The Tezos (XTZ) Presale Raised A Record $232 Million – Will Seesaw Protocol (SSW) Be Next?

By Cory Maki Cory Maki has been verified by Muck Rack's editorial team
Published on January 25, 2022

There is a well-worn cliché in investment circles: “time in the market beats timing the market.” It is nigh-on impossible to gauge the best time to buy a cryptocurrency, given the volatility and unpredictability of the market. The more time spent holding an asset, the more likely it is for it to be profitable. One of the most notable recent presales was Tezos (XTZ). Seesaw Protocol (SSW), another cryptocurrency with huge potential, has begun its presale this week.

The earliest opportunity to invest in a project is a presale. A cryptocurrency is the chance to buy a new token before it launches. There are two types of presale:

  • Investor-only presale: These presales are open only to big investors, and can come with future benefits, including bonuses and discounts in future offerings.
  • Public presale: Most tokens are sold in public presales, and as the name suggest they are open to everyone.

One of the best reasons to invest at the presale stage is what happens directly after; once the ICO (Initial Coin Offering) takes place and the token is released into circulation, there is often a massive increase in its price and the value of the asset goes up exponentially. In addition, a presale investment can build loyalty to a cryptocurrency and encourage long-term holding. Many of those who took part in the Bitcoin (BTC) sale in 2009 would now be millionaires.

Tezos (XTZ) Broke Presale Records 

The ICO for Tezos (XTZ) was huge. It began on July 1st, 2017, and is still one of the biggest presales in the history of cryptocurrency. Its creators didn’t put a cap on the number of tokens sold, and as a result, sold in huge amounts. In under two weeks, Tezos raised a whopping $232 million. This was made up of 65,627 Bitcoin (BTC) and 361,122 Ethereum (ETH). At the time, Tezos’ presale was the most successful of all time in terms of money raised.

Tezos is a blockchain-based on smart contracts. It attempts to stand apart from its competitors, notably Ethereum, by offering a more sophisticated and advanced infrastructure. This self-evolving blockchain allows XTZ to avoid the hard forks that have sometimes plagued Bitcoin and Ethereum.

It has defined itself as being “secure, upgradable, and built to last” as well as “the last cryptocurrency.” XTZ holders can also vote on proposed changes to the protocol. Legal troubles have plagued Tezos throughout its existence, and months after the ICO, many tokens hadn’t reached their investors. This stunted the success of the presale, although it remains a top 50 cryptocurrency when ranked by market cap at the time of writing.

Seesaw Protocol (SSW) Presale is Already Making Waves

Seesaw Protocol (SSW) will look to emulate the success of Tezos (XTZ) and is already making a splash. The presale has begun and there is a cap of 990,000,000 SSW available. The first phase will end on the 25th of February, with the token sale lasting until the 25th of April.

Seesaw Protocol has designs on being multi-chain, which will give it an advantage over its crypto competitors. It will begin on the Binance Smart Chain and expand to both Polygon (POLY) and Ethereum (ETH), connecting the three. Users of SSW will be able to conduct cross-chain swaps and achieve the fastest speeds with the lowest fees.

To help maintain liquidity and stability, its creators have attached a fee to each purchase and sale of SSW. Part of the 3% buy fee is distributed to existing holders, encouraging investing with an eye on the long term. Most of the 5% sell fee is paired with BNB and added as a liquidity pair on PancakeSwap. Stability is the key to the life of a new crypto asset, and with these innovations, Seesaw Protocol can be around for the long haul. As has been proven repeatedly over time, investing in the presale can yield massive rewards, and the Seesaw Protocol sale looks like it is not one to miss.

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The following post was written and/or published as a collaboration between Grit Daily’s in-house sponsored content team and a financial partner of Grit Daily. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content that follows is for informational purposes only and is not intended to be investing advice.

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By Cory Maki Cory Maki has been verified by Muck Rack's editorial team

Cory Maki is a Staff Editor and the Business Development Manager at Grit Daily. Email [email protected](dot)com for PR pitches, advertising, and sponsored post inquiries.

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