Having shattered all previous records, the SSW presale has entered the ranks of crypto-presale classics such as DOGE and ETH, which have all earned millions of dollars in incentives for investors globally via their respective token sales. Investors are returning millions and bringing the new blockchain network to the top of the list for the best cryptocurrencies to invest in for 2022. An index that measures market sentiments, Crypto Fear and Greed, indicates that investors are currently in a state of overwhelming anxiety. The index now stands at 32 out of 100, which conveys a feeling of fear.
The XLM token was trading at the $0.2 level at the time of writing. 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. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
The Seesaw protocol has recently completed its presale and can be purchased through decentralized exchanges such as PancakeSwap and Seesaw Swap. The SSW token will power the NFT and Metaverse empire along with the Seesaw Swap liquidity pool DeFi initiatives. Through their ‘Feeding the Needy’ campaign, Grimace Coin donates to various charities and initiatives. The initiative is backed by theholders, which also have a say in who receives McDonald’s gift card donations. It’s also important to have a look at the tokenomics of SSW – the native cryptocurrency of the Seesaw Protocol ecosystem.
The ApeCoin has been launched by Yuga labs, the company behind the popular Bored Ape Yacht Club NFTs. Our report concludes that the Reserve protocols are theoretically sound and the corresponding tokens are very promising in achieving their goal of becoming a stable coin. Most of the DeFi protocols currently available suffer from problems of liquidity and this is primarily because pools are launched without ensuring a sufficient supply of tokens. The Seesaw protocol has ensured that $1M of liquidity will be added. With this jump start you will hopefully need not worry about issues of liquidity on Seesaw protocol ever again.
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. The Seesaw token can be swappable between multiple chains with almost 0% commission. The very fact seesaw protocol audit that SSW appears to be ok with not being transparent in this situation doesn’t really make me feel very good about the project but like I said pocket change on this one. About this statement that certik audit may not be completed before launch.
Anyone can access Certik’s website and follow the audit by searching for Seesaw Protocol. The Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain. 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. Seesaw Protocol is a new cryptocurrency that is currently in a “presale” stage ahead of its launch in April. Seesaw Protocol will be available initially on PancakeSwap for a 3% purchase fee and a 5% sale fee. It is worth noting that this cryptocurrency is only in the first stages of its presale, and a major amount has already been achieved.
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There are somethings money can’t buy – but it can buy Seesaw Protocol , Avalanche and Cardano | The Guardian Nigeria News – Nigeria and World NewsThe world of crypto has experienced a lot in the last decade. He pointed to USDC’s timely reporting—on a monthly basis, compared with the quarterly reports of Tether—as well as “multiple caveats” related to the information in its most recent report. Nearly $12 billion of its reserves is in secured loans, precious metals, and other cryptoassets “that still could use some more detail and transparency,” Smith said. It helps assure the authenticity of the project’s well-being as well as reduce susceptibility to losses. Investors are rational and will therefore not commit their investments in an insecure project. A blockchain protocol audit is quite a complex process that requires several parameters to be established.
Dogecoin prices flipped higher in the last 24 hours after its most celebrated backer, Elon Musk, purchased Twitter for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021. While some may raise eyebrows at the speed at which the project has grown, they only need to look at the expansion of the DeFi industry last year, which reached a record high of $236 billion TVL .
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If that certik audit isn’t completed when the presale is over and the SSW team hasn’t attempted to be transparent with the initial certik report I would assume everyone will try to swap out of it day one. A professional blockchain protocol audit always results in the minimization of risks to attacks for the specified project. Its results are comprehensive, resulting in a better understanding of a project’s architecture and use cases. Its results https://xcritical.com/ are usually valid, requiring no further audits in the near future. This incredible feat highlights the power of the so-called ‘meme coins.’ and their potential to provide investors with outstanding ROIs. In response to Musk’s humorous suggestion, McDonald’s stated that they would if “Tesla started accepting Grimace Coin.” It’s worth noting that the currency didn’t exist at this point in time – this was all part of a joke on McDonald’s part.
- There’s plenty of research into the benefits of this, with J.P Morgan recently reporting that metaverse has the potential to be a USD 1 trillion annual market.
- 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.
- The token’s value has a good chance to increase with a fee-sharing reward system, making it a solid investment opportunity that shouldn’t be overlooked.
- This is because cryptocurrency holdings are taxed in the same way as any other assets you own, such as stocks and property.
- According to the Seesaw Protocol’s website, the price of SSW has already increased from $0.
A utility cryptocurrency simply means that these coins and tokens proposition the right to procure a product or service. Since firms contracted by the project developers usually carry out professional audits, they come with a high cost. Given these factors, the time taken to audit a blockchain protocol varies greatly. Auditing a small and fairly simple project may need just one day, while huge and complex ones could run for several months.
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Investors may be sceptical of investing in a coin when they do not know who is behind it. The biggest cryptocurrency in the world has a pseudonymous creator behind it. Seesaw Protocol’s creators are following this approach and choosing to remain anonymous. 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. Content Cryptocurrencies To Consider Buying Best Crypto Exchanges Of 2021 Coinsbit The platform accepts easy payment gateways such as UPI and IMPS.
It was predicted that the news of the launch would result in a surge of interest in the SSW utility token and a corresponding rise in value. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk – this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision. Seesaw is the utility token for Seesaw Finance ecosystem, traded and farmed on decentralized – centralized exchanges across the Binance Smart Chain, Polygon and Ethereum. This offer is based on information provided solely by the offeror and other publicly available information.
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There is one primary aim behind every smart contract or blockchain protocol. It detects high severity bugs on the code that increase its vulnerability to exploitative attacks by hackers. SSW provides several services to users who need to manage crypto assets on the most popular blockchains and peer-to-peer exchanging services in a decentralized, open way. It has been rising for more than a month now with no signs of stopping. Initially, the token will be launched on PancakeSwap with a 3% purchase fee and a 5% sale fee.
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. 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.
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According to their website, Cardano is a blockchain platform for ‘changemakers, innovators, and visionaries. Liquidity is locked by delivering liquidity pool tokens to a time-lock smart contract and relinquishing ownership for a set length of time. Developers will not be able to recover funds from the liquidity pool unless they own LP tokens. Seesaw Finance provides a full list of the services needed for users, who would like to manage crypto assets on the most popular blockchains and p2p exchanging services in a decentralized and open way. A comprehensive review of Reserve’s economic model was carried out by economists from the CertiK team for estimation of potential market manipulations related to their token.
Veith declined to comment on the USDC audit, saying he couldn’t discuss individual clients. Circle’s USDC approach with Grant Thornton—in accordance with AICPA attestation standards—has nonetheless won it plaudits for transparency. One of the best methods to reach out to potential clients or existing ones by firms is to put out an official… Today we will be discussing the future of artificial intelligence and machine learning… The primary tool is the automated bug detector, whose primary role is, as its name goes, to detect bugs automatically.
Duration of the Audit
Not only that but unlike its Ethereum and Bitcoin counterparts, Seesaw Protocol is not mineable meaning that the driven course of substantiation and accumulation of new transactions to the blockchain has been eliminated. 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. 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 the crypto market there is often nothing that can be done to halt scams and scammers. 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. Initially, the token will be launched seesaw crypto on PancakeSwap with a 3% purchase fee and a 5% sale fee.
The Reserve smart contracts were tested against both common and uncommon attack vectors. As professional crypto protocol auditors perform, a crypto audit is a comprehensive review of the blockchain’s or smart contract’s protocol. Non-professional audits may not have a comprehensive enough review due to inadequate tools or expertise. The CertiK team appreciated the professionalism of the Reserve team and the timely responses to feedback. The project has also released its white paper detailing what they plan to accomplish in a roadmap of 2022 as well as the Seesaw NFT platform. As well as its congestion issues, Ethereum had been known for its extortionate gas fees that had seen many flee the network in place of a more affordable blockchain to perform its transactions.
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You can increase your SSW holdings by not selling and receiving rewards over the long term. 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. This is an excellent approach and should be considered by other current and future cryptocurrency projects. 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.
Early investors in APE and XLM have earned huge returns and you can also get a chance at financial independence through the SSW token. The Seesaw protocol has invested a lot of research into ensuring that users get the best possible liquidity for their trades across the NFT and Metaverse platform. This is ensured through Seesaw’s SmartTrade and liquidity aggregation service. CertiK offers an excellent solution, having already secured other popular projects, such as Binance and Huobi.
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The firm identifies vulnerabilities and provides valuable solutions to sure-up those potential system weaknesses. One of the exciting things happening at Grimace Coin is metaverse development. There’s plenty of research into the benefits of this, with J.P Morgan recently reporting that metaverse has the potential to be a USD 1 trillion annual market.