Recent weeks have seen a sharp increase in decentralized finance participation and total value locked (TVL) (DeFi). Notably, the Binance ecosystem’s initiatives have seen a sharp rise in users and popularity. BurgerCities recently experienced a significant price increase. What is BurgerCities (BURGER) exactly then? Let’s discuss this and then look at BurgerCities’ price forecasts.
What is BurgerCities (BURGER)?
The BNB Chain ecosystem has a relatively new coin called BurgerCities. It is a platform that integrates decentralized finance and the metaverse (DeFi). On this game site, players compete for rewards. As a result, it calls itself a MetaFi.
People can participate in socializing and gaming in the BurgerCities ecosystem to earn prizes. It also incorporates the ideas of non-fungible tokens as a metaverse project. As a result, like Axie Infinity, playing this game can result in significant profits. The Black Market, which incorporates a cross-chain aggregator of the main DEX and CEX protocols, is one of BurgerCities’ most crucial components.
Additionally, there is a central bank, a single-coin dual-miner and a revenue aggregator in the network, and an energy plant where users can become liquidity providers. In its ecosystem, it is also possible to purchase the virtual property.
Background of BurgerCities
One of the first DeFi platforms to be set up on the BSC is BurgerSwap. It is an initiative that intends to significantly reduce costs and increase the dependability of the goods and services offered by DeFi. Since the platform’s debut, there have been no reports of any problems from users, which is evidence of its dependability.
BurgerSwap’s smart contracts were examined by Beosin, a reputable blockchain startup, to learn from the mistakes made by other platforms and its users. This reduces the possibility of rug pulls or problematic smart contracts, which until now plagued the majority of DeFi systems.
However, it should be highlighted that putting money into smart contracts carries some risk. Whenever you decide to transact via DeFi platforms, caution is still advised.
What Problems Does BurgerCities Solve?
The main problem that Burgerswap solves is the lack of liquidity in the DEX space. Using the Bancor Protocol, it can provide liquidity to its users by connecting them with other liquidity providers in the network. This allows for a more fluid trading experience and opens up arbitrage and market-making opportunities.
Furthermore, it solves the high fees associated with traditional exchanges. By being a decentralized exchange, it can avoid the high fees that come with using a centralized exchange. This is because no middlemen are involved in the process, allowing for a more efficient and cost-effective experience.
The BurgerCities Team
BurgerSwap is a community project made up of a collection of developers, so technically speaking, this group of developers can be referred to as the founders.
Tony Carson, Dr. Mehmet Sabir Kiraz, and Dr. Suleyman Kardas are the creators of BurgerSwap.
- Dr. Mehmet Sabir: is the program leader for UG Cyber Security and Digital Forensics and has an extensive understanding of multi-service networks, C programming, cyber security management, and cryptography. After receiving his bachelor’s degree in mathematics from Middle East Technical University in 2000, he enrolled in the M.Sc. program at the International Max Planck Research Institute for Computer Science in Germany, where he eventually earned his degree in computer science in November 2003. In March 2008, he graduated with a Ph.D. in computer science from Eindhoven Technical University in the Netherlands.
- Dr. Suleyman Kardas and Tony Carson are well-known figures in cryptocurrency. They each independently created significant projects that address issues in the actual world. The three partners want to improve UniSwap’s ERC-2917 execution by changing the incentive and governance architecture. To do this, the team researched and concluded that BurgerSwap’s code exudes uniqueness and is categorically not a fork or duplicate.
Partnerships
- BurgerCities and StarryNift have cooperation that incorporates gamified NFTs, NFT art collections, and metaverse production into the BurgerCities game app.
- ROCK and BurgerSwap will introduce the music and cryptocurrency communities to Blockchain Music Solution and token rewards programs like yield farming and airdrops. A music streaming service and digital payments ecosystem called ROCKI was created to address some of the music business’s core issues. The first platform in the music business to have its own distinct Music NFTs is ROCKI.
- Burgerswap and MultiVAC: Through this cooperation, Burgerswap users will have access to the $MTV Farming Pool, where they can stake MTV-BURGER LP (BLP) tokens in exchange for BURGER and MTV prizes.
What Is BURGER Token?
The BURGER token, native to the Binance Smart Chain, is a BEP-20 token standard. Within the BurgerSwap ecosystem, BURGER is quite helpful, representing governance rights in votes on protocol modifications or suggestions. BURGER tokens are additionally used as liquidity rewards. The initial quantity of BURGER tokens was flexible. But after the token’s listing, the public decided to cap the supply at 21,000,000 BURGER.
Furthermore, the only way to produce BURGER tokens is to provide liquidity. Each block has 40 BURGER tokens. The proportion of these payments that each miner receives depends on how much liquidity they contribute to the system. There is a limit of 120 BURGER per block and a minimum supply of 1 BURGER per block, though these can be changed through community governance.
Read more: BEP2 vs BEP20 vs ERC20: Which Is The Best Choice For You 2023?
Basic Information About BURGER
- Token Name: BurgerCities
- Ticker: BURGER
- Blockchain: Binance Smart Chain
- Token Standard: BEP-20
- Contract: 0xae9269f27437f0fcbc232d39ec814844a51d6b8f
- Token Type: Utility, Governance
- Total Supply: 63,000,000 BURGER
- Circulating Supply: 24,124,999.92 BURGER
Token Allocation
BURGER’s current allocation is: 40% of the reward is allocated to liquidity providers on the platform, 30% is allocated to the governance/voting participants, and 30% is burned forever.
Token Sale
BurgerCities is holding a token sale of its BurgerCities coin. The token sale started on March 1, 2018, and ended on March 31, 2018. There were 1 billion BurgerCities coins available for purchase during the token sale.
Price of BURGER Today
- Today, the live price of each BurgerCities is $1.22 (BURGER/USD) with a current market cap of USD 37.21M. BurgerCities’ price fluctuated +0.14% over the last 24 hours. The circulating supply is 24.12M USD.
- Market cap: $29,400,834
- 24H volume: $21,484,068
What is BURGER Used For?
- Mining: BurgerSwap permits mining, and the platform’s growth depends heavily on mining incentives.
- Obtain LP tokens: Users contribute liquidity to a pool in exchange for liquidity provider (LP) tokens, which stand for the percentage of a user’s stake in the pool.
- Rewards (usually in transaction fees): Users must stake BURGER tokens and take part in governance each week to claim transaction fees; with to the Binance Smart Chain-MetaMask integration, this is made simple.
- Voting and governance: The holders have been granted the power to vote with the BURGER token. The balance of BURGER tokens is moved into a proposal contract each time a new governance proposal is produced. Additionally, those participating in proposal voting will share in this reward pool after the proposal. Users can vote in governance to maintain fair mining distribution by influencing the rate at which incentives are given to encourage healthy protocol adoption.
- Gaming: The burger game, a video game initiative from BurgerSwap, is another way the company establishes itself in the metaverse.
How to Buy BURGER Tokens?
- Sign up for the Fiat-to-Crypto Exchange.
- Purchase Bitcoin using fiat money : (USD, CAD, AUD, EUR, GBP, etc.) or a different coin like BTC or ETH
- You may now complete the transaction by choosing your fiat currency in the “From” area on the “Transact” screen, selecting Bitcoin in the “To” field, clicking “Preview” to examine your transaction, then clicking “Confirm” if everything appears okay. You just bought your first cryptocurrency.
- BTC to an Altcoin Exchange Transfer
- Deposit BTC to exchange
- Trade BURGER
Read more: Best Crypto Exchanges For Trading In 2023: Centralized Exchanges
How to Store BURGER Coins?
To store BURGER coins, you will need a BURGER coin wallet. You can get a BURGER coin wallet from the BURGER coin website or a third-party site. Once you have a wallet, you can add BURGER coins to it by sending them from an exchange or another BURGER coin wallet.
Goals of BurgerCities
BurgerCitiescoin is a decentralized cryptocurrency that aims to provide a fast, secure and cheap way to send money anywhere in the world. It also plans to offer a platform for developers to build applications on top of its blockchain.
Prospect Of BURGER
The 200-SMA, currently at $1.4 per coin, is the most critical level of support to keep an eye on. A decline below this point might result in the downtrend extending. The recent $3.5 per coin peak would be the most critical resistance to observe if the token keeps advancing over the following days and weeks.
The likelihood that a full-fledged rally is beginning will significantly increase if that level is breached. According to forecasts from Wallet Investor, the short-term outlook for BURGER is bullish, as the algorithm predicts that the price might rise to $3.35 per coin within the next 14 days, meaning a 100% gain in a short amount of time if that target is reached.
FAQs
How to earn BURGER tokens?
- Offer Switch liquidity while staking your tokens.
- Share BURGER in the governance proposal pools by staking it and voting on it;
- Increase the number of trade pairings in the liquidity pools;
- To earn interest, liquidation dividends, and mining prizes, lend tokens to lending pools.
Should you invest in BurgerCities?
To determine whether you should buy the token, keeping up with the most recent BurgerCities project news and cryptocurrency market trends is critical. Remember that past results do not guarantee future success. Furthermore, never invest money that you cannot afford to lose.
Is investing in BURGER risky?
While the company has shown strong growth in recent years, there is no guarantee that this will continue in the future. As with any investment, it is essential to do your research before making a decision.
Why is BurgerCities popular?
- Simple to purchase and trade across a variety of assets—more than 50, and counting
- There are currently over 7M users worldwide.
- To use the cryptocurrency assets in your account like a standard debit card, you can apply for an UpHold Debit card. (the US only; eventually will be available in the UK)
Is it the right time to buy BURGER?
The market for BURGER is currently scorching, with prices reaching all-time highs. Many experts predict that the bubble will soon burst, so it’s essential to consider whether now is the right time to buy carefully.
What can I buy with BURGER?
You can buy various things with Burgerswap: BTC, ETH, LTC, BCH, XRP, DASH, ETC, OMG, ZRX, BAT, USDC, USDT, and WBTC.
How is BurgerCities different from other blockchain projects?
Unlike other blockchain projects, BurgerCities is focused on the natural world’s use of blockchain technology.
Can I convert BurgerCities coins to other currencies?
Yes, BurgerCities coins can be converted to other currencies. However, the conversion rate will vary depending on the exchange rate at the conversion time.
How can I find more information about BurgerCities?
To find more information about BurgerCities, you can visit their website or contact them directly.
Conclusion
Finally, even if BURGER has had a great week or so as of this writing, it is impossible to predict whether or how long this will continue. It’s essential to remember that, overall, metaverse coins have underperformed in 2023’s lousy market; it remains to be seen if BURGER will be able to buck the trend. You should always proceed with caution when dealing with cryptocurrencies.
Disclaimer: The information provided in this article is not investment advice from Cove Markets. Cryptocurrency investment activities are yet to be recognized and protected by the laws in some countries. Cryptocurrencies always contain financial risks.
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