Burger
Crypto Overview
BurgerCoin (BURGER) is the governance token of BurgerSwap, a decentralized exchange (DEX) built on the BNB Chain (formerly Binance Smart Chain). The token was launched in 2020 and serves multiple purposes within the BurgerSwap ecosystem.
Purpose and Utility
BURGER's primary functions include: Governance rights for protocol decisions, Staking rewards for liquidity providers, Trading fee discounts on the BurgerSwap platform, and Platform revenue sharing for token holders.
Business Model Evaluation
The core business model revolves around decentralized exchange services, which involves the legitimate exchange of digital assets. The platform facilitates actual asset transfers and creates real utility through its trading and liquidity provision services.
Development and Adoption
While BurgerSwap maintains basic functionality, development activity has been notably minimal in recent periods. The platform continues to operate but has seen decreased usage compared to its peak periods.
Token Distribution
Initial token distribution included allocations for liquidity mining, team development, and community incentives. The project implemented vesting schedules for team tokens to prevent immediate dumps.
Crypto Impact
To assign a comfort level investing in Burger from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Burger.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.