Introduction
Saitama is a web 3.0 technology company primarily focused on developing a decentralized finance ecosystem for everyday life. While innovations like blockchain and cryptocurrencies represent a bright future to the democratization of finance, understanding the basic concepts and skills needed can be challenging - not to say risky - to newcomers.
Saitama comes in with a mission to simplify DeFi technology and make it safer for the mainstream user, educating them and adding real life use cases that can make crypto adoption beneficial in their daily lives, such as transferring fiat money between peers and purchasing and selling tokens with debit or credit cards.
The Development Team's Beliefs:
Crypto can be simple
Finance is for everyone
Community is power
Background
Saitama started as a community token project in June 2021. Led by a team of professionals with solid backgrounds in different areas. Saitama has grown into a multi-market, global business taking its token to an estimated market capitalization of over 7 .5 Billion USD in November 2021 during its all time high, which placed it in a position among the Top 40 projects at the time.
From the very beginning, Saitama has set new standards in alt-DeFi projects by fully doxxing our team and registering a company to run the business.
What is Saitama (SAITAMA)?
The goal of Saitama is to inform younger investors by making crypto simple, safe and easily accessible. Its target market is Generation Z (people born between 1997 and 2012), 93% of whom feel confused and frustrated with regard to cryptocurrencies, according to the Saitama whitepaper.
Saitama plans to release an ecosystem of products to drive education and adoption for crypto’s younger userbase. This includes a smart wallet, marketplace, NFT platform and educational content platform.
Its ERC-20 token, SAITAMA, was built for transactions on the platform, with tokenomics that benefit its holders. From every transaction, 2% is deducted and given to a pool of its holders as a form of passive income. Another 2% of every transaction is burned, a deflationary tokenomic system designed to make it more valuable.
Saitama argues that, unlike most meme tokens, it has real value, which is derived from this ecosystem. If the token’s price history is anything to go on, there certainly seems to be a strong community and demand for it. But can it keep its users engaged and reach $0.01?
Their Technology
The new SaitaPro mobile and desktop app with its non-custodial wallet, staking, farming and swap functionalities is at the core of Saitama1s platform. Using state of the art blockchain technology and multiple security levels, the app also creates a safe environment by guiding users in the concepts of decentralized finance and carefully selecting the projects listed in its decentralized exchange. Designed to support the most popular blockchains, SaitaPro also contains a DApp browser with selected projects and connects users to Saitama1s proprietary NFT platform FANG, and upcoming Play 2 Earn games.
Use Cases
SaitaSwap: Only selected projects will be released on SaitaSwap, starting with the launch of LuckyRoo and The Motion tokens.
Edutainment: The Saitama Team aims to create an experience where the user is learning about crypto and finance while navigating in their ecosystem, with initiatives like the Saitama Academy.
SaitaPay: Through a partnership with ePay.me you can purchase tokens using debit or credit cards.
SaitaRealty: A satellite token in the Saitama system bringing real world real estate to DeFi.
Wolfcaster Games: Saitama is developing 3 play-2-earn games under the Wolfcaster franchise. Users will be able to use Saitama tokens to play and earn rewards.
FANG: This is Saitama's proprietary NFT platform that allows users to buy and sell digital art using Saitama tokens. Currently live in Beta version at http://fang.art
The New Saitama Token
Saitama is an ERC-20 (Ethereum) token that can be purchased through decentralized and centralized exchanges. In June 2022, the Saitama token contract was upgraded to enhance security and performance features that will ensure its longevity and sustainability. So far, 55% of the token supply has been burned, leaving 45 billion tokens in circulation, with liquidity locked for 2 years until June 2024.
Key Points to the New Token
Added Security - Enhanced security with multisig wallets and ownership of the liquidity pool.
Fit to Face the Future - Flexibility to update features as token and use cases evolve.
Sustainable Business - New tokenomics keep the tax low while still contributing to funding and liquidity.
Centralized Exchange (CEX) Friendly Token - Ability to whitelist exchanges and reduced supply.
Hotter Burn - Saitama's famous burn feature just got better with manual hyperburn events.
Meme Token No More - The Saitama token has left the meme category aligning with utility tokens.
The Power of the Community
Built on a strong and transparent foundation, Saitama harnesses the power of its multicultural community of hundreds of thousands of holders around the globe, which ensures the organic and sustainable growth of the platform through word of mouth and engagement.
The Saitama community has also hosted several initiatives of humanitarian assistance in different parts of the world, providing basic supplies, sanitary health and support in public education to communities in need.
Connecting the People to Decentralized Finance