What is Sake Coin (What is the Prospect of Sake Coin)
Sake Coin is a deflationary asset that allows token holders to participate in go
Sake Coin is a deflationary asset that allows token holders to participate in governance through voting, according to official information from sake.finance. The project has received investments from institutions such as Multicoin Capital, a16z, Dragonfly Capital, Polychain Capital, and the founder of Pantera Capital, Paul Veradittakit, as well as the co-founder of Sushiswap, 0xMaki.
It is reported that various DeFi protocols have been launched on the Ethereum network, including Synthetix (SNX), Uniswap (UNI), and Kyber Network (KNC).
What is the prospect of Sake Coin
According to cryptoglobe, Sake Coin, currently ranked second in terms of market value, has been listed for trading on the decentralized exchange Uniswap. From a technical perspective, the token can be integrated similar to SushiSwap and will support liquidity and governance voting in the future. According to the official introduction, SAKE is a decentralized asset protocol developed and issued on Ethereum. It is mainly used to reward early participants and incentivize long-term holders. In addition, it can also help users earn interest and receive platform revenue shares.
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