Apr 10, 2023 at 06:35The native token Pawswap (PAW), a decentralized exchange built on the Shibarium protocol, rose 12,5% to $0.00000004917 in 24 hours, outperforming top cryptos by market capitalization. At the same time, more and more similar projects appear, with which you can get confused with the original. Read more about how not to accidentally buy a false PAW and whether the token will grow further below.
What is Pawswap?
Pawswap is a project inspired by the Shiba Inu ecosystem that aims to make digital asset trading accessible to everyone. In addition, the creators want everyone to be in control of their financial future, so the platform was made with a focus on security and convenience. The product is based on the Layer-2 protocol Shibarium, which solves the issues of transaction speed and cost reduction for the development of the Shiba Inu ecosystem.
According to CoinMarketCap, the token was launched in February 2023. There is no information about the project until then. This data is consistent with the roadmap on Pawswap’s official website, which states that research and development were conducted from the third quarter of 2022 to the first quarter of 2023. In particular, decentralized exchange technology and market conditions were studied.
Then, in the first quarter of 2023, there was the launch of the PAW native token on the Ethereum network, which became the basis for the future of Pawswap. Here are more upcoming plans for the project that are reflected in the roadmap.
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- Closed alpha testing to evaluate the platform. Based on feedback from users who participated in the test, necessary improvements and bug fixes will be made.
- Implementation of a management model to help develop and manage the exchange.
- Beta testing to further improve the platform. For example, to add more exchange tokens and trading pairs.
- And between the fourth quarter of 2023 and the first quarter of 2024, the exchange is expected to officially launch.
What’s going on with the cost of PAW right now?
PAW went through a series of listings from February 24 to March 6, which had the most impact on the value of the asset. During this period, the token made its first historical high, which was fixed at $0.00000009159. Considering the numbers with which the token entered the market at the beginning of February, the growth was 94,84%.
As for the current value, PAW is trading at $0.0000000486 at the time of writing. This is lower than the ATH 
all-time high but higher than the amount since launch. Thus, even those who invested at the start have not yet gone into deficit, but have x19,38 of the invested amount.
Shiba Inu lead developer Shytoshi Kusama said that he and the SHIB team had nothing to do with Pawswap. However, given that PAW is a token from the Ethereum network and that it is based on the Shibarium protocol, its value may depend on the success of ETH and Shiba Inu, among other things.
In addition to a series of listings, the growth of the asset was also affected by the token burning that took place on March 7. It is known that the team issued a total of one quadrillion PAW, while 45 billion coins were burned as part of the event. The asset hit another peak on the day and traded at $0.00000008991.
Given that so many tokens were issued, there is a high probability that the burns will continue, and with them, the PAW value would rise.
Where to buy PAW and how not to confuse it with other similar assets?
There is another token that has a similar asset symbol to Pawswap. It is the so-called Pawzone project, whose creators are building the DeFi ecosystem on the Shibarium protocol.
However, despite the fact that both projects have the same letter markings and the same emblems on CoinMarketCap, these projects are probably not connected in any way.
Another project that can be confused with PAW from Pawswap is Paw.digital. This is a subunit of Arcadia – digital money with ititswn decentralized network that offers near-instant settlement (<1 sec) and feeless transactions. The token has the same designation, so be careful not to confuse the two assets.
Below you can find the list of exchanges, where Pawswap is traded:
This is not an urge to buy, but just information about how not to confuse projects with the same labels. We do not recommend blindly investing in any of these projects in principle, and if you are interested in something, do your own analysis first.
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