Sheesha Finance Now Supporting Projects on Algorand!

Sheesha Finance offers a decentralized staking platform that provides solutions for crypto diversification. Token holders receive rewards paid in $SHEESHA, while the Sheesha Finance ecosystem supports projects across the DeFi, GameFi, NFT, and Metaverse space.

Sheesha Finance X Algorand

Sheesha Finance offers incubation, acceleration, and consultation services to some of the most high-potential projects that utilise blockchain technology.

Over 100 independent blockchain projects have now partnered with Sheesha Finance, taking advantage of the resources provided by the ecosystem. These projects are currently built on the Ethereum, Binance Smart Chain, and Polygon networks.

We are delighted that projects built on Algorand will soon be integrated into the Sheesha Finance ecosystem.

Image courtesy of Algorand

What is Algorand?

Algorand (ALGO) is a layer one, self-sustaining, decentralized blockchain that supports the development of decentralised applications. The Algorand network boasts high transaction throughput and low transaction fees, leading to many in the crypto space marking it as a Layer 1 blockchain with vast upside potential.

Algorand supports the building of advanced smart-contract functionality for all applications of blockchain technology, including DeFi, NFTs and GameFi, and more. One of the most eco-friendly blockchain networks, Algorand is net carbon negative. A truly impressive feat.

Fast, cheap, scalable, secure and efficient transactions make Algorand one of the top performing Blockchain networks in the world.

Image via DesignBlock

Why Algorand?

Sheesha Finance prides itself on providing multi-chain functionality. Through supporting projects building on Ethereum, BSC, Polygon, and now Algorand, Sheesha aims to popularise the adoption of blockchain technology through its incubation services, while benefitting token holders with exposure to the highest quality projects in crypto.

The Algorand network has some impressive features and characteristics. It is clear why so many projects are choosing to launch on the network and why it is attracting developers at a rapid pace. Algorand is:

• Highly scalable
• Decentralized
• Highly secure
• Turing Complete
• Censorship-resistant
• Capable of processing thousands of transactions per second
• Extremely affordable

Image via Algorand

Meet the Algorand Team

The Founder of Algorand, Silvio Micali, is a professor of computer science at the Massachusetts Institute of Technology. Micali won the 2012 Turing Award for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies, and blockchain protocols.

Image via Algorand

Silvio Micali is joined by Steve Kokinos, CEO, and W. Sean Ford, COO.

Steve Kokinos has launched several successful technology companies across the course of his entrepreneurial career. He was the co-founder and CEO of Yes, an early market leader in web hosting. He later went on to launch BladeLogic and Fuze — a recognised leader in the data centre automation market which services a host of Fortune 500 companies.

W. Sean Ford has years of specialised experience in leadership roles at major technology companies. Ford co-founded Upromise in 1999 where he also served as Vice President of Product Marketing, and holds executive leadership roles at Zmags, Syncsort and Oracle. Ford leverages expert knowledge and extensive experience, and is a prominent member of the Algorand team.

Image via Algorand

Sheesha Finance X Algorand Projects

Sheesha Finance has already had the privilege of working with some incredible projects launching in the Algorand ecosystem.

Payscript

Payscript aims to transform the online Crypto-payments process. With demand for Crypto payments continually increasing, Payscript provides users with a user-friendly, secure, and accessible crypto-wallet experience. Payscript strives to become a single point of reference for merchants and customers to complete transactions via invoices or smart devices.

FXDX

FXDX is creating a trustless, permissionless, and non-custodial trading platform that enables users to trade derivatives such as perpetuals. Traders and investors can enjoy complete transparency and lightning-fast execution speeds on the Algorand network. This ensures a safe, effective, and corruption-free trading environment.

Authentium

Authentium is the world’s first decentralized primary producer commodity exchange (DEX) and Decentralized Autonomous Supply Chain Organization (DASCO) network. Authentium is a pioneer in designing and building an ecosystem that removes centralized authorities from global food supply chains. Their vision is to liberate producers, farmers, growers, and distributors from centralized supply chains and create a purely peer-to-peer food supply network.

ZONE

Zone is the first-ever GameFi ecosystem built on the Algorand blockchain. It brings non-blockchain games on-chain with the ZONE protocol. Capitalizing on Algorand’s high-performing, scalable, and cost-efficient network, Zone is able to penetrate the eSports communities of Discord through Zobo, its GameFi bot. Zobo instantly bridges web2 games to web3 without requiring users to manage any complicated wallets or keys. It also lets users challenge their peers directly in Discord, allowing server owners to monetize their community with Zobo’s fee-sharing model.

A Look to The Future for Sheesha

Supporting projects in the Algorand ecosystem is the latest ground-breaking development at Sheesha Finance. As we venture into the future, Sheesha Finance has made it its mission to pave the way towards mainstream adoption for blockchain technology.

Sheesha is dedicated to working with the most high-potential and impactful innovations in the space. We aim to cultivate growth through providing projects with the resources they need to thrive.

The Sheesha Foundry Incubation Program will continue to source and support projects with real use cases. We will continue to ensure that Sheesha Finance token holders benefit from exposure to the best potential projects across the entire crypto industry.

Why Stake with Sheesha?

Sheesha Finance is a leading DeFi Staking Platform. We provide benefits from a premium, diversified cryptocurrency portfolio, with a staking platform that rewards investors of any size, from small to large ticket holders.

We have built an Investment and Incubation platform, Sheesha Foundry, with an extensive network of partners who are thought leaders in the crypto space. This allows us to consistently discover promising projects in their early stages.

Our easily convertible assets can be used to maximise rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed Decentralised Autonomous Organisation (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.

Sheesha staking can be done with $SHEESHA tokens. These can be purchased on Bancor, Uniswap, PancakeSwap, and QuickSwap.

Stake now, passively earn rewards, and join an ecosystem of high-potential crypto projects at Sheesha Finance.