Seesaw Protocol shows that it believes in the crypto world’s future, as they will donate 1% of its marketing funds to international educational institutions. Another great feature of the decentralized crypto is that it aims to be a multi-channel DeFi platform, which allows its investors to bridge between Ethereum , Polygon and Binance . Fast forward to May, and the entire cryptocurrency industry started to aggressively move downwards.

• Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.
• Despite it only being April, the team has already integrated a range of developments this year to enhance the Polygon network even more.
• Additionally, purchasing SEESAW tokens will give you access to exclusive features on the Seesaw platform, such as advanced analytics and reporting tools.
• Matthew Makowski is a senior research analyst and writer at Investment U. He has been studying and writing about the markets for 20 years.
• A project like this will take some time to implement and perfect.
• According to the Seesaw Protocols website, the price of SSW has already increased from $0.005 to over $0.025, meaning that holders have already profited by 300 percent.

But since this is still in the presale stage, it doesn’t appear there’s any way to exit a position yet. All those gains from the first folks in are nothing more than a hope at this point. First, it allows you to become a liquidity provider and earn rewards for providing liquidity to DeFi protocols. This can be a great way to generate passive income and diversify your portfolio.

What is going on with the Seesaw Protocol?

Please do the math; we are barely into the first quarter of the year, and we have seen an average of a 1000% increase for holders in a month and without leverage! what is seesaw protocol The meme coins have reached their peak, and there’s only one way from the summit. However, the most significant jump occurred in October of that year.

Remember to compare exchanges and marketplaces, research exchange fees, and understand payment methods before buying. There are dozens of intriguing blockchain https://xcritical.com/ projects, many of which could provide lucrative long-term returns. However, Polkadot and Seesaw Protocol strike me as two of the most intriguing.

Hong Kong Regulator Prompts Banks to Support Crypto Firms

The innovative technology behind Seesaw Protocol is comparable to the effect Polygon , and Avalanche have had in the crypto world. 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. Dip in the past seven days but has rebounded by 1% in the past hour, at this time of writing. That is the name of the game and is a trusted formula that has been tried and tested in the financial market. Upwards of more than 70,000,000 times more significant than when it began in 2021, SHIB has reached its all-time peak. This is the most conclusive proof that meme currencies can create billionaires out of thin air.

The Seesaw token can be swappable between multiple chains with almost 0% commission. Unlike Filecoin and Kadena , the Seesaw Protocol has not yet opened to the public market. Its decentralised design offers security to consumers as there is no single point of attack, making data more difficult to compromise.

Seesaw Protocol (SSW) — Connecting BNB Chain, Polygon, and Ethereum

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, like many coins that’s price was inflated in 2021, LINK started to come crashing down as it suffered a 75.9% dip from its current price of $12.67, at this time of writing. Filecoin is a community-created cryptocurrency that intends to employ blockchain technology to offer a shared digital storage and retrieval mechanism. When it comes to preserving humanity’s most critical information, Filecoin says it is a top priority. The SSW Token can be exchanged between multiple chains with almost 0% commission.

The tokens bought in the presale were vested for two weeks to sustain platform liquidity. Seesaw Protocol is a multichain, noncustodial ecosystem of DeFi products and services running on the BNB Chain, with future plans to run on Ethereum and Polygon as well. Users will be able to use SSW to connect between the three blockchains to find the quickest and most reliable network at any given time.

The 6 Best ICOs For Crypto Investors in 2023

Built on the Ethereum network, Decentraland allows users to purchase LAND, create avatars, and buy or sell digital goods. It is a fully first decentralised virtual world and is controlled and run through a DAO which means the community gets a say in deciding the road map. This is because cryptocurrency holdings are taxed in the same way as any other assets you own, such as stocks and property. Additionally, Ripple’s developers operate RippleNet, an enterprise blockchain network with over 100 financial institutions, including American Express. The protocol is intended to assist businesses with cross-border payments , and its adoption demonstrates confidence in Ripple’s technology.

Both seek to bridge decentralised ecosystems and financial services, and both are pursuing aggressive growth strategies that could result in a significant price increase in 2022. Seesaw Protocol is a cryptocurrency which bridges multiple blockchains, thereby solving an important problem within the cryptosphere. SSW will bridge Binance Smart Chain with Ethereum and Polygon enabling holders to utilise the most efficient blockchain at the optimal time to find the quickest and cheapest transactions. Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.

Mooky coin news: Altcoins are presently dominating the cryptocurrency market

JPMorgan Chase, a leading multinational financial services company, has recently revealed an innovative AI model designed to forecast stock market fluctuations based on Federal… None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities. Seesaw Protocol surge over 8,000% from a starting price of $0.05 to a level of $0.45 when SSW launched, it’s been a remarkable journey for the project. Cryptocurrency, but in traditional finance is buying low and selling high.

The Chainlink (LINK) crisis continues

Developers will not be able to recover funds from the liquidity pool unless they own LP tokens. Since launching on PancakeSwap, later on, this year, holders can expect the release of the multi-chain bridge and swap, cross-chain deployment across Ethereum and Polygon , and the UniSwap launch. It’s not common for cryptocurrencies to achieve widespread interest and excitement before being released. In fact, it’s become such a rarity in the highly competitive crypto market that the last presale to have such an effect on the community could have easily been Ethereum . It should enable blockchains to take advantage of the most efficient blockchain during the optimal time, depending on network congestion, and, therefore, find the quickest and the cheapest transactions.