What is BinStarter?
BinStarter is a decentralized insurance protocol which has a mining-style approval mechanism that brings together projects and liquidity providers. This insurance is designed to examine the projects according to certain criteria for 30 days and to protect liquidity providers from possible damages against any negativities that may occur.
The popularization of decentralized structures has brought some risks with it. While the risk appetite of investors has increased due to the earning opportunities in the recent period, it has become an indispensable need to create an insurance protocol as a result of unforeseen mistakes or malicious attempts.
At this point, BinStarter, aiming to secure start-ups and liquidity providers with a decentralized protocol, became the first launchpad project to develop the insurance protocol in its field.
BinStarter Features
· Fixed and Insured Swaps
· Insurance Protocol
· Low Transaction Fee
· Fast Process
· Approval Mechanism
· Guaranteed Allocations
Token Utility ($ BSR)
· Management
BSR, unlike many projects, is a decentralized project, fully dependent on community decisions. Decisions are made by the community on projects, additional features, new ideas, project reviews, and much more.
They are working on the scoring and reward system in line with this administrative plan. You can see the basis of this structure as the “Evaluation Pool.”
· Transaction Fees
The transaction fee is of great importance for vital issues such as project continuity, price stability, and continuity of periodic trade. At this point, the details (levels, awards, incentives, transaction fees) within the project are designed to fully protect these measures
1. Transaction fee: Set at 2%. 1% goes directly to the burning and 1% to foundational reserve.
2. When the project owners use the collateral protocol, 50% of the collected fund is converted to BSR, 50% of this rate goes directly to burning. The total amount to be burned is planned to be 23% (23M) of the total supply.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About BinStarter
BinStarter is a collateral-based protocol for chain token pools and auctions designed to increase the capital of Binance Smart Chain-based decentralized projects. To learn more about BinStarter, please visit their website, follow their Twitter and join their Telegram.
