Is Seesaw Protocol (SSW) a scam? | The Guardian Nigeria News

Seesaw Protocol (SSW) is a new cryptocurrency that is currently in a “presale” stage ahead of its launch in April. According to its website Seesaw, Protocol claims to be a multichain bridge, connecting Binance Smart Chain (BNB) to Ethereum (ETH) and Polygon (MATIC), enabling holders to use the most efficient blockchain at the optimal time (depending on congestion) to complete transactions quickly and cheaply.

However, as highlighted in a recent currency.com article, there are still a lot of unanswered questions regarding this new cryptocurrency, as voiced by some holders on Telegram and Twitter. Buyers should always beware of potential scams and rug pulls. Let’s take a look at what information is available.

Where is the white paper?

After conducting extensive research, it appears as though some important questions can be addressed. For instance, the white paper for Seesaw Protocol can be found at this link: http://docs.seesawprotocol.io/  

Seesaw Protocol’s white paper addresses how the new cryptocurrency will operate and its future roadmap.

“Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain,” the white paper states. “Seesaw Protocol is an open-source standard for liquidity pools, which act as an endpoint for automated market-making (buying/selling tokens) in conjunction with a smart contract.”

“Seesaw tokens can be exchanged between multiple chains with a commission of less than 1%. This is extremely advantageous for all of our users”.

Seesaw Protocol will be available initially on PancakeSwap for a 3% purchase fee and a 5% sale fee. Some of the fees are distributed among existing SSW holders, which means that the longer you hold SSW, the more fees you will accrue.

How much money has been raised through the presale?

Currency.com has raised an extremely pertinent question regarding SSW’s presale revenue. According to the Seesaw Protocol’s website, the price of SSW has already increased from $0.005 to over $0.025, implying that holders have already received over 400 percent returns. Because holders are unable to sell during the presale, the price can only rise until launch.

SSW Price according to https://seesawprotocol.io

The presale information can be accessed by creating an account and clicking on the dashboard on Seesaw Protocol’s website. The information appears to be updated on a near-real-time basis.

Where is the proof of concept?

Certik is currently auditing the Seesaw Protocol. Certik is a blockchain security firm that leverages artificial intelligence to monitor and secure blockchain protocols and smart contracts. Certik’s mission is to secure the cyber world, and this audit will undoubtedly contribute to a boost in stakeholder confidence.

Anyone can access Certik’s website and follow the audit by searching for Seesaw Protocol.

Unresolved issues

While many questions have been addressed, there are a few that have not. These include: Who makes up the team and what is their background? Where are their headquarters?

The whitepaper does not divulge this information; however, it’s worth noting that there are numerous “legitimate” cryptocurrencies with anonymous creators and teams, including Bitcoin.

Enter Presale: https://presale.seesawprotocol.io/register 

Website: https://seesawprotocol.io/ 

Telegram: https://t.me/SEESAWPROTOCOL 

Twitterhttps://twitter.com/SEESAWPROTOCOL 

Instagramhttps://www.instagram.com/seesaw.protocol