Look out for these Innovative DeFi protocols PancakeSwap CAKE, Compound Finance COMP & Seesaw Protocol SSW

These industry titans have invested in currencies such as BTC (Bitcoin) and AVAX (Avax) (Avalanche). The new interest in SeeSaw Protocol, which is now in its presale stage, has a lot of people thinking about this coin. In this essay, we will strive to address every question, from the perspective of a novice to that of a seasoned investor. CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap.

The first coin offering for such coins is known as an ICO (Initial Coin Offering), and the SSW ICO is attracting a lot of attention. SeeSaw Protocol, a cryptocurrency based on blockchain technology, is a type of electronic money. https://www.xcritical.in/ The core notion of blockchain is that it is a distributed ledger, which means that it requires consent among the parties involved whenever a transaction is made. How Can You Invest in Cryptocurrencies Like SeeSaw Protocol?

Many investors are poised to capitalize on what may be the next major investment opportunity. Seesaw, which has characteristics that appeal to investors all around the world, has the potential to produce large profits for those who are able to hop on board early enough. Many investors are ready to capitalize on what could be the next ample investment opportunity. SSW attracts investors worldwide; it may generate big profits for those who can jump on board early enough. It should allow taking advantage of the most efficient blockchain at the optimal time, depending on network congestion, and therefore find the fastest and cheapest transactions. The fact that the project is backed by an anonymous team is also concerning to some people.

The boom of DeFi summer in 2020 showed that Ethereum, in its current shape and form, is quite unable to handle the massive load of users. As a result, the fees skyrocketed as the network was getting clogged. All crypto transactions on the platform require verification on the blockchain.

At the last time we checked, its value is up more than 578% since the presale first launched. But since this is still in the presale stage, it doesn’t appear there’s any way to exit a position yet. All those gains from the first folks in are nothing more than a hope at this point. During Q2, the team should also roll out the Seesaw multi-chain bridge and swap function and the cross-chain deployment for Ethereum and Polygon in the third quarter. This is also when the project is expected to launch on Uniswap.

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SSW is up 9.33% against Ethereum and up 7.98% against Bitcoin in the last 1 month. Enhance or build your brokerage business from scratch with our advanced and flexible trading platform, CRM, and a wide range of custom solutions. Following its much anticipated release, Seesaw witnessed a rise of 100% the initial 24 hours and surged to a valuation of $0.41 as of this writing, an incredible surge. The likes of Stellar (XLM) and Litecoin (LTC) are among the some conventional crypto assets within sector and in spite of stagnation and dips, fortunes might take a turn soon.

  • And there’s even a subreddit, Discord server and TikTok pages offering support.
  • Every investor, like every newcomer and every industry, is encouraged to conduct their own study and make their own decisions.
  • It benefits holders because fees are shared among existing SSW holders, so the longer you hold, the more tokens you will have.
  • It will be offered on exchanges such as Uniswap and PancakeSwap, with a 3 percent fee on purchases and a 5 percent cost on sales.

Furthermore, owning and retaining the Seesaw token may result in benefits. Those who bought the tokens will earn from everyone who buys and sells them, with a portion of all purchases and sales going back to the Protocol. The value of your whole portfolio will rise if transaction volume is high. Seesaw Protocol is a multichain, noncustodial ecosystem of DeFi products and services running on the BNB Chain, with future plans to run on Ethereum and Polygon as well. Users will be able to use SSW to connect between the three blockchains to find the quickest and most reliable network at any given time. Those who bought tokens will earn on everyone who buys and sells them, while part of all purchases and sales are returned to the protocol.

Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results. The other and slightly more speculative way to invest is during a presale. Presale cryptocurrency investments are protected until the project officially launches.

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Holders of the tokens can use them to connect between the three blockchains to find the quickest and most reliable network at any given time. Beginning the presale in January, with a value of $0.005, SSW has catapulted to a price of $0.17390, at this time of writing, with the price still estimated to rise between $0.20 and $0.25. Tezos has similarities with Ethereum (ETH) in that its blockchain is based on smart contracts. Where it differs is in the creators’ claims that it could offer a more advanced and more adaptable infrastructure. It has billed itself as “the last cryptocurrency” and claimed to be “secure, upgradable and built to last”. But that doesn’t mean there isn’t reason to be somewhat skeptical.

Seesaw Protocol (SSW) Presale: Will It Compare to Filecoin and Tezos?

Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date. The Seesaw protocol is a decentralized, multi-chain, noncustodial ecosystem of Defi products, protocols, and services. Alongside its cross-chain capacity, Seesaw has plans to delve into the metaverse and has earmarked digital learning as the key path as they look to venture into the virtual world. With 9 days remaining in phase 3 of Seesaw Protocol’s (SSW) presale, the opportunity to invest in this exciting project is getting smaller each day.

Because the protocols outlined behind the blockchain network are very technical and nearly hard to tamper with, this offers greater security with no worry of tampering or hacking in between. These ledgers are comparable to traditional ledgers in that they are not just electronic, but everyone who possesses one can be a bookkeeper. Now that Seesaw Protocol is listed on PancakeSwap, it can be traded like every other token. During the next few months, Seesaw Protocol may cement itself as an established DeFi cryptocurrency. If the project can attract investors back, then it should recover from this devastating crash.

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Bitcoin is the most popular and lucrative of them, but there are many others in the market vying to top the charts with their added worth. The Seesaw Protocol team is committed to building the most significant possible crypto community, and one way to do this is to charge a fee on every transaction. Each SSW purchase is subject to a 3% commission, and each sale is subject to a 5% commission. It benefits holders because fees are shared among existing SSW holders, so the longer you hold, the more tokens you will have. With a relatively small investment, it can lead to significant future profits. As a result, SeeSaw platform has the potential to transform DeFi projects.