Blockchain

The Future Of Finance — Saitama Token (SAITAMA).

By Adam N. Lamberg

Posted on February 7, 2022

What Is Saitama (SAITAMA)?

Saitama is a community-driven token / platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone. According to its whitepaper, it focuses on Gen Z investors, 93% of whom feel confused or frustrated when it comes to finance. Saitama’s vision is to provide them with content that teaches how money works while they invest, thereby opening opportunities for wealth creation. To achieve that, Saitama plans to develop its own ecosystem, including a marketplace, a smart wallet, an NFT-based launchpad platform, and a multi-channel content platform.

Saitama is currently in stage 3 of 5 in its roadmap. It further plans to launch a marketing campaign on TikTok and Twitter to raise awareness and reach 100,000 holders. That will likely go hand in hand with launching parts of its ecosystem. In its final stage, Saitama pledges to donate to student bodies and educational charities.

Who Are the Founders of Saitama?

Following the example of most meme coins, the founder of Saitama is anonymous. According to its whitepaper, its creator launched it in May 2021 with the aforementioned vision but had to renounce ownership of the project due to personal reasons. However, a group of individuals that found the goal valuable and impactful took over the project and continued developing it. The project is now headed by Steve@RocketCrypto, a crypto YouTuber with over 56,000 subscribers. He is joined by six other individuals, all of whom are also doxxed on the project website.

What Makes Saitama Unique?

In contrast to many other meme coins, Saitama promises to feature a complete ecosystem that gives its token real value. Its SaitaMask wallet, which is scheduled to launch by the end of September, is a smart wallet that makes crypto easy for any level of investor and allows investors to keep track of their investments. It will also connect users to the educational platform, the marketplace, and the NFT store.

SaitaMarket is a marketplace that allows community members to purchase goods and services, presumably merchandising. SaitaMaker will be an NFT-based launchpad platform that will support users in the community to create and launch projects based on SAITAMA. The Saitama Edutainment platform will be a multi-channel content platform with multiple content formats that educates on how to save, invest, manage money and create wealth opportunities while entertaining the audience.

All of this is focused on Gen Z as the target audience in mind. Saitama wants to set itself apart from other projects by having content at the core of its business. Besides developing proprietary content, it plans to have a community-operated business under the hashtag #SaitaEdu, where content creators can profit from sharing their talent and knowledge about finance.

How Many Saitama Inu (SAITAMA) Coins Are There in Circulation?

Saitama has a total supply of 100 quadrillion tokens. 55% of that was already burned, 4% were reserved for initial liquidity and 45% are in circulation. In addition, Saitama follows the patented approach of deflationary tokens by burning 2% of each token. Doing that, the team wants to constantly shrink the existing token supply and increase the value of SAITAMA.

Furthermore, the project has an “anti-whale trap” that prevents big wallet holders from trying to manipulate the price or dump the token, although it is unclear whether this goes beyond mere price slippage when selling.

How Is the Saitama Network Secured?

Saitama Inu is an ERC-20 token on Ethereum.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Saitama trading began on May 31, 2021, on the Ethereum network.