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#MySecondFeedPost Hello Binance Square users! I am a new user, I like Japan and I chose coins with names related to this country to start on Binance.
The following is an introduction to Sushi coin (SushiSwap):
SushiSwap is an Ethereum-based decentralized finance (DeFi) protocol that allows users to exchange tokens without the need for intermediaries. It is a fork of Uniswap, one of the most famous decentralized exchanges. SushiSwap has added a number of additional features compared to Uniswap, including the distribution of Sushi tokens (SUSHI) to those participating in the platform.
- Advantage:
- Decentralization: SushiSwap is part of the DeFi ecosystem, helping to eliminate traditional financial intermediaries.
- User Rewards: Users can earn SUSHI tokens by providing liquidity to the platform.
- Community and development: SushiSwap has built a strong community and continuously improves its product with new features.
- Defect:
- Strong competition: SushiSwap faces competition from many other decentralized exchanges such as Uniswap and PancakeSwap.
- DeFi risks: Like many other DeFi projects, SushiSwap is also at risk of being hacked or encountering security issues.
SushiSwap is part of the DeFi trend with great potential in improving the decentralized financial system. However, this coin also carries risks that need to be carefully considered before investing.
The following is an introduction to Sushi coin (SushiSwap):
SushiSwap is an Ethereum-based decentralized finance (DeFi) protocol that allows users to exchange tokens without the need for intermediaries. It is a fork of Uniswap, one of the most famous decentralized exchanges. SushiSwap has added a number of additional features compared to Uniswap, including the distribution of Sushi tokens (SUSHI) to those participating in the platform.
- Advantage:
- Decentralization: SushiSwap is part of the DeFi ecosystem, helping to eliminate traditional financial intermediaries.
- User Rewards: Users can earn SUSHI tokens by providing liquidity to the platform.
- Community and development: SushiSwap has built a strong community and continuously improves its product with new features.
- Defect:
- Strong competition: SushiSwap faces competition from many other decentralized exchanges such as Uniswap and PancakeSwap.
- DeFi risks: Like many other DeFi projects, SushiSwap is also at risk of being hacked or encountering security issues.
SushiSwap is part of the DeFi trend with great potential in improving the decentralized financial system. However, this coin also carries risks that need to be carefully considered before investing.