SUSHI is the native ERC-20 token of SushiSwap, a decentralized exchange (DEX) built on the Ethereum blockchain. It powers the SushiSwap ecosystem by enabling users to stake, earn rewards, and participate in governance. As a utility and governance token, SUSHI gives holders voting rights on protocol upgrades and decisions, making it an essential part of the DEX’s decentralized structure.
SushiSwap (SUSHI) Crypto Exchange
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What is SUSHI?
SushiSwap is a decentralized protocol known as an Automated Market Maker (AMM) and was built as a fork of Uniswap. It came into existence in September of 2020 and attained a short-lived meteoric rise as it aimed to offer a boosted reward scheme for the community. The anonymous founder, Chef Nomi, transferred the ownership of SushiSwap to [Sam Bankman-Fried](https://twitter.com/SBF_FTX?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor), the Founder and CEO of [FTX](https://ftx.us/) Derivatives Exchange, after being embroiled in a $14M cashout scandal.
SushiSwap is run with the help of smart contracts which control the liquidity pools within the network and keep their prices constant. SUSHI is an important part of the SushiSwap platform as it maintains and operates the network. SUSHI holders are responsible for voting on proposals regarding the development of the network’s ecosystem and anyone can suggest such a proposal. In the future, the SushiSwap users are planning to transform the votes from non-binding to binding by moving governance to a DAO. SUSHI holders can not only participate in governance but also receive a portion of fees in exchange for staking.
In April 2022, SushiSwap [announced](https://forum.sushi.com/t/sushi-2-0-a-restructure-for-the-road-ahead/10111) that it will be working on resolving an internal crisis after the leave of its several top leaders. The internal team has been restructured and an external advisor appointed. The team is currently working on the network’s long-term future, including a Sushi 2.0 interface.
FAQ
SushiSwap is a decentralized exchange (DEX) on the Ethereum blockchain that uses automated market makers (AMMs) and is powered by the native SUSHI token. Launched in 2020 by the pseudonymous Chef Nomi, SushiSwap was originally forked from Uniswap but introduced a unique, community-driven governance model. Unlike many DEXes, SushiSwap allows SUSHI holders to vote on protocol upgrades, making governance fully decentralized.
SushiSwap also offers multiple ways to earn rewards. Liquidity providers receive SLP (Sushi Liquidity Provider) tokens, which earn 0.25% of each token swap. SUSHI holders can stake in the SushiBar to earn a share of the protocol’s revenue (0.05% of swap fees), while SLP tokens can also be used in yield farming to generate additional SUSHI rewards.
Yes, the SUSHI cryptocurrency is fully available for selling and swapping via ChangeNOW
The SUSHI price update in real-time is available at the top of this page! However, it’s better to use our SUSHI calculator that takes into account all network and crypto fees. The fees are embedded into the final SUSHI price we offer for exchanges.
ChangeNOW is simple to use, and it doesn’t require an account to boot. It automatically looks up the SUSHI price for you. Based on that, it calculates the final SUSHI exchange rate and completes the transaction faster than the competition.
To help you trade with the lowest fees and get the most out of our service, we offer two options: the classic rate and the fixed one. The classic rate will display the expected amount with the view of the current market situation. However, the actual amount you’ll receive may differ due to the price fluctuations and overall SUSHI volatility. The fixed-rate option shows the actual amount you are about to receive, and ChangeNOW deals with all risks in this case. Generally, the fixed rate is a bit lower than the classic rate, but you can know the exact numbers before you click the Exchange button!
Feel free to check out our news section below or visit ChangeNOW Blog for the most recent updates in the crypto world.
