What Is SUSH Coin (What is Sushi Coin)?
What is SUSH Coin? According to official sources, Sushiswap (SUSHI) is an ERC20
What is SUSH Coin? According to official sources, Sushiswap (SUSHI) is an ERC20 token issued on the Ethereum blockchain. Upon its launch, the price of Sushi soared more than five times and briefly reached around $15, and now it has risen to $180,000, with a growth rate of 1000%.
According to its introduction, Sushi is an open-source platform that provides momentum for DeFi projects through automated market makers. SUSHI has been deployed on multiple protocols, including Uniswap, PancakeSwap, Aave, and Curve. SushiSwap utilizes automated market-making tools to facilitate seamless exchange of various cryptocurrencies and other assets on Uniswap.
What is Sushi Coin?
According to official sources, what is Sushi Coin? The specific information is as follows.
Sushi is a decentralized exchange protocol designed to provide lucrative rewards and incentives for liquidity providers. The total supply of Sushi tokens is 21 million, with 15% (70%) allocated for community mining; 30% allocated to developers, advisors, or consultants; 10% contributed as income from liquidity to the team members, and the remaining 5% will be used for future development plans and governance. After the issuance of Sushi tokens, the price of SUSHI will increase over time and gradually decrease until it is fully circulated in the market, at which point it will be destroyed to maintain a stable price.
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