Dogelon Mars More Meme Coins or Time to Shift to Promising Utility Coins Like Seesaw Protocol?

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 . Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains. Say, it helps for making wide platform cross-blockchain NFT transactions easier besides allowing holders to swap them for any other mentioned tokens at any point.

  • That sounds pretty scheme-y for a token still in the presale stage.
  • However, if the ‘Proximity to suspicious websites’ score is very high (for example over 80) you can rest assured that the website is definitely risky – and you should stay away from it.
  • This could be the next big investment, with all eyes on the currency itself, but caution is advised.
  • The Seesaw token can be swappable between multiple chains with almost 0% commission.
  • With a relatively small investment, it can lead to significant future profits.

Seesaw Protocol (SSW) is a decentralised ecosystem made up of multi-chain DeFi products, protocols, and use cases. As a multi-chain protocol, Seesaw has plans not just to be deployed on BNB Smart Chain, Polygon, and Ethereum platforms. What seems like a fatal dip one day can prove to have been a huge missed opportunity to buy the dip in no time at all. Considering that 24 hours can seem like an age, a year can be life-changing. Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) rose by 100%, 500%, and over 1000% in 2021 respectively. Many investors are ready to seize what could be the next big investing opportunity.

The record for a presale, both in length and in money raised, was EOS (EOS). Seesaw Protocol (SSW), which is also in its presale, has started with similar success and will look to emulate EOS. Given the seesaw protocol volatile nature of the bitcoin market, picking the next investment is tough. Dogecoin (DOGE) has dropped more than 70% since its all-time high in May 2021, a prevalent theme among cryptocurrencies.

What Is Company Details

SSW is characterized as a true multi-chain linking coin that bridges or connects MATIC (Polygon), ETH (Ethereum), and BSC (Binance’s Smart Chain). This allows holders and users to switch at highly attractive rates and can be economically advantageous with its potential solutions for many scenarios. These ledgers are comparable to traditional ledgers in that they are not just electronic, but everyone who possesses one can be a bookkeeper. 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.

is seesaw protocol legit

Basically, preparing children for the future of money and education. Seesaw protocol multi-chain feature allows the token to be swappable between multiple chains (Binance, Ethereum, Polygon) with almost 0% commission. Drastically reducing interchain charges, and providing a more secured swapping option to cross-chain.

Dogelon Mars’s (ELON) association with Elon Musk is a clever marketing ploy to help it gain traction against the hundreds of other available meme coins. Having been launched in April of 2021, ELON quickly became successful, thanks in no small part to its name. It currently has the 118th biggest market cap, the third-largest of any meme coin.

The protocol will be multi-chain, encompassing Ethereum as well as the Polygon network. This is also when the project is expected to launch on Uniswap. The fact that the project is backed by an anonymous team is also concerning to some people. Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date.

Polkadot (DOT)

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.

Is Seesaw Protocol (SSW) a Scam? How to Avoid Cryptocurrency ‘Rug Pulls’ – Coinspeaker

Is Seesaw Protocol (SSW) a Scam? How to Avoid Cryptocurrency ‘Rug Pulls’.

Posted: Thu, 10 Feb 2022 08:00:00 GMT [source]

Over the years, many people have asked us how to delete personal information from Internet. If you want your data deleted entirely from the online jungle, you should contact Incogni immediately. This legitimate data privacy tool officially requires your data removal from many brokers on your behalf. The Tranco rank is based on an amalgamation of Umbrella, former Alexa and Majestic scores, three new platforms that analyze all the websites. Our Scam Detector took a look at this site and its Binance industry and offers you an unbiased review below. On a further note, users have an incentive to invest in this rising coin as Seesaw has a 3% buying fee and a 5% selling price.

It costs less than 1% of the token’s value to move across the network. The tokens may be used for ordinary transactions, and referral bonuses of up to 5% can be earned. EOS’s utility is to allow developers to build dApps (Decentralised Apps) on its open-source platform. Its aim was to make blockchain technology more accessible and therefore further enable programmer adoption of cryptocurrencies and FinTech as a whole.

is seesaw protocol legit

Avalanche (AVAX), Polkadot (DOT), and the Seesaw Protocol (SSW). To increase their net worth, more and more people are turning to digital currency. Overall, this is an excellent opportunity for both beginners and experienced investors. Cryptocurrency presales are used to garner attention, buzz, and funding for new crypto projects. Some presales prove enough of a launchpad for new cryptocurrencies to be successful, whereas a great many go under the radar.

Then, investors will be able to withdraw their tokens onto a BEP-20 compatible wallet. The plan, according to the whitepaper, is to launch a multi-chain fully decentralized finance platform. One that grants the ability to swap, leverage and farm crypto on.

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. 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.

All those gains from the first folks in are nothing more than a hope at this point. The marketing team behind the Seesaw Protocol crypto token has been busy this past month. Since launching in January of this year, the operation’s Twitter feed has quickly amassed a couple thousand followers. It’s got a very active Telegram page with more than 21,000 members. And there’s even a subreddit, Discord server and TikTok pages offering support. Many new projects are made and backed by anonymous creators, in the style of the pseudonymous Bitcoin (BTC) founder Satoshi Nakamoto.






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