What is SUSHI? Detailed introduction to the online trading platform and total amount of SUSHI coins

SushiSwap, a decentralized exchange and liquidity provider, enables users to trade cryptocurrencies directly with each other, without intermediaries.

Oct 13, 2024 at 12:36 pm

What is SushiSwap?

SushiSwap is a decentralized automated market maker (AMM) and decentralized exchange (DEX) platform that operates on the Ethereum blockchain. It allows users to trade cryptocurrencies in a peer-to-peer manner, without the need for a middleman.

How Does SushiSwap Work?

SushiSwap uses a liquidity pool model, where users deposit their crypto assets into a smart contract-based pool. These pools are used to facilitate trades between users, and the protocol charges a small fee for each trade. The fees are then distributed to liquidity providers, incentivizing them to keep their assets in the pools.

Benefits of Using SushiSwap

• Decentralized: SushiSwap is a non-custodial platform, meaning that users have complete control over their funds.
• Low fees: SushiSwap's trading fees are significantly lower than those of centralized exchanges.
• Variety of assets: SushiSwap supports a wide range of cryptocurrencies, including major coins like Bitcoin, Ethereum, and stablecoins.
• Yield farming: Users can earn additional rewards by providing liquidity to SushiSwap's pools.

Total Amount of SUSHI Coins

The total supply of SUSHI coins is 250 million.

SushiSwap's Road Map

SushiSwap has an ambitious roadmap for the future, including:

1. Expanding to other blockchains: SushiSwap plans to launch on other blockchains, such as Polygon, Binance Smart Chain, and Avalanche.
2. Introducing new features: SushiSwap is planning to add new features, such as margin trading and derivatives trading.
3. Becoming a full-fledged DeFi hub: SushiSwap aims to become a one-stop shop for all DeFi needs, offering a range of services such as lending, borrowing, and insurance.