DeFi Cryptocurrencies Like Safemoon (SAFEMOON) and Seesaw Protocol (SSW) Could Be the Future
by Analytics Insight
February 19, 2022
People can accomplish virtually anything with DeFi cryptocurrencies that they couldn’t do with conventional banks.
Many people believe that the notion of cryptocurrency is noble; it is an attempt to take power away from existing financial organisations and place it in the hands of the majority of ordinary people. The umbrella term for the bulk of the services that supply this is DeFi (decentralised finance). There are a variety of DeFi cryptocurrencies available, ranging from well-known projects like Terra (LUNA) and Chainlink (LINK) to new projects like Safemoon (SAFEMOON) and Seesaw Protocol (SSW).
What actually is DeFi?
People can accomplish virtually anything with DeFi assets that they couldn’t do with conventional banks. DeFi is more accessible, faster, and more ubiquitous than Wi-Fi. This is because DeFi allows direct peer-to-peer communication rather than relying on a centralised organisation. Another benefit of DeFi systems is that they can be anonymous, making them accessible to anyone with internet access. Pseudonymous transactions are popular because they offer a great deal of privacy.
These trades are conducted on decentralised exchanges such as Uniswap and Pancakeswap. The Ethereum (ETH) blockchain powers the majority of DeFi services. The Ethereum platform’s smart contracts have a lot of flexibility and can be customised. The forthcoming launch of ETH 2.0 could give DeFi projects an even bigger boost.
Safemoon started operating in March of 2021. On the 12th of March, it was listed on CoinMarketCap, with a price of $0.00000003 and a total supply of 777 trillion tokens. It didn’t take long for the price to rise dramatically, and in April 2021, just a month after inception, each SAFEMOON token was worth $0.00001399. Safemoon’s numbers grew by about 50,000 percent as a result of the publicity around it. At its all-time peak, a $1,000 investment would have been worth nearly $14 million.
Safemoon’s founders claim that it was created to encourage long-term investment from its investors. There is effectively a sale penalty in order to do this. Each sale of Safemoon has a ten per cent charge, half of which is transferred to other existing SAFEMOON holders and the other half to a liquidity pool that seeks to keep the price of SAFEMOON stable. It has, nevertheless, proven to be exceedingly volatile. The protocol’s name alludes to cryptocurrency’s ever-growing meme culture, and its inventors are counting on the popularity of meme currencies to help Safemoon grow even more in 2022. SAFEMOON is presently trading at $0.000001402, a decrease of approximately 89% from its height.
Seesaw Protocol (SSW)
Seesaw Protocol’s (SSW) presale is just under a month old and has rightly garnered a lot of publicity and attention. SSW maintains the goal of building on the success of Safemoon, but with more functionality and less price fluctuation. Users will be able to conduct cross-chain exchanges using SSW’s platform. It will be multi-chain, bridging the gap between the Binance Smart Chain, Ethereum, and Polygon blockchains. This has the potential to revolutionise DeFi projects. At peak times, gas fees for blockchains, notably Ethereum, can be extremely high. The Seesaw Protocol can assist holders in locating the lowest prices and the most efficient cross-chain transfers.
Each purchase of SSW is subject to a 3% fee, and each sale is subject to a 5% fee. Those who already own SSW will benefit from this, as the 3% will be shared among existing holders. On pancakeswap, the 5% sell fee has been added as a liquidity pair with Binance Coin (BNB).
As Safemoon’s almost 50,000% gain in its first month shown, investing in a business as early as possible can result in tremendous profits on a relatively little investment. Early users of new coins can and have become millionaires. Seesaw Protocol’s (SSW) meteoric 1000% rise with 7 weeks of the presale yet to run demonstrates that it is a project to take seriously. Analysts have predicted it could increase even further, perhaps by a margin of 6000%.
Enter Presale: https://presale.seesawprotocol.io/register
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