Jay Jackson is a crypto trader, researcher and freelance writer. 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. Diversification is as important in cryptocurrency as anywhere else in finance.

Prior to anything ever being released, adequate due diligence and formal evidence packages need created. We believe that many people are still misunderstanding the role of KYC/verification.KYC is a deterrent and not a scam prevention and if anyone says otherwise they are misleading you. The real value of KYC is having a validated real-world identity behind a project.. Planets from Universe are reskinned as “Atoms”, the protocol is a direct fork of Universe with nominal changes to attempt to create more sustainable tokenomics.

Integrating Binance custody allows users access to full-proof cold storage security guaranteed by Binance. The chief financial officer for business shall prepare a request for proposal for audit services every three to five years. Every effort shall be made to seek proposals from qualified firms licensed to perform municipal audits in the state of Oregon. Squid Game is possibly the biggest example of a recent scam or ‘rug pull’. As of writing this article, Grimace Coin has donated dog and cat food to charities and provided McDonald’s meals to homeless people in their area. The Stacks token (STX) is used to power the platform, which is used to execute smart contracts, process transactions, and register new digital assets on the Stacks 2.0 blockchain.

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. Following its launch on PancakeSwap, Seesaw (SSW) intends to lock in liquidity.

1. A hard fork resulted in the creation of the blockchain, and the code was then rewritten.
2. The SSW token can be purchased through PancakeSwap or the native Seesaw Swap site here.
3. Lumens, the network’s native token, acts as a bridge, making cross-border asset trading more affordable.
4. The summary emotion triggered in such hyped up cryptos are hopes for price spike, time to buy now, presale is not to miss and eventually narratives that promise huge profits.

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. Since the Seesaw Protocol network is open-sourced, it can be used across liquidity pools by deploying the smart contract. With time, the SSW token will benefit from increased usage and adoption.

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According to the Seesaw Protocol’s website, the price of SSW has already increased from $0.005 to over $0.025, implying that holders have already received over 400 percent returns. Because holders are unable to sell during the presale, the price can only rise until launch. This is an excellent approach and should be considered by other current and future cryptocurrency seesaw protocol rug pull projects. 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 . Stacks is a layer-1 blockchain solution for smart contracts and dApps on the Bitcoin (BTC) network.

The Seesaw Protocol Explained

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On the back foot, Assure DeFi defended its stance by stating that a KYC “is not a scam prevention, but rather a validated real-world identity behind a project”. DREO to show innovative smart product ecosystem aimed at creating comfortable lives, highlighting award-winning kitchen appliances and a new drink & beverage… In this article, we’ll give you a rundown of The Three S’s of crypto – Stellar (XLM), Stacks (STX), and Seesaw Protocol (SSW) – whose market activity has been looking bullish lately.

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Decentralised Finance has removed barriers surrounding traditional banking institutions making loans and financial products available to even retail users at the click of a button. Seesaw Protocol aims to provide easy liquidity solutions and offer DeFi to all clients. It will ensure $1 million of liquidity that is locked, so there will be no chances of a rug pull.

Trading at $0.1785 at the time of writing, Stellar (XLM) is up around 37% in trading volume over the past 24 hours, according to Coinmarketcap. 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. The Seesaw protocol is a decentralized, multi-chain, noncustodial ecosystem of Defi products, protocols, and services. The fate of any investment in cryptocurrency or blockchain projects rests on the integrity of the project’s computer code.

Some of the biggest red flags in the cryptocurrency world come down to human factors. Sellers keep delivering hyped-narratives, it is for investors to take things with a grain of salt.

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As a user, you will never face issues of inadequate liquidity on the Seesaw protocol. Several Twitter handles pointed out that the project was rugged moments after its official launch, despite receiving a KYC certificate from auditors Assure DeFi. If this sounds familiar, it’s worth noting that Stellar was based on the Ripple Labs protocol at its inception. A hard fork resulted in the creation of the blockchain, and the code was then rewritten. 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.

Lumens, the network’s native token, acts as a bridge, making cross-border asset trading more affordable. All of this is intended to put pressure on existing payment https://1investing.in/ providers, who frequently charge exorbitant fees for similar services. Stellar (XLM) is a decentralized network that allows people to send and receive money.

The SSW token will ensure lower gas fees for users and is a strong investment as the DeFi landscape has tons of potential in the future. The protocol has taken out a CERTIK audit to ensure security and transparency for its client base. Since firms contracted by the project developers usually carry out professional audits, they come with a high cost. The fact is the size of the project, with larger projects taking significantly more time. The second is the project’s level of complexity, with very complex ones requiring more time to review the huge number of variables. Rug pulls are common with decentralized finance, or DeFi, projects that aim to disrupt traditional financial services such as banking and insurance.

Conduct your own due diligence before deciding to use any info listed at this page. If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact with detailed information about your concerns. Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels. Seesaw Finance is a multi-chain, decentralized, and non-custodial ecosystem of Defi products, protocols, and use cases. Users can transfer their crypto assets between multiple chains with virtually no commission using the Seesaw Protocol (SSW). The most popular chains will be supported, including Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH).

While Near and Binance Coin are established cryptocurrency tokens and have seen heavy accumulation, adding Seesaw Protocol periodically could help in realizing greater gains over time. While the initial hours of trading may have gotten off to a sailing start, several users were taken aback when selling was put to an abrupt halt. The total dollar value of all transactions for this asset over the past 24 hours. They also provide an independent assessment of the quality and security of the code, which in turn can improve the credibility and overall trustworthiness of a project.

Seesaw Protocol is the crypto that everyone is talking about because it has had almost a 2250% increase in value since it began in mid-January 2022. The revolutionary crypto has a very powerful vision and arguably, this could be a big part of the crypto’s early success. DOGE’s stock price had already risen by 11% as a result of this announcement in January. Furthermore, as Seesaw (SSW) is traded, a portion of the buy and sell fees will be donated to the Education fund, allowing them to further their humanitarian mission.