The advertising crew behind the Seesaw Protocol crypto token has been busy this previous month. Since launching in January of this yr, the operation’s Twitter feed has rapidly amassed a pair thousand followers. It’s obtained a really lively Telegram page with greater than 21,000 members. And there’s even a subreddit, Discord server and TikTok pages providing help. All of which you’ll be able to entry from Seesaw’s homepage.
That’s not utterly irregular for a brand new crypto token. However this does quantity to a complete lot of curiosity for a token that hasn’t truly launched but… Even in a world that’s all the time in search of the following experience “to the moon.”
However the crew behind the token does have some lofty targets. The plan, in keeping with the whitepaper, is to launch a multi-chain totally decentralized finance platform. One which grants the power to swap, leverage and farm crypto on. The declare right here is that it’s going to launch on PancakeSwap on the Binance Good Chain. And it’ll create a bridge between the Ethereum and Polygon Networks.
The objective with that is to permit customers to swap cross-chain. And within the course of, permit of us to seek out the very best speeds and lowest charges to hold out transactions. Contemplating the excessive fuel charges, gradual speeds and safety problems with some networks, this venture has lots of upside potential. However potential is the secret right here.
Seesaw Protocol Crypto: What It’s Truly Powering
Up to now, now we have but to see something in place that implies Seesaw Protocol crypto and the venture it goals to gas will truly happen. That’s to not say it received’t. A venture like this can take a while to implement and excellent. And the presale is scheduled to go on till April 8, 2022. So there may be nonetheless a number of time for this venture to return to mild earlier than it raises some eyebrows.
However that doesn’t imply there isn’t motive to be considerably skeptical. We’d like to construct a decentralized trade the place it might be potential to purchase any crypto we wish with a credit score or debit card. One the place we might yield farm, stake and swap to our coronary heart’s content material. However that’s most likely not going to occur. In different phrases, mere plans don’t essentially equal actual world outcomes.
One other facet of Seesaw Protocol crypto that may be a little bit of a pink flag is the bonus referral program. If you happen to purchase a few of this token, then rope some mates or household into shopping for some, you’ll be able to rise up to a 5% bonus. That sounds fairly scheme-y for a token nonetheless within the presale stage. Nonetheless, it appears to be working. Buyers have clearly been making the most of this system.
As you’ll be able to see from the presale value chart, Seesaw Protocol crypto has been heading skyward. And quick. On the final time we checked, its worth is up greater than 578% because the presale first launched. Any method you slice it, that’s spectacular development. However since that is nonetheless within the presale stage, it doesn’t seem there’s any method to exit a place but. All these beneficial properties from the primary of us in are nothing greater than a hope at this level.
When 500% Positive aspects Imply Nothing
Let’s say simply the promise of a multi-chain totally decentralized finance platform had been sufficient to pique your curiosity. So that you head to the registration form and commerce a few of your hard-earned Ethereum, Bitcoin, Litecoin, Polkadot or no matter for the hope of some Seesaw Protocol crypto tokens sooner or later.
The thought isn’t with out its deserves. That is basically investing in a startup. Some startups flip into Amazons (Nasdaq: AMZN) and Airbnbs (Nasdaq: ABNB). However take into account, the failure charge for small companies with lower than 500 staff was 90% in 2019.
However that doesn’t imply there’s solely a ten% probability that Seesaw Protocol will succeed. It’s merely a warning. But when it does fail, there’s no assure any of the cash raised will probably be recouped by traders. The distribution of Seesaw Protocol crypto tokens will happen on the finish of the presale. Then, traders will have the ability to withdraw their tokens onto a BEP-20 appropriate pockets.
Till that occurs, 500%, 1,000% or 50,000% beneficial properties in worth equal diddly squat. As soon as distribution of tokens occurs although, this could possibly be an enormous signal that this isn’t a crypto rip-off. However there may be certainly nonetheless extra motive for apprehension.
The Backside Line on Seesaw Protocol Crypto
The advertising efforts nonetheless function a warning signal. Nonetheless, the advertising crew behind Seesaw Protocol crypto may simply be actually good at their job. However therein lies one other huge query. Who’s the advertising crew? Who’s on the dev crew? Who’re the massive brains behind this venture?
The crew behind this token has opted to keep up anonymity. Whereas not remarkable – who’s Satoshi Nakamoto? – at the present time, maintaining the creators of a venture secret is much less widespread.
Moreover, there may be zero point out on the Seesaw Protocol crypto token’s web site about burned tokens. Sometimes, these are tokens despatched to a burn tackle. And this helps be sure that the builders received’t redeem liquidity pool tokens. Once more, that’s fairly suspicious.
We’re attempting to stay open minded concerning the Seesaw Protocol crypto token venture. However because it stands proper now, we’re gonna sit this out out. That being mentioned, we’re rooting for this venture. We actually hope it pans out and a few of these early traders are rewarded for his or her belief. And we’re wanting ahead to how all of this pans out come April 8. That’s if Seesaw Protocol crypto nonetheless exists when the presale involves an in depth.
Matthew Makowski is a senior analysis analyst and author at DailyBusiness. He has been finding out and writing concerning the markets for 20 years. Equally comfy figuring out worth shares as he’s reductions within the crypto markets, Matthew started mining Bitcoin in 2011 and has since honed his deal with the cryptocurrency markets as a complete. He’s a graduate of Rutgers College and lives in Colorado along with his canine, Dorito.