SushiSwap (SUSHI) Price

Sushi coin and SushiSwap are interchangeable terms and are used to describe a software or platform where users can sell or buy cryptocurrencies. The decentralized aspect comes from its base structure, which runs on another digital asset called Ethereum. It's similar to Balancer, Uniswap and other sites where users put their assets in smart contracts, then wait for traders to choose which one they want by exchanging their assets for another. The term 'defi' means decentralized finance, which equals a platform that isn't controlled by a single administrator. Sushi is the native cryptocurrency of SushiSwap, but it's more than just a digital asset.

Owners can use it to propose changes to the Sushi platform and submit votes by giving up Sushi Coins or tokens. SushiSwap was born in 2020 by an entity called Chef Nomi and co-founder OxMaki. They used Uniswap's open source code, which served as the base and offered it as a decentralized exchange platform for cryptocurrency enthusiasts and investors. Sushi Coin was not without troubles, though. The creator, Chef Nomi, apparently pulled millions of funds just a week after SushiSwap went live, which caused a panic among users. However, Nomi came back after leadership was assigned to Sam Bankman-Fried, who was head of Almeda Research during the time.