The Saitama Inu (SAITAMA) token is completely deflationary, which means that its value increases with every transaction. An example of Saitama’s deflationary mechanism is a redistribution scheme. Every transaction is rewarded with 4% incentives for holders. There 49% of tokens burnt related to lock liquidity and anti-whale coded contracts.
ERC-20 tokens are built on Ethereum’s blockchain, so Saitama Inu is an ERC-20 token. The system is designed to be a valuable storage system with safeguards to protect it. Each token transaction burns 2% of its value, for example. The strategy should help stabilize prices, but it hasn’t worked. Additionally, the token has “anti-whale” mechanisms to prevent huge investors from significantly affecting its price. However, this feature is not entirely functional, and its purpose is unknown.
They intended to create a token that would be safe to invest in and that, with proper marketing, would have the potential to generate wealth for investors. Some people live in secure nations, and some do not; safe initiatives like this can be implemented, and proprietary content can be developed. It is possible for people who don’t have much to make the most of what they have and transform it into a sum that can change their lives for the better.
Who are SAITAMA Founders?
The creator of Saitama is anonymous, as with other meme currencies. Based on its whitepaper, the project was founded in May 2021 with the mentioned objective, but the founder relinquished control of the project due to personal problems. A group of people, however, took up the project and developed it, believing it was essential and worthwhile. The project has been taken over by Steve@RocketCrypto, a crypto YouTuber with over 56,000 subscribers. On the project website, he has been doxxed with six more individuals.
How To Buy Saitama Inu
Saitama can be purchased on BitMart without having to worry about gas fees. The following steps will guide you through the process.
- Sign up for an account on BitMart here.
- In order to start using USDT (Tether), you must first complete the onboarding process. Why? USDT can be obtained in two ways. Swapping Tether for Saitama is the only way to buy it. Using PayPal or a credit or debit card is the first way to buy it on Bitmart. You can also purchase USDT on Coinbase and deposit it into BitMart.
- Having secured your USDT, you can now purchase Saitama. You can search for Saitama by going to Markets and typing it in the search bar.
- Upon clicking on Saitama/USDT, you’ll see it pop up. Select Trade from the menu.
- You might find the next screen intimidating because it’s for pro-level cryptocurrency investors, but don’t worry; you won’t be disappointed. To access the Market, scroll down the page and click Market.
- The next step is to tap on 100%. The USDT will be exchanged for Saitama as a result of this.
- Click on Buy Saitama.
Voila! The first cluster of Saitama tokens has been purchased. Go to Spot and click Standard to see your newly purchased crypto. This is something I cannot emphasize enough. Cryptocurrencies, including meme tokens, have a high degree of volatility. Don’t invest unless you have properly assessed your risk tolerance.
Also read: How To Buy Ethereum
If you’re new here, you may want to read the following articles: The Saitama Token is a real cryptocurrency that will be released on the Ethereum network. It is not the tokenization of an asset but an Ethereum token with value attached to it. This article will explain how the Saitama Token works, why it matters, and what you can do with it. What is a Token? A token is a digital unit representing some asset or currency.