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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Why exchange SushiSwap (SUSHI) on ChangeNOW
The average time for exchange is about 2 minutes. You can track the crypto swap progress on the exchange page.
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What is SUSHI coin?
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, the Founder and CEO of FTX 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.
SUSHI FAQ
SushiSwap is a decentralized exchange (DEX) on Ethereum that uses automated market makers (AMMs) and is governed by the SUSHI token. Users can earn rewards by providing liquidity (earning 0.25% of each swap), staking SUSHI in the SushiBar (0.05% of swap fees), or yield farming with SLP tokens to earn more SUSHI.
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.
We offer two rate options: classic (based on current market rates, may vary due to SUSHI volatility) and fixed (guarantees exact amount, ChangeNOW covers the risk). 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.
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