Seesaw Protocol SSW Soars After Its Launch, Competing for Top Spot With Heavyweights Like Solana SOL And Dogecoin DOGE

SOL and other Solana-based coins are now supported by Coinbase Wallet. This could indicate that Solana (SOL) is on the verge of a bull market run and there is definitely a need for a blockchain project that transforms the market. The following post was written and/or published as a collaboration between Block Telegraph’s in-house sponsored content team and a financial partner of Block Telegraph. The content that follows is for informational purposes only and is not intended to be investing advice. Like Fantom (FTM), https://www.xcritical.com/blog/what-is-seesaw-protocol-everything-you-should-know-about-ssw/ is going to be a multi-bridge cryptocurrency that will enable holders to transfer value between different blockchains.

seesaw protocol

However, interestingly it is well-known how some of the currencies on the cryptocurrency market can be extremely volatile, resulting in loss of investors’ capital and profits. Let’s look at the statistics – Bitcoin (BTC) is selling at $43,000, Polygon (MATIC) has gone down to $1.48, and XRP (XRP) is at a low of $0.77. Seesaw Protocol has gained over 1,000% in the first three weeks of its Presale, showing tremendous backing from its initial investors.

SeeSaw Protocol Last News

Alongside Solana (SOL), Avalanche has been labeled as one of the “Ethereum killers” because of its focus and priority of improving transaction processing speed and scalability. With the launch of SSW on PancakeSwap in Q2 of 2022, the momentum that SSW has will only continue throughout what will be a significant year for the project. 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. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page.

Additionally, it enables liquidity, which is critical for any cryptocurrency to continue trading smoothly. Meanwhile, Seesaw Protocol (SSW) has just entered its presale stage. Like Fantom (FTM), Seesaw Protocol (SSW) offers a multi-bridge, fast, secure, and cheap way to transact, improving upon the likes of Solana (SOL) and Polkadot (DOT). For these reasons,  Fantom (FTM) and Seesaw Protocol (SSW) are two cryptocurrencies with huge potential for 2022. The presale for Seesaw Protocol (SSW) has been live for just under a month. According to its website, the price has already risen by over 1,000% as investors begin to get into the project early.

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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. So far, we have yet to see anything in place that suggests Seesaw Protocol crypto and the project it aims to fuel will actually take place. A project like this will take some time to implement and perfect. So there is still lots of time for this project to come to light before it raises some eyebrows.

  • This information is not intended to amount to advice on which you should rely.
  • Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
  • When the vested tokens were airdropped to users, people began to take profits rightly, and the price tanked.
  • If Seesaw Protocol (SSW) continues at the rapid trajectory it’s currently on; there’s no reason it cannot match or possibly top the success of Sandbox (SAND) and Axie Infinity (AXS) over the coming year.
  • If the project can attract investors back, then it should recover from this devastating crash.

This is only the first step of the Presale, meaning that the opportunity for gains is incredible. With two months to go until the official launch, it’s not unforeseeable that the coin could rise by at least another 5000%. With hundreds of different cryptos launching every week, legit projects must offer some kind of unique utility. Ranked as the 10th biggest cryptocurrency in the world, according to data from CoinMarketCap, Avalanche (AVAX) is a blockchain platform that supports the deployment of smart contracts. Seesaw Protocol is attempting to solve a significant interoperability issue plaguing the cryptocurrency industry as a decentralized multi-chain DeFi platform. The sell-off of SSW tokens from presale investors was inevitable.

Gold Price Forecast for 2023, 2025, 2030 and Beyond

These tokens are subject to larger liquidity and market risks. Recently Solana (SOL) has had some punches to the face, and it has lost a lot during that time. Although Solana (SOL) has witnessed a lot of growth in the previous month, the cryptocurrency market hasn’t been kind to the blockchain platform. Seesaw Protocol (SSW) is a fully decentralized multi DeFi platform that offers its users to ability to bridge between multiple networks. Presale stages are when the native utility token, SSW, is sold on the platforms at a lower price than the one it will be offered on the market, meaning that you get more for what you invest in. The greatest benefit of a presale stage is that the value of the crypto can only climb, never fall.

seesaw protocol

With 2022 looking set to be another massive year in the world of cryptocurrency, it will be interesting to see how projects like Ripple (XRP) and Seesaw Protocol (SSW) play out. This content is for informational purposes only and not intended to be investing advice. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. SSW is a democratic platform aiming to bridge the divisions between three well know platforms – Polygon (MATIC), Ethereum (ETH), and Binance (BNB). It works on a system of rewards where holders can gain profits through various streams and an array of possibilities. These built-in rewards (based on fees and referrals) keep wallets growing.

Price

https://www.xcritical.com/ 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 (BNB) with Ethereum (ETH) and Polygon (MATIC). This offer is based 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 (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector.

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. 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.

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