SushiSwap is a Uniswap fork created by anonymous developers. It is an automated market-based decentralised cryptocurrency exchange on the Ethereum blockchain designed to incentivise users to create liquidity on the platform. Users can add liquidity to the pool and receive SUSHI tokens as a reward. Moreover, the earliest users are considered the most important participants and continue to receive rewards, even after they withdraw their funds from the pool. If liquidity stops being provided, this reward will decrease.
In SushiSwap, the commission for exchanges is 0.3%, with 0.25% going directly to pool participants and the remaining 0.05% converted to SUSHI and distributed to all token holders. This makes it possible to receive income even after completely withdrawing from the pool.
SUSHI has a built-in inflationary mechanism. In one year, circulation will be 326 million tokens. In two years, that number will reach 600 million. This encourages users not to simply hold the token but to actively provide liquidity. The project is managed through community voting on all major changes to the protocol.
SUSHI's capitalisation at the beginning of April 2021 was over $1.9 billion.
The tokens started trading in December 2020. In just Q1 2021, SUSHIUSD increased more than 5.1 times in value! Its average intraday volatility was 12.6%.
How to buy and sell SUSHIUSD?
You can buy and sell SUSHIUSD on specialised cryptocurrency exchanges, but the best way to trade it is through a broker or trading platforms, such as MetaTrader 4 or Libertex, where trades are easier to make, leverage can be used, and you can even earn if the cryptocurrency's value goes down.