Narwhalswap - DeFi on Binance Smart Chain ( BSC ) With Sustainability

    Since February 2020, we have seen a steady growth of the blockchain space and, most significantly, decentralized finance. While DeFi isn’t entirely new, the network’s growth has been more aggressive this year than it has ever been. The distribution of COMP governance token and the introduction of yield farming protocols around June this year has made DeFi the most engaging conversation in the blockchain space, no doubt.

    The DeFi protocol is widely used these days. This protocol have succeeded in attracting many crypto investors and enthusiasts to be able to invest and participate in their platforms, such as swapping, staking, etc. This is something crypto enthusiasts have been waiting for, an opportunity where they can maximize their profit on the crypto market easily and safe

    Narwhalswap is a DeFi platform that can maximize user profits with various DeFi features, such as swapping, staking, etc. Narwhalswap is backed by the Binance Smart Chain, which is the most powerful chain at the moment. Narwhalswap solution will be able to maximize the features of DeFi because as we know that the DeFi protocol currently used by DeFi platforms is still limited and more costly, this is due to several factors such as technology, architecture, etc. But that doesn't mean we can't solve this problem, for example by using the Binance Smart Chain we can reduce costs and make the DeFi protocol more efficient, cheap, and secure.

Why Narwhalswap on Binance Smart Chain (BSC) ?

    Binance Smart Chain (BSC) is an EVM suitable association isolated from "go-ethereum". It upholds reasonable agreements and depends on another part of the agreement, the Proof-of-Stake Agreement (PoSA), which joins the segments of a Proof of Interest and Proof of Authority. The Binance Chain staff bunch has guided the BBC to the ideal open door for De Fai or decentralized money resistance, as general society is progressively excited for particular cash exchanging encouraged by the blockchain.

    For creating Narwhalswap on BSC is that due to building many projects on Ethereum Network, The Ethereum network is congested and takes more time to process the transactions. Also, the Ethereum network takes more fees up to 30$ for just a simple transaction. Because of having high fees, it's difficult for investors to make a big profit from trading. Narwhalswap takes a closer look in this problem and takes fewer fees, not even $1 and, process the transaction as fast as the transaction confirmed.

What is NAR token ?

 

    Narwhal Protocol Token (NAR) aims to provide long term sustainability to the DeFi platform. As a result, NAR token provides holders with voting rights and also equity. Essentially, the team wants to avoid the project collapsing because whale farmers received too many rewards. Currently, the DeFi landscape is filling up with projects that rose very high and then abruptly dropped down to near zero value. There is no infinite inflation with NAR as the total supply is fixed at 21,000,000 NAR.

    There is also a 5% burn rate which happens when a user transfers NAR token. However, only 2.5% is destroyed, the other 2.5% is transferred to a dividend pool. In the future, NAR token holders will claim rewards from the dividend pool. Additionally, there are plans to enable users to pay swap fees in NAR tokens instead of the pool’s native token.

Conclusion

    Narwhalswap Protocol will no doubt make a truly practical DeFi biological system and turning into a focal point of fascination for bunches of undertakings to actualizes BSC CHAIN ans BSC trade convention with no requirement for them creating trade again. 

    Narwhalswap to make the DeFi ecosystem better, faster, cheaper, everywhere, and anytime, with the help of Binance Smart Chain. Narwhalswap welcoming crypto investors and developers to be able to join and participate in Narwhalswap for a better ecosystem.

More information and join now at:

Website : http://narwhalswap.org/
Litepaper : https://docs.narwhalswap.org/
Twitter : https://twitter.com/narwhalswap
Medium : https://medium.com/narwhalswap
Telegram : https://t.me/narwhalswap
Github : https://github.com/narwhalswap

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