SushiSwap (SUSHI) is a decentralized cryptocurrency exchange (DEX) operating on an automated market maker (AMM) protocol. It allows users to trade, stake, and earn rewards without intermediaries by providing liquidity to various crypto pools.
Kalkulator SushiSwap ke Rupiah (SUSHI to IDR)
Konversi Harga SushiSwap hari ini ke dalam Rupiah sebaliknya.
About SushiSwap (SUSHI)
SushiSwap is a community-driven DEX launched in 2020 as a fork of Uniswap. It offers decentralized finance (DeFi) services, including token swaps, liquidity provision, and staking through innovative features like yield farming and governance tokens. The platform’s native token, SUSHI, is used for governance, staking rewards, and liquidity incentives.
SushiSwap (SUSHI) Working Mechanism
SushiSwap operates on an AMM system where users trade directly with liquidity pools rather than order books. Liquidity providers (LPs) deposit token pairs in pools, earning transaction fees and SUSHI tokens as rewards. When a trade occurs, prices adjust based on the pool’s token ratio, following a constant product formula.
Uniqueness of SushiSwap (SUSHI)
Unlike many other DEXs, SushiSwap enhances user engagement through unique features like yield farming, token staking, and governance participation. It regularly integrates new blockchain networks and offers a multi-chain presence, including Ethereum, Binance Smart Chain, and Polygon. SushiSwap also features MISO, a launchpad for new crypto projects.
Advantages and Disadvantages of SushiSwap (SUSHI)
Advantages:
- Users maintain control over their assets (non-custodial).
- Offers multiple earning options through staking, farming, and liquidity provision.
- Supports various blockchain networks for broader access.
Disadvantages:
- Susceptible to impermanent loss for liquidity providers.
- Gas fees on Ethereum can be high during network congestion.
- Risks of smart contract vulnerabilities and exploits.
Features of SushiSwap (SUSHI)
- Liquidity Pools: Users earn rewards by providing liquidity to token pairs.
- Yield Farming: Incentivizes users to stake LP tokens for extra SUSHI rewards.
- SUSHI Token: Used for platform governance, staking, and rewards.
- MISO Launchpad: Facilitates the creation and launch of new tokens.
- Cross-Chain Support: Operates on multiple blockchain networks.
History and Development of SushiSwap (SUSHI)
SushiSwap was founded in 2020 by an anonymous developer known as Chef Nomi. The project quickly gained attention by incentivizing Uniswap liquidity providers to migrate their funds to SushiSwap through “vampire mining.” After initial controversy surrounding Chef Nomi’s withdrawal of funds, the platform’s development was taken over by key contributors, including 0xMaki, leading to its continued growth and innovation in the DeFi space.
How to Buy SushiSwap (SUSHI)
Interested in purchasing this particular crypto asset? You can buy SushiSwap (SUSHI) by following these steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying crypto through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the Crypto menu, search and select SushiSwap (SUSHI).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the crypto asset, be sure to conduct research and analysis first. You can do this by checking the crypto asset profile, industry conditions, monitoring price movement trends, and observing its liquidity and trading volume. Performing this analysis is crucial so you can formulate an accurate investment strategy and minimize losses.
Is it Safe to Buy SushiSwap (SUSHI) on Nanovest?
Absolutely. Nanovest is supported by a number of professional partners with a strong reputation for providing quality services. One of these includes the technology backing of the S-Quantum Engine by Sinarmas Financial Services.
For global and US stocks, Nanovest collaborates with brokers registered with the Financial Industry Regulatory Authority (FINRA) in the United States – which ensures Nanovest users’ broker accounts up to US$500k by the Securities Investor Protection Corporation (SIPC) in the United States.
As for crypto assets, Nanovest is an Indonesian crypto exchange registered with the Commodity Futures Trading Regulatory Agency (Bappebti). The Nanovest platform itself is also insured through a partnership with Sinarmas Insurance.
Disclaimer
All content on this website is for informational purposes and doesn’t constitute a recommendation to buy/sell any stock or crypto. Investors should understand the nature of stocks and digital assets, including return and risk requirements of the assets. We encourage investors to fully understand the assets and risks before making any investment. Always do your own research.
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