BIRB, The Hyper-Deflationary Defi Token Built On The Binance Smart Chain

block.chain22 (7)in #birb • 3 years ago

Decentralized Finance is on-trend now in the business world. However, you might be unaware of this. Don't worry. In this article, I will tell you about a project based on Decentralized Finance. Decentralized Finance, or DeFi, is a rapidly expanding segment of the bitcoin business. While bitcoin coins establish a decentralized store of value distinct from any government-backed fiat currency, DeFi establishes decentralized financial instruments apart from traditional centralized institutions. The majority of DeFi systems take the form of decentralized applications or dapps. These dapps employ smart contracts to automate financial transactions, making them quicker, more efficient, and typically less expensive than their centralized equivalents. Similarly, because dapps are regulated by computer code, which is essentially impartial, bias is not a problem.

What Is Birb?

Birb is a decentralized Hyper Deflationary coin with a single goal: to become a feature-rich and usable cryptocurrency that rewards holders. Birb is intended to be user-friendly and quick while also incorporating all of the features and advancements that will position it as a significant contender in the cryptocurrency industry. The BIRB token is the BIRB ecosystem's native currency. BIRB may be used for rewards, governance tokens, and other Defi functions such as staking and farming in the ecosystem.

Mission Of Birb

The objective is to create a straightforward and enjoyable means for Birb's community and users to make and receive transactions, discreetly exchange tokens, vote on forthcoming improvements, and more. Birb is designed with birds in mind. Cryptocurrency should function similarly to how birds fly freely, ignoring boundaries and politicians. Birb aims to make the Birb token available to everyone, from Generation Z to Baby Boomers, to make domestic and international transactions easy and rapid, with no limits, much like birds.

What Is Deflationary Token?

If a token's total circulating supply is continually being decreased to a predefined level, Birb calls that token a deflationary token; on the other side, inflation adds more of that token to its circulating supply. Thus, inflationary fiat currencies are all government-issued fiat currencies. Tokens or coins are vulnerable to deflation in the realm of cryptocurrencies, and their value will fundamentally grow relative to national currencies. In deflationary cryptocurrencies, the fundamental assumption is to progressively lower the number of access tokens by removing them from the market in a process known as token burning.

How Does Birb Work?

BirB is best downloaded from the official website and stored in MetaMask, Trust Wallet, or Binance Chain Wallet. BirB coins may be acquired through its gaming platform and then used as a payment method. The gaming portal is designed so that users may have fun while still earning money. Birb's future lies in the hands of its users. Users vote via the voting site to determine whether or not the requested feature or other development should be implemented. The BirB professionals also protect this power. To reduce spam votes and equalize voting power among large holders, the BirB needs a minimum balance of 50 BirB coins in the wallet before allowing the user to vote. This provides a common platform for everyone, and newcomers are encouraged to use their other features to earn money and vote.

You may have learned about a new decentralized initiative called Birb from this article. This project, in my opinion, deserves greater attention from other users because it offers everything that is required, namely simplicity, anonymity, and ease. If you find it intriguing, I'll provide relevant links after the post so you may independently acquaint yourself with the project and learn more.

Hashtags: #Birb $BIRB #BNB #BSC #BSCGem #BinanceSmartChain #DeFi #Crypto #Cryptocurrency

For More Information Click Links Bellow:

Website: https://birb.co

Whitepaper: https://docs.birb.co

Telegram: https://t.me/BirbDefi

Reddit: https://www.reddit.com/r/BirbDefi

Twitter: https://twitter.com/BirbDefi

Medium: https://medium.com/birb

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