This project is the first project on binance smart chain. BurgerSwap is a decentralized exchange based on an Automated Market Maker (AMM). It is similar to a platform like Uniswap, where users provide liquid funds to the protocol in exchange for native tokens of the protocol. BurgerSwap is based on the DEMAX DeFi platform, and users can adjust fees, block rewards, and various system functions of the exchange in the form of proposals, which can be voted up or down. It's worth noting that users will receive BURGER tokens if they actively participate in the platform. Participation methods include establishing liquidity, collateral and voting in the management system. BurgerSwap differs from other projects in that it does not have LP tokens, thus fundamentally avoiding the problem of liquidity being transferred to any other protocol. BurgerSwap, not only fast, but also low cost. At the same time, in order to enable its liquidity providers to withdraw their rewards anytime and anywhere, BurgerSwap chose to implement the ERC-2917 protocol, which allows users to create instant liquidity without having to redeem LP coins; Also, users gain more freedom and control over their assets, which makes BurgerSwap more flexible than UNISWAP and SUSHISWAP. BurgerSwap is designed for the community, so its growth is highly dependent on the community. BurgerSwap has been emphasizing the concept of "autonomous decentralized exchanges," meaning that user participation in governance is a "required course," not an "elective course," and users make the rules, not others. Smart contracts make everything completely decentralized, with no central entity involved. As such, the platform is a fully autonomous decentralized exchange. The BurgerSwap decentralized governance system cannot be controlled or managed by any centralized entity. Users are rewarded with BURGER coins for creating liquidity, pledging or participating in the governance system.

BurgerSwap is committed to providing DeFi users around the world with the most decentralized and democratic user experience. BurgerSwap wants BURGER to be for everyone and make DeFi accessible to everyone.

DEFI is thriving on the ETH chain, but at the same time the ETH chain issues are becoming more and more prominent. We created this product to address the challenges Uniswap was facing at the time: high Gas charges, network congestion, and slow transfer speed.

Therefore, the development team chose to develop on the Binant smart chain, specifically for three reasons: 1. Speed and handling fee: Ethereum has a high handling fee but a slow speed. BSC has a fixed and lower processing fee of as little as 1 cent per block, and each block takes only 3 seconds. 2. Landing Applications: Binance has built one of the largest cryptocurrency ecosystems in the world and is preparing to access DeFi in a unique way. BurgerSwap will cater to the large number of binance users who want to participate in DeFi and participate in governance. 3. Ease of use: BSC has an Ethereum VIRTUAL machine compatible environment so SOLIDITY developers can add new links almost frictionless.

Currently, the main modules of BURGERSWAP are exchange, capital pool, governance and cross-chain. 1. Exchange function supports exchange between various tokens on the BSC chain; 2. The capital pool mainly provides liquidity. The liquidity provider will be rewarded with BURGER tokens and fees, which is what we often hear about market making and mining. 3. Governance module As a decentralized DEFI project of community autonomy, Hamburg supports community members to submit proposals and vote to realize the autonomy of ecological communities. Community autonomy is a major feature of BurgerSwap platform. 4. The cross-chain function has been able to support the conversion between BEP20 and ERC20 of some currencies.

BurgerSwap users can trade, exchange, mine and vote based on binance smart chain tokens.

Since BurgerSwap has been added to the BSC platform, all BurgerSwap tokens can be paired with BNB coins. In addition, each currency must also have BURGER trading pairs, and at least 1% of that currency's liquidity is required to be eligible for mining rewards. In addition, only beP-20 tokens can be used for trading or to provide liquidity. With the BurgerSwap Cross-chain Bridge function, users can seamlessly convert any ERC20 token to a wrapped VERSION of BEP-20.

Binance smart chain does not take ETH as the underlying layer, but it has Ethereum VIRTUAL machine compatible technology, which means that users can also use binance smart chain through MetaMask wallet, and the operation is very simple.

BurgerSwap charges a 0.3% transaction fee. All of the fees collected are said to be distributed to users who own BURGER tokens and vote. The distribution of rewards is as follows: 40% will be allocated to liquidity providers on the platform; 30% will be allocated to governance vote participants; 30% will be permanently written off. Since its launch, the exchange has made some improvements. First, all the BEP-20 assets for each item can be listed on BurgerSwap simply by adding liquidity. However, only those assets that are whitelisted can be placed on the exchange list; These give users the right to earn mining and trading rewards.

BurgerSwap runs on Binance Smart Chain BSC. It can enjoy many advantages of Binance Smart Chain. First, Binance Smart Chain applies fixed ultra-low transaction fees as low as 1 cent. Block time is 3 seconds. Compared to Ethereum, BSC has advantages over Ethereum public chain in both GAS costs and transaction confirmation speed. Secondly, as one of the largest cryptocurrency exchanges in the world, Binance has a large user base that is well educated in cryptography methods, and Binance actively enters the DeFi field. BurgerSwap will cater to the large number of binance users who want to participate in DeFi and governance, and BurgerSwap will be able to access a high quality binance user base and easily conduct itself. Third, ease of use: Binance Smart Chain has an Ethereum VIRTUAL machine-compatible environment, which makes it almost effortless for Solidity developers to access. 2, BurgerSwap has good technical originality BurgerSwap has good technical originality, BurgerSwap developed from zero, deployed a large number of contracts and more code than competing products, the contract has a lot of innovation, especially reflected in the governance, destruction. 3. BurgerSwap is an autonomous decentralized exchange whose operating rules are completely determined by users. BurgerSwap is tailored for the community, so its growth is highly dependent on the community in terms of design. One concept BurgerSwap has been emphasizing is the concept of "autonomous decentralized exchanges," in which user participation in governance is a "required course," not an "elective course," and the rules are set not by others but by Burger token holders. On BurgerSwap, any user can tweak fees, block rewards, and various system parameters of the exchange in a proposed way. Anyone pledging BURGER tokens can vote for or against the proposal. One of the parameters that BURGER holders can change is the voting period, which by default is one day. Participation in governance means not only decision-making power, but also a generous bonus for participants. Smart contracts make everything completely decentralized, with no central entity involved. So the platform is a completely autonomous decentralized exchange. The BurgerSwap decentralized governance system cannot be controlled or managed by any centralized entity. Users are rewarded with BURGER coins for creating liquidity, pledging or participating in the governance system. 4. Token output speed, etc. The total number of Burger tokens determined by user vote is 21 million. However, it is slow to produce Burger tokens, which are also voted on by the community, and currently only produce 0.1 Burger tokens per Block. So the earlier users participate, the greater the future revenue will definitely be. Of course, Burger token holders can also vote to speed up Burger token production. Not only is the total number of Burger tokens fixed, and the rate at which they are produced is determined entirely by a community vote, but they are also regularly destroyed, reducing the number of Burger tokens in circulation.

BurgerSwap is an automated market maker (AMM) with governance incentives on the Binance smart chain. BURGER tokens are the platform's native BEP-20 governance token, and users can provide liquidity to the platform in return for BURGER rewards.

BurgerSwap is a Uniswap modeled AMM project, but differs from the Uniswap architecture. BurgerSwap is divided into Delegate -> lpPlatForm -> Pair. The Delegate layer manages all the Pair information and is responsible for creating the lpPlatForm layer. The lpPlatForm layer then creates the Pair contract. Throughout the architecture, the lpPlatForm layer acts as the Router in Uniswap, forwarding the calculated transaction data and tokens to be exchanged to Pair contracts to complete the exchange.

With the continuous development of DeFi, other public chains have also laid out defI-related businesses. Among these public chains, Binance Intelligent chain BSC is undoubtedly the leader. It has advantages that other public chains do not have, relying on the rich industry resources of Binance Exchange. Burgerswap running on the BSC chain is a very excellent decentralized exchange in binance smart chain.

BurgerSwap platform is not only excellent in itself, but also backed by Binance, which can promote the development of the project by relying on many advantages of binance intelligent chain.

I feel that binance intelligent chain is very good, not only attracting frequent investment from the project side, but also the users. The launch time is not long, but high-quality projects on the chain are frequent. Take Burgerswap for example, it created nearly $400 million of liquidity within two days of its launch, with about 200,000 BNB locks and about $160 million of trading volume, which immediately triggered the liquidity mining boom to tilt toward BSC.

BurgerSwap, the first automated market maker on the BSC chain, has updated the details of its flash loan. At around 03:00 on May 28th, BurgerSwap BSC chain suffered a flash loan attack, and $7.2 million was stolen through 14 transactions. The attacker creates fake coins (non-standard BEP-20 tokens) and creates BURGER trading pairs. By adjusting the route, the attacker creates a burger-to-counterfeit and then to WBNB route. Through BURGER/ counterfeit transaction pairs, the attacker re-enters BurgerSwap through counterfeit currency and manipulates the number of reserve0 and reserve1 in the transaction pair contract, causing the price to change. Then re-enter the transaction and trade back to WBNB to get the additional WBNB input. The attackers stole 4,400 WBNB coins (1.6 million dollars) and 22,000 BUSD coins through flash loans ($22,000), 2.5 ETH ($6,800), 1.4 million USDT ($1.4 million), 432,000 BURGER ($3.2 million), 142,000 xBURGER ($1 million), 95,000 ROCKS. \n Earlier news, BurgerSwap officially admitted that it experienced a flash loan attack, and has temporarily suspended the generation of Swap and BURGER to avoid further losses. The technical team is working on this issue and will release a solution later. The total loss so far stands at about $7 million, and officials will try to make up for any losses suffered by users.

As one of the largest cryptocurrency exchanges in the world, Binance has a large user base that is well educated in cryptographical methods. BurgerSwap was able to take this high quality user base and easily bootstrap itself. Meanwhile, BNB and BUSD are the leading cryptocurrencies listed as first-generation tokens on BurgerSwap, which brings a lot of token-holders to BurgerSwap.