BW (formerly known as Biwang in Chinese) is an exchange launched in January 2017. Registered in Australia, BW Exchange strives to provide users with professional, secure, and convenient digital asset trading, leveraged finance, and contract trading services. It is a leading global digital asset derivatives trading platform. BW is also known as "Biwang" in the industry.
BW Brand
The "B" in "BW" stands for Bit, the smallest unit of information in the digital world, representing blockchain technology and digital assets led by Bitcoin. The "W" has two meanings: one is World, representing BWs vision of creating a diversified, autonomous community that connects digital asset production, appreciation, and circulation. The second is Wealth, symbolizing BWs aspiration to share its development achievements with platform users and investors through innovative business models, leading technology, and global community participation.
In 2017, BW underwent a significant transformation. Collinstar Holding, an Australian company, acquired BW Mining Pool. BW officially became the first community-based POS mining platform and digital asset derivatives trading platform with roots in mining.
Currently, BW receives comprehensive technical support from ZB, one of the worlds largest digital asset trading platforms. ZB boasts over 5 years of experience in trading platform operation and security management. The upgraded BW, as a contract trading platform, will fill the gap in ZBs trading ecosystem and form a core strategic alliance.
BW Platform Token
BWB is a BW platform point issued based on the Ethereum blockchain, adhering to the ERC20 standard. It carries community rights, liquidity, and value. The total issuance of BWB is fixed at 1 billion, and it will never be increased.
BWB is distributed through the "POS mining synchronized release" mechanism. 51% of BWB is returned to community users through the "Trade-to-Mine, Hold-to-Mine, Mine-to-Mine" model. The remaining 49% is allocated to targeted distribution, public distribution, and allocation to BW Fund and the operational team. The BWB allocated for distribution is pre-frozen and gradually unfrozen daily or monthly, in proportion to the mining part, based on the longest duration. BW will continually iterate and innovate its mining models to protect the rights and interests of the community.
BW Listing Standards
To protect investor interests, BW evaluates projects. All projects applying for listing on BW must meet, but are not limited to, the following criteria:
1. The project has a solid technical foundation with a well-developed blockchain application scenario.
2. The team is complete, ensuring the projects long-term maintenance and operation for 3-5 years.
3. Projects that are exclusively launching on the BW platform will be prioritized.
4. Possesses the qualifications and capabilities to issue and operate virtual currencies.
After initial review, the BW team will contact the project party for further communication within 1-2 weeks.
