In this article, we’ll give you a rundown of The Three S’s of crypto – Stellar (XLM), Stacks (STX), and Seesaw Protocol (SSW) – whose market activity has been looking bullish lately. The best way to figure out why they’ve been garnering so much investor attention and popularity is by learning about the intricacies of their underlying technologies as well as their goals and missions. Luckily for you, we’ve done that all for you.
Trading at $0.1785 at the time of writing, Stellar (XLM) is up around 37% in trading volume over the past 24 hours, according to Coinmarketcap. Its market cap is approximately an impressive $8,933,915,152.
How does Stellar (XLM) work?
Stellar (XLM) is a decentralized network that allows people to send and receive money. One of its goals, when it was first released in July 2014, was to increase financial inclusion by reaching out to the world’s unbanked, but it quickly shifted its focus to assisting financial firms in connecting with one another using blockchain technology.
Lumens, the network’s native token, acts as a bridge, making cross-border asset trading more affordable. All of this is intended to put pressure on existing payment providers, who frequently charge exorbitant fees for similar services.
If this sounds familiar, it’s worth noting that Stellar was based on the Ripple Labs protocol at its inception. A hard fork resulted in the creation of the blockchain, and the code was then rewritten.
Why are investors interested?
Fees are a major hindrance for many investors. However, high transaction fees on the Bitcoin (BTC) and Ethereum (ETH) blockchains have been known to skyrocket due to congestion, like with fiat-based solutions.
Every transaction on Stellar (XLM) costs only 0.00001 XLM, making it a one-of-a-kind crypto. This helps users keep more of their money because one unit of this cryptocurrency only costs a few cents at the time of writing.
While other blockchains have community funds, which allow grants to be given to projects that help the ecosystem grow, Stellar allows its users to vote on which ventures should receive funding.
As of today, Stacks (STX) price is $1.47. Its market cap is up nearly 29%, bringing it to $2,648,234,872. Its 24 hour trading volume exploded by 2,400%, landing it ranked in Coinmarketcap’s top cryptos.
How does Stacks (STX) work?
Stacks is a layer-1 blockchain solution for smart contracts and dApps on the Bitcoin (BTC) network. These smart contracts are added to Bitcoin (BTC) without affecting any of the characteristics that make it so powerful, such as security and stability.
These DApps are open and modular, which means that developers can build on top of each other’s apps to create features that would otherwise be impossible to achieve in a traditional app. Everything that happens on the network is settled on the most widely used and arguably the most secure blockchain in operation — Bitcoin — because Stacks uses Bitcoin as a base layer.
The Stacks token (STX) is used to power the platform, which is used to execute smart contracts, process transactions, and register new digital assets on the Stacks 2.0 blockchain. Stacks 2.0’s main net went live in January 2021.
Why are investors interested?
Stacks (STX) aims to take the features that make Bitcoin (BTC) so powerful and expand on them without forking or changing the original Bitcoin (BTC) blockchain.
It accomplishes this by establishing a direct connection to the Bitcoin (BTC) blockchain via its proof-of-transfer (PoX) consensus mechanism, which requires miners to pay in Bitcoin to mint new Stacks (STX) tokens. STX token holders can also stack (rather than stake) their tokens to earn Bitcoin (BTC).
Stacks has released Clarity, a new smart contract programming language that is designed to be both secure and simple to use due to its unambiguous syntax. The Algorand (ALGO) blockchain also uses this smart contract-centric programming language.
Seesaw Protocol (SSW)
Seesaw (SSW) is only in the presale stage but has already witnessed exponential growth. Over the past month, SSW has risen by an immense 356% which can only go up until its anticipated launch this April. Its current price is $0.13130.
How will Seesaw Protocol (SSW) work?
Seesaw Finance is a multi-chain, decentralized, and non-custodial ecosystem of Defi products, protocols, and use cases. Users can transfer their crypto assets between multiple chains with virtually no commission using the Seesaw Protocol (SSW). The most popular chains will be supported, including Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH).
Why are investors interested?
Following its launch on PancakeSwap, Seesaw (SSW) intends to lock in liquidity. To reassure holders that it’s not a rug pull, liquidity pool tokens will be delivered to a time-locked smart contract and relinquished ownership for a set period of time. Developers will not be able to recover funds from the liquidity pool unless they own LP tokens. Furthermore, Seesaw (SSW) will offer farming opportunities, including a gas-efficient system for increasing yield. To put it another way, simply owning SSW provides a passive income stream.
Aside from that, Seesaw (SSW) believes it is critical for children to develop technological and financial literacy in order to prepare them for the blockchain’s evolving future. If schools can teach us algebra and geometry (which we may never use again), shouldn’t they also be able to teach us about technology and finance?
Seesaw (SSW) will donate tokens – 1% of its Marketing pot – to its Education pot, which will fund resources needed to deliver its mission to educational institutions all over the world, with a focus on developing countries. Furthermore, as Seesaw (SSW) is traded, a portion of the buy and sell fees will be donated to the Education fund, allowing them to further their humanitarian mission.
Enter Presale: https://presale.seesawprotocol.io/register