Is Seesaw Protocol SSW a Scam? How to Avoid Cryptocurrency Rug Pulls

The Whitepaper should be read in its entirety and considered as a whole before making decisions to acquire or trade Seesaw tokens. Seesaw Tokens do not constitute an offer or solicitation of financial instruments. If prospective Token holders are in any doubt about the contents of this Whitepaper, they should consult their financial https://xcritical.com/ or legal advisers. The Seesaw Protocol is classified as a Utility Token which can be traded on secondary markets. This Whitepaper does not constitute a prospectus and does not constitute as an offer of financial instruments and/or securities to the public or any offer in any way connected to a collective investment scheme.

As defined by one of the market-leading listings platforms, CoinMarketCap, a rug pull is a “malicious manoeuvre in the cryptocurrency industry where crypto developers abandon a project and run away with investors’ funds. Add any configuration definitions for the new modules in include/SeesawConfig.h and add any used pins to the CONFIG_GPIO_MASK definition. The following is a brief overview of files that need to be changed when a new module is added. Unless people have truly endowed their time into gaining knowledge of the mechanisms of cryptocurrency, it is likely that they 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. A sample of transactions in the wallet will be promised back to the auxiliary credentials.

What is Seesaw Protocol?

While cross-blockchain interoperability remains one of the most sensitive bottlenecks for DeFi, Seesaw Protocol with its SSW token is going to address this issue in a novel way. The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved. No contact information is provided, however, representatives did reach out to Currency.com and agreed to be interviewed.

The presale has another two stages to go with Stage 1 coming to an end on February 25. Holders of these and many other coins saw exponential growth in their portfolio. However, one particular coin failed to break its all-time high price of $3.84 which was set all the way back in 2018. On the flip side, Seesaw Protocol is still in stage 1 of its presale but has outperformed all of the major coins with a mammoth 1000% rise in price in just under a month. Because of the very nature of the wallets in exchanges, they will be always online(“Hot Wallets” as we call them), therefore exposing certain aspects of vulnerabilities.

Who created SeeSaw Protocol?

Among the many reasons to get this digital currency is the reward incentive of simply holding them. A regular airdrop feature enables long-term holders of the token to earn extra coins. This project is affiliated with a high-risk Launchpad known as BoostX Finance. After a thorough assessment of BoostX-affiliated projects from CertiK auditors and investigators, we required the project team to undergo involuntary KYC, with which they did not comply. Due to the high-risk investigation findings, and lack of KYC cooperation from the project team, CertiK has terminated all ongoing audits and delisted BoostX-affiliated projects.

The price started at $0.005 and has increased by more than 500% to $0.031 at the time of writing. Anyone can purchase the SSW tokens from their pre-sale phase, after which they will be available from Uni Swap and Pancake Swap platforms. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. Certik is one of the leading blockchain technology auditors, and precocious backers can check the progress of their chosen cryptocurrency on their site.

Sign up to our NewsLetter

Bitcoin , Ethereum , and Binance Coin rose by 100%, 500%, and over 1000% in 2021 respectively. DeFi represents a very unique opportunity as it seeks to eliminate middlemen and the barriers surrounding traditional banks and other financial institutions. Many retail customers do not have access to loans and other products due to the high entry barriers in banks. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. According to Seesaw Protocol’s cliff and vesting policy, tokens will be distributed between buyers only upon the launch of the protocol in its mainnet version. During the pre-sale, the price of SSW token increased from $0.005 to over $0.025; ‘paper PnL’ for ‘early birds’ therefore eclipsed 400 percent.

Many investors are ready to capitalize on what could be the next ample investment opportunity. SSW attracts investors worldwide; it may generate big profits for those who can jump on board early enough. Enhance or build your brokerage business from scratch with our advanced and flexible trading platform, CRM, and a wide range of custom solutions. Nevertheless, the Company expressly disclaims any and all liability based on such information, errors in such information, or omissions in such information that are not the result of willful intent or gross negligence. In connection with the offer made in the Whitepaper, no person is authorized to give any information or to make any representations other than those contained in the Whitepaper and/or the Website. In connection with the offer made in the Whitepaper, no person is authorised to give any information or to make any representations other than those contained in the Whitepaper and/or the Website.

Crucial evidence found: A key breakthrough in the Madeleine McCann case

The Whitepaper has been drafted by the team and founders who will be owning the company Seesaw Protocol Ltd (‘the Company), to be registered in Seychelles.

The lock of $1 million in liquidity, alongside the vesting of SSW tokens for two weeks, allows the project to protect the liquidity of the token as well as the legitimacy of the project. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees. This in turn gives investors confidence in the project and its aim of becoming a real player in the crypto market. Seesaw Protocol aspires to be a cryptocurrency designed to bridge multiple blockchains, solving an important interoperability problem within the emerging field. Its creators claim that SSW is going to bridge the Binance Smart Chain with Ethereum and Polygon .

Meta’s Threads Promises New Ad Features That Could Benefit Crypto Marketing

However, some of them have been hit harder by the cryptocurrency industry bear market than others, and the SeeSaw protocol was one of them. On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months. On April 14th, the tokens experienced their all-time high price, trading at $0.46.

• Currently, the codebase and smart contracts design of Seesaw Protocol are undergoing a third-party security audit.
• The SSW Protocol aims to be a cryptocurrency designed to bridge multiple blockchains, solving a vital interoperability issue in a new area.
• The value of your entire portfolio will rise if the volume of transactions is high.
• 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.
• Shiba Inu is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong.

Considering there is still more than 7 weeks remaining in the presale, including 2 more stages, now is still an early time to invest in SSW. The price of Seesaw Protocol will continue to rise and not decrease until the project officially launches in April 2022. Cryptocurrency presales are used to blockchain trends garner attention, buzz, and funding for new crypto projects. Some presales prove enough of a launchpad for new cryptocurrencies to be successful, whereas a great many go under the radar. Seesaw Protocol , which is also in its presale, has started with similar success and will look to emulate EOS.