Many people regard cryptocurrencies as a commendable notion; an attempt to capture some power away from existing financial institutions and place it in the hands of the majority of regular folks. The bulk of these services has been given the term DeFi (decentralised finance). There are several DeFi cryptocurrencies, ranging from well-established projects such as Terra (LUNA) and Chainlink (LINK) to startups such as Safemoon (SAFEMOON) and Seesaw Protocol (SSW).
What exactly is DeFi?
People can do practically everything with DeFi assets that standard banks allow. DeFi is quicker, more ubiquitous, and more readily accessible. This is due to the fact that DeFi transactions are handled directly between two people, known as peer to peer, rather than via a central system. Another advantage of DeFi systems is that they may be anonymous, making them available to anybody with an internet connection. Pseudonymous transactions are very desirable as 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 provide a great amount of flexibility and can be customised. The imminent release of Ethereum 2.0 may offer an even greater boost to DeFi initiatives.
Safemoon was launched in March of 2021. On March 12th, it was listed on CoinMarketCap with a price of $0.00000003 and a total quantity of 777 trillion tokens. It didn’t take long for the price to skyrocket, and by April 2021, a month after its introduction, each SAFEMOON token was worth $0.00001399. Safemoon‘s popularity soared by about 50,000% as a result of the excitement around it. A $1,000 investment at its inception would have been worth nearly $14 million at its peak.
Safemoon‘s founders claim that it was created to encourage long-term investment from its investors. To do this, there is what amounts to a selling penalty. Each sale of Safemoon incurs a 10% charge, half of which is transferred to other current SAFEMOON holders and the other half to a liquidity pool aimed at stabilising the price of SAFEMOON. Regardless, it has proven to be exceedingly unpredictable. The name of the protocol alludes to cryptocurrency‘s ever-growing meme culture, and its inventors are banking on the popularity of meme currencies to help Safemoon expand even further in the remainder of 2022 and beyond. SAFEMOON is presently trading at $0.0000005379.
Seesaw Protocol (SSW)
By all accounts, Seesaw Protocol‘s (SSW) presale has been great, and it has had a lot of people talking. It has attempted to capitalise on the popularity of Safemoon, but with added utility and without the excessive price fluctuation. Users will be able to perform cross-chain swaps on SSW‘s platform. It will be multi-chain and will serve as a bridge between the BNB Chain, Ethereum, and Polygon.
This has the potential to revolutionise DeFi applications. Gas fees on blockchains, notably Ethereum, maybe notoriously high during peak periods. Seesaw Protocol can assist holders in locating the lowest costs and most efficient cross-chain transfers.
Seesaw Protocol‘s designers want to build the finest crypto community possible, and one way they’ve done so is by imposing a charge for each SSW transaction. Each purchase of SSW incurs a 3% charge, and each sale incurs a 5% cost. This is advantageous to individuals who already own SSW since the 3% is shared amongst existing holders. On PancakeSwap, the 5% sale fee is added as a liquidity pair with Binance Coin (BNB).
As seen by the almost 50,000% gain in Safemoon in its first month, investing in a project as soon as feasible may result in massive rewards on a relatively little investment. Early adopters can and have become millionaires as a result of new coins. Seesaw Protocol‘s nigh on 3000% rise since its presale launch shows that it may be a once-in-a-lifetime opportunity to get involved in a cryptocurrency venture on the ground floor.
Enter Presale: https://presale.seesawprotocol.io/register