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New DeFi Project BurgerSwap Caught the Attention of Crypto Industry Leaders

Team Bitcoin Daily

Published

4 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

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

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Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

4 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

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Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

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