About Burger Swap (BURGER)
Burger Swap (BURGER) Launched in September 2020, Burger Swap is one of the first democratized, decentralized automated market makers (AMMs) on the Binance Smart Chain (BSC). It was built without the control of any centralized authorities through the use of smart contracts. Burger Swap is based on the DEMAX decentralized Binance platform; it enables a swapping mechanism with democratic procedures that allows the community to change system parameters through transparent voting.
Burger Swap (BURGER) token staking allows any user to create proposals and influence the adjustment of transaction fees, block rewards and other system parameters of the Burger Swap exchange via voting. The Burger Swap decentralized governance system was designed to prevent control by any centralized entity. Users are rewarded with BURGER tokens for creating liquidity, staking and voting within the governance system.
Burger Swap (BURGER) is decreed to be the first democratized decentralized AMM on Binance Smart Chain, built without the control of any centralized entity, through smart contracts. has been developed based on the DEMAX decentralized finance platform built on Binance Smart Chain, enabling a swapping mechanism with democratic decentralized mechanics which allows changing parameters by the community through transparent voting. With BurgerSwap, it could become possible for any user to create proposals to adjust transaction fees, block rewards and other system parameters of the exchange, and any user staking BURGER tokens can vote to pass or reject a proposal.
Burger Swap (BURGER) decentralized governance system cannot be managed and controlled by any centralized entity. Users are said to be rewarded with BURGER tokens as long as they create liquidity, stake and vote in the governance system. Use at your own risk and always remember to DYOR. Burger Swap is an implementation of ERC-2917 founded by Tony Carson and Drs. Mehmet Sabir and Suleyman Kardas. Its main aim is to improve on Uniswap through altering the incentive and governance models.
Burger Swap (BURGER) Storage Key Points
|Coin Name||Burger Swap|
|Circulating Supply||12,231,953.51 BURGER|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What Makes Burger Swap Unique?
Burger Swap (BURGER) An automated market maker is a type of decentralized exchange (DEX) that uses mathematical formulae and game theory to price assets. Burger Swap is a decentralized AMM on the BSC network. The Burger Swap Bridge has the ability to swap coins from the Ethereum (ETH) network’s ERC-20 standard to the BSC’s BEP-20 standard — and vice-versa — at low fees. It allows Ethereum users to seamlessly migrate to the BSC network and enjoy its low transaction fees and fast block times.
Burger Swap was designed as a democratic and decentralized exchange with compulsory governance. BURGER token holders can vote to alter the exchange parameters such as trading fees, mining speed, staking rewards and others. All tokens available on Burger Swap have a BNB and a BURGER trading pair. The BURGER pair is used to generate liquidity for the BURGER token and BNB is the native token of the BSC network.
Burger Swap (BURGER) When a new project wants to get listed on Burger Swap, the exchange charges it with a listing fee and allows the community to approve or reject the listing via a vote. All of the listing fees are added to a pool and shared among BURGER holders that participate in voting at least once per week.
What Is Yield Farming?
Burger Swap (BURGER) Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency. This innovative yet risky and volatile application of decentralized finance (DeFi) has skyrocketed in popularity recently thanks to further innovations like liquidity mining. Yield farming is currently the biggest growth driver of the still-nascent DeFi sector, helping it to balloon from a market cap of $500 million to $10 billion in 2020.
In short, yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract-based liquidity pool. These incentives can be a percentage of transaction fees, interest from lenders or a governance token (see liquidity mining below). These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns rise in value.
BURGER Price Live Data
The live Burger Swap price today is $5.30 USD with a 24-hour trading volume of $8,745,391 USD. Burger Swap is up 2.90% in the last 24 hours. The current CoinMarketCap ranking is #383, with a live market cap of $64,869,737 USD. It has a circulating supply of 12,231,954 BURGER coins and a max. supply of 21,000,000 BURGER coins. If you would like to know where to buy Burger Swap, the top exchanges for trading in Burger Swap are currently Binance, Hoo, Bithumb, MXC.COM, and BurgerSwap. You can find others listed on our crypto exchanges page.
How Many Burger Swap (BURGER) Coins Are There in Circulation?
Burger Swap (BURGER) has a circulating supply of 11,988,402 BURGER and a maximum supply of 21,000,000 BURGER as of March 2021.
How Is the Burger Swap Network Secured?
Burger Swap employs a voting process to prevent the listing of suspicious token projects. It runs on the Binance Smart Chain, a blockchain with fast block times and a focus on decentralization.
Where Can You Buy Burger Swap (BURGER)?
Burger Swap (BURGER) can be traded on the following exchanges:
Social Burger Swap Price Estimates
Burger Swap (BURGER) BETAThis feature is in beta testing. Place your estimates for next 6 months and see what other’s are thinking about it. Data displayed are based on user input compiled by CoinMarketCap. The cut-off for estimates for each month-end is on the 21st of each month.’
Burger Swap (BURGER) Blockchains come with several security benefits:
1. Information is stored in a distributed fashion over many nodes; no single point of failure exists that can be compromised.
2. Replicating information across nodes makes it accessible 24/7, ensuring high reliability.
3. The use of cryptography makes blockchains tamper-proof. By linking transactions to each other, changing transaction data becomes difficult.
Burger Swap (BURGER) Blockchains build trust without the need for trusted third-parties. This disintermediation helps to streamline operations and saves time and money. Through the use of smart contracts, manual labor can be automated and tasks become programmable.