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 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. The price started at $0.005 and has increased by more than 500% to $0.031 at the time of writing. Anyone can purchase the SSW tokens from their pre-sale phase, after which they will be available from Uni Swap and Pancake Swap platforms.
The lock of $1 million in liquidity, alongside the vesting of SSW tokens for two weeks, allows the project to protect the liquidity of the token as well as the legitimacy of the project. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees. This in turn gives investors confidence in the project and its aim of becoming a real player in the crypto market. 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 with Ethereum and Polygon .
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. In terms of its roadmap, the project has a planned pre-sale for the first quarter of 2022 and the subsequent launch on PancakeSwap in the second quarter. 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.
Audit by Certik
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. 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. 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.
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. Initially, the token will be launched on PancakeSwap with a 3% purchase fee and a 5% sale fee. Some of these fees will be redistributed to existing SSW holders providing them with a way to earn passively on their holdings. I professed to be a rookie, set up a MetaMask wallet and put a little ETH in it.
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. It makes rounds in tweets about cryptocurrencies with many claims, labelling it the new Shiba Inu. 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.
DeFi represents a very unique opportunity as it seeks to eliminate middlemen and the barriers surrounding traditional banks and other financial institutions. Many retail customers do not have access to loans and other products due to the high entry barriers in banks. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
Coinmama: A Good Crypto Exchange?
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. Unknown or anonymous developers – On some occasions, it can appear inauthentic if the creators of a cryptocurrency are unknown. Investors may be sceptical of investing in a coin when they do not know who is behind it.
Seesaw Protocol has confirmed on their official telegram group that they have ordered an audit by Certik. You will be able to withdraw the purchased Seesaw Tokens on a BEP-20 Compatible wallet. Seesaw integrates with popular LMS and SIS platforms to build upon what you’re already doing. An anonymous team is responsible for creating the SeeSaw Protocol, which is alleged to be based in Switzerland. A greater hike in SSW valuation is expected by April within the realm of $0.40 – $0.50 or more.
Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date. SSW can be traded and farmed across the Binance Chain, Ethereum, and Polygon blockchains. The Seesaw protocol is a decentralized, multi-chain, noncustodial ecosystem of Defi products, protocols, and services. Allegedly based in Switzerland, the SSW protocol can revolutionize the crypto market in multiple ways, starting with unifying it exclusively.
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. As defined by one of the market-leading listings platforms, CoinMarketCap, a rug pull is a “malicious manoeuvre in the cryptocurrency industry where crypto developers abandon a project and run away with investors’ funds. Add any configuration definitions for the new modules in include/SeesawConfig.h and add any used pins to the CONFIG_GPIO_MASK definition. The following is a brief overview of files that need to be changed when a new module is added.
- While some are advising caution, others are waiting to gain more knowledge regarding the project.
- Anyone can purchase the SSW tokens from their pre-sale phase, after which they will be available from Uni Swap and Pancake Swap platforms.
- Hence, it’s focused on benefitting the proprietors of cryptos without creating grounds for questioning its stability or environmental concerns.
- Because of the very nature of the wallets in exchanges, they will be always online(“Hot Wallets” as we call them), therefore exposing certain aspects of vulnerabilities.
- However, some have taken a heavier hit from the cryptocurrency industry’s bear markets than others, and the Seesaw protocol has been one of them.
Because of the very nature of the wallets in exchanges, they will be always online(“Hot Wallets” as we call them), therefore exposing certain aspects of vulnerabilities. A paper wallet is a type of free cold wallet, it’s basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. Even though there are a lot of cryptocurrencies out there, Seesaw Protocol has emerged as a leading player and not simply a short-lived trend.
The Seesaw Protocol Explained
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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.
The combination of all these factors has resulted in most cryptocurrencies losing aggressively in the markets. However, some have taken a heavier hit from the cryptocurrency industry’s bear markets than others, and the Seesaw protocol has been one of them. This offer is based https://xcritical.com/ on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it . It appears that MetaMask has now blocked SSW website with a warning message.
Among the many reasons to get this digital currency is the reward incentive of simply holding them. A regular airdrop feature enables long-term holders of the token to earn extra coins. 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.
He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks. To be fair, SSW is new, and we can only expect so much as the project behind this cryptocurrency continues to develop. Shiba Inu is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong. The SSW tokens are available via the pre-sale phase until April and you can get them here. 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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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. Cross-chain technology is known as a new concept aimed at transferring value and information between different blockchain networks.
Importance of SSW Protocol
Suffice it to say, after a series of recent high-profile crypto scams, this anonymity has been enough for some to label SSW a scam. There is some FUD concerning Seesaw Protocol, but despite this, it is a far cry from a real crypto scam. 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.
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. SSW is offering pre-sale token purchases without offering a proof of concept. SSW can allow stockholders to gain profits in multiple ways via re-distribution of fees per transaction and referrals.
Certik is one of the leading blockchain technology auditors, and precocious backers can check the progress of their chosen cryptocurrency on their site. Many new projects are made and backed by anonymous creators, in the style of the pseudonymous Bitcoin founder Satoshi Nakamoto. Seesaw Protocol is one of these new cryptocurrencies, and its creators are yet to be named.
Seesaw Finance is a multi-chain, decentralized, non-custodial ecosystem of DeFi products, protocols, and use seesaw crypto cases. Seesaw Token deployed to Binance Smart Chain and will also be deployed on Polygon and Ethereum. Liquidity is locked by delivering liquidity pool tokens to a time-lock smart contract and relinquishing ownership for a set length of time. Any third-party hyperlinks and banners don’t constitute an endorsement, guarantee, endorsement, warranty, or recommendation by BeInCrypto.