Is There Reason to Be Wary?

The advertising staff 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 shortly amassed a pair thousand followers. It’s obtained a really energetic 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 entry from Seesaw’s homepage.

That’s not fully irregular for a brand new crypto token. However this does quantity to an entire lot of curiosity for a token that hasn’t truly launched but… Even in a world that’s all the time on the lookout for the following experience “to the moon.”

However the staff behind the token does have some lofty targets. The plan, based on the whitepaper, is to launch a multi-chain absolutely 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 Sensible 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, enable of us to seek out one of the best speeds and lowest charges to hold out transactions. Contemplating the excessive fuel charges, sluggish speeds and safety problems with some networks, this mission has numerous upside potential. However potential is the secret right here.

Seesaw Protocol Crypto: What It’s Really Powering

Thus far, we have now but to see something in place that means Seesaw Protocol crypto and the mission it goals to gas will truly happen. That’s to not say it gained’t. A mission like it will take a while to implement and ideal. And the presale is scheduled to go on till April 8, 2022. So there’s nonetheless a number of time for this mission to return to gentle earlier than it raises some eyebrows.

However that doesn’t imply there isn’t purpose 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 may yield farm, stake and swap to our coronary heart’s content material. However that’s in all probability not going to occur. In different phrases, mere plans don’t essentially equal actual world outcomes.

One other side of Seesaw Protocol crypto that could be a little bit of a purple flag is the bonus referral program. For those who purchase a few of this token, then rope some associates or household into shopping for some, you may stand up to a 5% bonus. That sounds fairly scheme-y for a token nonetheless within the presale stage. Nevertheless, it appears to be working. Traders have clearly been profiting from this system.

As you may see from the presale worth chart, Seesaw Protocol crypto has been heading skyward. And quick. On the final time we checked, its worth is up greater than 578% for the reason that presale first launched. Any means you slice it, that’s spectacular development. However since that is nonetheless within the presale stage, it doesn’t seem there’s any technique to exit a place but. All these positive factors 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 absolutely decentralized finance platform have 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 be mindful, the failure price for small companies with lower than 500 workers 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 likely be recouped by buyers. The distribution of Seesaw Protocol crypto tokens will happen on the finish of the presale. Then, buyers will be capable to withdraw their tokens onto a BEP-20 appropriate pockets.

Till that occurs, 500%, 1,000% or 50,000% positive factors in worth equal diddly squat. As soon as distribution of tokens occurs although, this might be an enormous signal that this isn’t a crypto rip-off. However there’s certainly nonetheless extra purpose for apprehension.

The Backside Line on Seesaw Protocol Crypto

The advertising efforts nonetheless function a warning signal. Nevertheless, the advertising staff behind Seesaw Protocol crypto would possibly simply be actually good at their job. However therein lies one other massive query. Who’s the advertising staff? Who’s on the dev staff? Who’re the large brains behind this mission?

The staff behind this token has opted to keep up anonymity. Whereas not extraordinary – who’s Satoshi Nakamoto? – nowadays, retaining the creators of a mission secret is much less frequent.

Moreover, there’s zero point out on the Seesaw Protocol crypto token’s web site about burned tokens. Sometimes, these are tokens despatched to a burn handle. And this helps be certain that the builders gained’t redeem liquidity pool tokens. Once more, that’s fairly suspicious.

We’re making an attempt to stay open minded concerning the Seesaw Protocol crypto token mission. However because it stands proper now, we’re gonna sit this out out. That being mentioned, we’re rooting for this mission. We actually hope it pans out and a few of these early buyers are rewarded for his or her belief. And we’re trying 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 learning 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 concentrate on the cryptocurrency markets as an entire. He’s a graduate of Rutgers College and lives in Colorado together with his canine, Dorito.

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