What is SushiSwap (SUSHI)? How does it work?
SushiSwap is a platform operating as AMM. SushiSwap was created by a user nicknamed Chef Nomi as a fork of Uniswap in September 2020. SushiSwap’s native token is SUSHI. If you have questions like: what is SushiSwap (SUSHI), how does SushiSwap (SUSHI) work, how do you buy SushiSwap (SUSHI) and how do you trade SUSHI/TRY and SUSHI/USDT trading pairs, you will find the answers in this article.
This article will cover the following:
What is SushiSwap (SUSHI)?
How does SushiSwap (SUSHI) work?
How do you store SushiSwap (SUSHI)?
How do you buy and sell SushiSwap (SUSHI)?
What is SushiSwap (SUSHI)? How does it work?
SushiSwap is a platform that operates as an AMM (automated market maker). AMM refers to decentralized trading platforms that determine the value of crypto assets with smart contracts rather than order books.
SushiSwap allows users to trade different crypto assets. SushiSwap claims to aim to diversify the AMM market.
SushiSwap runs on the Ethereum blockchain. SushiSwap’s native token is SUSHI. SUSHI is an ERC-20 based token running on the Ethereum blockchain. SUSHI is used in the governance of the SushiSwap network. SUSHI is also used to reward users on the SushiSwap network.
0.25% of the 3% transaction fee on the SushiSwap platform is transferred to liquidity providers. 0.05% of the transferred fee is converted into SUSHI, distributed to users with SUSHI tokens.
SUSHI’s maximum supply is limited to 250,000,000 units.
SushiSwap emerged as a fork of Uniswap in September 2020. SushiSwap states that it aims to be a more advanced platform than Uniswap. SushiSwap was created by a user known by the pseudonym Chef Nomi.
How do you store SushiSwap (SUSHI)?
SUSHI is an ERC-20 based token. You can manage your SUSHI balances using desktop, mobile or hardware wallets that support ERC-20 based Ethereum assets.
How do you buy and sell SushiSwap (SUSHI)?
You can use the BtcTurk | Kripto mobile app or website to buy and sell SushiSwap (SUSHI) with Turkish lira or Tether. If you are not a member of BtcTurk yet, you can become a member quickly on our website or mobile app. You can start trading SushiSwap (SUSHI) by depositing Turkish lira via one of our seven
