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Press Release

New DeFi Project BurgerSwap Caught the Attention of Crypto Industry Leaders

Team Bitcoin Daily

Published

3 years ago

on

Analysts from across the crypto-sphere were caught off-guard by the sudden 22% increase in Binance BNB tokens this week. At first, people thought this influx of capital was the start of a pump-and-dump scheme. However, after reviewing the data, it turns out that the increased demand was the direct result of the launch of the BurgerSwap platform.

Record Growth

The steep appreciation surprised many in the market. Especially once it was revealed that BurgerSwap only launched 24 hours prior. Since the launch of this revolutionary protocol, there has been a record number of transactions on the Binance Smart Chain. These stats continue to drive interest in BurgerSwap to new heights.

What is BurgerSwap?

BurgerSwap is an open-sourced democratized automated market maker. Developers launched the project with the purpose of decoupling the interest generation and productivity providers in the market. Notably, this platform resides on the Binance Smart Chain. As such it enjoys access to a variety of helpful features. 

Another Tasty Platform

Following along the lines of SushiSwap, in terms of names, developers choose to stick with another crowd favorite – burgers. Developers built BurgerSwap as a replacement for the SushiSwap project. Discussing their improvements, the team spoke on their approach to the market and how it differs from SushiSwap. Lastly, they spoke on their core goal to make DeFi accessible for everyone.

What Problems Does BurgerSwap Fix?

One of the main drawbacks of many DeFi projects currently in the market is the reward distribution mechanism. This mechanism resides inside a smart contract that automates the processes. However, the current market standard leaves investors guessing as to their exact rewards. BurgerSwap introduces a new implementation of the ERC-2917 token standard to alleviate these concerns.

ERC-2917 improves the power of Uniswap. To accomplish this task, the protocol alters both the incentive model and community governance systems of the network. Additionally, the BurgerSwap protocol abstracts the interface for the interests generation process which further streamlines the entire process. Specifically, the update makes it much easier for wallet applications to collect vital DeFi metrics.

Core Code

The BurgerSwap platform utilizes proprietary coding to provide users with a better UX compared to SushiSwap. This advanced coding was built from the ground up and is not a duplicate or copy of other platforms in the market currently. Additionally, the coding for BurgerSwap is open-sourced. Open-source projects are far more secure because they allow the community to test the merits of the code.

Binance Smart Chain

BurgerSwap is a democratized exchange that resides on the Binance Smart Chain. Binance Smart Chain enables fast, cheap, and secure payments globally. Additionally, the platform is EVM compatible. Today, there are multiple assets listed in its BEP-20 format, with more entering the market weekly.

One of the main advantages of the decision to launch on Binance is convenience. For example, all tokens have BNB pairs. In addition, each asset will also feature a direct BURGER pair. Importantly, this pair needs to account for at least 1% of the liquidity of the asset to be eligible for mining rewards from the platform.

Who is Behind this Amazing Project?

While the exact details of everyone on the BurgerSwap project are still shrouded in mystery, some details emerged recently. For one, the entire development is self-funded. As such, everyone that works on the project receives no salary for their efforts. Also, developers announced they have no intention of conducting any ICOs for the project as well. The only compensation the team receives is 10% of all the fees.

Burgers for Everyone

The numbers don’t lie. BurgerSwap hit the track in full gear. This unique platform provides much-needed liquidity. Additionally, it demonstrates some of the benefits found on the Binance Smart chain. You can expect to hear more about BurgerSwap as the market continues to show an appetite for something new.

Useful Links

BurgerSwap announcement: https://medium.com/@bnburgerking/introducing-burgerswap-a-democratized-amm-on-binance-smart-chain-ac19287b5a2a 

BurgerSwap exchange  https://burgerswap.org/

Github: https://github.com/burgerswap-org/burgerswap-core

Twitter: https://twitter.com/burger_swap

Telegram:  https://t.me/burgerswap 

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Press Release

WOW Summit Dubai 2023: Unveiling a Star-Studded Lineup of Speakers and Esteemed Sponsors

Crypto Chain Wire

Published

2 hours ago

on

October 3, 2023

By

  • Get Ready for an Unforgettable Adventure: WOW Summit Dubai 2023, the Ultimate Expression of a Luxurious Web3 Experience
  • Sparking Innovation and Fostering Achievement at the Heart of the UAE
  • A lavish affair that proudly claims the title of the unmatched apex among Blockchain events in the Middle East.

The eagerly awaited World of WEB3 Summit Dubai, also known as WOW SUMMIT Dubai 2023, is poised to make a significant impact globally. This remarkable event boasts an impressive roster of speakers and enjoys the support of a distinguished array of sponsors, all gathering at the opulent Atlantis the Royal in Dubai on October 8th and 9th, 2023.

Prepare to be amazed as WOW Summit Dubai 2023 presents a constellation of visionary speakers and distinguished sponsors, promising an unparalleled exploration of the latest Web3 trends and innovations. 

Ivan Ivanov, the Global CEO of WOW Summit, enthusiastically conveyed his anticipation for this year’s gathering: “WOW Summit Dubai 2023 is on track to become a pivotal assembly for leaders in the Web3 and Web2 industries, investors, and government representatives. With our exceptional lineup of speakers and esteemed sponsors, we are creating the ideal environment for invaluable conversations and partnerships that will play a pivotal role in shaping the transition from Web 2.0 to Web 3.0. The World of Web3 Summit is all set to highlight practical applications of Distributed Ledger Technology (DLT) and Blockchain, as well as innovations in financial infrastructure, Digital ID, and Central Bank Digital Currencies (CBDCs).”

At the core of WOW Summit Dubai 2023, we are honored to have Fastex, Unicoin, and Farcana as our Title sponsors, complemented by our cherished Platinum sponsors Darwinbit, iVendPay, MMPRO Trust, and Zima Bank. These sponsors, with their visionary leadership and exceptional expertise in development and strategy, illuminate the event, steering discussions on the remarkable transformative power of blockchain technology.

Esteemed figures in the blockchain and digital assets field, alongside respected government officials from the UAE, will grace the conference stage as honored speakers.WOW Summit Dubai 2023 distinguished speakers include Yat Siu, Founder and Executive Chairman at Animoca Brands, Dr. Marwan Alzarouni, CEO at Dubai Blockchain Centre, Mohammad Alblooshi, Chief Executive Officer at the DIFC Innovation Hub, Nameer Khan, Founder of FILS & Chairman MENA Fintech Association, Miriam Kiwan, Vice President, MENA at Circle, Mohamed Issa, Regional Director at Chainalysis, Sam Katiela, Founder & CEO at Mamemo and Chairman at Crypto Valley Partners, Joy John, AI Services Specialist, EMEA, Oracle and Scott Thiel, Founder & CEO at TOKO by DLA Piper and Jiten Varu, Head of Web3 at AWS. They bring a wealth of knowledge, experience, and vision to the stage, ensuring that attendees will be treated to profound insights and valuable discussions.

Additional notable figures gracing the event include Michael Terpin, Serial Entrepreneur and Investor, Gurvinder Ahluwalia, Founder & CEO at Digital Twin Labs, Christian Gleich, Ambassador of the European Blockchain Association, Nick Spanos, Bitcoin Pioneer, Joshua Hawley, Managing Director at US Capital Global, Mansoor Madhavji, Blockchain Founders Fund and Saqr Ereiqat, Co-Founder at Crypto Oasis. 

WOW Summit Dubai 2023 is not just an event; it’s an experience that will shape the future of blockchain technology. Attendees can look forward to unparalleled knowledge sharing, networking opportunities, and the chance to explore cutting-edge developments in the Web3 ecosystem.

-END-

About WOW Summit Dubai

WOW Summit is a premier global event that takes place in major cities around the world, including Lisbon, Hong Kong, and Dubai. With a focus on go-to-market management and business development relations, WOW Summit fosters collaboration between Government Authorities, Institutionals, VCs, and fintech companies in Dubai and Abu Dhabi.

WOW Summit Dubai is a premier global event that brings together industry leaders, visionaries, and entrepreneurs from around the world. As a platform for inspiration, empowerment, and business development, WOW Summit drives success in the dynamic landscape of the UAE and beyond. The event covers a wide range of topics, including the Web2 – Web3 transition, CBDC, regulations, asset tokenization, and the social impact and applications of blockchain and DLT technologies. WOW Summit Dubai 2023 will feature an incredible art and NFT area, providing attendees with an immersive experience in the world of digital art and opportunities to connect with like-minded individuals.

The event is hosted by GuyWay, powered by MarketMakingPro, and co-organised by Uvecon.vc. In the past, WOW Summit has hosted renowned speakers, such as Sebastien Borget (Sandbox), Lennix Lai (Global Chief Commercial Officer at OKX), Dave Chapman (Executive Director at BC Group), Angelina A. Kwan (CEO at Stratford Finance Limited), Duncan Wong (CEO at CryptoBLK), and Julian Gordon (Hyperledger, Linux Foundation). To exhibit, sponsor or partner, contact us at sales@wowsummit.net.

Media Contact:

WOW Summit

Email: media@wowsummit.net

Website: https://wowsummit.net/

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Press Release

PintSwap Telegram Bot: A Game-Changer for Tax-Free and Slippage-Free Trading

Crypto Chain Wire

Published

6 hours ago

on

October 3, 2023

By

In the ever-evolving and relentless world of crypto, where innovation is the constant heartbeat, a peculiar and potent force has been gaining popularity: Telegram bots. 

Over recent months, Telegram bots have carved out a significant niche within the crypto community as they exceeded US$190M in volume in July 2023, according to the Binance Research. Their appeal is straightforward and powerful: users can easily execute crypto activities, from trading and sniping to airdrop farming, all from the palm of their hand. 

It’s a convenient and accessible revolution that has been reshaping the crypto landscape. While the ascent of Telegram bots has undeniably enhanced the crypto user experience, it is not without its own set of challenges. 

Telegram bots typically employ 2 common revenue streams. Firstly, they often levy a fee on users for executing trades through their bots. Secondly, they impose taxes on transactions involving the bots’ native tokens. The latter approach can be viewed as more contentious, as it places an additional financial burden on users, sometimes upward of 5% per trade. 

The reason why most of these protocols implement this tax revenue stream is because of how substantial it is. For instance, consider Unibot, which, as of the time of writing this article, has amassed a lifetime revenue of 8,863 ETH in fees. Interestingly, 80% of this sum (7,066 ETH) can be attributed to Unibot’s tax revenue stream, according to the Dune dashboard by whale_hunter.

Some might argue that the buy and sell taxes can be mitigated by engaging in an Over-the-counter (OTC) trade. In order to participate in an OTC trade, an OTC desk is often mediating these types of transactions. An issue arises when OTC desks do not support the majority of the coins that users would like to trade, especially the ones with lower market capitalizations. 

In this situation, another option is to make use of a so-called Escrow service, which comes with its own set of risks, both permissioned and third-party risk. Too often, OTC deals via Escrow service still go wrong these days.      

Within the landscape of Telegram bots and their intricate revenue mechanisms, a promising solution takes shape in the form of PintSwap. This innovative protocol sets its sights on addressing the challenges that traditionally come with Telegram bots and OTC desks. 

PintSwap is a Decentralized Exchange (DEX) protocol that employs a hybrid OTC/Order book model, with a Telegram bot feature as one of its integral components. It proudly positions itself as a truly permissionless platform, granting users the freedom to engage in OTC trades for any ERC-20 token of their choice. 

These transactions can seamlessly harness the power of PintSwap’s Telegram bot, all while the underlying PintSwap protocol operates discreetly in the background, emphasizing its commitment to enhancing the user experience. Moreover, users will find solace in the fact that they need not grapple with buy and sell taxes on their token transactions, only a nominal 1% trading fee.

As the crypto landscape continues to evolve, it is essential to embrace innovative solutions like PintSwap.Telegram bots have come a long way, and with protocols like PintSwap leading the charge, the future of crypto holds the promise of enhanced accessibility, convenience, and user empowerment. It’s worth noting that PintSwap is on the brink of its Token Generation Event (TGE).

The journey is far from over, and as we move forward, let’s keep a watchful eye on the ever-thriving crypto ecosystem for more groundbreaking developments and user-centric solutions.

Twitter – https://twitter.com/pintswap0x

Website – https://pintswap.exchange

Discord – http://discord.gg/pintswap

Litepaper – https://iron.pyrosec.gg/pintswap-litepaper.pdf

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Press Release

Limoverse’s Vision for Web3: Token Burn, Roadmap, and Leading the Wellness Frontier

Crypto Chain Wire

Published

7 days ago

on

September 26, 2023

By

In an electrifying move in an otherwise quiet crypto market, Limoverse successfully completed its much-anticipated Token Burn Event! 

The buzz surrounding this event is palpable, and for good reason. It all starts with Limoverse’s unwavering commitment to transparency and its thriving community. Limoverse places its community at the core of its mission, emphasizing transparency, empowerment, and token appreciation for its dedicated users and token holders.

But what exactly is a token burn, and why is it generating such excitement? The answers to these questions are pivotal to understanding the magnitude of this event. Token burns are akin to enchantments in the realm of cryptocurrency. When tokens are subjected to a burn, they are permanently removed from circulation. This action not only diminishes the overall token supply but also heightens its scarcity, elevating the value of each remaining token. 

Limoverse is taking token burns to the next level by introducing a pioneering algorithm that links token burns to real-world achievements. For every kilometer run and every calorie burned within the Limoverse app, an equivalent quantity of Limoverse tokens will be incinerated. Yes, you read that correctly! As users stay active and embrace a healthier lifestyle, the token supply shrinks, thereby augmenting the value of Limoverse tokens. This innovative approach ensures that your journey to improved health and fitness also translates into the growth of your investment. A true win-win!

$LIMO Tokens have a total supply of 10 Billion tokens and the burn event saw 86,494,575 LIMO tokens being burnt and taken out of supply.

Limoverse’s commitment extends even further. “We are delighted to declare that all unredeemed rewards from our HealthFi Rewards Pool have also been subjected to a burn. This strategic move firmly underscores our dedication to forging a sustainable token economy, guaranteeing that each Limoverse token serves its utmost purpose” says Sajeev Nair, founder and chairman of Limoverse.

Talking about what the future holds for Limoverse, he further added. “Shortly, we are set to launch our most awaited projects: ModiFi and CreatFi, which will solidify our position as the most comprehensive health and wellness ecosystem in the web3 world. ModiFi is designed to empower users to flourish in all dimensions of wellness, from physical and mental health to spiritual well-being. The core focus lies in uniting top-tier wellness practitioners with advanced health tracking and AI capabilities, enabling users to take charge of their holistic wellness journey like never before.

Through self-paced courses and personal coaching, CreatFi will offer a gateway to personal growth and holistic well-being, cementing Limoverse’s reputation as a leader in the Health and Wellness space.

About Limoverse

With a vision to become the largest digital health economy in the world, Limoverse’s LIMO tokens are currently trading on Poloniex, Bitmart, and Pancakeswap exchanges. As the token expands its presence, Limoverse continues to break new ground in the health and wellness industry, leveraging Web 3 technology to empower individuals and communities alike.

Currently, the Limoverse ecosystem provides users with the option of earning rewards when they walk, jog or run and also when they burn calories thus keeping them motivated and incentivized to stay healthy through the HealthFi program. 

You can download the Limoverse App from both Google Play and App Store. Be sure to visit the official website and join our Twitter, Telegram, and Instagram to stay updated with all the latest news and developments.

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