Seesaw Protocol SSW Provides A Bridge To Ethereum ETH and Polygon M The Jerusalem Post

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. Seesaw Protocol has confirmed on their official telegram group that they have ordered an audit by Certik. 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. About this statement that certik audit may not be completed before launch. The alarming rate by which the SSW Tokens are rising in value has certainly drawn speculations from the crypto community.

As a result, the fees skyrocketed as the network was getting clogged. Then the next pre-sale round started, which ended a month later, on March 25, 2022, with 89,100,000. The last pre-sale round ended on April 8, 2022, and 29,700,000 SSW tokens are expected to be sold. 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.

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. As we know from the news, the cryptocurrency industry has faced many challenges over the past few months.

Typically, transactions take place on a single blockchain, such as Ethereum or Bitcoin , and no data or tokens can be transferred between blockchains. Seesaw Protocol, on the other hand, will act as a bridge between Binance Smart Chain , Polygon , and Ethereum , allowing holders to transfer tokens between the three popular blockchains. 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. No independent audit – Most new cryptocurrencies consider it standard practice to be audited by an independent third party.

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. While not necessarily wrong, the tactic can be misleading, certik seesaw with SeeSaw potentially riding on the coattails of these better-known projects. Through an analysis of “SeeSaw Protocol” Google search results, we can potentially observe a manipulation of the algorithm.

What is SeeSaw Protocol (SSW): Anonymous project lacks key details

It is also worth noting that the gap concerning Binance Smart Chain, Polygon, as well as Ethereum is anticipated to be connected by SSW in a bid to permit proprietors to allot tokens amongst the three prevalent blockchains. Anyone can purchase the SSW tokens from their pre-sale phase, after which they will be available from Uni Swap and Pancake Swap platforms. 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.

• ” Presumably, SSW coin will be used to facilitate swaps across different blockchains and possible governance options.
• 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.
• Many new projects are made and backed by anonymous creators, in the style of the pseudonymous Bitcoin founder Satoshi Nakamoto.
• A lot of people thought Lucky Block was a scam because of finixio’s rep. DYOR.
• 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.

SeeSaw protocol can help holders find the best cross-network transfers at the lowest prices. «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».

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A lot of people thought Lucky Block was a scam because of finixio’s rep. DYOR. An anonymous team is responsible for creating the SeeSaw Protocol, which is alleged to be based in Switzerland. From the initial $0.005 price per coin during January, the current price stands at approximately $0.132. To answer this question, we must understand both the utility and the tokenomics of SeeSaw Protocol Tokens.

Presently, the project mentions that its holders can use the SSW Tokens on blockchains like Binance Smart Chain , Ethereum , Polygon , etc. Is a global cryptocurrency exchange platform that allows you to trade crypto and other assets. Seesaw Protocol aspires to be a cryptocurrency designed to bridge multiple blockchains, solving an important https://xcritical.com/ interoperability problem within the emerging field. Its creators claim that SSW is going to bridge the Binance Smart Chain with Ethereum and Polygon . 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.

Why is SeeSaw Protocol trending?

Like with all new ideas, anecdotes of scams and uncertainty follow. Unless people have truly endowed their time into gaining knowledge of the mechanisms of cryptocurrency, it is likely that they will always have doubts. 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 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. 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. Is a US-based licensed platform that provides crypto exchange services for US residents. With this being the 1st presale stage, there is still plenty of time for SSW to continue its tremendous growth with now being the opportunity to get in early before its launch in April.

Solana (SOL) Tokens Experience a Major Decline While…

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.

Thanks to the mostly decentralized nature of the crypto market there is often nothing that can be done to halt scams and scammers. 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. Enrich people’s crypto experience through the promise of a fixed low fee of 3%, better rates and absolute transparency.

Should You Invest in SeeSaw Protocol?

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. 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. Cryptocurrency has long been a topic of discussion as to whether the digital payment system can be trusted. 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. Unknown or anonymous developers – On some occasions, it can appear inauthentic if the creators of a cryptocurrency are unknown.

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. The initial month of presale completion raised its value by over 2500% with greater ascend expected after Q3.

What’s going on with the Seesaw Protocol?

Naturally, the DEX platforms demand a crypto conversion or exchange fee which can cost astronomically for transactions of higher value. 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.

Code Audit History

Investors may be sceptical of investing in a coin when they do not know who is behind it. The biggest cryptocurrency in the world has a pseudonymous creator behind it. Seesaw Protocol’s creators are following this approach and choosing to remain anonymous.

Squid Game is possibly the biggest example of a recent scam or ‘rug pull’. Set base price for the SSW tokens was $0.005 with a 3% buy tax for allowing the above-mentioned cryptocurrency purchases. The constituents of buy tax include 1% for token distribution, 1% for LP acquisition, and 1% for marketing tax. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. It’s also important to have a look at the tokenomics of SSW – the native cryptocurrency of the Seesaw Protocol ecosystem.

It is also worth noting that the gap concerning Binance Smart Chain , Polygon , as well as Ethereum is anticipated to be connected by SSW in a bid to permit proprietors to allot tokens amongst the three prevalent blockchains. In the latest crypto news, the Cardano network is currently increasing smart contracts at an unprecedented rate after its September update that sees it perform at a faster rate than ever before. Meanwhile, Seesaw Protocol has seen its price increase over 640% in the first stage of its presale. A utility cryptocurrency simply means that these coins and tokens proposition the right to procure a product or service. Typically, performing transactions on other blockchains with a different cryptocurrency requires using a cryptocurrency exchange platform.