SAITAMA goes live on Coinsbit India
SAITAMA token is now listed and available for trading on the Coinsbit India portal.
Coinsbit India is thrilled to announce that users can now buy, sell, trade SAITAMA in the USDT and INR markets.
Saitama is an ERC-20 token that operates on the Ethereum network. It was made accessible for trade on the Uniswap decentralized exchange (DEX) after an anonymous founder launched it on May 31 and then stepped back from the project and turned it up to the community. The project has since become a registered business in the United States, under the banner SAITAMA LLC.
The project has drawn the attention of the mainstream cryptocurrency community and has quickly managed to reach over 300,000 users, while also securing a $5 billion market cap.
SAITAMA is a transaction medium and monetary system in and of itself, with smart coding that rewards faithful holders with rewards and protects them from the harmful activities of whales (large scale token holders).
2% of every transaction with $SAITAMA is deducted and given back to the project’s pool of holders. It implies that simply holding it will result in the number of tokens rising on an ongoing basis as the community transacts.
An additional 2% of all transactions are removed from circulation, implying that the token supply is always shrinking which helps $SAITAMA increase in value over time. The project has already begun with 49 per cent of the supplies being burnt.
In just six months time, the protocol has burnt over 56.1% of the total supply. All of the project’s use cases are focused on hyper-burn.
Saitama’s core objective is to educate people about money as they invest, hence expanding prospects for wealth generation. Saitama intends to create its own ecosystem, which will include a marketplace, a smart wallet, an NFT-based launchpad platform, and a multi-channel content platform.
In addition, two play to earn games is also currently under development. The games are being developed by Saitama Studios and will be released under the Wolfcaster Franchise. There’s also a metaverse project in the works dubbed SaitaCity.
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