Burger Swap (BURGER) is a democratized, decentralized automated market maker (AMM) hosted on the Binance Smart Chain (BSC). It operates solely through smart contracts, combining rates and prices from leading DEXs and CEXs to provide users with the best available rates for digital assets. The BURGER token offers governance and voting capabilities, allowing users to influence system parameters and participate in the platform's development.
Burger Swap (BURGER) is a utility token that serves several purposes within the BurgerSwap ecosystem. Here are some of the key uses of BURGER:
Transaction Fees: BURGER tokens are used to pay transaction fees on the platform, making it a fundamental part of the ecosystem's operations.
Trading: BURGER tokens can be traded on various exchanges, allowing users to buy and sell them.
Staking: Users can stake BURGER tokens to earn rewards, which is a popular DeFi activity on the platform.
Voting and Governance: BURGER token holders have voting rights, enabling them to participate in the governance of the platform and make decisions on its future development.
Liquidity Provision: Users can provide liquidity to the platform and earn BURGER tokens as rewards, which helps maintain the liquidity pools.
Gaming and Social Activities: BURGER tokens are also used in gaming and social activities within the platform, enhancing user engagement and community interaction.
These diverse uses make BURGER a versatile token that supports the various functions and services offered by BurgerSwap.
To store Burger Swap (BURGER) tokens, you can use compact storage solutions such as Burger Tokens tuckboxes. These tuckboxes are designed to store tokens in a way that makes it easy to grab specific characters. They can be used in combination with trays and dividers to maximize storage efficiency.
To buy Burger Swap (BURGER) tokens, follow these steps:
Using CoinEx- Register or Log In: Create an account on CoinEx or log in if you already have one.
- Deposit Fiat or Crypto: Fund your CoinEx account using various deposit options.
- Exchange Paired Tokens for BURGER: Navigate to the trading page, select the BURGER trading pair that corresponds to your deposited token (e.g., BURGER/USDT if you deposited USDT).
- Buy/Trade BURGER Tokens: Specify the desired number of BURGER tokens and exchange the paired token for BURGER.
- Buy Stablecoins: Purchase stablecoins like USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers.
- Transfer Crypto to Trading Account: Transfer your crypto to a KuCoin Trading Account.
- Find BURGER Trading Pairs: Locate the BURGER trading pairs in the KuCoin spot market.
- Place an Order: Exchange your existing crypto for BURGER using market orders or limit orders.
- Create a Web3 Wallet: Tap on Wallet on your homepage and select Burger Swap via the mainnet list on the top right-hand corner.
- Buy BURGER via Crypto Wallet: Use your Web3 wallet to purchase BURGER tokens.
You can also buy BURGER tokens on other exchanges such as Binance, WazirX, and BurgerSwap itself. Each exchange has its own specific steps and requirements, so be sure to follow their guidelines.
Burger Swap (BURGER) is a democratized, decentralized automated market maker (AMM) hosted on the Binance Smart Chain (BSC). It was launched in September 2020 and operates solely through the use of smart contracts, without the control of any centralized authorities. This cross-chain aggregator combines rates and prices from leading decentralized exchanges (DEXs) and centralized exchanges (CEXs), allowing users to access any digital asset or transfer funds between any chains with the best prices on one platform.
The platform was designed to solve issues typically encountered on exchanges running on the Ethereum blockchain, such as slow transaction speeds and high gas fees. Binance developed an ETH-BSC bridge, which allowed users to swap their ERC-20 tokens on the BSC.
Burger Swap uses the ERC2917 EIP proposal, which enables a swapping mechanism with democratic procedures. This allows the entire BurgerSwap community to change system parameters through a transparent voting module. The BURGER token offers various benefits, including allowing users to create proposals, influence the adjustment of transaction fees, block rewards, and other system parameters of the Burger Swap exchange through governance and voting.
The BurgerSwap decentralized governance system was designed to prevent control by any centralized entity and functions with the combined efforts of the community. Token holders can vote to alter exchange parameters such as trading fees, mining speed, and staking rewards.
In terms of security, Burger Swap uses the same security processes as the Binance Smart Chain, which is known for its robust security features. The governance model also includes measures to prevent the listing of suspicious token projects through a community voting process.
Burger Swap (BURGER) is a decentralized finance (DeFi) platform that operates on the Binance Smart Chain. It is a cross-chain aggregator that combines rates and prices from leading decentralized exchanges (DEXs) and centralized exchanges (CEXs), allowing users to access any digital asset and transfer funds between chains seamlessly.
Key Features- Cross-Chain Aggregation: Burger Swap integrates liquidity from various DEXs and CEXs, ensuring users get the best prices for their transactions.
- Switch Protocol: This protocol enables cross-chain transactions by generating unique order numbers for each transaction. It charges a bridge fee of 0.3%, which is distributed between liquidity providers and the treasury.
- Governance Token: BURGER is the native governance token, used for voting on proposals and updates to the protocol. It also provides liquidity rewards and is used for in-game trading in the BurgerCities metaverse.
BurgerCities is an extension of Burger Swap, integrating DeFi and non-fungible tokens (NFTs) into a metaverse environment. Users can engage in various activities like socializing, gaming, and trading NFTs while experiencing DeFi features. The metaverse allows users to purchase and manage digital land, rent it out, and participate in in-game activities.
Tokenomics- Total Supply: There are 21 million BURGER tokens.
- Distribution: 40% of rewards go to liquidity providers, 30% to governance participants, and 30% are burned.
- Use Cases: BURGER tokens are used for transaction fees, trading, staking, voting, and gaming.
- Staking Options: Users can stake BURGER and other tokens to earn rewards.
- Reward Distribution: Rewards are distributed based on the staked tokens, with xBURGER and USDT being common rewards.
- Trading Pairs: BURGER can be traded with various cryptocurrencies like USDT, BUSD, BNB, and ETH.
- Liquidity Provision: Users can provide liquidity to earn BLP tokens, which can be staked for additional rewards.
- Voting Rights: BURGER token holders have voting rights to influence the direction of the project.
- Proposal Submission: Users can submit proposals for changes to the protocol, with voting power determined by the number of tokens held.
Overall, Burger Swap (BURGER) is a comprehensive DeFi platform that offers a range of features, from cross-chain transactions to metaverse gaming, all centered around its native governance token.
The token Burger Swap (BURGER) has several strengths that contribute to its value and utility:
Governance and Voting: BURGER token holders have the right to vote on proposals and participate in governance, allowing them to influence the development and direction of the platform.
Low Transaction Fees: BurgerSwap operates on the Binance Smart Chain, which offers low and fixed transaction fees, making it more cost-effective compared to other platforms like Ethereum.
Fast Block Confirmation: The Binance Smart Chain has a fast block confirmation time of around 3 seconds per block, making it one of the fastest in the blockchain world.
Cross-Chain Aggregation: BurgerSwap combines rates and prices from leading DEXs and CEXs, allowing users to access any digital asset or transfer funds between any chains with the best prices on one platform.
Decentralized Governance: The platform's governance system is designed to prevent control by any centralized entity, ensuring that the community has a significant say in decision-making.
Multi-Use Token: The BURGER token has various uses, including paying transaction fees, trading, staking, voting, and gaming, which adds to its value and utility.
- Metaverse Integration: BurgerSwap has expanded into the metaverse with BurgerCities, which integrates DeFi, NFTs, and gaming, offering a broader range of activities and opportunities for users.
These strengths contribute to the token's value and make it an attractive option for investors and users.
Burger Swap (BURGER) carries significant financial risks due to its high volatility and the inherent uncertainties of the cryptocurrency market. Here are some key risks to consider:
Market Volatility: BURGER's price can fluctuate rapidly, leading to potential losses for investors. The token's value can be influenced by various factors such as market sentiment, regulatory changes, and global economic conditions.
Liquidity Risks: BurgerSwap's liquidity model, which does not use liquidity provider (LP) tokens, aims to mitigate the risk of liquidity migrating to other protocols. However, this model is still subject to risks associated with liquidity provision and market conditions.
Security Risks: BurgerSwap has faced security breaches in the past, such as the flash loan attack in May 2021, which resulted in significant losses. Such attacks can compromise the integrity of the platform and impact investor confidence.
Regulatory Risks: Changes in regulatory environments can impact the value and usability of BURGER. As the cryptocurrency market continues to evolve, regulatory frameworks may become more stringent, affecting the token's value and adoption.
Investment Risks: Investing in BURGER carries inherent risks, including the potential for significant losses. It is crucial for investors to thoroughly research the token, understand its risks, and invest only what they can afford to lose.
Governance Risks: BurgerSwap's governance model, which relies on community voting, can be influenced by various factors, including the distribution of BURGER tokens and the interests of different stakeholders. This can lead to conflicts and impact the platform's direction.
Token Supply Risks: The capped supply of BURGER tokens can lead to inflationary pressures if the token's value increases significantly. Additionally, the community's ability to vote on changes to the token supply can introduce uncertainty and potential risks.
Partnership and Integration Risks: BurgerSwap's partnerships and integrations, such as the one with StarryNift, can impact the token's value and adoption. If these partnerships fail to deliver expected results, the token's value may be negatively affected.
Investors should carefully weigh these risks against the potential benefits of investing in BURGER and ensure they have a thorough understanding of the token's ecosystem and market dynamics.
- Burger King: The anonymous founder of BurgerSwap, known only by the pseudonym "Burger King," who has been involved in the project's development and has communicated with the public through Medium posts.
- Jason: The only developer who has made commits to the code on GitHub, suggesting that Jason is a key technical contributor to the project.
- Tony Carson: One of the initiators of the ERC-2917 proposal, which BurgerSwap is based on, but it is unclear if he is directly involved in the project.
- Dr. Mehmet Sabir Kiraz: Another initiator of the ERC-2917 proposal, and a Program Leader of UG Cyber, but his direct involvement in BurgerSwap is unclear.
- Dr. Suleyman Kardas: The third initiator of the ERC-2917 proposal, but his direct involvement in BurgerSwap is unclear.
- Ryan Fang: An advisor to BurgerSwap, who is also a co-founder of Ankr and a co-initiator of Bounce.Finance, both of which have connections to the Binance ecosystem.
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