Birb exchange
Introduction :
Traditional finance system is an old way accessing financial service, yet some people still recognise and accept it. Centralization of the traditional finance system took place, and made events worse for people. This even caused a global crisis in 2008, and nothing could be done about it because it wasn't capable. Users put their funds and data at risk whenever they transact with a centralized exchange or financial system, because of the high fees, poor security, presence of middlemen, etc. Hackers also find it easy to hack centralized financial system because all their users' data and funds are stored on a central server. This means once this central server is hacked, so is all the community's funds and data. The decentralized finance system was formed to take care of the problems found in the traditional financial system. Under the decentralized finance system is the decentralized exchange, and has similar aims like decentralized finance system. DEXs was created to bring an end to the problems faced in centralized exchanges. Even so, there are still problems found in DEXs that can't be solved. One of such problem is liquidity. Most DEXs have a lower liquidity compared to centralized exchanges. The Birb platform has handled this problems by leveraging liquidity with an Automated Market Maker. What this means is that whenever a trader trades on the liquidity pool of Birb, he/she trades against users' funds.
Decentralized exchanges is an example of a DeFi application that struggles to keep decentralization alive. This application does not only keep blockchain values alive, but provides more features of cryptocurrency. Use cases of cryptocurrency are created to provide users with more profit. DEXs used in use cases includes voting authority, staking, etc.
Leaving other reasons aside, DEXs was created as an alternative to cryptocurrency trading. It was created to bring an end to the problems found in CEXs by operating a decentralized exchange backed up by blockchain. The users of the platform can use the platform's token to carry out transactions on the network.
Birbswap
The upcoming Birb exchange will let users trade their BEP-20 tokens for one another, and will still give users the right to keep their tokens. Birb will provide a non-javascript version of Birbswap so that users can transact privately without the permission of javascript. This is an optional feature for users who do not like their javascript enabled, and wants to use their Tor browser.
Birbsend
This feature will let users send Birb tokens to whoever they want to on social medias. Token holders can send their Birb tokens through social medias like Whatsapp, Twitter, Discord, etc through their handles.
Birb cancels out the idea of sending tokens only through compatible crypto wallets. Since cryptocurrenciss are aimed to be massively adopted, this is another way to go about it. Token holders can also use this feature as an opportunity to give out to people anonymously. The upcoming app will also have a feature that will recognise the Birbsend. Here, you can send Birb tokens within your friends and family members.
For more information on BIRB Visit :
Twitter : https://twitter.com/BirbDefi
Telegram : https://t.me/birbdefi
Medium :
https://medium.com/birb
Instagram : https://www.instagram.com/birbdefi/
Youtube : https://www.youtube.com/channel/UCofh6d6QSBGdKX9KPZh75SA
Github : https://github.com/birbdev
AUTHOR’S INFORMATIONS :
Bitcointalk Username : Ochawawa
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2830371
ERC-20 Wallet Address : 0x0A27df2f6E6f76dE47078D6a47D9cd28Ff8e85c2