Home Bitcoin News Bitcoin Scam Is Seesaw Protocol (SSW) a rip-off? | The Guardian Nigeria Information

Is Seesaw Protocol (SSW) a rip-off? | The Guardian Nigeria Information

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Seesaw Protocol (SSW) is a brand new cryptocurrency that’s presently in a “presale” stage forward of its launch in April. In response to its web site Seesaw, Protocol claims to be a multichain bridge, connecting Binance Sensible Chain (BNB) to Ethereum (ETH) and Polygon (MATIC), enabling holders to make use of essentially the most environment friendly blockchain on the optimum time (relying on congestion) to finish transactions rapidly and cheaply.

Nonetheless, as highlighted in a current forex.com article, there are nonetheless a whole lot of unanswered questions concerning this new cryptocurrency, as voiced by some holders on Telegram and Twitter. Consumers ought to at all times watch out for potential scams and rug pulls. Let’s check out what data is out there.

The place is the white paper?

After conducting intensive analysis, it seems as if some necessary questions could be addressed. As an illustration, the white paper for Seesaw Protocol could be discovered at this hyperlink: http://docs.seesawprotocol.io/  

Seesaw Protocol’s white paper addresses how the brand new cryptocurrency will function and its future roadmap.

“Seesaw Protocol is a totally on-chain liquidity protocol that may be carried out on any sensible contract-enabled blockchain,” the white paper states. “Seesaw Protocol is an open-source normal for liquidity swimming pools, which act as an endpoint for automated market-making (shopping for/promoting tokens) along side a wise contract.”

“Seesaw tokens could be exchanged between a number of chains with a fee of lower than 1%. That is extraordinarily advantageous for all of our customers”.

Seesaw Protocol shall be accessible initially on PancakeSwap for a 3% buy payment and a 5% sale payment. A few of the charges are distributed amongst present SSW holders, which signifies that the longer you maintain SSW, the extra charges you’ll accrue.

How a lot cash has been raised via the presale?

Foreign money.com has raised a particularly pertinent query concerning SSW’s presale income. In response to the Seesaw Protocol’s web site, the value of SSW has already elevated from $0.005 to over $0.025, implying that holders have already obtained over 400 % returns. As a result of holders are unable to promote throughout the presale, the value can solely rise till launch.

SSW Value based on https://seesawprotocol.io

The presale data could be accessed by creating an account and clicking on the dashboard on Seesaw Protocol’s web site. The data seems to be up to date on a near-real-time foundation.

The place is the proof of idea?

Certik is presently auditing the Seesaw Protocol. Certik is a blockchain safety agency that leverages synthetic intelligence to observe and safe blockchain protocols and sensible contracts. Certik’s mission is to safe the cyber world, and this audit will undoubtedly contribute to a lift in stakeholder confidence.

Anybody can entry Certik’s web site and comply with the audit by looking for Seesaw Protocol.

Unresolved points

Whereas many questions have been addressed, there are just a few that haven’t. These embrace: Who makes up the crew and what’s their background? The place are their headquarters?

The whitepaper doesn’t reveal this data; nonetheless, it’s value noting that there are quite a few “reputable” cryptocurrencies with nameless creators and groups, together with Bitcoin.

Enter Presale: https://presale.seesawprotocol.io/register 

Web site: https://seesawprotocol.io/ 

Telegram: https://t.me/SEESAWPROTOCOL 



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