 $BTC)

IDO Pubilc Sale Time: May 11th UTC 1:00 — May 12th UTC 13:00

Public Sale Quota: 0.00036 $BTC — 0.72 $BTC (70% of IDO, 7.5 $BTC)

Amount of $BTC allocated to IDO: 10.72 $BTC (60% of $BISO total supply)

Total raise: 126,000,000 $BISO

Release Schedule: 100% of the tokens will be released immediately when IDO End (TGE: 100%)

$BISO Token Distribution

The total supply of $BISO token is 210,000,000

60% For IDO: 126,000,000(White list for 30%, Public for 70%)
30% For Farm: 63,000,000
10% for CEX Reserve Fund: 21,000,000

BisoSwap Official Link

Website: https://bisoswap.com
Twitter: https://twitter.com/bisoswap
Telegram: https://t.me/BisoSwap
midium: https://medium.com/@BisoSwap
Whitelist application: https://forms.gle/HyyTeiMCveRkcBHn7

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BisoSwap

Based on the Ordinal protocol, provides liquidity for BRC-20 and simplifies trading complexity