The Upcoming BirbSwap

Centralized financial system is still recognized and adopted by most people. Some users know what they are getting into, yet they decide to embrace the centralized way of finance. There are so many issues that comes with centralized financial system, including its product, centralized exchange. In some cases, users lose their funds and data all in the name of hackers, and in other cases, they pay a large sum of money for maintenance or transaction fees.
CEXs are exchange platforms that makes cryptocurrency trades easier and faster by making a compilation of trading orders. The centralized exchange organize orders made by users, and their software complements the identical orders to particular users. This means that when a user deposits funds on this type of exchange, the exchange takes possession of the funds. There is a place where the members of a CEX can invest their tokens and receive profits, but the dependence on CEXs is low. They keep the platform's activities and operations to themselves, and do not disclose it to their users. The exchanges are also subject to hacks because they have control of all the users' funds, and can have technical difficulties at any time.
Issues of centralized exchanges

1. Lack of clarity: CEXs keep their operations far from their users, and this can create room to suspicions on the part of the users. It can also lead to price manipulation and wash trading since the users known nothing about what is been carried out within the platform.
2. Open to fraud: Holding digital assets of all the users in a community makes centralized exchanges exposed to hackers from within and outside the network. 2019 was a year we can't forget in the centralized exchange ecosystem. It was a memorable year for centralized exchanges as about $292 million worth of users' cryptocurrencies was stolen from the 12 largest CEXs by hackers. This was possible because of some loops that were present in their servers. Not only are they exposed to hackers, but planned attacks and technical issues.
3. Governing control: This is why they are called “centralized”. They own whatever that is made available on their platform, and can direct any operation however they wish at any point. CEXs are places of control. This is why authorized regulators have the right to seize user's funds and push the hosting companies to open up concerning the user's personal details.
   Conclusion
   Birb understands the need for inventions on the part of decentralized finance. Decentralization is a term that most people are familiar with, and they want most people to recognize it. Birb platform hopes that soon, their token will be easily recognized and embraced both within and outside their platform. They plan to integrate their token in many use cases so it can be easily recognized, and can be an easy way for users to earn profits. Decentralization of finance will be open to and accept more developments and innovations from the DeFi ecosystem.

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 : 0x0A27df2f6E6f76dE47078D6a47D9cd28Ff8e85c