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SAITAMA, also known as SAITAMA INU, is the community-driven token of the SAITAMA project, which aims to fight inefficient financial literacy and educate current and future generations of crypto investors worldwide.
SAITAMA offers to solve the problem of illiteracy by developing a decentralized ecosystem that introduces crypto, teaching users about finances and making wealth creation possible.
The project was launched back in May 2021 with the namesake of the legendary “ghost dog” of the Saitama region of Japan.
State of the Project
SAITAMA is a deflationary ERC-20 token with a 100 quadrillion supply.
It burns 2% of its tokens with each transaction. 49% of the supply has already been burned.
Incentivizes holding by distributing a 2% transaction fee among holders.
Claims to have a special code that prevents big wallet holders from performing price manipulation by dumping. It’s not clear if the feature is already functioning.
The SAITAMA token can be used for trading and swapping.
The Website & Whitepaper:
The website: explains the mission, provides access to the whitepaper, roadmap, contact form and team member’s names.
The whitepaper (version 1.6 as of November) provides a description of the concept, future ecosystem and the SAITAMA token.
No explanation on how Saitama plans to implement the “anti-whale” feature.
The Development stage:
The development stages and achievements mentioned in the do not match those published on the website
Its biggest achievements include the token fair launch, growth of the follower base, listings on small exchanges, proprietary NFTs, and new partnerships.
The whitepaper states that the Saitama Edutainment platform has already kicked off. DailyCoin was unable to find signs of any existing Saitama Edutainment platform.
The Roadmap:
The NFT launchpad platforms SaitaMaker, SaitaMask Wallet, and SaitaMarketplace are in the project’s future plans, together with new listing on exchanges, and presence on TV and radio.
There are no specified details or launch timelines.
Fundraising:
An initial liquidity of 4% is locked on Uniswap DEX until May 2022.
There is no data on how the initial liquidity was generated.
There are 7 team members, all with clearly stated identities.
Only 1 team member is working on the technology, including the CEO, who is responsible for operations.
CEO Russell Armand says he has an MBA in business management and 4 years of experience in crypto project development.
He has no LinkedIn account to check.
Max Hernandez, responsible for technical development, has been in crypto space for over a decade. He has worked in multiple positions including as a software engineering, data scientist and serial entrepreneurial business owner.
There is no data on venture capital investments.
Community
Social media accounts: (178.3K), Facebook (95.3K), (over 49K), Instagram (29.6K), (27.4).
Regular posts, active communities.
Key Metrics
Token standard:
Max supply: 100 quadrillion
Circulating supply: 44.6 quadrillion
Market Cap: $2.8 billion
Exchange listings:
Listed on 13 cryptocurrency exchanges (see the full list
Comes in trading pairs with USDT, WETH, and SHIB.
Token allocation:
49% of the SAITAMA supply is burned and sent to a dead wallet that is permanently locked and inaccessible.
45% of SAITAMA tokens are in circulation.
There are over wallets on Ethereum chain.
Any ERC-20 compatible wallet.
Price movements:
All-time High (ATH): $0.000000170776 in November 2021.
All-time Low (ATL): $0.000000000026 in July 2021.
At the time of writing, it is up 243,889.6% from its ATL and 62.8% down from its ATH.
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