Sushi: Launches AMM on BTTC

Sushi, one of the popular decentralized platforms in the DeFi space has officially integrated its Automated Market Makers (AMM) on the BitTorrent Chain.

The integration on the BitTorrent Chain would allow their users to have a convenient option to trade and swap cryptocurrencies.

Sushi users can easily switch to the BTTC network from their cryptocurrency platform and start using the added functionality.

What is Sushi?

Sushi or formerly known as SushiSwap is one of the popular decentralized exchanges (DEX) that was launched in 2020.

Their platform is built on the Ethereum blockchain and primarily functions as an automated market maker (AMM) which is common with other DEX platforms worldwide.

They provide financial services to their users such as trading, staking, and swapping cryptocurrencies that they support.

Sushi has support for over 100 altcoins and 500 cryptocurrency pairs.

Asides from their mentioned financial services, they also have lending and borrowing of cryptocurrencies and they’re popular MISO launchpad (Minimal Initial SushiSwap Offering) which encourages developers to launch their own token on the Sushi network.

Lastly, the decentralized exchange platform has its native token called SUSHI, and holders of the said token are eligible to participate in their platform’s governance and vote on proposals discussed by their community.

What is the BitTorrent Chain?

Last December 2021, BitTorrent announced that they are launching the first scalable heterogeneous cross-chain interoperability protocol called BitTorrent Chain which is a Layer 2 scaling solution available between Ethereum Mainnet, Binance Smart Chain (BSC), and TRON.

The launching of the BitTorrent Chain resulted in the BTT redonmination plan that led to the creation of the BTTC which was the newest native token of the BitTorrent platform. The BTT redenomination plan redenominated old BTT with a swapping ratio of 1:1000.

BTTC tokens would be primarily used for the following:

Becoming a validator on the BTTC network;
Staking on BTTC to gain rewards;
Participating in the governance of the BTTC community;
Paying for gas fees as a native token of BTTC.

Over the past months, we have seen major cryptocurrency exchanges and platforms supporting the BitTorrent Chain.

For more news and updates, see Tron Spark.

Jino Tokieda

Meet Jino Tokieda, a skateboarder for over two decades and a proud father of two. Jino is a unique individual, as he is a Japanese Filipino, and brings a unique perspective to his writing. With over 21 years of experience in the skateboarding world, Jino has a wealth of knowledge and experience to share with others. In addition to his skateboarding career, Jino has also worked as an account executive for a global photography company, giving him a diverse background and a unique perspective on the world. Since 2020, Jino has been writing articles for Tron Spark and has been involved with the TRON crypto community for a few years. With his vast knowledge and experience, Jino is sure to provide valuable insights and information to his readers.