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Privacy Protocol Suterusu Announces Auction of Its In-House Token xSuter
ACCESSWIRE
13 May 2021, 23:31 GMT+10
SINGAPORE / ACCESSWIRE / May 13, 2021 / The privacy-focused decentralized protocol Suterusu announces that it will be conducting a Dutch auction of its in-house token xSuter. Dutch auctions are auctions where the seller puts forward a high asking price and keeps lowering the price until buyers agree to buy the item.
Suterusu will conduct the auctions in five phases and each round will have a limited amount of tokens. The first phase will auction 1,000 tokens and the number of tokens will be reduced by 50 for each of the following phases.
In recent times, Suterusu has performed extremely well. Thousands of users now rely on Suterusu protocol to process truly private transactions on Ethereum and Binance Smart Chain. The network has so far handled over $157 million worth of transactions only on its Binance Smart Chain focused private transaction application, Suter Shield BSC. These transactions have generated over 2,055.765 BNB, 667,704.297 BUSD, 161.861 BAKE, and 446.744 CAKE tokens as service fees, which amounts to over $1.5 million.

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