Buy SushiSwap (SUSHI), it’s easy!

Why buy SushiSwap?

If you’re contemplating whether to buy SushiSwap, you’ll be interested to know that it’s one of the most popular decentralised exchanges (DEX) on the Ethereum network. Originating from Uniswap’s source code, the SushiSwap development team has implemented a more advanced and engaging governance system. SushiSwap is now available on 32 blockchains, including Ethereum, Avalanche, Arbitrum, Polygon, Binance Smart Chain, and Optimism.

So, why buy SushiSwap’s ERC-20 token? A significant reason lies in its governance model, where voting rights are distributed among SUSHI holders based on their holdings.

What is SushiSwap, and How Did It Begin?

SushiSwap is a leading DEX utilising the Automated Market Maker (AMM) mechanism, allowing users to trade cryptocurrencies on the blockchain. Token swaps are managed by algorithms that handle liquidity in smart contracts, known as “liquidity pools,” supplied by Liquidity Providers (LPs) in exchange for crypto rewards. Traders can operate decentralised, managing their wallets independently and paying fees only to the LPs and the network.

While the first AMM-based DEX was Uniswap, launched in 2018, SushiSwap emerged two years later, building on its foundation. In September 2020, two anonymous developers (0xMaki and Chef Nomi) forked Uniswap’s source code and devised a successful acquisition strategy. To divert volumes from Uniswap, SushiSwap offered incentives for transferring liquidity from the Uniswap protocol, a strategy known as the “vampire attack”. Another reason to consider buying SushiSwap is its ability to keep pace with competitors, boasting numerous significant partners in today’s decentralised finance sector.