Do Your Own Research before using any third-party services or considering any financial action. Perhaps one of the most important accomplishments throughout the industry that we saw is the broader acceptance of various networks. The boom of DeFi summer in 2020 showed that Ethereum, in its current shape and form, is quite unable to handle the massive load of users. As a result, the fees skyrocketed as the network was getting clogged. A lot of people thought Lucky Block was a scam because of finixio’s rep. DYOR.

Like with all new ideas, anecdotes of scams and uncertainty follow. Unless you have truly endowed your time into gaining knowledge of the mechanisms of cryptocurrency, it is likely you will always have doubts. 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. The Seesaw token can be swappable between multiple chains with almost 0% commission.

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. The latter aspect eliminates the need for owning more than one type of crypto wallet as well as prevents maintaining them separately. 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. 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.

What is Seesaw Protocol (SSW), and how does it compare?

No liquidity – It is important to ascertain if a new cryptocurrency has liquidity locked. Seesaw Protocol uses a portion of the transaction fee attached to each purchase and sale to constantly add to its liquidity. 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.

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. Seesaw integrates with popular LMS and SIS platforms to build upon what you’re already doing. Cryptocurrency has long been a topic of discussion as to whether the digital payment system can be trusted.

One Learning Platform All Teachers Need

This is because cryptocurrency holdings are taxed in the same way as any other assets you own, such as stocks and property. 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.

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. 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 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.

Some developers will take advantage of the lack of knowledge that some potential investors have about crypto and defraud them of their money. Thanks to the mostly decentralized nature of seesaw crypto the crypto market there is often nothing that can be done to halt scams and scammers. On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months.

The Official Red Flag Disclaimer

As for now, how the tokens will behave in the future, only time will tell. On the bright side, their current market price makes them an ideal entry point into the crypto market. Just remember to do your research before investing in any crypto project. Allegedly based in Switzerland, the SSW protocol can revolutionize the crypto market in multiple ways, starting with unifying it exclusively. With such strong positives, investors would naturally want to bank on the opportunity of acquiring them, raising their value all the more. SSW capitalization is set at 990,000,000, and the project is presently in its Q3 pre-sale phase.

The SSW Tokens channels multiple blockchains and facilitate delivering value to their proprietors at preeminent rates like standard currency exchange. By retaining its 3% fixed fee on token utility and retaining the transparency of exchange at better rates, the protocol aims to bridge various crypto blockchains in the market. The investors lose out and the creators make off with their money. After the huge successes of 2021, in which almost every coin broke through to reach new all-time highs, it is not a surprise that many people are rushing to create new projects. Unfortunately, not of all these creators have the best intentions.

• SSW capitalization is set at 990,000,000, and the project is presently in its Q3 pre-sale phase.
• The fact that the project is backed by an anonymous team is also concerning to some people.
• The SSW Tokens are a gateway to developing bridges between various blockchains, DeFi platforms, and swapping governance tokens.
• 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.
• The Seesaw token can be swappable between multiple chains with almost 0% commission.

Again, the latter is simply the effect of SSW marketing itself along with other popular cryptos like DOGE, XLM, etc. While it is fair to not predict its success pending its public release, its importance cannot be overlooked based on the failures of other newly launched tokens. Seesaw Protocol is available to purchase now; the first stage of presale ends on February 25, 2022, in which a second stage will shortly commence. Sales are up until the 3rdand last presale, which is expected to take place on April 8, 2022.

How do I know Seesaw Protocol (SSW) is not a scam?

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. Parallelly, the utility cryptocurrencies that currently exist are usually linked to DeFi Projects like Crypto Games or Metaverse. The holders of such tokens can use them to buy in-game items or acquire them by trading their in-game items. Unknown or anonymous developers – On some occasions, it can appear inauthentic if the creators of a cryptocurrency are unknown.

So, it remains a matter of personal choice as to whether you should put your faith and money in the SSW Protocol. Seesaw makes engaging, personalized learningpart of every student’s experience in school. Any third-party hyperlinks and banners don’t constitute an endorsement, guarantee, endorsement, warranty, or recommendation by BeInCrypto.

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’. It’s also important to have a look at the tokenomics of SSW – the native cryptocurrency of the Seesaw Protocol ecosystem.

Is Seesaw Protocol (SSW) a Scam?

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. An anonymous team is responsible for creating the SeeSaw Protocol, which is alleged to be based in Switzerland. 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.

SEESAW HAS LAUNCHED

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. Anyone can purchase the SSW tokens from their pre-sale phase, after which they will be available from Uni Swap and Pancake Swap platforms. 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.

Seesaw

Shiba Inu is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong. The Seesaw protocol is a decentralized, multi-chain, noncustodial ecosystem of Defi products, protocols, and services. SSW is offering pre-sale token purchases without offering a proof of concept. The SSW tokens are available via the pre-sale phase until April and you can get them here. 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.

Holders of the tokens can use them to connect between the three blockchains to find the quickest and most reliable network at any given time. The SSW Tokens are a gateway to developing bridges between various blockchains, DeFi platforms, and swapping governance tokens. No independent audit – Most new cryptocurrencies consider it standard practice to be audited by an independent third party. Certik is one of the leading blockchain technology auditors, and precocious backers can check the progress of their chosen cryptocurrency on their site.

Seesaw Protocol has confirmed on their official telegram group that they have ordered an audit by Certik. 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.

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 https://xcritical.com/ SSW tokens to sell, and during the last phase – 29,7000,000. The Seesaw token is the utility token of the Seesaw protocol ecosystem.