Will It Compare to Filecoin and Tezos?
Crypto is notoriously volatile and goes up and down on a regular basis.
There are, however, ways to avoid this volatility. One of these methods is investing in stable coins like Tether (USDT) and USD Coin (USDC).
With this comes the knowledge that your investment will not go down. As these are stable by their name, they are stable by nature, and as a result, your investment will not go up either. USDT is ranked third by market cap behind Bitcoin (BTC) and Ethereum (ETH) but will always be tied to the dollar, with 1 USDT always being worth $1.
The other and slightly more speculative way to invest is during a presale. Presale cryptocurrency investments are protected until the project officially launches. Because of this, the price of the token can only increase whilst in its presale or ICO (initial coin offering) stage.
There have been some notable presales over the last few years and a notable one that is currently underway; Filecoin (FIL), Tezos (XTZ), and Seesaw Protocol (SSW), respectively.
Tezos (XTZ) made $232 Million in its presale ICO
Tezos has similarities with Ethereum (ETH) in that its blockchain is based on smart contracts. Where it differs is in the creators’ claims that it could offer a more advanced and more adaptable infrastructure. It has billed itself as “the last cryptocurrency” and claimed to be “secure, upgradable and built to last”.
In less than 2 weeks, Tezos sold $232 million worth of XTZ. This was made up of 361000 Ethereum (ETH) and 652627 Bitcoin (BTC). At the time, this was a record amount raised for presales.
Filecoin broke records to raise $257 Million
The crypto presale that broke Tezos’ record was Filecoin. An innovative idea with an eye on sustainability and preventing waste, FIL allows users to make their spare storage space available for usage by others. Those that do this will earn FIL in return.
The idea proved popular with investors, and it raised $52 million in its presale and followed that with an additional $205 million in its ICO. The price rose from $1 to $4.58 thanks to this massive backing.
Seesaw Protocol increases by 2000% with six weeks to run
In the few years since FIL launched at $4.58, it has seen huge rises, up to its current all-time high of $237. Seesaw Protocol (SSW) will hope to emulate these price increases, and the first stage of the presale showed that this could be a possibility. From $0.005 to its current valuation of $0.11, SSW has already risen by more than 2000%.
SSW is a fully decentralised multi-chain platform. It will first deploy on the Binance Smart Chain (BSC) before extending to the Polygon (MATIC) Network and, finally, the Ethereum (ETH) Network. SSW users will be able to conduct cross-chain swaps in order to seek the best price and fastest speed for their desired transactions.
There are under six weeks left in the Seesaw Presale (SSW) presale and as explained above, the price can only increase at least until its release in April.
Find Seesaw Protocol (SSW) on social media:
Enter Presale | Website | Telegram | Twitter | Instagram
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