Saitama a token that is only two years old has done an incredible job of building a community and gaining popularity. It began as a meme coin but has evolved into so much more.
In this article, we’ll discuss what Saitama Inu is, how it’s different from other altcoins like Shiba Inu, what the Saitama token is, and of course, I’ll share my thoughts on it.
What is Saitama Inu?
Saitama Inu is a community-driven platform that is built on the Ethereum blockchain. It aims to make it easier for ordinary people to access the decentralized finance world and trade cryptocurrencies or NFTs. Through their platform, they aim to educate gen z about financial management, wealth creation, and savings. Saitama the native erc20 token of Saitama is more than a meme coin.
Saitama is part of a whole ecosystem they’ve launched some of their products including a crypto game, an educational academy, and an NFT marketplace. Saitama Inu a memecoin-based company has rebranded and updated its logo. In June 2021, the project Saitama Inu was launched.
What is the Saitama Token?
The Saitama platform’s tradable asset is the Saitama token it’s your right to Saitama Inu. This token is fungible, unlike an NFT. You can trade it for other tokens because it’s transferable and not exclusive. It was originally a meme token with a dog theme similar to the Shiba Inu meme coin. Locked liquidity and anti-well traps are two of the key features of this token. Staking is one of the ways that liquidity gets locked. It freezes some Saitama so that holders can’t move it. Token holders can be incentivized into holding tokens since the network takes 2% from each transaction within the community and shares it as a reward.
Saitama Inu’s code is an anti-weld trap which means that one person can’t hold too many coins. This protects against pump and dump schemes. In June 2022 the Saitama token was upgraded to its second version. The version 2 token is safer more sustainable and centralized exchange friendly. The upgraded token has a higher dollar price. So 1 million old Saitama tokens will be equal to one token. The new token supply is now one for every one million of the old supply. The previous maximum supply was 100 quadrillion tokens, with the reduction the new maximum supply is now 100 billion tokens.
The most significant change in the upgrade is that Saitama has become a utility token and is no longer a mean coin. More than half of the supply of Saitama has been consumed and there are nearly 45 million tokens in circulation.
Saitama Inu ecosystem
The Saitama Inu universe now includes tokens, a wallet, and an app for trading cryptocurrencies. A beta version of an NFT platform is also available. We’ll be covering other features below it’s far from over. Saitama Inu has a whole road map for expansion. The Saitama Inu ecosystem once it is fully developed will offer products for entertainment and education, as well as features that allow you to blend the real world and Defi. These are some of the current features on the network,
SitaPro and Sitapay
Sitapro is the mobile and desktop app of the Saitama ecosystem. It’s a non-custodial digital wallet that also acts as a decentralized exchange all within one platform. It allows you to buy crypto using your debit or credit cards, this is known as Sitapay. Stake tokens use them for yield farming and transfer to multiple recipients. It also includes a Dap browser that supports various Defied apps. The Sita pro app supports fang the NFT platform more on this later. It also features Sitoswap which allows you to buy and sell tokens from other trusted projects.
SitaMask wallet
The SitaMask wallet offers basic wallet-related functions including the ability to store, trade, and stake tokens and cryptocurrencies. Sita swap is also available, this app allows you to view analytics such as the performance of a coin and its token prices. You can also view all the information regarding your portfolio’s performance.
SaitaRealty
SaitaRealty was established to create a decentralized real estate platform that both benefits the poor and allows investors to make profits. Saitarealty is its erc20 token. It also has a home on the Saitama Inu network. It collects capital through investments from sites to realty token holders and transaction taxes. This capital can then be used for actual or real-world real estate. Half of the revenue from the real property will go to franchising and expansion. 25% will be given to token holders who have staked the tokens. 25% of the revenue will go to low-income veterans or homeless people.
Fang (Beta)
This is the NFT platform for the side of the Saitama Inu ecosystem, although still in its beta version once the final website launches you’ll be able to use this token to trade NFTs. These are just a few of the features that are being developed by the Saitama Inu network.
Saitama Entertainment
This is what sets Sediment Inu apart from other platforms. To help you and the next generation of investors make smart decisions they’re aiming to create valuable content via social media channels such as the Saita pro app, and the Wolfcaster game by Saitama studios. Three pay-to-earn games are being launched by the Saitama Inu platform.
Wolfcaster Game
The first is Wolfcaster, this will be under the Saitama studios umbrella. You’ll also be able to earn tokens or rewards by staking and yield farming once they are launched.
Saitachain
Saitama Inu is currently on the Ethereum blockchain, however, the developers are creating their own blockchain called Saitachain. You will benefit from improved transactions improved utilities and lower taxes.
SaitaCity
This is Saitama Saitama Inu’s metaverse where all features and products will be merged. You can shop with Saitama assets and buy and sell NFTs.
Saitama Inu vs Shiba Inu
Two main similarities exist between Saitama Inu and Shiba Inu. Both are dog-themed erc20 tokens that can be found on the eth network. Each token started out as a meme coin but has evolved into a utility token with many uses. The current price of Saitama is 0.002748 us dollars. The price of the Shib is 0.00001294 u.s dollars. The circulating supply of Saitama is 43.84 billion. The supply of Shiba Inu is 549.06 trillion. The 24-hour trading volume of Saitama is eight million twenty-four thousand eight hundred and nineteen dollars and sixteen cents ($8,024,819,16). The trading volume of Shib is seven hundred and twenty-five million five hundred and eight thousand four hundred twenty-one dollars and one cent (725,508,421,01). The total supply of Saitama is 44.61 trillion approximately. The supply of Shib is 589.74 trillion. The max supply of Saitama is 100 billion. There is no data on this for Shib. The highest price of Saitama was 0.007825 us dollars. The highest price of Shib was 0.00008845 u.s dollars.
There’s a major difference between the two altcoin platforms. Saitama Inu is transparent in that it makes its roadmap, team members, and other information public. Shiba Inu on the other hand keeps it secret. Investor’s trust in cryptocurrency can be affected by such details. Shiba Inu however does have a stronger community following because they’ve been around longer.
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Conclusion
Saitama is expanding its ecosystem this has many investors excited, its roadmap looks promising and has potential for growth. The platform has been slow to launch some features like the Saitama pro app. This makes it difficult for others to believe that all coins will succeed in the long term. Saitama Inu’s age is young so we recommend that you take your time with it and closely watch its movements to determine if it’s worth investing in. I hope you got value from this video and have a better understanding of what Saitama Inu is, Do you think Saitama Inu will overtake Shiba Inu in the future? leave a comment below.
