Hello! 👋🏻 In this post, we will tell you about the functions and meanings of smart #contracts in BAEX
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contracts are the most convenient financial instrument that has existed. Thanks to it, platforms can get rid of questionable middlemen.
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The smart contract itself is an intermediary between the user and the or between two users during the. It is impossible to cheat a smart contract because all parties are in complete confidence that everything will be fair and without problems.
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❓ What role do smart contracts play in BAEX?
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Smart contracts are the issuers of BAEX. As soon as is sent to the smart contract to buy BAEX, it immediately issues the required number of tokens.
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If users want to return their Eth using a smart contract, then thanks to it, the burning occurs later.
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📌 In, smart contracts guarantee super liquidity.
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For withdrawals, a 5% withdrawal fee is charged, calculated from Eth, which will be transferred to the user's address. This 100% collateral system with fully transparent accounting on the guarantees token price stability that cannot be lower than the smart contract buyback price.
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Thus, thanks to smart contracts, super-liquidity of the BAEX token is ensured, as well as their emission and burning.
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📢 Learn more about the BAEX project on our website:
https://baex.com/