SushiSwap token aims straight for three dollars! Core developer leaks on Twitter: Polkadot version coming soon

SushiSwap, the decentralized exchange protocol actively developing various new features, seems to be quietly launching a new project. Its core developer 0xMaki revealed on Twitter while replying to a netizen that the Polkadot version of SushiSwap, a mainstream public chain project, is about to go live, and at the same time, it will also introduce a token based on the Polkadot network called "moonSushi."

The Cross-Chain Ambition of SushiSwap

According to 0xMaki, SushiSwap will enter the Polkadot ecosystem in the coming months. This news originated from a crypto Twitter user @lex_node, who praised the astonishing price surge of the SUSHI token in atweet yesterday:

"I guess I should start leaving some 'empty insurance' for every piece of trash coin I've ever held. I can't believe that the seemingly worthless nano amount of SUSHI token I had, now worth thousands of dollars."

0xMaki replied:

"If you provided liquidity before September, you still have 2/3 of the rewards unlocking six months later, so when we go live on Polkadot, you will receive 'moonSushi'."

0xMaki also hinted at more upcoming plans: The more you know..

If you LP'ed past end september you still have 2/3 of your rewards that will be available in 6mo. and you will receive moonSushi when we open on Polkadot.

The more you know.. 🍣

— 0xMaki ⌐◨-◨ (@0xMaki) December 15, 2020

The CEO of the crypto data platform CoinGecko, Bobby Ong, alsoresponded:

"This looks very interesting, and I am looking forward to receiving moonSushi tokens."

0xMaki referred to SushiSwap'supdate on September 30th, where it was decided to distribute only 1/3 of the mining rewards thereafter, locking the remaining 2/3 for six months.

SushiSwap had proposed deployment as early as October, suggested by Moonbeam Network proposal. Moonbeam is an Ethereum-compatible smart contract platform that will be deployed as a parachain on the Polkadot network.

Once launched, moonSUSHI holders will be able to participate in liquidity mining, SushiBar on the parachain version, and receive liquidity tokens like xMoonSushi.

SUSHI Price Skyrockets, One-Click Migration of Liquidity

SUSHI had underperformed in price and liquidity in the third quarter, but following the rebound of DeFi coins in November, SUSHI saw a significant surge, reaching a peak in reputation with integration into the Yearn ecosystem, rising approximately 470% since November.

Its liquidity also picked up after Uniswap stopped mining rewards, with current liquidity around $1 billion; Uniswap still has about $17 billion in liquidity. Furthermore, SUSHI introduced a new feature for one-click migration of liquidity, showing strong intentions to compete with Uniswap.

Polkadot, which SUSHI is integrating with, is also one of the highly anticipated star public chains. In a recentdeveloper report by the crypto investment firm Electric Capital, an interesting point was raised that Polkadot has a developer count second only to Ethereum.

The chart shows that Ethereum reached 400 developers around 1200 days after protocol release, while Polkadot achieved this in about 1100 days, with cross-chain protocol Cosmos ATOM ranking third at around 1600 days. Avichal Garg, an investor at Electric Capital,stated:

"Polkadot has surpassed Ethereum's initial stage developer count, which means it has the potential to surpass Ethereum as time goes on."

Returning to the main topic, 0xMaki claims that the mining rewards from September can be received as 'moonSushi' on Polkadot after six months, indicating that the Polkadot version of SushiSwap may launch before March next year.