Sushi.com officially belongs to a decentralized finance project and it could be a great year for Sushiswap now that it has a new domain name and a new roadmap as we can see in our altcoin news below.
Sushi.com belongs to a decentralized finance project as per the tweets:
“Happy to announce we’ve acquired https://t.co/Hjsm7MOIYY for @sushiswap
A strong domain will greatly increase internet traffic and exposure to the sushi brand for their forthcoming new projects.
2021 will be a big year for $SUSHI pic.twitter.com/NWWkgTldWq
— Future Fund (@FUTURE_FUND_) February 19, 2021”
This is an amazing development for the DeFi platform sushiswap because its online presence was scattered among domains like sushiswap.fi and sushiswapclassic.org. The new domain is a great gift for the platform as it was initially registered by GoDaddy in 1999 before being acquired by Brent Oxley who listed it for sale in 2021. Though Future Fund hasn’t disclosed the price that was paid for the domain, the listings site Category Defining still has it listed for sale at a staggering $1.9 million.
Sushiswap is quite similar to Uniswap which is also created on Ethereum, allowing users to trade ERC20 tokens. these tokens are a set of standards that allow developers to create their own tokens on the network. Sushiswap launched a year later by a pseudonymous “Chef Nomi” who copied Uniswap’s source code and made Sushi by adding one key feature-The SUSHI token and holder rewards.
Chef Nomi did cash out all of his coins and earnings of $13 million in ETH in September 2020 before coming back and returning the money once the community started complaining about it. Nomi could have ditched the project but before that was done, control was given to Sam Bankman Fried who is the CEO of FTX crypto exchange. Fried led the exchange and the migration of $1 billion in investors’ funds back into it before leaving the governance of the project in the hands of the network.
Sushiswap’s new domain will be a key tool in assisting the rollout of the new features that were announced in the road map at the start of the year and highlights to include bigger interoperability, decentralized governance, and the launch of BentoBox. The SUSHI token also did well as it now sits on a price of $19, marking a 30% rise in the day.
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