BURGER (BURGER/USDT – Trade it Here) is the governance token of BurgerSwap of which is an AMM decentralized trading platform on the Binance Smart Chain that was launched on September 10th, 2020. BurgerSwap is a cross-chain aggregator combining rates and prices from the leading DEXs and CEXs that allows users to access any digital asset or transfer funds between any chains. This article explores the core features, related projects, and overall tokenomics of BurgerSwap plus ways of how to buy and earn BURGER on MEXC.
Core Features of BurgerSwap
BurgerSwap focuses on user experience by providing integration across the DeFi and metaverse space.
Switch Protocol of BURGER
When users realize the transfer of A chain assets to B chain transactions, through the cross-chain asset protocol, the Switch Protocol, the user transfers the assets in their wallet address to the smart contract of A chain. The distributed cross-chain service center will detect the user’s transaction in real-time, and notify the signature service node that will sign the user’s transaction data. The Switch Protocol will generate a unique order number (one on A chain and one on B chain). In addition, all transaction information will be a transaction event on the public chain, and order information can be queried publicly on the chain.
BurgerSwap Fees
There are two types of fees for cross-chain transactions, namely Gas Fee and Bridge Fee. Switch Protocol charges a bridge fee of 0.3% for each transaction, of which 0.2% will be allocated to the Liquidity Provider of the user transaction’s target chain, and 0.1% will be allocated to the treasury.
Initial Farm Offering
IFO allows users to buy new tokens using BURGER-USDT BLP tokens. The treasury receives BURGER-USDT BLP tokens while users receive BURGER tokens.
Related Project: BurgerCities
BurgerCities “evolved” from Burgerswap. It integrates DeFi and NFT into a larger metaverse scene to produce a uniform and standardized Web3 behavioral metaverse universe. People can engage in typical daily activities such as socializing and gaming while simultaneously experiencing DeFi and NFT functions such as Swap, Staking, and viewing NFT exhibitions through their visual metaverse image.
BURGER Tokenomics
There is a total supply of 21 million BURGER tokens. The current distribution and deflationary mechanics o token are as listed below:
- 40% of the rewards are allocated to liquidity providers on the platform
- 30% of the rewards are allocated to participants in governance/voting
- 30% of the rewards are burned forever
At the time of writing, the market cap of BURGER tokens is estimated at $40,621,591 and the fully diluted market cap is at $105,957,932.
How to buy BURGER?
Looking for how to buy BURGER? You can purchase BurgerSwap/BurgerCities token on MEXC following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “BURGER” using the search bar to see the available trading pairs. Take BURGER/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of BURGER you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy BURGER] to confirm your order. You will find the purchased BURGER in your Spot Wallet.
For the comprehensive guide on how to buy BURGER and other available tokens, please visit special MEXC How to Buy Guides Section.
Recent BurgerSwap/BurgerCities Token Price & Performance
Token reached the highest price (ATH) of 3.4359 USD on July 11th, 2022. The lowest price of BURGER since the ATH date was 1.5257 USD on July 23rd, 2022.
BURGER Token Staking
On MEXC you can periodically stake BURGER and other tokens via MX DeFi event plus other staking products with flexible and fixed APYs. You can check the availability of BurgerSwap/BurgerCities token staking option here.
Interested in tokens like BURGER?
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