Saitama is a community-driven crypto ecosystem built on the Ethereum blockchain, which aims to provide educational resources to the next generation of crypto investors. The project is focused on younger people, particularly Gen Z, the generation succeeding millennials.
Saitama hopes to increase crypto adoption and secure its future by educating more people about its inherent potential. Saitama is built to be a self-contained crypto ecosystem consisting of several key components. The first is SaitaPay, which allows users to purchase tokens using debit or credit cards via a partnership with ePay.me.
The second is FANG, Saitama's proprietary NFT platform, allowing users to buy and sell digital art using Saitama tokens. Another critical component is Edutainment, a content platform where users can learn about crypto and finance while navigating the Saitama ecosystem through initiatives like the Saitama Academy.
The SAITAMA token is the native utility token of the Saitama ecosystem, and it is built on Ethereum's ERC-20 token standard and is the primary payment medium on the platform. SAITAMA token holders can stake the token to earn interest or use it in Saitama's DeFi services.
SAITAMA price and tokenomics
On June 2022, the SAITAMA token was upgraded to improve some of its features, including security and performance. SAITAMA has a maximum supply cap of 100 billion SAITAMA tokens. Thus far, 55% of the token supply has been burned, leaving 45 billion tokens in circulation, with liquidity locked for two years until June 2024.
SAITAMA token holders are encouraged to hold on to their tokens because 2% of all transaction fees collected on the Saitama ecosystem are paid out to SAITAMA holders as fees. To be eligible to receive these fees, SAITAMA holders have to stake their tokens on the platform and lock them up over a period of time. This subsequently drives the value of SAITAMA tokens and increases its Saitama price.
The SAITAMA token also has an anti-whale trap feature built into the smart contract that is designed to prevent any user from owning too many SAITAMA tokens and manipulating the token's price.
About the founders
Saitama Inu is a community-driven platform built on the Ethereum blockchain. The project was initially launched as a meme coin, much like Shiba Inu (SHIB) or Dogecoin (DOGE) but has transformed into a self-sustaining ecosystem.
Aaron Mansur serves as chief marketing officer, Gabriel Klein serves as the chief creative officer, Manpreet Kohli serves as the chief financial officer, Nam Tran serves as the chief business officer, and Russell Armand serves as the chief operations officer.
Unlike many other projects in the crypto space, Saitama's new leaders have made their identities public to foster a culture of openness in Saitama.
