Burger Swap update: BURGER Live price, price chart, news and markets

What Is Burger Swap (BURGER)?

BurgerSwap is a unique cross-chain aggregator that consolidates rates and prices from the leading DEXs and CEXs. By integrating CEXs, DEXs, and DeFi transactions into a single platform, BurgerSwap allows users to access any digital asset or transfer funds between any chains with the best available prices.

Burger Swap is an initiative driven by the community and developed by community developers. It is based on the ERC2917 EIP proposal authored by Tony Carson, Mehmet Sabir, and Suleyman Kardas. As a community project, it differs from traditional projects with founders. Additionally, Burger Swap positions itself as a metaverse game project, having recently introduced burgergame.

The History of Burger Swap

Burger Swap, one of the early democratized and decentralized automated market makers (AMMs) on the Binance Smart Chain (BSC), was launched in September 2020. It was constructed without the involvement of any centralized authorities, relying solely on smart contracts.

Based on the DEMAX decentralized Binance platform, Burger Swap enables a swapping mechanism with democratic processes that permit the community to modify system parameters through transparent voting.

BURGER token staking empowers any user to create proposals and influence the adjustment of transaction fees, block rewards, and other system parameters of the Burger Swap exchange through voting.

The decentralized governance system of Burger Swap was designed to avoid control by any centralized entity. Users are incentivized with BURGER tokens for providing liquidity, staking, and participating in the governance system's voting.

What Sets Burger Swap Apart?

An automated market maker operates as a decentralized exchange (DEX) using mathematical formulae and game theory to determine asset prices. Burger Swap functions as a decentralized AMM on the BSC network.

The Burger Swap Bridge facilitates seamless swapping of coins between the Ethereum (ETH) network's ERC-20 standard and the BSC's BEP-20 standard, all at low fees. This bridge enables Ethereum users to transition to the BSC network and take advantage of its low transaction fees and fast block times.

Burger Swap was created as a democratic and decentralized exchange with compulsory governance. BURGER token holders possess the power to vote and modify exchange parameters such as trading fees, mining speed, staking rewards, and more.

All tokens available on Burger Swap are paired with both BNB and BURGER. The BURGER pair contributes to generating liquidity for the BURGER token, while BNB functions as the native token of the BSC network.

When a new project seeks to be listed on Burger Swap, the exchange imposes a listing fee and allows the community to approve or reject the listing through a vote. All listing fees are pooled and distributed among BURGER holders who participate in at least one voting session per week.

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How Does Burger Swap Ensure Network Security?

Burger Swap implements a voting process to prevent the listing of suspicious token projects. It operates on the Binance Smart Chain, a blockchain renowned for its fast block times and emphasis on decentralization.

Where Can You Purchase Burger Swap (BURGER)?

Burger Swap (BURGER) can be traded on the following exchanges:

• Binance
• Bithumb
• Hoo
• MXC.COM
• PancakeSwap
• BurgerSwap

To find out more, read CoinMarketCap's comprehensive guide on purchasing Bitcoin.