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BurgerSwap Introduces V2 Protocol With New Burning Functionality

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5 years ago

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BurgerSwap is an open-sourced democratized automated market maker (AMM) that focuses on decentralization. The protocol hit the DeFi space by storm, reaching a liquidity of $400M with the staking of 12 million BNB tokens in ​​just one day. 

The platform launched on September 10th at 16:00 PM UTC and is already hailed as the very first Uniswap-like application to launch on Binance Smart Chain (BSC). By leveraging BSC, BurgerSwap benefits from faster speeds and lower trading fees compared to similar ETH-based DeFi projects.  

The BurgerSwap team sees BSC as having the potential to be one of the top Proof of Stake (PoS) ecosystems. Thus, they have applied for Binance’s $100 million DeFi and CeFi Accelerator Fund to foster the BurgerSwap AMM and ecosystem expansion.

BurgerSwap V2 Can List bTokens 

On Sep 22, the Burgerswap team unveiled V2 of its protocol that introduced a Burn Mechanism where a percentage of the BURGER tokens converted from trading fees will be burned forever. 

Under BurgerSwap V2, traders will also be able to swap ETH and BSC-based assets via a unique custom built cross-chain BEP20 bridge. 

The bridge facilitates the conversion of any ERC20 token to a wrapped bToken issued on BSC. This wrapped token can then be listed on BurgerSwap to trade and provide liquidity. 

Burgerswap’s team is currently working on tutorials for how to list bTokens and interact with other important features on the BurgerSwap platform. 

LP’s Get More Control Over their Assets

Another hot feature integrated into the V2 protocol is an enhanced ability for LP’s to redeem their rewards at any given time, creating instant liquidity without the need to remove liquidity.

BurgerSwap V2 also offers liquidity providers more control over their assets by allowing them to choose the currency they want to receive their rewards. LP’s can currently receive rewards in BURGER, BNB and USDT.

Since BurgerSwap doesn’t have an LP token, it can implement even more unique elements. For instance, projects on the protocol can opt to reward liquidity providers on their token pairs with their own project token or any other token. 

The new BurgerSwap protocol introduces a new default distribution setting for staked rewards. Under V2, 40% of the rewards will be allocated to liquidity providers on the platform, while 30% of the rewards will go to governance/voting participants. The remaining 30% of rewards are burned forever. 

User Interface (UI) Improvements

BurgerSwap V2 is built on BSC, and so all tokens will have BNB pairs. Each asset is also required to have a BURGER pair, accounting for a minimum of 1% of the asset’s liquidity to be eligible for mining rewards. 

The protocol recently improved the UI around it to empower users to trade BEP20 assets in a decentralized and democratic way. 

The platform continues to call on community members interested in joining its UX/UI designers and smart contract dev team to send their applications at twitter.com/burger_swap. 

Governance 

BurgerSwap V2 emphasizes on community and governance to bring more users, traders, and liquidity to DeFi. 

The platform’s BURGER token is the first fully community governed token with no maximum supply. Each block produces 40 Burger tokens, with users getting a share of the rewards relative to the liquidity they provide.  

Users can add any pair by providing liquidity, but only BNB and BURGER pairs can mine BURGER tokens.  

Unlike SushiSwap, users on BurgerSwap can vote to change the platform’s parameters such as trading fees, staking rewards, and mining speed.  Of course, even the reward allocations for LPs and participants in voting can also be changed by voting.

BurgerSawp’s community governance has been a success, with numerous proposals already created and executed since launch. Currently, 2 million staked BURGER tokens are pledged per vote. 

The project now seeks to improve its governance system to ensure the model’s sustainability and enhance voting and access to liquidity.

Their dev team is currently working to integrate more DeFi functionalities to the protocol to build a comprehensive DeFi experience on BSC.  

Burgerswap is also looking to cap the maximum supply of BURGER tokens to determine the project’s long-term value. Currently, BurgerSwap has an upper limit set at 120 BURGER per block and the lower limit of 1 BURGER.  

Users can vote on the number of tokens produced per block, but the amount needs to stay within the set range to maintain a healthy state of the protocol.  

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Press Release

MSX Announced as Platinum Sponsor for Hong Kong Web3 Festival 2026

Published

1 day ago

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January 20, 2026

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Hong Kong, 20th January 2026, ZEX PR WIRE, We’re thrilled to announce MSX as a Platinum Sponsor for the Hong Kong Web3 Festival 2026 taking place from April 20 to 23, 2026 at Hong Kong Convention and Exhibition Centre.

MSX is a community-driven digital asset trading platform, primarily offering global users spot and derivatives trading services for cryptocurrencies like Bitcoin and Ethereum, as well as trading services for RWA tokenized assets and bulk/forex financial products. 

The Hong Kong Web3 Festival (“the Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto event since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

The previous three editions of the Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

As Asia’s premier crypto gathering, the Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities. Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Join us in staying ahead of the latest Web3 trends and policies while building meaningful relationships with leading projects, investors, and tech pioneers. Secure your tickets at just $399: https://lu.ma/hkweb3festival_2026

Be our partner: https://tally.so/r/w5YEbP

 

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Press Release

OKX Web3 Confirmed as Title Sponsor for Hong Kong Web3 Festival 2026

Published

2 days ago

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January 20, 2026

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Hong Kong, 20th January 2026, ZEX PR WIRE, We’re thrilled to announce that OKX Web3 is a Title Sponsor for the Hong Kong Web3 Festival 2026 taking place from April 20 to 23, 2026 at Hong Kong Convention and Exhibition Centre.

OKX Web3 is committed to Web3 technological innovations, and has developed OKX Wallet as an industry-leading decentralized multi-chain wallet that enables you to access and explore the Web3 world.

The Hong Kong Web3 Festival (“the Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

The previous three editions of the Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. 

As Asia’s premier crypto event, the Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities. Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Join us in staying ahead of the latest Web3 trends and policies while building meaningful relationships with leading projects, investors, and tech pioneers. Secure your seats: https://lu.ma/hkweb3festival_2026

Be our partner: https://tally.so/r/w5YEbP

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Press Release

Happymeta Announced as Primary Exhibition Sponsor for Hong Kong Web3 Festival 2026

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1 week ago

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January 14, 2026

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We’re thrilled to announce HappyMeta as a Primary Exhibition Sponsor for the Hong Kong Web3 Festival 2026 taking place from April 20 to 23, 2026 at Hong Kong Convention and Exhibition Centre.

Happymeta is building a decentralized metaverse asset platform, leveraging blockchain technology to redefine the relationship between users and digital assets, enabling an open, fair, and sustainable metaverse economy. Learn more at https://www.happymeta.io/

The Hong Kong Web3 Festival (“the Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto event since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

The previous three editions of the Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

As Asia’s premier crypto gathering, the Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities. Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Join us in staying ahead of the latest Web3 trends and policies while building meaningful relationships with leading projects, investors, and tech pioneers. Secure your tickets at just $399: https://lu.ma/hkweb3festival_2026

Be our partner: https://tally.so/r/w5YEbP

Become our speaker: https://tally.so/r/31Ybgb

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