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What do you think about Sushiswap?

Hi, guys! Yesterday my friend send me the sushi swap project and told me that it's a great project to invest in Binance.

What do you think is this project is good enough to invest?

I am doing some research before put money in their token.

The concept is good. But to trade in the present, maybe is the right time. Because the price of Sushi has decreased. So the price is now a great time. Even before that I invested in sushi at the price of $9. There are also many interesting programs from this project, so that more sushi rewards can be obtained.

Your friend probably doesn't even know that the sushiswap dev dump $8 million tokens. He's trying to pull a Charlie Lee if you know what I mean. Many of the previous supporters have lost confidence because of what he did. You know what happens to projects like that? It drops tremendously.

Binance just listed that token because they want the trading fees from users like your friend who are riding the DeFi hype. Not all projects in there are legit and if you want to check how it's performed after the hype - https://coinmarketcap.com/currencies/sushiswap/historical-data/

If you're going to buy now, you're only giving your money to the people who are waiting to dump and exit. Careful.

Good catch, I would avoid this kind of project where developers are eagerly dumping their token to unsuspecting investors.  This kind of developers should be sued of malicious intent of tricking their investors and supporters.  This case falls under fraud where one take advantage of the trust of people and tricking them to gain financial advantage.

I think the Binance sushiswap list is too normal, we cannot because a token is traded on a large platform and forget to consider other aspects. I only trust the projects listed on Gemini and coinbase.
The tokens that want to be listed on Binance only need to spend 50BTC to do that. The builder of the sushiswp project has earned more than 17000ETH (equivalent to $ 6 million at present) by selling all the tokens he holds. Perhaps the project is over, do not trust his promises.

Its a fork with no vision, just a meme token. Go look at something that wants to improve on defi. www.fiscus.fyi

Thank me later

I think it is suitable for investment because this token has entered into the well-known exchanges in the crypto world. new tokens are competing to enter the exchange like Binance. invest hodl and dont panic!!!

I'm not sure if they are actually legit. I hope they are, but since the founder who actually sold all his tokens for eth, is anonymous. People are accusing them for an exit scam.

It's trading badly right now. People are uncertain and I don't know if the price can recover with this situation. I hope you did not put your money on it. Just a tip, don't ever invest in something without a basis, a historical price or fundamentals. Speculation can give large profits but it is a huge gamble that can also lead to huge losses.

I dont know too much about this project, but its price has collapsed so many times since it went up to $ 7 a few days ago. The price is down more than 70% today and I believe it will continue to fall, obviously we need to be really careful with the Defi projects and never Fomo them.

I can only think about getting a sushi bite  ;D
Am still speechless about the name choice, out of the many possible names out there why the developers decide to go with sushi as a project name, anyways, other than the catching name, I don't know anything about this project and I feel it doesn't appear like something created out of seriousness.

Entering a well known exchange does not mean it is a promising one.  They just have the money to be listed, and since they spend to much for listing, they need to recover the money spend on listing.  So as a result, you see a huge dump of token that crashed the price of that token's market.  It is always best to study, research and think multiple times any venture you have in mind.

It has sense, I see twitter of CEO with Panda avatar

Another thing is, this anonymous dev actually promised that he's not going to dump a week ago.
https://i.ibb.co/k2CWYQH/sushi.jpg
(source (https://twitter.com/CryptoGatz/status/1302512546105024522))

Any of the investors can try to sue but I doubt it will result to any arrest. Such is the nature of unregulated markets like cryptocurrencies. Can you imagine some guy over the internet just made millions from thin air? Yeah, there's a code, "product" and all that stuff but those are definitely not worth millions. The burden is always on the part of the investors - Caveat Emptor.

---

@TeleShoper, are you still following this? The sushiswap developer already transferred control of the project to FTX CEO SBF Alameda. Some say that guy is the biggest sushi bagholder right now and that means he's another potential dumper. I'm pretty sure he will shill the shit out of sushi and sell his tokens sooner or later.

What's going to happen to the original sushi dev? He'll probably ride into the sunset with his new money.
https://i.ibb.co/Qp89TP3/sushi.png
(Source (https://twitter.com/NomiChef/status/1302511099263119360))
^ Like I said above, he lied about the dumping.

This is a scam coin and full with agenda.

After the CEO was dumping its token and how is it possible for the FTX CEO was approving to take over the control of the sushi swap? This a big BS today that I can see that in my life.

Binance and FTX were also getting involved in this crap scenario.

Never try to think to buy this crap coin.

The very idea of Sushiswap is not a bad... But the creator has behaved very dishonestly! However, after buying a project by the creator of the FTX exchange, things may get better...
However, I would not invest in such a project anyway. The name alone repels me personally! ;D

but make no mistake in the exchange which is known to greatly affect the token, can it be a measure of whether it is true or not?

After sushi has already taken by the FTX exchange site and then it looks like worth to hold some. The latest recovery is happening with sushi after the announcement that has already made by its old creator.

The only problem was the old creator has been making a lot of people were loosing their money as the dump that has already made was injuring the market.

I will not say this is a good coin to invest but after the acquisition I can call this enough.

You need to read carefully and needs to keep updating yourself as there's always potentials, like now the current
growth is good enough for traders who bought when the price plunged  happened.
It's regaining back and based from CMC the value rises twice from the yesterday trades.


The people who invest when the pumped happened are very disappointed with how things went out, most of them loses their money, maybe
other investors tend to hold and wait than to lose that much from the downfall that take place.


Better to learn more before doing any action, currently the price is quite good if you are willing to wait for the last time ATH.

Actually that news is really surprising. It seems CZ save himself from dissapointment and shamed. Since he list a project that the owner dumped his devshares. Actually I almost thought sushi will be delisted and being abandon but a brilliant move by FTX and alameda to take over the project. Now the situation changed and maybe we could see a lot more improvement under the new management.

Actually the fud happened and the price of sushi becomes bargain. Lucky those who bought this dip and suddenly a big news arrived its seems their purchase has been supported. For future trading itts good to have position now on Sushi.

So that was the reason why SUSHI is making a 100% return tonight. Binance got a bit lucky this time otherwise the backlash would have been huge IMO. If the FTX wouldn't have come to the rescue then the price would have kept dropping.

As sushiswap CEO sell his/her tokens, it don't look like fine. Also, newly investors are in so much fomo that don't research properly and invest in the wrong projects. So it's better to don't get in fomo to invest in defi space.

This is really not a very good investment in my opinion as the dev already dumped huge amount of tokens. What is the reason why he would do such thing? If the dev alone discarded his tokens, then he has good reasons why he opted that. Not a true believer of their own platform? Also, we don't know if FTX can really salvage this project in the long run. So in my opinion, better stay away from this, as the future is bit hazy on this one.

Sushiswap has changed the operator, now the CEO of FTX exchange has taken over sushiswap. The value of sushiswap immediately increased from $ 1 to $ 2.6 yesterday.
In response to frustration from Binance's founders, CZ claimed he did not know the owner of the sushiswap project and he listed sushiswap because the business needed to be like that and he listed it because it was the needs of the market. CZ discourages people from buying sushiswap and everyone is responsible for their actions.
I think sushiswap is the most interesting gamble in DEFI world because there are the most dramas in a week. As for CZ, his intolerance only made the community angrier. Maybe he's better off opening a casino than a cryptocurrency exchange.

If this is the case then its better to stay away to this project and find another that is worth to invest your money.

Dumping $8 million tokens has an impact to its price and probably those who buy at higher value are just waiting to sell and get their money back.

Do a research before investing.

What i know is that the owner of sushi tokens has dumped his own coins and he plans to come up with new project and tokens atleast this is what i have read and there are no more information available yet about how things will proceed but most of investors are facing heavy loss at the moment.

Not interested in things that many people talk about, usually it will not last long, new things for me must be filtered carefully if you want to invest in them because they contain a large risk

Surprising how much volume to this Sushi today even when it had drop this low after he controversial exit exam of its CEO.  CZ already had tweeted about them being scam I wonder if he delisted it already.

There was an article just recently that the Sushi project already has a new CEO which maybe had helped the confidence for the investors.  I wouldn't be so sure about this game they have. But there are more Defi projects out there than this one.

Nothing specifically is special about this project apart from listing on binance which is one of the best exchange but still I don't think I can invest in the project, those investing should invest with what they can afford to lose.

Don't trust what we are reading right now. Because that might be a trap for all we know. Just to entice buyers before they totally exit from the project. It is hard to trust projects with questionable background, because we don't know what they are cooking behind that curtain. So to be safe, let the dust settles and see what's in store for you after.

No offense but it seems your friend is finding someone to dig for a grave jk ;D. Look on how sushiswap's price drop, it falls so hard. The last time I checked for its price after I bumped into a related thread it costs $3 something. And now it only costs $2.79 (based on CMC). See? Do you really consider it a good project? Nah I don't think so. But well, it is still on its early stage so it's unfair to already make a conclusion in this defi. But in my perspective, the bubble already bursted thus you can't guarantee that it will bounce back. Try other old coins instead.

What's else, if not to say the hype defi scheme, some defi have experienced a very deep decline when BTC fell this week the average is above 30%.
There are so many defi coins listed on Binance, Ceo Binance said if we don't list defi coins then the money will move elsewhere so we are.
so CZ listed the defi and said that all defi / no coins had a high risk.

You're doing the right thing anyway, those people who tell that such coins are the right one to invest your money with are of two kinds. whether they intend to make some hyoe or they've just carried away from what they've seen in the market about the price of those coins and in any minute the tide could be turn at any moment. that's why we need to have our own research before doing the first move and asking questions here about that matter is also a good initiative.

I think it is not a big deal, their project is based on the hypes around them. I would say it is too risky to invest on such project.
Just looking at the price history, we know the volatility of sushiswap is very high although it listed on top exchange like Binance.
But when investing in high volatility coin, you will have big profit or big loss easily.
My conclusion is, if you love risk, it is ok to buy the coin, but if you want safer option, don't buy it.

This amount of blocked money in a project with a funny name SUHI scares me! ;D
1,239,997,512 dollars in some fucking SUSHI! (https://sushi.zippo.io/) ;D
Especially, as far as I know, this token has an unlimited emission... ;)

Why will cz be shamed? Do you think if the dev have not exit scam and sushi did not encounter this problem Binance will not miss out on the huge traffic generated by listing sushi just like cz pointed out! nobody can tell what is in an egg until it is broken, cz is not a fortune teller and couldn't have guess the team will exit scam in near future, even the investors who invest couldn't have tell, so I don't see why cz should be ashamed of, any project can also experience this even if they were to be trusted.

Very fantastic income that has been obtained by the current sushiwap founders, and I think it is fairly reasonable because there was an increase in the price of tokens in the market at the beginning of the launch and I think this is also triggered by the DeFi system they are currently using, but it seems like the issue is circulating If the founder of Sushiwap has left the project that is not true at all, because recently the founders of sushiwap chef Nomi has denied this
https://news.bitcoin.com/sushiswap-founder-reportedly-exit-scams-as-sushi-token-price-tanks/

It is kind of abandoned project, personally i do not suggest to invest in projects that have a bad incident in any shape or form.
The events that have unfolded and how the owner of the project abandoned his own project is very disturbing and obviously people will learn a lesson to not chase all new projects let them prove themselves first.

I am of the opinion that uniswap is the real platform and all these projects are nothing but copycats that aim to replicate the success of uniswap. In the end sushiswap could prove to be useful as well but uniswap will remain the king.

Thats because their system allow the token be listed as long as the team pay the listing fee. Anyone with the intenstion to make more BTC will likely pay more than 20BTC if the potential to earn 20x more is possible in the exchange highly trusted by all. Well, all exchange CEOs can say in the back of their mind is that shit happens.

I wouldn't be telling RIP if that CEO landed somewhere in the desserted areas in Mexico burried while his head consumed by fire ants.

Yes. Actually Im really suprised why CZ list it I know business mattet but I thought they are fan of strict when it comes to developers. Like they review it first so incident like this with sushi will never happened again.

The fact that without the issue out first, people got curious why sushi was the choice to be listed. As a crypto enthusiasts. You could see the need of a strict screening. Everybody knows how hard to get listed there until the defi hype rises. So, whats the real reason? I think I prefer mantradao or akropolis on the possible listing which has more potential. Not just only me have been shocked about sushi but a lot more.

SushiSwap founder sells his holding. Can this be count as a scam? Article Sushi Token  (https://www.worldcoinindex.com/news/sushi-token-price-tanks-as-founder-of-defi-protocol-sushiswap-sells-100-holding-in-alleged-exit-scam)

This project was a scam but now it has chances they were bought by another biggest company!

There's this popular opinion that projects listed on binance are legit and would perform well, but that's not in all cases. Binance is a good exchange, no doubt but its best to consider the project for what it is and not for its ability to list on binance. Projects are listed on binance for different reasons and its too risky to trust all projects listed on binance.

Basically all large companies are not interested in a project that has been labeled a scam, but if it is possible that this can happen, the project will also undergo very good improvements in terms of future developments.

SUSHI was bought out by the creator of FTX exchange. Today from 14:10 UTC migration of projects will begin (https://medium.com/sushiswap-org/migration-faq-effdf940e167)... Perhaps we will see another pump...

Some people invest in this project because of the exchange that it was listed. Indeed binance is good and reputable exchange knowing the fact that sushi listed their is a plus and investors becomes interested to purchase this project. This is why investing to this kind of project is very risky and if you cannot afford to lose invest on top coins in the market.

It might be a good news for the holders or anyones who invest in sushi project since according to Backman-Fried (as the current CEO of FTX exchange) tweet (https://twitter.com/SBF_Alameda/status/1303772722871169024), it said the migration from uniswap has done already. No wonder if pump scenario would happen soon..

Looks like sushiswap has beat the liquidity of uniswap and become DEX with the largest liquidity at the moment.
https://i.ibb.co/rpSFjf3/Annotation-2020-09-10-212009.png
Source: https://twitter.com/hmazawi/status/1303821821196865539

Related article --> https://cointelegraph.com/news/sushiswap-has-officially-migrated-away-from-uniswap-after-a-week-of-ups-and-downs
 

People are believing in sushi when they become hamsters) Just like me, I have invested about 1500$ before 6 hours of sushi get down.

It's a crazy sad story (( One guy offered me to invest in it as it seemed to him a good project.

After what happened a few weeks ago and the fonder rugged the pull, I'm not touching it as like as many others, they need to learn a lesson that they can't because of broke of people than solve it with simple forgiveness, they should have airdropped some sushi but didn't!

Who knows, after the people heard about sushi under the control of another company the price pumped to 2,69 from 1,2 $

This is a result of pure speculation and hype. Who knows that this new company owner is not the chefnomi(previous founder). No one knows the real identity of that guy and he can manipulate again the price because once investors trust come back again. People are really easy to ge caught on this kind of scheme.

Sushi is just a ponzi token that using DeFi to sugar coat there modus. This sushi farming is not design for the long run considering the yield percentage they are offering. A lot of new tokens being mine daily that will cause oversupply in the long run.

Well, indeed it looks like a scam.
I invested in a sushiswap pool 2 weeks ago. Now I want to withdraw my investment.
But I am only able to unstake, not to withdraw! There is no withdrawal link!
Any ideas how to withdraw on Sushiswap? https://sushiswapclassic.org/farms/

Was this not the project whose dev dumped a huge amount of their token and even justified doing it. Doing such a thing to users in my own opinion is not good and doesn't speak well of a project that aims to grow or a project that have its users at heart. My humble opinion would be, be careful of investing in such project, in fact there are a good number of coins and tokens out there in coinmarketcap to invest in, and there will also be new projects which can catch your attention, so take a break and think again.
Secondly, talking about their swap platform in general, I tend to ask myself, why would I get involved with such platform when Uniswap is still leading. Even nowadays, there are many swap platforms now but what actually makes them stand out?
In essence, what I am trying to point out is, don't always be too quick to invest in a project just because someone recommend it, try and research about the project, and if they have competitors in this case Uniswap, try and know which is better.

Sushi coins if I'm not mistaken have listed over 50 well-known exchanges currently including Binance, hotbit, indodax, bithumb.g and many others, and also have the best trading volume currently at CMC the rank 86 can change depending on the buyer.
Meaning: Sushiswap Coin has a positive impact on the trading market, Sushi is currently priced at $ 0.89 and was at the level: $ 11 in September this year.

You can temporarily review here: https://coinmarketcap.com/currencies/sushiswap/ From the data and market developments on the Sushiswap coin, it can be said that currently it is a good coin to invest in, however, other information is also needed to get rid of your doubts about Sushi coins.

After everything I have read about this project, just by typing "Sushiswap" into the Google search, and the dubious developer, I can only advise everyone to keep their hands off this project...
If someone first steals all the money, and then repentantly return everything, that can only be rather lazy thing, i think!

https://media.giphy.com/media/l7oGn4lXuxf0c/giphy-downsized.gif

It looks like there's no another way to withdraw your money as your coins were getting locked on the liquidity pool. After the acquisition of sushi by alameda and this coin becomes a very very bad coin.
The main purpose of this coin to be used as a project to scam the investors.
The control to pulling out your money was owned by the developers and if the dev didn't allow you to do that and you will never able to get back your funds while the price of sushi is always going down day by day.

The owner ran away with the money and then came back and apologized because he knew he left trail that could reach him and even though they are brought by another company the reputation that is tarnished cannot be retained and it would have being great if they could create a new project rather than keeping this name if they really wanted to succeed. Not a big fan of these projects because i am yet to fully understand every technical aspects.

The reputation has been shrouded by negative act of the previous owner.
But fortunately, he came to his senses fast and return the money and apologized as well.
Very few can do such act but maybe he is avoiding jail time why he did that.
Will also not patronize this project as honestly I don't see any actual application in my real life.
Maybe it will change if in case it will have direct impact in my day to day living.

Op asks about sushiswap, and you see some people say this legit, some people warn it. My advice for OP better he skips it and chooses another coin, there are so many legit coins in Binance.

But why your suggestion?? Seriously?? On their website is clear "This project is in beta. Use at your own risk". Sushiswap is better than your recommendation

Better not to follow any recommendations if in doubt, Sushiswap can be great no one knows since most of the fork are being bashed at first and yet they continue to go up despite of it. The news about the founder selling his holdings is not a new thing since this is also happening even on the top coins or projects. OP have to look for the bad and good side of this, look for the comments of the other and confirm it on your own way.

Of course he only wanted to advertise His Own shitcoin of choice,Thanking Him later will surely change to blaming Him later if you are fool enough to invest in a coin that still in Beta.
actually there is no better than those two coins because they are both going nothing in future.
thanks for the share mate,i know that this wont go any further soon,and this is another project that only riding the popularity of Defi projects.


take a look at this one for you guys find out why most people here advising you to keep away from this one.

https://bitcointalk.org/index.php?topic=5280046.msg55317684#msg55317684

He wants shilling it by call another project as a meme coin while what he was promoting can be considered as meme coin too. sushi is a bad project IMO. Even the dev of sushi is not its old creator again and look at the price of sushi. It's going down so fast. I expect sushi will worth a few cents next months as so many people will keep farm with non-sense APY.

Anyone should avoid dealing with this coin as a huge chance for each of sushi will worth nothing in the future.

Sushiswap had a lot of drama IMO, and investors lost a pretty huge amount when the project owner sold all his tokens. Good thing that FTX quickly took over the project otherwise it would have dropped more.

I would stay away from this sort of venture where engineers are excitedly unloading their token to clueless speculators. This sort of designers ought to be sued of noxious purpose of deceiving their speculators and allies. I trust you didn't put your cash on it. Only a tip, never put resources into something without a premise, a recorded cost or essentials. Theory can give huge benefits however it is a gigantic bet that can likewise prompt enormous misfortunes.

In addition to my last post here, I have some useful guides for you...
I think, with this, it is easy to evaluate for you, how much substance does have the project of your interest:

► [Guide] How to detect fake token and spot scammers. (https://bitcointalk.org/index.php?topic=5049749.0) ◄
► 🌍[Guide] Prevent scam!!! Some useful tools for find scam / fake ICO team 🌍 (https://bitcointalk.org/index.php?topic=4586576.0) ◄
► 🌍 Guidelines, how to spot a scam ICO & report effectively. ✔ (https://bitcointalk.org/index.php?topic=5004397.0) ◄

It seems like these projects are going to run in the long run, people could farm, stake and invest their money but it turns out that more people wants to sell that to trust the project. In other times, the project itself sells their own tokens.

With this, I am starting to generalized altcoin projects on ethereum blockchain as short term. Meaning, we could trust these projects for the short time since most of the people do us, or else, our profit will lost if they sell and we hold.

If we want true investment and long term, the only good crypto is Bitcoin and Ethereum.

As mentioned by sushi. It's a token to farm not to invest in. As you can price has dropped substantially from its ath and it continues to drop, I do expect a reversal soon but its going to be a struggle for sushi from here on. Your friend's excitement may have carried him away which caused him to advice you to invest in this token but you should DYOR and not rely on other people even if they are your friends.

I think it's anything but a serious deal, their task depends on the hypes around them. I would state it is too unsafe to even consider investing on such undertaking. Simply taking a gander at the value history, we know the unpredictability of sushiswap is high in spite of the fact that it recorded on top trade like Binance. Everyone knows how difficult to get recorded there until the defi publicity rises. All in all, what's the genuine explanation? I think I incline toward or acropolis on the conceivable posting which has more potential.

Though Dex exchange seems to be reigning now but I guess is good to stay clear investing on project like sushi, currently dev are just hyping most defi project just to cashout and run. I will you stay low for now and watch.

We have see many new project like this which they are good in the beginning and end up in half way and put the investors in low profit making. Sushi swap is everywhere in the market  well stable in pumping which is attract more customers to join them.
I think with time sushi swap will dump because what happened some years ago is about to repeat it self again in this season.
Many people that hold their coins for years they are now releasing them to market which the sushi swap is good in the market now with stable pump that is putting smile in the face of the investors.

The different story happened with sushi as the old developers who wanna cash out his money has already getting threatened by so many people that will be creating a various report for him to the police or regulators.
That makes him feel worried but sushi's price is always getting dropped even deeper to touch the next all time low.
The APY has been giving very big pressure to the price and the farmers are in demand dumping their earned sushi in the market instantly. There are no longterm investors in sushi.

To be very honest I do not like the project at all not because of the functionality but because what their owner tried to do and was caught and had to return the coins but when such guys are the the top of administration you cannot really trust the project and it's development. Even Binance was under fire for listing such a token.

I know I might be sounding salty but really once such things happen to a project then there is really no scope and you are always wondering if the owners just dump and exit anytime they need.

I am rather more interested and positive about uniswap because they have not made any such move and while they are similar to sushiswap they are different and look more professional.

SushiSwap to be quite good. Though one thing that most of these DeFi projects do have in common is that they are ‘hungry', seriously they have some funny names and some people are not going to be taking them serious; sushi, sashimi, yam, etc. Lol. This project has had its share of controversy as well, same as other DeFi projects there is, but it’s been good.

For me I would say that it’s better to earn sushi token than investing, that would be much better. And the price has been down as of recent, it used to be more than what it is now. It has been competing with Uniswap, and the competition got even more hot as Uniswap released their own UNI token.

The FTX didn't give any impact to the price of sushi. This is a project that was working on a very very big APY at this moment. people keep farm it and then dump it.

Just take a look at the current price https://coinmarketcap.com/currencies/sushiswap/

Im sure the only thing that makes sushi can sustain till this time was the huge volume that came from the major exchange sites and no more. FTX didn't give any positive sign to the price. another all low time will have achieved very soon.  :D :D :D :D :D :D :D

not gonna touch them after the bad rumour revolving around the project concerning the dev but well thats just my opinion  ::)


it's catchy marketing to attract intention, i mean the name sushiswap is more interesting than those with rather technical name that average joe don't really understand the meaning of. maybe that's the reason why many platform also following the same pattern.

up

Most investors including myself lost trust already for SUSHI due to the saga with Nomichef. Initially I thought it will be a major competitor to uniswap but I deviated my thoughts from that weeks back. I actually bought a lot of SUSHI on OKEX between 6$ to 11$, now I'm stucked in the dip. I have no option than to hold and hope things get better with the project. Even after Chef Nomi returned the $14M worth of ETH back to the sushiswap treasury, it didn't create any impact, meaning it's hard to gain back lost trust. I wish the project well anyway, some DEFI projects still use sushiswap, hence a working product could do well in future.

Seeing the market over time and the arrival of sushiswap, it has pulled many of the big players in the market into a comedy play, and its creators are real comedians in the market. this. I can't see why a copy similar to uniswap makes such a great deal of attraction. I think at this point perhaps the performers of that play also made some money, and I think sushi will soon die and be forgotten.

I want to disagree with you ;) https://www.theblockcrypto.com/post/86128/defi-protocol-yearn-finance-sushiswap-merger

Seeing Sushiswap performance is doing good this week increasing +20% to its price and market capitalization to  $345,507,336 getting to top 51  in coinmarketcap,  It's going back again to its current price in the first launched? Could this be a good sign to invest get sushi?

Sushiswap was one of the listed good crypto projects and I think this is also one of the reason why ETH fees which miners had been made to deduct every transaction so high is due to this platform same goes too uniswap. These two known platform that booms in the market are using the ETH network. I had been observing it too where there are some members here complaining and even supporting the claim by the graph represented on how much ETH transaction fees had been so expensive or high.

So, these crypto projects are good and I think it cannot easily die because there are so many good projects listed in the platform in which it earn from those project listed.

​​Coinbase Custody now supports deposits and withdrawals for SushiSwap (SUSHI), Utrust (UTK).

I used to think it was a scam... In principle, I'm still suspicious of such DeFi projects... However, Coinbase would not add them for nothing...
And in the fall you could buy SUSHI for less than a dollar!

I don't see the appeal of sushi swap when you can trade cryptos like Bitcoin, litecoin, and 0xMR privately on incognito chain with lower gas fees. Also, sushiswap competitors like uniswap are moving to L2.

SushiSwap is a hard fork from Uniswap, in other words it is a by-product of the Uniswap project. Sushiswap is very similar to Uniswap, which also allows investors who provide liquidity to the pool to get rewards on their platform. so in my opinion sudhiswap is good but how we use it.

Most people have the impression that the coin (Sushi) is a scam ever since the project owner publicly said he sold all his holding and the community thought it could be a scam exit strategy by him. However, don't know about this fact before they make a conclusion about the project's genuine stance.
With that been said, coinbase custody added the coin a couple of hours ago, and adding the coin doesn't mean it scam free either cause coinbase custody service is the platform created by coinbase to join the DeFi market.

Hey, I think Sushiswap is becoming popular every day because of its unique features and facilities for investors. The rewards and the token distribution are very lucrative. The safety and security of the platform add to the benefit of the liquidity providers.
For more details: https://coinpedia.org/decentralized-exchange/sushiswap-exchange-review/

Sushi has come through the thick and thin and it is still moving, the issue before Sushi now is the released of the LP tokens to the market, let's see how it is going to impact the price and also Sushi seems to be losing volume to other DEXes it is no more number 2 on the list, the team need to make it a go to exchange if it doesn't want to be lost in the crowd

Did you read yesterday a new aggregator Force got hacked for millions? And they were using a copy of Sushiswap smart contracts apparently. So it was clear that Sushi who copied Uni and then made their own alterations,,, did not have such a great original copy after all.

It is not going to end well for defi with all of this sushi pancake things going on.

In fact, sushiswap is not much different from uniswap, in principle, everything is the same. But at one time sushiswap simply pulled the blanket over itself, taking a large number of users to its side.
In any case, the projects have differences, and the fact that sushiwap is a direct competitor to uniswap forces uniswap to develop at an accelerated pace so as not to lose its user audience.

More effective like what do you mean? Sushiswap has provided many benefits for its holders, a lot of airdrops for $SUSHI token holders, and this is an extraordinary thing, isn't it?

Binance are enabling the scammers to which is shady behavior from them why do people keep giving their business to shady companies like Binance? They have a monopoly on the exchanges for altcoins but they are corrupt.

I've heard some bad news regarding this project in the past. You are right, there are always negatives and positives for every project.
especially, for now, we see so many DEX projects that are present. checking deeper is the best option before entering. because most DEX projects are certainly competing for traders who are comfortable with their platform.

Sushi project is good, and at the time of the bull run the price of Sushi reached $23. Trading volume reached $95.89b. This is a very large amount to get because this coin is still very new. Apart from that, this coin is also traded on many exchanges.

Sushiswap is one of the best DEX, no need to hesitate if you want to invest there,
I will give you a list of the best DEX, so you don't get confused when choosing them, because there are so many DEX,
ERC20 Network : Uniswap, Sushiswap
BEP20 Network (BSC) : Pancakeswap, Bakeswap
those are 4 famous DEX, and you should not hesitate to invest there, especially Sushiswap.

Sushiswap is one of the best DEX on polygon. One more is quickswap. I like sushiswap because of its user-friendly and nice design. Personally I exchange tokens and add or withdraw liquidity there. But I haven’t invested in it, I even didn’t think about it, as I consider that if something is already popular, I can’t earn a lot of money there any more, so I look for new projects instead.

Yes, your step of doing research before putting money into tokens is very appropriate. to avoid the bad.
Sushiswap is a by-product of the Uniswap project that promises its liquidity providers the SUSHI token, which is also similar to lending projects like Aave's LEND and Compound (COMP) in the DeFi space. The SushiSwap protocol aligns incentives for better network participants by introducing revenue sharing & network securities to the popular Automated Market Maker (AMM) model.

Against the background of the latest hacks of Defi projects, there is also good news, so Paradigm partner, Sam Sun, a specialist in the field of cybersecurity, told how he identified and helped eliminate a vulnerability in the SushiSwap DeFi project. The bug threatened to lose over 109,000 ETH ~$337 million.
Sam Sun discovered that the vulnerability allows you to get a refund during the auction for every ETH sent over the set limit. This meant that instead of rejecting the transaction, the contract would simply refund all the funds.
https://www.paradigm.xyz/2021/08/two-rights-might-make-a-wrong/

Sushi is a great project, but its time is slowly running out. Too high transaction fees have to be paid to provide liquidity, or to make a farm, and even a regular exchange fees a good price. Try to study cross-chains, there is a real boom in this segment now! For example Solana - 83% per week
Near Protocol - 60% per week.
these ecosystems are growing every day and inside them there are many DeFi projects on which you can exchange and stake practically without paying for fees. Therefore, if you do not have a large investment portfolio, I advise you to get used to these projects, they are the future.

All that early on drama kept me away from it, and now I just do not feel like going there. There are so many swaps in the world that sometimes you just do not need to use some of them, or even care about them and you will be fine. Like if I am using uniswap right now, which became a sensation then I do not really need to know more about sushiswap, and that is the fine part, what can I say?

I mean surely there are some people, a lot of people apparently from the numbers, that use sushiswap and that's fine, just because others use it I do not have to feel like I got to use it neither, many people do not use uniswap neither, hell there are people who do not use any eth blockchain product at all and they are fine over there at BSC or Matic or Dot and these people are fine as well they are making money too. Sushi is just something that shipped way too early and had drama so they missed so many people like me.

SushiSwap is a well-known decentralized exchange, and the SUSHI token has done well since its inception. The security of the Sushiswap exchange is excellent. It is completely risk-free for users. Its community-focused strategy and vast number of liquidity pools make it stand out.

SushiSwap is an Ethereum-based decentralized exchange that lets you swap a vast array of tokens, as well as engage in other finance services. It has no centralized authority or middlemen. Instead, it relies on smart contracts—or code that automates processes—and liquidity provided by other users to complete trades.
SushiSwap is a popular decentralized exchange, and the SUSHI token has performed well since its launch. If you're considering buying it, it would be good to pay attention to similar tokens in the DeFi space and read up on possible regulatory changes

Launched in August 2020, SushiSwap (SUSHI) is both a cryptocurrency token and a decentralized exchange. The exchange offers a platform for anyone to swap cryptocurrency -- hence the word "swap" in the second half of its name. As for the first half, the creator presumably likes sushi.

Even though SushiSwap aims for a fun environment, it's no joke. The exchange has over $3 billion in liquidity at the time of this writing, and the cryptocurrency's price has increased by over 1,500% since November, according to CoinMarketCap data. If you're thinking of becoming one of what SushiSwap calls its "sushi chefs," here's what you should know first.

1. SushiSwap is an automated market maker based on Uniswap's code
SushiSwap is a type of decentralized exchange called an automated market maker (AMM). It lets users trade cryptocurrency tokens, but there's no central authority managing trades. Instead, SushiSwap automatically sets prices with mathematical formulas and processes trades using smart contracts.

Where do all these cryptocurrency funds come from? For that, SushiSwap has liquidity pools, or large pools of funds. Its users lend their own crypto to these liquidity pools in exchange for rewards.

SushiSwap isn't the first AMM. It's based on another: Uniswap (UNI). An anonymous developer under the pseudonym Chef Nomi forked Uniswap's code, meaning they used that code to create SushiSwap.

2. It all started with a "vampire attack"
The problem SushiSwap faced at launch was bringing in users who would provide liquidity by lending their crypto. People could already do that with Uniswap, so there would need to be some incentive to get them to switch to a new exchange.

Chef Nomi provided that incentive through SushiSwap tokens. Users could receive these by making deposits to SushiSwap. And Chef Nomi came up with a tactic to help SushiSwap gain an edge on its rival. Users would have to deposit Uniswap tokens to earn rewards on SushiSwap. Thanks to SushiSwap's rewards, those who switched to it would earn more than they could on Uniswap.

This has been referred to as a "vampire attack" because it led to liquidity being drained from Uniswap and added to SushiSwap. In the end, SushiSwap gained about $810 million in crypto funds. But the event led to so much attention that both exchanges ended up attracting far more users.

3. The original developer did a rug pull -- but then returned the funds
SushiSwap hasn't been without controversy. Very early on, Chef Nomi committed a common scam known as a rug pull. This is when a developer takes investor funds from a project.

Chef Nomi took more than 2.5 million SushiSwap tokens and 20,000 Ethereum on Sept. 5, 2020, only a week after the exchange's launch. At the time, the crypto taken was worth about $14 million.

Many in the SushiSwap community were upset, but it wasn't the end. Sam Bankman-Fried, CEO of crypto exchange FTX and an early SushiSwap investor, offered to take over the project and donate 5 million SushiSwap tokens.

A new team was put together to run the project. Chef Nomi also apologized to the community and returned all the crypto he took.

I don't really follow sushi coins, from this thread I see that sushi is arguably a failed project at first, after being picked up again by FTX the situation is recovering,
if you are going to invest in Sushi think longer so you don't regret it in the future, I personally missed sushi on my list to invest in

Any small to large investors have invested in sushi in the hope of getting big returns.  Sushi but in the middle is waiting to get a return for the dump.  I have also invested in waiting for some amount of pumps which I have invested in the hope of recovering some and making some profit.

- New launches will always have some minor technical problems, besides, the investment team behind is not stable from psychology to position and has no experience with attacks by large groups, the value of the project reflects a weakness and failure that may have been in the calculation, only few times so plus experience Sushiswap already has its market share. Focussed heavily on the field of exchange, Sushiswap may not compete better than the seniors but it is still a class of attentionAs a branch that is separated from Uniswap and

This is true, and it is a prime example how not to trust everything that gets listed on Binance. Yes, Binance is a great exchange but let's not forget that as an exchange they have their own agenda - getting those fees so any listing that'll bring them that will do!

Sushiswap is probably not the best investment so looking at other exchanges (if that's your thing) wouldn't hurt.

I don't think it's a serious issue, just by looking at the past history, we know the uncertainty of sushiswap is high despite the fact it is listed on top trades like Binance. Everyone knows how hard it is to be recorded there until the defi publicity increases.

I would argue that it is too unsafe to even consider investing in such a venture. Overall, what is the real explanation? I think I'm leaning more towards or the acropolis on the more potential post possibilities. As mentioned by sushi. This is a sign for farming not to invest.

All tokens are good for trading if you understand the trade. It is foolish to trade after listening to someone here. You have to choose a token by yourself. But you should do more research on the token.

Wow thanks for the information. Man, i have the thought to invest some of my money a few weeks ago. Luckily, i read this info first before buying. I remember the hype for this token among my friends, but after seeing this reply, i won't bother to buy  ;D

Judging by the data from santiment, over the past two months, whales have increased their accumulations in SUSHI tokens by almost 10% of the entire token supply, perhaps the accumulation period will continue before the price rises, but whether the previous ATH of $23 will be broken, it is quite possible.
https://twitter.com/santimentfeed/status/1475569051875397632

Sushiswap comes first on decentralized exchanges as far as I know. When I read the comments here, there have been many events that have come to the fore, once they shake the trust of the investor, it is necessary to approach such projects from a distance. There are decentralized exchanges with higher potential, you can turn to them if the rumors about Sushiswap are true. Even the supply increases don't look pretty.

Sushiswap listing on top major exchange like binance is normal because they have lots of volume and after uniswap and pancakeswap they follow this trend and grow up normally because they are early in this stage but i am not sure about this type of dex projects future because they not make trend they follow trend!!  So in time flow they will dismiss but only real king are king in market not like this type of trend follower!!