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BurgerSwap, DeFi by Binance

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Avatar for BenKenobi
Written by   36
3 weeks ago

We prefer Burgers 🍔 over Sushi 🍣

BurgerSwap is an open-sourced and democratized automated market maker. Since few days, BURGER is listed on Binance.com!

In parallele was launch BurgerSwap, the first decentralized and democratized AMM on Binance Smart Chain.

The project was launch intending to decouple the interest generation and productivity providers within the market.

Notably, this platform resides on the Binance Smart Chain.

In his announcement, Changpeng Zhao, explains that he chose the Binance Smart Chain for its low transaction costs :

"Gas prices have reached historic highs and have made it almost impossible for the ordinary merchant to participate in DeFi's applications and governance based on the ERC-20 smart contract. »


ERC-20 to BEP-20 :

In order to use BurgerSwap, you must have liquidity on BSC Mainnet BEP-20 network.

Two solutions exist, the first one is to transfer funds from a Binance.com account and select the BEP-20 network when issuing your transfer.

The second solution is to use the Bridge function of BurgerSwap.


How to connect Metamask to the BSC Mainnet network?
Click on "Custom RPC" if you have not previously added the BSC mainnet information.
- Enter in the BSC mainnet details as follows:
- Network Name: BSC Mainnet
- New RPC URL: https://bsc-dataseed1.binance.org/
- ChainID: 56
- Symbol: BNB
- Block Explorer URL: https://bscscan.com/
- Then press "Save".

You can now switch to the Binance Smart Chain BEP-20 network in Metamask Dapp.


How to use Bridge Mode :

This function purpose is to convert your tokens from the Ethereum ERC-20 network to the Binance Smart Chain BEP-20 network and make them usable on the platform.


Once your tokens are added and converted, you optain bTokens equivalent to your deposit. These bTokens can already be used on Burgerswap.

To begin, you need to connect your Metamask wallet to the Ethereum ERC-20 Mainnet. Then, you need to select which tokens you would like to migrate on Burgerswap.org

Once the transaction is validated, you will receive your bToken (here bUSDT) in the form of a BEP-20 address.


Once the transaction is completed, you must switch with the BSC Mainnet network to Metamask.

Once you have switched networks, you will be able to view your BEP-20 bTokens on burgerswap.org in the form of a token address corresponding to the amount you have migrated in the "transit record" section.

To view your bToken on metamask, you need to add the BEP-20 address manually as a customised token on metamask.

Attention, each operation requires ETH fees on the Ethereum Mainnet ERC-20 network and BNB fees on the BSC Mainnet BEP-20 network.

Without this, your bToken will not arrive in your wallet.

Now you are ready to use the other features of BurgerSwap.


Pool function :

This section allows you to add liquidity to the platform and thus earn commissions for your confidence.

If you add liquidity, you must match an equivalent amount of BURGER and BNB. Once added, you start accumulating BURGERs with the possibility to "claim your reward" whenever you want.

This section allows you to add liquidity to the platform and thus earn commissions for your confidence.

If you add liquidity, you must match an equivalent amount of BURGER and BNB. Once added, you start accumulating BURGERs with the possibility to "claim your reward" whenever you want.



Gouvernance :

The governance section, allows you to stake your BURGERs and also to vote on the different proposals around BurgerSwap and its management.

Swap function :

Like many other platforms of this type, you also have the possibility to swap your tokens directly on burgerswap. Many pairs are available and you can easily convert your tokens between them.


BurgerSwap, the Numbers only after 2 weeks :

  • Total number of users: >5,000

  • Total Value Locked on BurgerSwap: >50,000,000 USD

  • Number of addresses holding BURGER: >10,000

  • Total liquidity on BurgerSwap: >35,000,000 USD

  • 24 hour trading volume: >12,000,000 USD

The numbers have catapulted BurgerSwap to the top applications on Binance Smart Chain by transaction volume, and the BURGER token to one of the top traded BEP20 assets.

Useful Links :

For those who prefer to tip in front ... Thank's for your support.

BEP2 : bnb177e8dat85jykfhs676er9usrr3y49qcvdhprun

BEP20 : 0xc0A2f0D6A2a21e1fDfd0BB2450c654a589aDa4E8

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Avatar for BenKenobi
Written by   36
3 weeks ago
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Comments

Great summary. Won't probably find time for this now but bookmarked for later. P.s. There is a typo in word 'fonction', may need to be changed to function

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3 weeks ago

thanks.. update

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3 weeks ago

Amazing sir

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3 weeks ago

thanks

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3 weeks ago

Great article, I want to add this site

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3 weeks ago

for BURGER/BNB on both sides stake, APR is about 220.89% at this time !

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3 weeks ago

amazing sir..Best of luck

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3 weeks ago

Nice

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3 weeks ago

Wow amazing. Very nice and informative article dear sir . Thank you so much for sharing this ... Best of luck

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3 weeks ago

thanks for your comment, very appreciable

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3 weeks ago

You are most welcome dear sir ❤️

$ 0.00
3 weeks ago