BarbecueSwap at the sight of a gem finder
By: Nick Katopodis for GEMZ-BSC
Binance Smart Chain (BSC) protocol Barbecue Finance has seen tremendous growth in a short amount of time. Let’s dive into some of the contributing factors for this rise.
Barbecue Surges in TVL
Yield farming protocol BarbecueSwap has witnessed extraordinary growth in a 5 day period, with a surge in both users and transactions rocketing the Total Value Locked (TVL) on the platform to beyond $5 million.
How has Barbecue been since its launch?
Let’s go over some of their achievements because they are really insane
1) They achieved an IFO on their own platform, outselling the presale by 320% !!! Yes, absolute madness.
2) In just 48 hours they were listed in COINGECKO. https://www.coingecko.com/es
3) Within 55 hours they were enlisted in Dappradar. Here is a link to see the metrics because they are amazing for a Defi project with less than 1 week. https://dappradar.com/binance-smart-chain/defi/barbecueswap-finance
4) They are already audited and on top of that they are doing a second Audit.
5) They were listed on DAPP. But above look how it is ranked. Let’s remember that Barbecueswap.finance came out less than a week ago. Will it hit the top 5 in a few weeks? https://www.dapp.com/app/barbecueswap
6) They announced that their lottery comes out 4 months ahead of schedule. All the rest of developments are going to be done well ahead of schedule and come out much earlier than expected.
7) They already have a committed community, they have groups from various countries. Besides the English group they now have a Hispanic, French, Russian, Inodonesian and they have constant support in all of them.
8)They are about to announce Partnerships with successful BSC protocols.
9) $BBQ token was also listed on BSCscan.https://bscscan.com/token/0xd9a88f9b7101046786490baf433f0f6ab3d753e2
In the course of less than a week the number of wallets interacting with the smart contracts more than doubled to over 2,800, while the number of transactions has increased 145% to around 10,700, according to data from DappRadar.
A Huge Success Story
One of the cited reasons for the recent success of Barbecue Finance is the staking APYs on the platform, which range from anywhere between 900% to over 4,000% in some pools. Barbecue is aggressively pursuing market share and liquidity providers with maximal returns.
They are announcing a BURN on Sunday and the first one they did was huge! According to barbecueswap.finance the fire is always on and the grill is ready.
Today users sat at 2,8K and transactions at 10.7 K Volume was at $2.57 Million and the balance was $3 Million! All this in less than a week.
That ‘s not it! Barbecueswap.finance has broken into the top 30 apps on Binance Smart Chain, rising to number 16 on the Defi Proyects in the BinanceSmartChain
Closing Thoughts
If the company can sustain these growth levels in the long term, the future seems bright for this yield farming protocol. $5 million TVL is an impressive number, to have a single week online.
What is most valued about this project?
They say what they are going to do and they comply with it.
The community participates constantly in the decisions of the project and feels that the project is about to take off. And they are not wrong, at least so far Barbecueswap.finance seems to be serious and is aiming HIGH.
Many thanks to BarbecueSwap for letting me write this. I will carefully follow what happens with your project.
From the Barbecue team we thank everyone who offers to write about Barbecue and the ecosystem.
