Review on BurgerSwap by Toprak Dere
About BurgerSwap
Burger Swap; It is a DEFI project with bep20 support developed on binance smart chain. In a way, we can earn burger coins by providing liquidity to people who trade with the tokens and coins we have.
Let's take a closer look at BurgerSwap's management key points.
Mining rewards for liquidity providers (Burgers)
Since BurgerSwap is built on Binance Smart Chain, all tokens will have BNB pairs.
The transaction fees are set at 0.3% on the first day. All transaction fees are converted to BURGER and sent to the governance pool. To be eligible to claim your share of transaction fees, you must: Deposit BURGER tokens and participate in Voting (weekly)
Mining rewards
It is the adoption key for an application to grow. User incentives can be accelerated or slowed down through voting to ensure fair distribution to token holders and miners, thus ensuring healthy growth of the protocol.
Pros
- Ease of Use
- swap fee is very low because it uses bsc
- Processing speed is too high due to bsc
Cons
- One major flaw of Swap projects and similar projects is that they don't really care about community and governance. Incentives and staking rewards for liquidity providers are low and this will not change due to the undemocratic establishment of the protocol.
