Seesaw Protocol aspires to be a cryptocurrency designed to bridge multiple blockchains, solving an important interoperability problem within the emerging field. Its creators claim that SSW is going to bridge the Binance Smart Chain (BNB) with Ethereum (ETH) and Polygon (MATIC). On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months. On April 14th, the tokens experienced their all-time high price, trading at $0.46. Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains. It currently runs on the BNB Chain with plans to also run on the Ethereum and Polygon blockchains.
Cryptocurrency has long been the debate about whether a digital payment system can be trusted. From the absence of centralized central banks to creating such a currency using a mining process, much remains to be understood by investors and the public today. According to Seesaw Protocol’s website, the price of SSW has already increased from $0.005 to over $0.041, that’s over 640% return in just a couple of weeks.
Asian Games: Neeraj, men’s 4x400m relay team win gold medals; athletes continue medal run
As such, in future releases, Seesaw Protocol has all chances to become a Polkadot-style interoperability layer for mainstream programmatic blockchains. The Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain, such as BNB Smart Chain, Polygon, and Ethereum. As an open-source protocol standard for liquidity pools, it can provide an endpoint for automated market-making (buying/selling seesaw protocol contract address tokens) against a smart contract. Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain. Stellar , ApeCoin , and Seesaw Protocol have seen a huge increase in buy volumes as cryptocurrency investors anticipate a bullish rally in the coming weeks. All three tokens have seen a considerable rise and you should be on the lookout for such tokens to make big profits as the bull run starts.
During the second phase, there will be 89,000,000 SSW tokens to sell, and during the last phase – 29,7000,000. SeeSaw Protocol was accepting pre-sale money, despite offering no proof of concept or whitepaper. Since the original publication of this article, the team has unveiled a whitepaper, which investors should thoroughly scrutinise.
Premium Partners
Think of it as the standard currency exchange; the stronger your currency exchange rate, the cheaper your imports. SSW’s main objective is to enrich your crypto experience through the promise of a fixed low fee of 3%, better rates, and absolute transparency. 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. The value of your entire portfolio will rise if the volume of transactions is high. The starting trading price of the coin is set at $0.005, while BNB, BTC, ETH, BCH, LTC, DASH, DOGE, USDT (ERC20-TRC20), and many others are allowed as the purchase currency. Hey all I I’m trying to add my wallet and in trust wallet it asked for contract address where do I find it.
The World’s 10 Highest-Paid Athletes 2023 – Forbes
The World’s 10 Highest-Paid Athletes 2023.
Posted: Tue, 02 May 2023 07:00:00 GMT [source]
Through an analysis of “SeeSaw Protocol” Google search results, we can potentially observe a manipulation of the algorithm. A slew of press releases have been sent out by SeeSaw Protocol , with titles also featuring the names of popular projects, including Axie Infinity, The Sandbox, Ripple and others. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.
Sign Up for Our Newsletter!
By bridging multiple blockchains, Seesaw Protocol will enable holders to transfer value between different ecosystems at the best possible rates. It will do this by using the appropriate blockchain (depending on congestion). Despite the fact that the Cardano ecosystem has been upgraded numerous times, the adoption of smart contracts was a watershed moment.
But you have to get the token first 😂😂 and also, what sort of person who “works for” a crypto project tells you to only hold for a year. With the entire market down, Seesaw Protocol’s launch is bringing delight to the cryptocurrency industry. However, at the time of this writing, the audit itself hasn’t been completed, which means that there’s no official security assessment of the Seesaw Protocol. A sample of transactions in the wallet will be promised back to the auxiliary credentials. In simple terms, this means that the audit of Seesaw Protocol (SSW) is likely to be completed after its launch or once the pre-sales have ended when the transactions come into fruition.
How to invest in cryptocurrencies like the SSW protocol?
MATIC, the protocol’s native token, first appeared on Binance Launchpad and is now the driving force behind the Polygon ecosystem as a whole. Polygon has gained a lot of attention in a short time but it now struggling to keep up, losing 15% in 7 days of trade. Polygon (previously known as MATIC Network), was created in 2017 with the goal of competing with and outpacing the Ethereum Blockchain in terms of speed and cost. According to Seesaw Protocol’s cliff and vesting policy, tokens will be distributed between buyers only upon the launch of the protocol in its mainnet version.
- With this in mind, the project is currently being audited by blockchain security firm CertiK, which ensures that code is up to standard.
- Most of the DeFi protocols currently available suffer from problems of liquidity and this is primarily because pools are launched without ensuring a sufficient supply of tokens.
- Also bearing in mind that Seesaw is yet to launch on major exchanges yet, along with the roadmap of the protocol, makes 10,000x sounds like a starting point for SSW crypto coin.
- Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.
- Our report concludes that the Reserve protocols are theoretically sound and the corresponding tokens are very promising in achieving their goal of becoming a stable coin.
Unlike major “bridges” (Solana-Ethereum Wormhole, Anyswap, etc.), Seesaw Protocol is an open-source standard for liquidity pools. With its instruments, traders and liquidity providers can choose the most resource-efficient blockchain from all those available. 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.
Crypto News: Cardano Sees Jump in Smart Contracts and Seesaw Protocol Surges 640% in Presale
” Presumably, SSW coin will be used to facilitate swaps across different blockchains and possible governance options. Perhaps one of the most important accomplishments throughout the industry that we saw is the broader acceptance of various networks. 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. The presale price of the SSW crypto coin started at $.0022 for 1 SSW, guess which coin is trading at $0.44 today?
