Cryptocurrency has long been a topic of discussion as to whether the digital payment system can be trusted. From the absence of mainstream, centralized banks to the creation of such a currency using the process of mining, there is a lot left to be understood by investors and the public alike.
We’ve all heard of currencies such as Bitcoin (BTC), Ethereum (ETH) and even Dogecoin (DOGE), but there is a new currency on the rise that is about to make understanding cryptocurrency as easy as an addition—heard of Seesaw Protocol (SSW) yet?
What is Seesaw Protocol (SSW), and how does it compare?
Set to launch in April of 2022, Seesaw Protocol (SSW) is a utility cryptocurrency intended to bridge the gap between several blockchains, including but not limited to Binance Smart Chain (now BNB Chain), Polygon, and Ethereum. Not entirely sure what it means?
For those of us who aren’t too aware of blockchains and their purposes, Blockchain lingo can cause bewilderment beyond means. But truly speaking, blockchains are quite simple: Cryptocurrency consists of coins and tokens, which are the currency part of the term.
A utility cryptocurrency simply means that these coins and tokens proposition the right to procure a product or service. It’s cash without physicality.
Seesaw Protocol (SSW) is essentially the solution to making crypto understandable – it is designed to channel numerous blockchains and facilitates the currency’s proprietors in distributing value concerning diverse bionetworks at preeminent rates.
Think of it as the standard currency exchange; the stronger your currency exchange rate, the cheaper your imports. SSW’s main objective is to enrich your crypto experience through the promise of a fixed low fee of 3%, better rates, and absolute transparency.
It is also worth noting that the gap concerning Binance Smart Chain, Polygon, as well as Ethereum is anticipated to be connected by SSW in a bid to permit proprietors to allot tokens amongst the three prevalent blockchains.
Disparate to the ledger technology that Ethereum (ETH) has manufactured and the ecosystems that Binance Smart Chain (BNB) and Polygon (MATIC) have established, Seesaw Protocol (SSW) has built a new program premeditated to making brand trading as efficient and accessible between the three crypto titans.
How profitable is Seesaw Protocol (SSW)?
If the price surge of over 640% in the first stage of its presale is anything to go by, then it is innocuous to adopt the notion that Seesaw Protocol (SSW) is profitable.
SSW accepts currencies such as Binance Smart Chain (BNB), Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), DASH, Dogecoin (DOGE), Tether USDT (ERC20-TRC20) and many more so the probability of gaining from the fully decentralized multi DeFi platform is relatively high.
Not only that but unlike its Ethereum (ETH) and Bitcoin (BTC) counterparts, Seesaw Protocol (SSW) is not mineable meaning that the driven course of substantiation and accumulation of new transactions to the blockchain has been eliminated.
Though the elimination of these two factors can often lead to doubt in any currency, what this essentially means is that SSW as a non-mineable currency is projected to be more profitable for its proprietors in comparison to its mineable counterparts; likely since more miners must strive for the subsequent block reward and mining as an individual is seldom profitable except if an individual has admission to superfluous low-cost electricity.
How do I know Seesaw Protocol (SSW) is not a scam?
Like with all new ideas, anecdotes of scams and uncertainty follow. Unless you have truly endowed your time into gaining knowledge of the mechanisms of cryptocurrency, it is likely you will always have doubts.
The one true example of this is Bitcoin; despite it being a household name in the crypto market, those outside of these markets view any form of cryptocurrency and its bionetworks as a con.
Seesaw Protocol (SSW) is set to be embedded for audit by CertiK in which the process requires auditors to review evidence that corroborate the proprietorship of the reserved key and evidence of the proper party to prove the transactions.
A sample of transactions in the wallet will be promised back to the auxiliary credentials. In simple terms, this means that the audit of Seesaw Protocol (SSW) is likely to be completed after its launch or once the pre-sales have ended when the transactions come into fruition.
This is because cryptocurrency holdings are taxed in the same way as any other assets you own, such as stocks and property.
Seesaw Protocol (SSW) is available to purchase now; the first stage of presale ends on February 25, 2022, in which a second stage will shortly commence. Sales are up until the 3rd and last presale, which is expected to take place on April 8, 2022.
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