Place/Date: - January 26th, 2022 at 10:41 pm UTC · 4 min read
Source: SeeSaw Protocol
Kadena (KDA), Filecoin (FIL), and Seesaw Protocol (SSW) are cryptocurrencies that each provides a distinct market function. This post will investigate Kadena, Filecoin, and Seesaw Protocol, as well as the reasons you may wish to get in early with a project.
Kadena (KDA) has its own blockchain and its own cryptocurrency, the Kadena token. It is used as a native token to compensate anyone who is willing to mine blocks on their network. Without an incentive, no one will mine the blocks, and the system would fail as a whole. This encourages people to mine these tokens at a more profitable price. Mined tokens are then used to pay transaction fees, allowing users’ transactions to be recorded on the Kadena blockchain.
When compared to other blockchains, Kadena claims that their blockchain, together with Pact, is the only layer 1 proof of work blockchain that can be scaled appropriately. They further say that Kadena has the same level of security as Bitcoin, uses little to no gas, and has well-designed smart contracts.
Kadena’s token is contingent on the success of the Kadena blockchain; if they become popular and demonstrate the scalable power they advocate, they may be a rewarding investment for anybody willing to bet on the Kadena blockchain’s rise to fame. The advantage this new platform has is that it is relatively newer in comparison to other layer 1 protocols that are already established. This is good because it means there is more room for the price to grow rather than already well-established chains like Avalanche, for example.
Filecoin (FIL) is a community-created cryptocurrency that aims to use blockchain technology to allow a collaborative digital storage and retrieval mechanism. Filecoin has said that it seeks to conserve humanity’s most vital knowledge. Users of Filecoin may rent out whatever extra storage space they have in exchange for their native cryptocurrency. The whole storage system is decentralized, and anybody with enough capacity is allowed to participate.
Its decentralized nature provides security to users since there is no single point of attack, making data more difficult to compromise. With the ever-increasing need for storage space in today’s virtual world, it’s simple to see why Filecoin may be an interesting long-term investment for many.
The more people that donate storage space, the more available storage space there will be. Because there is enough space available on already underutilized devices, the development of new worthless storage systems may be halted.
This system and cryptocurrency had one of the most incredibly successful launches in recent crypto history. A new protocol that is set to imitate this success is the Seesaw Protocol.
Unlike Filecoin and Kadena, the Seesaw Protocol (SSW) has not yet been offered to the general market. The Seesaw Protocol has just released and begun its presale stage. Because it is a newcomer to the cryptocurrency industry, its success is speculative. Having said that, the Seesaw Protocol has supplied some remarkable attributes that may result in a profitable enterprise for many investors. The protocol will be multi-chain spanning across both Ethereum and the Polygon network. There is also plans for a cross-platform NFT marketplace, and due to this multibridge capability, it could allow for transitions from ERC-20’s and their high gas fees to something more reasonable like the Binance smart chain.
Also, Owning and maintaining the Seesaw token may result in rewards. Those who bought the tokens will profit from anybody purchasing and selling them; a percentage of all purchases and sales will be given back to the Protocol. If trade volume is high, this will increase the value of your total portfolio.
Many investors are eager to get their hands on what may be the next great investment opportunity. With characteristics that are appealing to investors globally, Seesaw has the potential to generate significant profits for those who are able to get on board early enough.
For more information check out the following links: Website, Telegram, Twitter, Instagram.
Enter Presale HERE.