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How to buy SUSHI (SUSHI)
What is SUSHI (SUSHI)?
SushiSwap is a multichain decentralized exchange (DEX) on the Ethereum network with its own native ERC-20 token, SUSHI. It forked from Uniswap, another DEX on Ethereum, but introduced its token before Uniswap to incentivize usage. The DEX was launched in September 2020 by pseudonymous creators Chef Nomi and 0xMaki. More recently, Sam Bankman-Fried, CEO of derivatives exchange FTX and quantitative trading startup Alameda Research, gained de facto ownership of SushiSwap.
SushiSwap utilizes smart contracts that facilitate peer-to-peer trading of cryptocurrencies without the need for any central authority. At the same time, users can deposit their assets into liquidity pools in exchange for rewards. Beyond that, it supports other features such as lending and borrowing of assets, margin trading and even an NFT marketplace.
With a maximum supply of 250 million, SUSHI acts as a governance token that allows investors to vote on proposals to improve and upgrade the protocol.
SUSHI FAQ
- Cryptocurrencies, such as SUSHI, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as SUSHI have been created as well.
- Check out our SUSHI price prediction page to forecast future prices and determine your price targets.