As Decentralized Finance (Defi) grows, SushiSwap – a branch of Uniswap is dominating the cryptocurrency market rapidly. So what is SushiSwap and should you invest in SUSHI? Let’s find out with 5ROI Global in the article below!
What is SushiSwap? Highlights of the SushiSwap project
SushiSwap is a decentralized cryptocurrency exchange built on the Ethereum blockchain. The SushiSwap project originated from the idea of improving the Uniswap platform, one of the most popular Ethereum-based decentralized exchanges in the cryptocurrency market today.
As an AMM fork from the original Uniswap, SushiSwap inherits Uniswap’s unique features of the AMM model, allowing users to swap any ERC20 token and use a liquidity pool instead of an order book. However, if Uniswap has no native token, no revenue, and no reward mechanism for contributors, SushiSwap owns all of the above.
Currently, besides the main product AMM SushiSwap, the project is oriented to expand the business market by developing more new products/features such as Lending, IDO, Yield Optimizer, Leverage,…
Overview of SUSHI Token
What is SUSHI Token?
SUSHI is the Native Token of the Sushi ecosystem. SUSHI Token is used as a reward when investors participate in Liquidity Mining and provide liquidity in some Pools.
In addition, 0.3% of all transaction fees in the Pool are allocated respectively to the Liquidity Providers of the pool. 0.25% goes directly to the active Liquidity Providers in the Pool. The remaining 0.05% is converted back to holders.
Details about SUSHI Token
- Token Name: SUSHI Token.
- Ticker: SUSHI.
- Blockchain: Ethereum.
- Contract: 0x6b3595068778dd592e39a122f4f5a5cf09c90fe2
- Token type: Utility.
- Token Standard: ERC-20.
- Total Supply: 241,684,307 SUSHI.
- Circulating Supply: 127,244,443 SUSHI.
How to buy SUSHI tokens?
Currently, SUSHI Token has been officially listed on the 5ROI Global exchange. You can easily participate in SUSHI trading on 5ROI Global with simple steps as follows:
Step 1: Access the 5ROI Global exchange here
Step 2: On the main screen of 5ROI Global, select “Spot”
Step 3: Find SUSHI Token by typing in the search box.
Step 4: Enter the number of tokens you want to buy.
Step 5: Adjust the price according to demand, then approve the transaction.
Trade SUSHI Token on the 5ROI Global platform here
Roadmap & Updates of the SushiSwap project
In the future, Sushi plans to develop a Franchise Pool, promising to merge CEX and DEX. At the same time, the Franchise Pool will be differentiated from the main Trident AMM, allowing institutions to be whitelisted for liquidity and Swap.
The project has also repositioned the Kashi implementation. Currently, SushiSwap is being deployed on Polygon, as well as working on a gas fee-saving version on Ethereum.
Summary
With breakthrough innovations such as Kashi lending, BentoBox vaults, MISO launchpad, and multi-chain vision, SushiSwap is building a comprehensive Defi ecosystem and asserting its potential position in today’s Crypto market.
Above is the main information about the SushiSwap project. If you want to talk more about the potential of this project, please join the communities of 5ROI Global.
Hopefully, this overview of SushiSwap and SUSHI Token will provide you with useful information to make the right investment decision. And don’t forget to follow the articles on 5ROI Global’s website daily to update the hottest information about the cryptocurrency market!
Risk Disclaimer:
For investors, trading digital assets are both an opportunity and a challenge with outstanding profit potential. 5ROI Global only provides useful information for investors to grasp, and refer to and does not provide financial investment advice of any kind.
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