Solana was one of the worst affected companies in 2021 due to congestion on its blockchain. This led to network outages that lasted 17 hours back in September.
The cryptocurrency industry is growing rapidly and has a bright future. It's important to ensure that blockchains perform well to enable a new generation to invest in cryptocurrency.
Seesaw Protocol (SSW) is a platform that aims to solve the congestion in blockchains.
Despite being launched last month, the project is already a well-known name in the crypto community. It aims to connect the blockchains Binance Smart Chain (BNB), Ethereum (ETH), and Polygon (MATIC) together.
It aims to allow investors to use the most efficient Blockchain at the moment and provide users with a fast and inexpensive transaction experience.
ETH (Ethereum) was not only known for its congestion issues but also for its high gas prices that led many to flee the network in favor of a cheaper blockchain to conduct their transactions.
Seesaw Protocol's (SSW), a unique plan that allows users to transfer value between blockchains for a 1% fee, which is significantly cheaper than other alternatives.
PancakeSwap will list the Seesaw Protocol token (SSW), which allows users to trade their BEP-20 tokens on a decentralised exchange built upon Binance Smart Chain.
It has been a meteoric journey for Seesaw Protocol. Their first pre-sale slot was launched on January 28th. The SSW price jumped over 1000% in eight days.
They are still two months away from launching Seesaw Protocol (SSW), but the response has been overwhelming. With two stages remaining, further gains for the SSW token could continue their meteoric rise.
While some might be apprehensive about the rapid growth of the project, they need only look at the record-breaking $236 billion TVL (total locked) expansion of DeFi last year.
But that doesn't mean that criticism can't be justified. The cryptocurrency industry has seen its fair share rug pulls.
Investors may be suspicious of Seesaw Protocol's creators.
Seesaw Protocol, however, has taken the necessary steps to prove its legitimacy. Seesaw Protocol requested and paid Certik for an audit. Certik is a security-focused platform that monitors DeFi projects and blockchain protocols.
The white paper describing the project's plans for 2022 and Seesaw NFT has been released by the project.
The bonus referral program is available within the project. This means that if the token is purchased on PancakeSwap, (CAKE), and the recipient is successful referred, a 5% bonus will be awarded.
Although not much information has been released about the project in advance of its April 2022 launch date, there is growing excitement about what Seesaw Protocol could offer the cryptocurrency market.