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

One tweet or statement can catapult the next big thing into the mainstream and turn a MEME into a real, authentic cryptocurrency. After the huge successes of 2021, in which almost every coin broke through to reach new all-time highs, it is not a surprise that many people are rushing to create new projects. Unfortunately, not of all these creators have the best intentions. Some developers will take advantage of the lack of knowledge that some potential investors have about crypto and defraud them of their money. Thanks to the mostly decentralized nature of the crypto market there is often nothing that can be done to halt scams and scammers.

To be fair, SSW is new, and we can only expect so much as the project behind this cryptocurrency continues to develop. The Seesaw protocol is a decentralized, multi-chain, noncustodial ecosystem of Defi products, protocols, and services. Based on such statements, one may find it difficult to decide to purchase the SSW Tokens, but their already exceeding number of sales is an equal deterrent against such doubts. So, it remains a matter of personal choice as to whether you should put your faith and money in the SSW Protocol. The alarming rate by which the SSW Tokens are rising in value has certainly drawn speculations from the crypto community. While some are advising caution, others are waiting to gain more knowledge regarding the project.

seesaw protocol audit

“Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain,” the white paper states. However, due to the increasing difficulty between Ukraine and Russia, AVAX is fast declining and has dropped 15. According to their website, Cardano is a blockchain platform for ‘changemakers, innovators, and visionaries.

It is because the SSW protocol initially didn’t even have a Whitepaper mentioning its Proof of Concept. The initial month of presale completion raised its value by over 2500% with greater ascend expected after Q3. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. At-a-glance usage and mastery data make it easy to target instruction. See all learning related to an activity, standard, or student in one place. However, we’d be happy to take a look, so hopefully, you’ll get your money back.

Conduct your own due diligence before deciding to use any info listed at this page. Teachers, students, families, and school leaders work together to elevate learning. Seesaw Protocol has confirmed on their official telegram group that they have ordered an audit by Certik. An anonymous team is responsible for creating the SeeSaw Protocol, which is alleged to be based in Switzerland.

SeeSaw Protocol: Most Profiteering Tokens for DeFi Investors?

Initially, the token will be launched on PancakeSwap with a 3% purchase fee and a 5% sale fee. Some of these fees will be redistributed to existing SSW holders providing them with a way to earn passively on their holdings. As for now, how the tokens will behave in the future, only time will tell.

Still referring to the Details section above, the scores listed under the Threat profile, Phishing profile, Malware and Spam are exactly what they refer to. These scores are determined by the risk levels and elements that are detected inside the website, in the HTML code. And want to challenge this review, we would like to hear from you indeed. If you would like the review changed, we are more than willing to take a deeper look. Incubated by Binance Labs, Certik has strategic partnerships with the world’s top crypto exchanges such as Binance, OKEx, and Huobi, as well as Public Chains such as NEO, ICON, and QuarkChain.

In simple terms, this means that the audit of Seesaw Protocol is likely to be completed after its launch or once the pre-sales have ended when the transactions come into fruition. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks. Shiba Inu is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong. Among the many reasons to get this digital currency is the reward incentive of simply holding them.

Code Audit History

A diversified portfolio consisting of Stellar, ApeCoin, and Seesaw tokens can deliver big profits in 2022. Head over to the official site or learn more about the SSW token at the social media channels given below. Early investors in APE and XLM have earned seesaw crypto huge returns and you can also get a chance at financial independence through the SSW token. The Seesaw protocol has invested a lot of research into ensuring that users get the best possible liquidity for their trades across the NFT and Metaverse platform.

seesaw protocol audit

Yes, such a reason is a critical Red Flag for investors, yet on the other hand, it is being featured by numerous noteworthy media platforms. Again, the latter is simply the effect of SSW marketing itself along with other popular cryptos like DOGE, XLM, etc. Allegedly based in Switzerland, the SSW protocol can revolutionize the crypto market in multiple ways, starting with unifying it exclusively. With such strong positives, investors would naturally want to bank on the opportunity of acquiring them, raising their value all the more. While it is fair to not predict its success pending its public release, its importance cannot be overlooked based on the failures of other newly launched tokens.

Audit by Certik

However, if the ‘Proximity to suspicious websites’ score is very high you can rest assured that the website is definitely risky – and you should stay away from it. Seesaw is the utility token for Seesaw Finance ecosystem, traded and farmed on decentralized – centralized exchanges across the Binance Smart Chain, Polygon and Ethereum. No independent audit – Most new cryptocurrencies consider it standard practice to be audited by an independent third party. Certik is one of the leading blockchain technology auditors, and precocious backers can check the progress of their chosen cryptocurrency on their site.

It is worth noting that this cryptocurrency is only in the first stages of its presale, and a major amount has already been achieved. The SSW Tokens channels multiple blockchains and facilitate delivering value to their proprietors at preeminent rates like standard currency exchange. By retaining its 3% fixed fee on token utility and retaining the transparency of exchange at better rates, the protocol aims to bridge various crypto blockchains in the market. The Seesaw Protocol token will be listed on PancakeSwap , a decentralised exchange built on Binance Smart Chain , that allows users to swap its BEP-20 tokens. Its focus lies on allowing investors to use the most efficient blockchain at the time and will provide users with a quick and seesaw crypto cheap transaction experience. In the wild west of MEME coins, influencers and giant organizations hold tremendous power and influence over the market.

  • To answer this question, we must understand both the utility and the tokenomics of SeeSaw Protocol Tokens.
  • Unknown or anonymous developers – On some occasions, it can appear inauthentic if the creators of a cryptocurrency are unknown.
  • Early investors in APE and XLM have earned huge returns and you can also get a chance at financial independence through the SSW token.
  • The APE token has seen a tremendous rise and was listed by most centralized exchanges on the day of launch.
  • The alarming rate by which the SSW Tokens are rising in value has certainly drawn speculations from the crypto community.

SSW can be traded and farmed across the Binance Chain, Ethereum, and Polygon blockchains. Parallelly, the utility cryptocurrencies that currently exist are usually linked to DeFi Projects like Crypto Games or Metaverse. The holders of such tokens can use them to buy in-game items or acquire them by trading their in-game items. In an unprecedented aspect of Seesaw Protocol’s plan, users will be able to move value between the blockchains with a 1% fee which is considerably cheaper than its rivals.

About Community

The APE coin is powered by an established team and has a loyal community of supporters. It should be considered for a potential spike of 5% in the near future. This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it . Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector.

On the bright side, their current market price makes them an ideal entry point into the crypto market. Just remember to do your research before investing in any crypto project. The fact that the project is backed by an anonymous team is also concerning to some people. Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date. Some crypto investors have pointed out a few concerns about the protocol. While it does offer a much needed solution in the crypto world its huge token price crash is of concern.

Seesaw Protects Your Privacy

A utility cryptocurrency simply means that these coins and tokens proposition the right to procure a product or service. We have partnered in time with several important asset recovery platforms, therefore in an effort to help scam victims, we could take a look at your case. If you lost more than $1,000US to any type of fraud, please tell us your story and fill THIS FORM. The process of recovering the money is extensive and requires a lot of work. 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 is profitable. Think of it as the standard currency exchange; the stronger your currency exchange rate, the cheaper your imports.

Cryptocurrencies Set to...

Set base price for the SSW tokens was $0.005 with a 3% buy tax for allowing the above-mentioned cryptocurrency purchases. The constituents of buy tax include 1% for token distribution, 1% for LP acquisition, and 1% for marketing tax. SSW capitalization is set at 990,000,000, and the project is presently in its Q3 pre-sale phase. Its second phase pre-sale ended on 25th February with 178,200,000 tokens sold, and the third pre-sale phase will end on 25th March. It offers up to 89,100,000 SW for sale while the final pre-sale phase will offer up to 29,700,000 SSW for sale.

Seesaw Protocol: Solving Interoperability Problems in the Cryptosphere

However, attention to detail, caution and common sense is required in all cases, regardless of the score. Over the years, many people have asked us how to delete personal information from Internet. If you want your data deleted entirely from the online jungle, you should contact Incogni immediately. This legitimate data privacy tool officially requires your data removal from many brokers on your behalf. Read on to find out whether you can also fulfill your dream of becoming a crypto billionaire by investing in these coins. I professed to be a rookie, set up a MetaMask wallet and put a little ETH in it.

A regular airdrop feature enables long-term holders of the token to earn extra coins. The SSW tokens are available via the pre-sale phase until April and you can get them here. This is because cryptocurrency holdings are taxed in the same way as any other assets you own, such as stocks and property.

They led me to a simple website that they created and asked me to enter my Secret Recovery Phrase on their website. I did this so I can prevent people from wasting their money and filling the wallets of criminals. This project is affiliated with a high-risk Launchpad known as BoostX Finance. 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. Like with all new ideas, anecdotes of scams and uncertainty follow.

What Is a Rug Pull?

Seesaw Protocol 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 3rdand last presale, which is expected to take place on April 8, 2022. 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.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments