The Seesaw Protocol Explained Moni Talks
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You may exchange the SeeSaw token across multiple chains with almost zero fees. «The SeeSaw Protocol is a fully networked liquidity cross-chain protocol that may be implemented on any blockchain which supports smart contracts. The Seesaw protocol is an open source standard for liquidity pools, providing an endpoint for automatically creating a market (buying/selling tokens) on a smart contract».
Since then, they have been averaging about 1000% just before its release on the 8th of April 2022.
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DeFi -Decentralized Finance on dark blue abstract polygonal background. Furthermore, Avalanche is chasing Ethereum in terms of daily transaction count, according to a leading crypto research firm. Messari writes in a new blog post that in the first quarter of 2022, Ethereum had an average of 1.17 million transactions per day. Meanwhile, Avalanche clocked 74% of Ethereum’s average in Q1 and is on track to surpass it in Q2. 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.
Typically, performing transactions on other blockchains with a different cryptocurrency requires using a cryptocurrency exchange platform. Naturally, the DEX platforms demand a crypto conversion or exchange fee which can cost astronomically for transactions of higher value. As a result, SeeSaw platform has the potential to transform DeFi projects. Gas prices on blockchains, especially Ethereum, have a terrible reputation for being outrageous money. SeeSaw protocol can help holders find the best cross-network transfers at the lowest prices. Seesaw Protocol has recently begun its presale and is still breaking into the crypto sphere, providing an amazing opportunity to buy from the ground up and get in before the rush at launch.
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The analysis states that because Polygon MATIC has a fixed supply of 10 billion, an annualized burn would represent 0.27% of the total MATIC supply. The innovative technology behind Seesaw Protocol is comparable to the effect Polygon , and Avalanche have had in the crypto world. Digital signs (hereinafter referred to as “tokens”) are not legal tender and are not required to be accepted as a means of payment. Currency.comhas requested further information via the project’s official Telegram page. The investor, who was banned from the Telegram group, also mentioned being contacted over the phone, possibly to offer discounts on additional pre-sale purchases. SeeSaw was asked whether this had originally come from their team.
Because it is a newcomer, it is too early to speculate on its success. These ledgers are comparable to traditional ledgers in that they are not just electronic, but everyone who possesses one can be a bookkeeper. Also announced Supernets, a scalable blockchain infrastructure aimed at accelerating Polygon and Web 3.0 adoption. Polygon’s stated goal is to achieve mass adoption of Web 3.0, and the company sees Supernets as a major step toward that goal, committing $100 million to their development and adoption. So far, 658,345.05 MATIC has been burned in total, according to the Polygonburn website.
- That sounds pretty scheme-y for a token still in the presale stage.
- He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ.
- 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 material provided on this website is for information purposes only and should not be regarded as investment research or investment advice.
- Each purchase of SSW is subject to a 3% fee, and each sale is subject to a 5% fee.
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. Polygon started as a network for scalability, but it quickly expanded into the multipurpose ecosystem we all know and utilise today. The price of MATIC has fallen as a result of a network-wide problem. Polygon’s network was down, and Ethereum‘s entire blockchain scaling solution was affected. You can choose to buy from sellers from a certain nearby region on the platform.
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Shiba Inu is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong. NewsAnyway is a site dedicated to bringing you the latest stories, surveys and breaking international news. Our team are committed to keeping you up-to-date with stories wherever you are in the world, across a variety of different sectors and industries from politics to entertainment. Seesaw Protocol 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. The revolutionary crypto has a very powerful vision and arguably, this could be a big part of the crypto’s early success.
If you had invested just $1500 in DOGE before to its inception, you would now be a millionaire. The presale will expire on February 25th, 2022, with 178,200,000 tokens set to be sold. SSW has been trending on engines and is currently in the presale stage, with its expected launch just around the corner. The first coin offering for such coins is known as an ICO , and the SSW ICO is attracting a lot of attention. 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.
What’s going on with the Seesaw Protocol?
Also, for each Seesaw token sold, there will be a 5% fee automatically paired with BNB and totaled as a liquidity pair on PancakeSwap. PancakeSwap is one of the world’s biggest leading cryptocurrency exchanges. SSW can be traded and farmed across the Binance Chain, Ethereum, and Polygon blockchains. The Seesaw token is the utility token of the Seesaw protocol ecosystem. 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. Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains.
They were divvied up by the ratio of investment rather than on price alone. For instance, someone who invested 1 Ethereum may receive all 2 million EOS tokens on one day but only receive 200,000 EOS tokens the day after if 10 https://xcritical.com/ people had invested 1 ETH. The EOS presale began with huge sales and lulled in the middle, before skyrocketing towards the end as hype built. An amount totaling more than $4 billion was raised over the course of 350 days.
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. 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.
People who were stuck at home for months on end, either working from home or on furlough, had time to study the ever-growing industry that is cryptocurrency. After suffering crashes of 34% and 55% in the market in 2021, it is rumored that the top dogs are making a comeback. The technical and on-chain metrics have aligned, resulting in a possible rally soon. While the technical and on-chain metrics insinuate an optimistic future. Experts, analysts, and enthusiasts say ETH could potentially grow in value by 400% in 2022. Due to their success, they have reason to be talked about in the crypto community.
This is beneficial to holders because the fees are dispersed among existing SSW holders, thus the longer you hold, the more tokens you’ll have. Unfortunately, even with such high returns, the cryptocurrency is still in its second stage of the presale. This means that it is not available on most exchange platforms today. However, when the Seesaw protocol is publicly available, it is highly likely to start trading at about $0.1.
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Market Overview Total crypto market cap, volume charts, and market overview. The presale itself has been underway for just over two weeks and has so far been an astounding success. This could raise eyebrows in itself but all the evidence points towards legitimacy.
Why is SeeSaw Protocol trending?
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 not be construed as an endorsement or recommendation to buy, sell or hold. Crypto Prices Live cryptocurrency prices, market cap, volume, supply, and more. No independent audit – Most new cryptocurrencies consider it standard practice to be audited by an independent third party. Certik is one of the leading blockchain technology auditors, and precocious backers can check the progress of their chosen cryptocurrency on their site. Unknown or anonymous developers – On some occasions, it can appear inauthentic if the creators of a cryptocurrency are unknown.
For those who believed this was good project ?
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. The SSW Protocol aims to be a cryptocurrency designed to bridge multiple blockchains, solving a vital interoperability issue in a new area.
Its creators claim SSW will be able to merge Binance Smart Chain with Ethereum and Polygon . Additionally, it appears the team behind seesaw protocol wants to involve the community as much as possible. 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. Cryptocurrencies are becoming more widely accepted within traditional finance with firms such as JP Morgan and Deloitte investing heavily. JP Morgan predicts Bitcoin will reach $120,000 within the next 5 years.
Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. The memecoin has seen multiple big percentage crashes but remains as one of the top-20 cryptocurrencies by market cap today. 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.
