Samoyedcoin is a dog-themed meme coin on the Solana ecosystem. SAMO's ecosystem includes a crypto tipping tool called Samo Tips, a decentralized exchange named Samo DEX and Samo airdrop tools for the Solana ecosystem. SAMO is the name and ticker symbol of Samoyedcoin.
Samoyedcoin was initially launched in April 2021 as a meme coin in tribute to Sam Bankman, CEO of FTX exchange, and Anatoly Yokevenko, co-founder of Solana.
Currently, SAMO is integrated into six DeFi platforms – Cropper Finance, Francium, Orca, Raydium, Step Finance and Tulip. You can lend, borrow, provide liquidity and earn yield farming returns using SAMO tokens on these platforms. You can also use SAMO to place bets on BetDEX or play casino games on Sol Casino.
Samoyedcoin fairs better than its meme coin competitors, Shiba Inu and Dogecoin, when it comes to transaction speeds and energy consumed per transaction. To illustrate, Samoyedcoin processes a transaction in 0.8 seconds, while Dogecoin and Shiba Inu take 60 seconds and 15 seconds, respectively.
SAMO price and tokenomics
SAMO was launched in April 2021 with a maximum supply of 14 billion tokens, of which 66.1% will be burned. As of December 2021, 5.814 billion SAMO tokens have been burned. In addition, 500 million SAMO tokens will be burned at random each month until August 2022, thereby affecting SAMO's price.
So far, 14.4% SAMO tokens have been airdropped to SAMO community members. Of the remaining supply, 10% is reserved for growth and marketing and 3.9% is allocated to the core team.
SAMO price charts are directly tied to its market adoption and utility within the Samoyedcoin and the Solana ecosystem. As of December 2021, SAMO had over 49,000 holders and $1.6 billion in trading volume. Currently, SAMO is within the top 10 meme coins by market capitalization.
About the founders
Samoyedcoin project has several team members, including two full-time members, GoodSamoSamo (GSS) and Swick Samo, who lead SAMO's community efforts. GSS is a former Wall Street employee, while Swick Samo is a community member of the SOL NFT space and has organized multiple Solana events.
Alongside the team, Samoyedcoin partnered with GenesysGo, a Solana-based infrastructure provider of Remote Procedure Call (RPC) and validator services, to build their decentralized exchange, SamoDEX.
