Cryptocurrencies

DeFi Story – Sushiswap (SUSHI) creator puts away chopsticks and gets rid of millions of tokens – Cryptocurrencies

Sale of sushi owned by the sushiswap owner

We must not hide our face either: scams are one of the favorite sports of many crypto project leaders. So what was Chef Nomi expecting when he took the initiative to get rid of such a large amount of SUSHI? The community smelled of rotten fish and reacted accordingly.


SUSHI’s gone, the accused benefactor defends himself

He held tokens SUSHI $ 27 million worth of tokens supposed to support the development of the project.

The project leader SushiSwap, Chief Nomi, Was forced to get rid of his tokens SUSHI during the weekend of the first week of September 2020.

Specifically, he converted the tokens SUSHI in the devpool, in Ether (ETH). This conversion aims, according to him, to remove doubts about his migration fromUniswap towards Sushiwap.

Chief Nomi complained about the suspicions of exit-scam, the reproaches he received for taking this action. However, he would have carried out this operation for the good of the community, so that he could concentrate on the technical aspect of the migration ofUniswap towards SushiSwap, without having to worry about the price of the token.

Chief Nomi defends the initiative he took but which was strongly criticized, citing the fact that Charlie lee had done the same and, Litecoin (LTC) is still there.

Chef Nomi SushiSwap SUSHI Ether ETH scam

Source : Image via Twitter

SUSHIs have trouble getting through

SushiSwap progress despite the skepticism of some and, the code is transparent, according to the statements made by the General Manager of the project, to Cointelegraph.

The project is far from reassuring the community and cryptophiles in general. The blockchain security company Quantstamp recently published an analysis showing around ten vulnerabilities on SushiSwap.

The $ 27 million in SUSHI unlocked with warnings from Quantsamp, motivated Adam cochran of Cinneamhain Ventures to liquidate its positions on the DEX.

Pub

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

The SUSHI token recorded a record rise in just a few days, even allowing itself to enter the top 70 cryptos in terms of market cap. When it’s going too fast and it’s a little too beautiful, it necessarily creates a certain distrust on the part of cryptophiles. They are not used to seeing such high yields yet, so we drip SUSHI because it is tempting, while fearing that the fish used for the preparation may be toxic. What is certain is that DeFi has not finished talking about it!

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