BarbecueSwap.Finance: A New Yield Farming AMM Platform on Binance Smart Chain

Binance Smart Chain (BSC) protocol, Barbecueswap.finance, has seen tremendous growth in a short amount of time. Let’s dive into some of the contributing factors for this rise.

By
BSCNews
on
May 18, 2021
Category:
Sponsored

Barbecue Surges in TVL

Yield farming protocol, BarbecueSwap, has witnessed extraordinary growth in a 15 day period. A surge in both users and transactions rocketed the Total Value Locked (TVL) on the platform to beyond $3 million, now settling at $2.3 million.

The platform has achieved some notable milestones since launch:

1) They successfully held an IFO on their own platform, the presale was oversubscribed by 320%!

2) In just 48 hours BBQ was listed on CoinGecko

3) Within 55 hours they were listed on Dappradar

4) They are already audited by TechRate and conducting a second audit.

5) Listed on dapp.com

6) All developments on the roadmap are reportedly ahead of schedule. Notably, the team has mentioned that their lottery function is 4 months ahead of schedule.  

7) They already have a committed community, with groups from various countries. Besides an English group, there are now communities for Hispanic, French, Russian, and Indonesian users.

9) $BBQ token listed on BscScan

In less than a week the platform doubled the amount of unique smart contract interactions to  over 3,000. The platform has since faced a correction in most metrics but continues to boast over 10,000 transactions per week. The team has also mentioned that a listing on CoinMarketCap is imminent, which is expected to increase the platforms exposure

 

A Continued Success Story?

One of the cited reasons for the recent success of Barbecue Finance is the staking APYs on the platform, which range anywhere between 200% to over 1,000% in some pools. After one week the platform recorded 2.8K users, 10.7K transactions and a volume of $2.57 Million. The TVL of the platform currently sits at 2.3M .

Barbecue is aggressively pursuing market share and liquidity providers through attractive incentives. They have implemented a BBQ burn every Sunday; the first one they did was almost $80,000! 

https://twitter.com/BarbecueSwap/status/1393719834177855488

The Marketing team is constantly listening to the community and they will decide new developments based on what the community wants. Here is a Short term Roadmap of BarbecueSwap - of which the developer team has proposed:

● Lottery 

● The Grill

● Gaming Platform  With an open-air casino to taste the BBQ

● NFT Marketplace 

● Borrow & Supply

● Barbecue Vaults 

They are going to take the project down the path of flavor. The development team promises to have innovations in mind.

 

Closing Thoughts

If the project can sustain these growth levels in the long term the future seems bright for this yield farming protocol. After a fairly stark correction of 70% in a week the protocol must continue to build in order to bounce back.

The community participates constantly in the decisions of the project and feels that the project is about to take off. Barbecueswap.finance seems to be serious and is aiming HIGH. The protocol has run into its first price correction and only time will tell if the protocol is fit for the market.

 Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

 

For those who wish to learn more about BarbequeSwap, check out the following resources:

dApp
Twitter

Telegram Announcements

Telegram Community

Token address: 0xd9a88f9b7101046786490baf433f0f6ab3d753e2

Stay tuned. They have an experienced dev team and are about to deliver with developments!


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