What is Saitama V2 (SAITAMA)?
The new Saitama token is a utility token. Before its contract upgrade, it was another memecoin inspired by a dog breed. The main goal of Saitama, a Web 3.0 technology company, is to create a DeFi environment for everyday use. Also, it seeks to enlighten the upcoming generation of investors and make crypto understandable and accessible to everyone.
The target audience of the Saitama crypto project is Gen Z. Content is the main medium used by the project to reach it.
The main components of the Saitama ecosystem include the SaitaSwap (a decentralized exchange), the Saitama Academy (an educational platform), SaitaPay (a payment channel for purchasing crypto using fiat), FANG (a proprietary NFT marketplace), SaitaPro (an app that encompasses all Saitama features), Wolfcaster Games, and SaitaRealty.
In essence, Saitama aims to create a platform where members can access anything they might need for being a full-fledged part of the crypto world.
Use Cases of SAITAMA Tokens
The SAITAMA coin is based on the ERC-20 token standard and stored on the Ethereum network. In June 2022, the contract of the SAITAMA token was upgraded. The upgrade increased the security of the asset, added new performance features, reduced the supply, and pushed it out of the memecoin category. Now, the token can be found on both - centralized and decentralized exchanges.
You can have an in-depth look at the Saitama price history and the current SAITAMA price on the chart above.
Who Founded Saitama?
The SAITAMA token was first issued in 2021. The founder initially renounced control of the project, and it was later taken over by a group of people. Now, the team consists of Aaron Mohsini (CMO), Gabriel Klein (CCO), Manpreet Kohli (CFO), Nam Tran (CBO), and Russell Armand (COO). Besides, it's worth noting that Saitama strongly boasts of being a community-driven project.
In July 2021, a crypto YouTuber, Steve@RocketCrypto, got involved in the management of the project. However, in January 2022, the Saitama leading team announced that Steve@RocketCrypto is no longer associated with the project.
Tokenomics of SAITAMA
Initially, the max supply of SAITAMA was 100,000,000,000,000,000 Saitama coins. However, after the upgrade, it was reduced to 100 billion tokens. Out of that supply, 55% was burned, while the remaining portion was left in circulation. To keep the price from decreasing, Saitama continues to employ a burning mechanism.
Don't forget to check the Saitama price chart above to see the current SAITAMA price.
