{"id":4035,"date":"2022-03-22T21:04:17","date_gmt":"2022-03-22T21:04:17","guid":{"rendered":"https:\/\/sewascaffoldingpalu.com\/?p=4035"},"modified":"2023-11-09T08:54:00","modified_gmt":"2023-11-09T08:54:00","slug":"is-seesaw-protocol-ssw-a-scam-how-to-avoid","status":"publish","type":"post","link":"https:\/\/sewascaffoldingpalu.com\/?p=4035","title":{"rendered":"Is Seesaw Protocol SSW a Scam? How to Avoid Cryptocurrency Rug Pulls"},"content":{"rendered":"

Last year it seemed like thousands of people were making ridiculous amounts of money selling pictures of apes & trading coins with pretty dogs on them. Seesaw Protocol recently launched its presale, offering investors an excellent opportunity to purchase prior to the possibility of explosive growth. As we saw with Solana last year, investing early can pay off handsomely. Last year, Solana increased 11,000%, which means that a holder could have turned $1,000 into $100,000 in just a few months. However, the likelihood of Solana repeating this phenomenal growth is slim to none, as it has already been heavily invested in.<\/p>\n

Bridges are used to connect parachains and related components known as parathreads to other blockchains. At the moment, Solana\u2019s \u201cwormhole bridge\u201d only connects its blockchain to Ethereum. Seesaw Protocol will create a multi-bridge DeFi and NFT marketplace using multiple solutions at the best possible rates. Seesaw Protocol (SSW) is a promising candidate as it has strong fundamentals, a growing engaged community and strong presale sales.<\/p>\n

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SSW has been trending on engines and is currently in the presale stage, with its expected launch just around the corner. The first coin offering for such coins is known as an ICO (Initial Coin Offering), and the SSW ICO is attracting a lot of attention. Furthermore, owning and retaining the Seesaw token may result in benefits. Those who bought the tokens will earn from everyone who buys and sells them, with a portion of all purchases and sales going back to the Protocol. The value of your whole portfolio will rise if transaction volume is high.<\/p>\n

The evaluation of seesawprotocol.io has been meticulously crafted, drawing from an extensive array of robust data points at our disposal. However, it is imperative to exercise diligence, caution, and sound judgment in all instances, irrespective of the assigned score. The first 4 of them are self-explanatory and you are probably familiar with, so let\u2019s discuss the last five. The first one that we look at is the \u201cProximity to suspicious websites\u201d tab.<\/p>\n

The coin\u2019s initial price is set at $0.005, with \u201cBNB, BTC, ETH, BCH, LTC, DASH, DOGE, USDT (ERC20-TRC20), and many more\u201d allowed as purchasing currencies. As previously stated, the buy tax is set at 3%, and the selling tax is set at 5%. The buy tax has a 1% token redistribution, a 3% LP acquisition, and a 1% marketing tax, whereas the selling tax has a 1% token redistribution, a 3% LP acquisition, and a 1% marketing tax.<\/p>\n

Suffice it to say, after a series of recent high-profile crypto scams, this anonymity has been enough for some to label SSW a scam. There is some FUD (fear, uncertainty, and doubt) concerning Seesaw Protocol, but despite this, it is a far cry from a real crypto scam. Squid Game (SQUID) is possibly the biggest example of a recent scam or \u2018rug pull\u2019. With constant rewards handed back to holders every time someone buys or sells SSW, there is a clear incentive to hold for extended periods. Given that SSW holders cannot sell until the project launches, the 1000% increase in the price so far is set to increase further as the April launch date approaches.<\/p>\n

The fees are redistributed among existing SSW holders, so the longer you hold, the more tokens you\u2019ll receive. Cryptocurrencies experience wild fluctuations, and the fee structure is designed to encourage long-term holding while also ensuring liquidity (as a percentage is distributed to the liquidity pool). Cryptocurrency presales are used to garner attention, buzz, and funding for new crypto projects. They are typically between a few weeks to a few months long. Some presales prove enough of a launchpad for new cryptocurrencies to be successful, whereas a great many go under the radar. The record for a presale, both in length and in money raised, was EOS (EOS).<\/p>\n

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. Some crypto investors have pointed out a https:\/\/www.xcritical.in\/<\/a> few concerns about the seesaw protocol (SSW)
\n. While it does offer a much needed solution in the crypto world its huge token price crash is of concern. Among the many reasons to get this digital currency is the reward incentive of simply holding them.<\/p>\n

This could raise eyebrows in itself but all the evidence points towards legitimacy. The price started at $0.005 and has increased by more than 500% to $0.031 at the time of writing. You may now be thinking, \u201cWell, how do I find these projects before anyone else does? Phase 1 of the token presale ended on Feb 25, 2022, while phase 2 of the token presale ended on Mar 25, 2022, and phase 3 ended on Apr 8, 2022. Discover another valuable tool designed to safeguard your online privacy and protect your personal data from third-party tracking.<\/p>\n

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Seesaw Protocol price has seen tremendous growth, which has had early investors smiling. While other coins crashed following the Bitcoin and Ethereum plunge, Seesaw Protocol (SSW) soared high. Over time, numerous individuals have sought guidance on how to expunge their personal information from the internet. If you want your data deleted entirely from the online jungle, use Incogni immediately. This reputable data privacy tool is officially empowered to orchestrate the removal of your data from a multitude of brokers on your behalf, and it does so with remarkable efficacy.<\/p>\n

We\u2019re trying to remain open minded about the Seesaw Protocol crypto token project. We really hope it pans out and some of those early investors are rewarded for their trust. And we\u2019re looking forward to how all of this pans out come April 8.<\/p>\n