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It should be noted that this cannot be independently quantified at this time. Not only that but unlike its Ethereum and Bitcoin counterparts, Seesaw Protocol is not mineable meaning that the driven course of substantiation and accumulation of new transactions to the blockchain has been eliminated. If the price surge of over 640% in the first stage of its presale is anything to go by, then it is innocuous to adopt the notion that Seesaw Protocol is profitable.
A reader claiming to be an early-stage investor, who wanted to remain anonymous, shared the below email with Currency.com from an individual called Lawrence Harte, whose identity could not be confirmed. After deliberating, SeeSaw confirmed that the email was legitimate. While not necessarily wrong, the tactic can be misleading, with SeeSaw potentially riding on the coattails of these better-known projects. After scrutiny of the scant information made available, Currency.com has been unable to determine how the anonymous development team plans to deliver a working protocol. From the absence of mainstream, centralized banks to the creation of such a currency using the process of mining, there is a lot left to be understood by investors and the public alike. In 2021, this led to a massive trend where other layer-one protocols skyrocketed in both value and popularity.
Often known as the People’s Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and so forth. This project is affiliated with a high-risk Launchpad known as BoostX Finance. After a thorough assessment of BoostX-affiliated projects from CertiK auditors and investigators, we required the project team to undergo involuntary KYC, with which they did not comply. Due to the high-risk investigation findings, and lack of KYC cooperation from the project team, CertiK has terminated all ongoing audits and delisted BoostX-affiliated projects. Social media comments contain a large degree of negative sentiment. No contact information is provided, however, representatives did reach out to Currency.com and agreed to be interviewed.
It offers up to 89,100,000 SW for sale while the final pre-sale phase will offer up to 29,700,000 SSW for sale. Parallelly, the utility cryptocurrencies that currently exist are seesaw protocol audit usually linked to DeFi Projects like Crypto Games or Metaverse. The holders of such tokens can use them to buy in-game items or acquire them by trading their in-game items.
The one true example of this is Bitcoin; despite it being a household name in the crypto market, those outside of these markets view any form of cryptocurrency and its bionetworks as a con. It has a circulating supply of 0 SSW coins and a total supply of 990 Million. If you are looking to buy or sell Seesaw, PancakeSwap is currently the most active exchange. As SSW is currently listed on PancakeSwap we will guide you through how to convert your BTC on the platform. Although if managed properly it is in fact more secure to store your assets in your own private wallet than on exchange wallets. If you are still uncomfortable with using a DEX just yet, check if SSW is available on any other traditional centralised exchanges on the tab above.
GrimaceCoin Undergoes CertiK Audit and Eyes Metaverse ….
Posted: Thu, 17 Feb 2022 08:00:00 GMT [source]
Cross-chain technology is known as a new concept aimed at transferring value and information between different blockchain networks. Besides, SWW plans to take its place on the popular DEX platform UniSwap between July and September. The fact that the project strictly complies with the timeline and development goals is considered by many investors as an important indicator of confidence. Seesaw Finance provides a full list of the services needed for users, who would like to manage crypto assets on the most popular blockchains and p2p exchanging services in a decentralized and open way.
Additionally, it appears the team behind Seesaw Protocol wants to involve the community as much as possible. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Any third-party hyperlinks and banners don’t constitute an endorsement, guarantee, endorsement, warranty, or recommendation by BeInCrypto. Do Your Own Research before using any third-party services or considering any financial action.
The Seesaw token can be swappable between multiple chains with almost 0% commission. While it is fair to not predict its success pending its public release, its importance cannot be overlooked based on the failures of other newly launched tokens. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.
The SSW Tokens are a gateway to developing bridges between various blockchains, DeFi platforms, and swapping governance tokens. I professed to be a rookie, set up a MetaMask wallet and put a little ETH in it. They led me to a simple website that they created and asked me to enter my Secret Recovery Phrase on their website. I did this so I can prevent people from wasting their money and filling the wallets of criminals.
It’s also important to have a look at the tokenomics of SSW – the native cryptocurrency of the Seesaw Protocol ecosystem. The first phase of its pre-sale ends on February 25th, and the expected tokens to sell are 178,200,000. During the second phase, there will be 89,000,000 SSW tokens to sell, and during the last phase – 29,7000,000.
The main reason is that 2.41 million SHIB tokens were burned recently and sent to inferno wallets. A utility cryptocurrency simply means that these coins and tokens proposition the right to procure a product or service. The memecoin has seen multiple big percentage crashes but remains as one of the top-20 cryptocurrencies by market cap today. When the vested tokens were airdropped to users, people began to take profits rightly, and the price tanked. Now that the dust has settled, it looks like support for SSW is beginning to pick up traction again. The project team is considering cross-chain distribution in the 3rd Quarter of 2022, as stated in the Road Map.
Anyone can purchase the SSW tokens from their pre-sale phase, after which they will be available from Uni Swap and Pancake Swap platforms. Allegedly based in Switzerland, the SSW protocol can revolutionize the crypto market in multiple ways, starting with unifying it exclusively. With such strong positives, investors would naturally want to bank on the opportunity of acquiring them, raising their value all the more. While the SSW, a fully decentralized multi DeFi platform, presents such scope, it’s also worth noting that SSW cryptos cannot be mined. Hence, it’s focused on benefitting the proprietors of cryptos without creating grounds for questioning its stability or environmental concerns. Some crypto investors have pointed out a few concerns about the protocol.
PancakeSwap is built on an automated market maker system which relies on user-funded liquidity pools and that is why it can work perfectly without a traditional order book from centralised exchanges. 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.
Yes, such a reason is a critical Red Flag for investors, yet on the other hand, it is being featured by numerous noteworthy media platforms. Again, the latter is simply the effect of SSW marketing itself along with other popular cryptos like DOGE, https://xcritical.com/ XLM, etc. SSW capitalization is set at 990,000,000, and the project is presently in its Q3 pre-sale phase. Its second phase pre-sale ended on 25th February with 178,200,000 tokens sold, and the third pre-sale phase will end on 25th March.
The very fact that SSW appears to be ok with not being transparent in this situation doesn’t really make me feel very good about the project but like I said pocket change on this one. A lot of people thought Lucky Block was a scam because of finixio’s rep. DYOR. After adding the network, switch to the network on MetaMask and you should be able to see your BNB balance on the Binance Smart Chain. Here you can either choose to provide a credit/debit card or use a bank transfer.
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 is likely to be completed after its launch or once the pre-sales have ended when the transactions come into fruition. Like with all new ideas, anecdotes of scams and uncertainty follow. Unless you have truly endowed your time into gaining knowledge of the mechanisms of cryptocurrency, it is likely you will always have doubts. 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.
The SSW tokens are available via the pre-sale phase until April and you can get them here. The alarming rate by which the SSW Tokens are rising in value has certainly drawn speculations from the crypto community. While some are advising caution, others are waiting to gain more knowledge regarding the project. It is because the SSW protocol initially didn’t even have a Whitepaper mentioning its Proof of Concept. Boostx launchpad is a scam n people shud do more edification n report to save other investors out there. To be fair, SSW is new, and we can only expect so much as the project behind this cryptocurrency continues to develop.
Naturally, the DEX platforms demand a crypto conversion or exchange fee which can cost astronomically for transactions of higher value. It appears that MetaMask has now blocked SSW website with a warning message. This is a very interesting situation I invested 100 back at the early stages of stage 1 so not a big deal to me. I was more impressed with their marketing strategy and how they were able to come to market without a white paper. If that certik audit isn’t completed when the presale is over and the SSW team hasn’t attempted to be transparent with the initial certik report I would assume everyone will try to swap out of it day one. On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months.
In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best. The new tokenomics includes a twin token system where VET is used as a governance and staking coin while VeThor is used as a Gas token. VeThor is generated for free and in proportion to the number of Vechain tokens a user holds at any time. Binance – Buy over 350 tokens in seconds with fees as low as 0% 0% FEES Spot, futures, options, NFTs, savings, staking, and Binance Card.
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. Based on such statements, one may find it difficult to decide to purchase the SSW Tokens, but their already exceeding number of sales is an equal deterrent against such doubts. So, it remains a matter of personal choice as to whether you should put your faith and money in the SSW Protocol.
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