The Seesaw Protocol Explained Moni Talks
Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain. The Seesaw Protocol is an open-source standard for liquidity pools, which in turn provides an endpoint for automated market-making (buying/selling tokens) against a smart contract. However, Seesaw Protocol (SSW) is not a passing fad, as it has an ambitious vision that will see it added to numerous exchanges as it seeks to be a true multi-bridge cryptocurrency. SSW will be introduced on the Ethereum, Polygon, and Binance Smart Chains, allowing holders to transfer value rapidly and cheaply between the three mainstream networks.
Long-term tokenholders are rewarded with extra SSW tokens via a regular airdrop feature. These tokens are made available thanks to a 3% tax fee that takes place on every transaction carried out on the network. The job can seem daunting and increasingly difficult for the curious and those interested in the bitcoin industry. But not, you may learn how to invest in cryptocurrency and what is SeeSaw Protocol in this material.
While the market was first hesitant to engage in the brand and accept its presence, we are now witnessing increased investments in the name, as well as large names joining the train. Token launch allocation will be determined after presale ends. Litecoin got perks from altcoin boom previous year reaching its peak of $410.26, but has slipped down the cliff heavily, and was trading at a market value of $112.83. In spite of Litecoin not appearing like it might make a bull run at the moment, there are irons in fire of the digital asset. Jay Jackson is a crypto trader, researcher and freelance writer. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.
Achieving growth of 340% in the past year was a remarkable effort from the Polygon team and 2022 could produce similar results. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. You can earn up to $100 in crypto as a reward for every eligible referral.
And we’re looking forward to how all of this pans out come April 8. That is if Seesaw Protocol crypto still exists when the presale comes to a close. The marketing team behind the Seesaw Protocol crypto token has been busy this past month.
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Now that the dust has settled, it looks like support for SSW is beginning to pick up traction again. As we know from the news, the cryptocurrency industry has faced many challenges over the past few months. It includes the collapse of the cryptocurrency, a massive industry-wide bear market, the complete collapse of Terra Luna and UST, and a challenging economy to invest in the crypto industry. Combining all these factors resulted in most cryptocurrencies losing aggressively in the markets. However, some of them have been hit harder by the cryptocurrency industry bear market than others, and the SeeSaw protocol was one of them.
- Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain.
- Many investors are ready to capitalize on what could be the next ample investment opportunity.
- Users who lend funds receive cTokens, an ERC-20 token representative of the amount they have locked in.
- The value of your whole portfolio will rise if transaction volume is high.
- Let’s say just the promise of a multi-chain fully decentralized finance platform were enough to pique your interest.
The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should https://www.xcritical.in/ not be construed as an endorsement or recommendation to buy, sell or hold. Seesaw Protocol (SSW) is the crypto that everyone is talking about because it has had almost a 2250% increase in value since it began in mid-January 2022.
We use the latest financial technology for instant delivery, and instant verification. You can onboard, purchase crypto, and have it in your wallet in less than 5 minutes. Owners of the coin will benefit from SSW trading, which means that a large trading volume will result in a high value of your held pie.
The current price of COMP $104.2) is a long way off its all-time high of $854.48, making it an investment opportunity worthy of consideration. Seesaw Protocol (SSW) shows that it believes in the crypto world’s future, as they will donate 1% of its marketing funds to international educational institutions. PancakeSwap (CAKE) is a decentralised exchange that runs on the BNB Smart Chain, a blockchain with much lower transaction fees than Ethereum or Bitcoin. It is built on open-source software allowing for maximum transparency. Like Compound Finance (COMP), users can earn a token by providing liquidity to the platform.
USDT is ranked third by market cap behind Bitcoin (BTC) and Ethereum (ETH) but will always be tied to the dollar, with 1 USDT always being worth $1. But that doesn’t mean there’s only a 10% chance that Seesaw Protocol will succeed. But if it does fail, there’s no guarantee any of the money raised will be recouped by investors. The distribution of Seesaw Protocol crypto tokens will take place at the end of the presale. Then, investors will be able to withdraw their tokens onto a BEP-20 compatible wallet. As you can see from the presale price chart, Seesaw Protocol crypto has been heading skyward.
The protocol will be multi-chain, encompassing Ethereum as well as the Polygon network. It allows users to stake, lend or borrow against their digital assets. Users who lend funds receive cTokens, an ERC-20 token representative of the amount they have locked in. Compound has become one of the leading protocols in DeFi and is incredibly popular among yield farmers. At the time of writing, the Compound protocol currently has $10,240,855,954 of assets earning interest across 18 markets.
Seesaw Protocol Now Live At CoinMarketCap As Stellar (XLM) And Litecoin Soars
Its creators claim that SSW is going to bridge the Binance Smart Chain (BNB) with Ethereum (ETH) and Polygon (MATIC). There is no doubt that the coin’s value has the ability to raise https://www.xcritical.in/blog/what-is-seesaw-protocol-everything-you-should-know-about-ssw/ eyebrows and result in a good profit for investment. It will also be less expensive, thanks to plans for a cross-platform NFT marketplace and its multibridge access capability.
According to the official whitepaper, the project is currently being onboarded for audit by CertiK. 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. Login to your account, go to Receive, then select a cryptocurrency to deposit, and click Deposit. Currency.com is PCI-DSS compliant and uses advanced encryption. We’ll help you navigate the crypto market smoothly and get access to all the popular coins like Bitcoin, Ethereum, Litecoin and many more.