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Saitama Inu (Saitama Inu) is a platform that has been used to familiarize the young generation with digital currencies and invest in these currencies. This platform claims to have programs for all its users in every geographical region, age, language and culture so that people can have more control over their capital.
If we are one of those people who learned financial knowledge too late, we probably wish we had a source that taught us the basics of investing and trading faster and at a younger age. Sitemaino platform works with exactly this goal.
In order to learn more about the emerging Saitama platform and the native Saitama token (SAITAMA), which is considered the main fuel of this platform, we will devote the rest of this article to the review of the Saitamaino platform.
First, we will get to know this platform and its history a little, then we will have a closer look at the Saitama ecosystem and its unique products. Finally, we will review the data related to the native Saitama token, providing exchanges, compatible wallets, and how to purchase Saitama tokens. To get to know more about this special platform and its widely used token, stay with us in the continuation of this article from the Erzdigital website.
What is Saitama Inu?
Decentralized and community-driven platform Saitamaino started working on the Ethereum blockchain in June 2021. Saitama strives to make it easier for ordinary people to enter the world of decentralized finance (DeFi) and digital currency trading. According to the white paper of this project, Saitamaino is a window to the world of Web3 and is designed with the central goal of educating young people and facilitating the processes of DeFi for public acceptance.
According to a study in America, only 43% of young people under the age of 25 are financially literate. For this reason, the main audience of the site is people in this age range who can learn more about the world of decentralized economy through this platform regarding financial management, investment and savings.
It’s not bad to mention that Saitamaino was originally a meme coin with a dog theme, but it soon moved towards usability. A few months after launching in August 2021, this platform changed its name from Saitama Ino to Saitama and updated its logo in an attempt to transition from the world of meme coins in August 2021.
Currently, the Saitama token is a functional token and the Saitama platform is an ecosystem full of various DeFi products. Some of these products include wallets, exchanges, peer-to-peer token markets, gamify platforms, credit cards, payment gateways, real estate trading platforms, and many more. The development team of this platform is also trying to transfer various Saitama tools from the original Ethereum blockchain to a new native blockchain called SaitaChain in the future.
The creators and history of Saitama
Saitamaino started its work in June 2021. The original founders of the Saitama platform are not known; However, we know that the original, albeit anonymous, owner of the project withdrew from the project after the launch of Saitamaino and left it in the hands of developers from the Saitama community. Also, the current ownership of the project is said to be in the hands of a YouTuber named Steve with the username Steve@RocketCrypto.
After this change of ownership, the Saitama project also attracted experienced people such as Russell Armand to its team. Armand, who is one of the main members of the project team, studied business management and has five years of experience in the field of digital currencies. He is trying to create a clear and open relationship with Saitama community members in order to make the project community-oriented.
In Saitama’s white paper, Aaron Mohsini, Gabriel Klein, Manpreet Kohli and Nam Tran appear as other main project managers.
Saitama, what is this feature?TheDoes it have any?
The Saitamaino project has three main and unique features that can make this platform and its native token stand out. In this section, we look at these three features:
- The possibility of passive income: Saitama users can enjoy stake profits by staking their tokens in the Saitama Ino pool. This income is the result of a 2% tax collected from each network transaction. Therefore, as long as the user keeps his asset in the staking pool, he can benefit from the profit of every transaction made in the network.
- Anti-inflammatory property: Another feature of Saitama token is its anti-inflation property. Of Saitama’s 100 quadrillion tokens, 55% have been burned and only 45% are in circulation. According to Saitamaino team, 4% of this amount is locked in Uniswap to provide initial liquidity. Also, about 2% is burned from each transaction, which in total reduces the supply of the token and gives this asset an anti-inflationary property. The
- Saitama anti-whale trap: Saitamaino token is coded in a way that does not allow users to collect a large amount of tokens and become a whale. Thus, the way to earn a fair profit on this platform is open to everyone, and no one person can control a large part of the liquidity. Also, without the presence of whales, there is no possibility of sudden pump and dump (buying and selling of a significant amount of tokens).
Learn more about the Saitama ecosystem
Saitama offers a wide ecosystem of financial, investment, educational and entertainment products with diverse content that differentiates it from many other single-purpose projects. In addition to the products announced in the white paper and the official website of the project, Saitama has also provided a complete roadmap for the development of its platform. Below are some of Saitama’s main products:
SaitaPro web3 interface
Sitepro’s trustless wallet is a simple user interface with options such as a decentralized exchange that can connect users to DeFi platforms. The possibility of using a fiat credit card, investing, cultivating profits and performing various transactions are some of the features of this wallet. With the help of Sitepro, users can access SiteSwap, another feature of the Sitema platform, and perform various functions such as token exchange, staking, and liquidity provision.
Also, this wallet allows users to manage their Sitakart and account on the Feng trading platform. Saitamakart and Feng Platform are other parts of the Saitama ecosystem. Also, we should mention that Sitepro application uses multi-layer security and is compatible with different mobile versions.
Edutainment educational platform
This part of the Saitama ecosystem is dedicated to education along with user entertainment and collaborates with Saitama Academy to produce useful content about finance in various media.
In fact, edutainment can be considered one of the key tools of Saitama, which tries to help the young generation learn the ways of smart investment, savings and asset management through several different communication channels. It should be mentioned that education is a combination of two words education (education) meaning training and entertainment (entertainment) meaning entertainment.
FANG (FANG) token market
Feng is a non-traditional token market for creating, buying and selling NFTs using Saitama tokens. Feng is considered the main support of non-monogamous tokens of the Saitama ecosystem. In addition, the Feng NFT market supports the launch of Saitama’s Metaverse platform called SiteCity. Users can buy house, building, property and resources they need to live in Sitecity from Feng Tokens.
Wolfcaster Games
The Wolfcaster platform seeks to develop revenue-generating games with the help of the Saitama Token, and in this way, receives help from Saitama Studios. After launching these games, users can earn profits and rewards from the games of this platform in addition to investing and cultivating profits. It should be noted that the game strategy to earn money also helps to increase the liquidity of the Saitama token.
Read more: What is GameFi? Get to know the world of decentralized games
Saitama Studio (Saitama Studios)
Saitama Studio’s platform focuses on mainstream entertainment and game development. Currently, the main project of this studio is the Wolfcaster platform, which users can connect to with the help of the Cytomask wallet and play and earn money at the same time.
Sitemap (SaitaCard)
Saitama Ecosystem credit card is called SaitaCard and works similar to Mastercard. In this way, users can do their daily transactions with Sitakart. Saitama’s website claims that Saitama Card can be used with no annual fee at more than 60 million MasterCard-accepting terminals worldwide.
In addition to Saitama Token, this card also supports Tether, Ether, Binance Coin, USD Coin, Tron, Dogecoin, Solana, Ripple, Ada, Shiba, Luna, Metic, Avax and several other coins and tokens. Currently, users can use their virtual Sitakart in Sitapro. However, in the future, the physical version of Sitekart will also be released.
SaitaChain blockchain
Sitachain is a new and innovative blockchain that is currently in its development stages. However, after the launch of Saitama, all platforms and protocols of the Saitama ecosystem will be transferred to this blockchain.
According to the development team, Sitachain is supposed to have more advantages than Ethereum. These benefits will include improved transactions, reduced fees and more services. Upon launch, Saitama will use Saitama tokens for all on-chain transactions.
SaitaPay payment gateway
Siteapi is a decentralized payment gateway for business owners to easily accept digital currency payments from their customers. These payments can then be automatically converted to fiat currency. Siteapi is compatible with Sitepro, Sitecart and other Saitama protocols.
SaitaSwap trading platform
Siteswap is a decentralized exchange with low fees and fast settlement time that only lists verified projects to ensure user safety. Users can directly buy native SAITAMA and RLTY tokens from this exchange or exchange them for other digital currencies.
SaitaLogistics transportation system
SiteLogistics is the first peer-to-peer and decentralized digital currency system for the transportation of goods and services that uses artificial intelligence to choose the best transportation option. This system facilitates the transaction process between sender and receiver and enables digital currency payments. In this way, the problem of sending fiat currency internationally will be solved to a great extent and users can make their international purchases with less obstacles.
SaitaRealty DAO real estate platform
Citarealty Decentralized Independent Organization or Citarealty Dao is a decentralized platform for real estate tokenization. Siterealty helps users to buy and sell property on a fractional basis. In other words, users with minimal capital can buy land on this platform. This platform uses a special token called Realty (RLTY), which is built on the Ethereum blockchain and with the ERC20 standard.
The Realty token will be widely used in the Metaverse City City, and users can get virtual land in this metaverse city by investing. In addition to benefiting users, this staking and rewarding mechanism also helps to keep the price of the token stable. Access to the Saita Realty platform is possible through Saita Pro and SaitaSwap.
SaitaMask wallet
Cytomask is a smart wallet for storing, transferring, trading and staking digital currencies. Sitemask connects to other networking platforms including SiteSwap, SiteAgtainment, SiteMaker, and SiteMarket. Also, this smart wallet can show the performance of different investments and the user’s asset portfolio.
Some of the premium features of Sitemsk include facilitating the process of ecosystem transactions, reducing fees and reducing service costs compared to third-party platforms.
SaitaCity Metaverse
Sitecity is Saitama’s metaverse platform, which will include all the products and features of this ecosystem after launch. In Sitecity, users can buy and sell physical and non-physical assets native to the platform. Also, it will be possible to play and interact socially with other users in SiteCity. As we said earlier, Sitecity is a platform for land plots that users can buy and sell on Siterealty.
SitaMarket
The Sitamarket store allows users to purchase their daily goods and services through the native tokens of the Sitamaino platform. The purpose of creating this online market is to create suitable business conditions for Saitama users so that they can more freely use the daily applications of Saitama assets.
SaitaMaker Launchpad
SiteMaker is a platform for launching fresh projects (Launchpad) that is developing with a focus on NFT-based solutions. This platform helps Saitama users to design, create, launch and trade their projects. It is interesting to know that Willie D, a member of the Ghetto Boys rap group, is one of the activists and financial supporters of the Sitemaker project.
What is Saitama digital currency?
SAITAMA is a native ERC20 asset of the Saitamaino platform that launched in 2021 as a dog-themed meme coin on the Ethereum network. A few months later, the token’s logo changed from MemeCoin to a utility token. As we mentioned earlier, 55% of Saitama’s supply of 100 quadrillion tokens has been burned and 45 billion tokens are in circulation.
Saitama Token holders can share in the 2% tax-deductible bonus per transaction by investing their assets in the staking pool. Also, the coding of this token is such that one address cannot move a large amount of it, and this closes the way to pump and dump (sudden increase and decrease in price) of the token.
The Saitama token was upgraded to its second version in June 2022 to be more compatible with decentralized exchanges with a more secure and stable algorithm. It should be noted that the upgraded token of the second edition has a higher dollar value, so that 1 million old SAITAMA tokens are equal to one token of the second edition. In fact, the supply of the new token has been reduced to one million of the previous supply. The previous maximum supply was 100 quadrillion tokens, which after the update reached the maximum supply of 100 billion tokens.
Currently (late spring 1402), the Saitama token is traded at a price of about $0.007 (38 Tomans) and with a market value of $34.8 million, it is in the 412th position of the Coinmarketcap table. This token has seen a 90% price drop compared to its value of $0.007 in June 2020.
Buy Saitama Ino
The fast and convenient way to buy Saitama digital currency is to visit Iranian exchanges. In domestic exchanges, you have no problem with authentication and IP, and you can use your Riyal credit card.
To get familiar with the list of exchanges that provide Saitama, we suggest you to visit the page of Saitama buying guide on the digital currency website to learn about the Iranian exchange that offers this token, its supply rate, the volume of exchange transactions and Saitama transaction fees in this exchange. Also, by choosing the platform, you can get more information about each exchange.
Of course, it should be mentioned that the UniSwap international decentralized exchange has also listed the Saitama token, which you can buy this digital currency with the Rapdatar (WETH) exchange.
Saitama wallets
Because the Saitama platform native tokens are built on the Ethereum blockchain, the token is compatible with Ethereum’s ERC20 standard supporting wallets. In addition to the native Saitama wallet, the best wallets for storing Saitama cryptocurrency include:
Saitama Ino is a platform that aims to familiarize the young generation with digital currencies and facilitate investment in these currencies.
The easiest way to buy Saitama currency is through Iranian exchanges. Authentication in these exchanges is not an obstacle for Iranian users, and it is also possible to directly convert Rials to crypto.
Since Saitama is an ERC20 token, all Ethereum wallets can be used to hold it.
Investing in all digital currencies, no matter how successful and widely used, always carries some level of risk. For this reason, we recommend that you do enough research and weigh all aspects before investing.
Conclusion
Sitemaino started as a meme coin and is now still expanding with an extensive ecosystem of DeFi and Web3 products. Saitamaino’s focus is on educating the young generation to learn about the world of digital currencies and future investments.
In this regard, the Saitama platform consists of several parts, such as a smart wallet, a decentralized exchange, a unique token market, a real estate buying and selling platform, a metaverse city, and many other things that make the process of working with digital currencies in everyday applications very easy for the general public.
Saitama plans to expand its ecosystem and has presented a promising roadmap with growth potential. However, the launch of some features of this platform has come with obstacles in the past.
For example, the release of the Sitepro application was delayed for some time. For this reason, some investors are skeptical about the complete and timely fulfillment of other Saitamaino promises. However, the Saitama platform is quite young and still has a long way to go. Undoubtedly, the potential of this platform will become stronger over time.
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