Saitama’s rapid growth got some media attention recently. There are opinions that’s another memecoin, but is it true, or it’s just haters opinion?
On the project website we can read about they revolutionary applications and ecosystem, currently all of the applications are under development but here’s the list:
- SaitaMask – Smart wallet, scheduled for release in November 2021
- SaitaMaker – NFT platform
- SaitaMarket – Marketplace
- SaitaEdutainemnt – Educational platform that rewards content creators
Ok, but what it’s really about?
Saitama is a strongly deflationary coin with a finite pool of coins (which lowers over time). Each transaction is charged in coins – 2% fee and another 2% is burned, decreasing the number of coins available on the market. A the fee is distributed among the coin holders.
Saitama community is rapidly growing and is taking the effort of bringing the coin into more and more exchanges, just recently it has been added to BitMart exchange.
That effort pays off in parabolic price and viral success stories shared in social media, which further advertises Saitama’s ecosystem.
How will the future of Saitama look?
It’s still at the early stage of development but is able to go though the milestones stated in it’s roadmap – focused on growing the community, userbase, partnerships, and marketing. Saitama has been able to attract artists which further advertises the project. With such strong marketing actions it has a chance to make some noise on the market.
It is definitely an interesting moment to observe Saitma – with the release of SaitaMask scheduled for November one would be able to assess if it is just good marketing that stands behind it or a really good crypto eco system worth investing in.
We keep fingers crossed for Saitama and it’s success.