Saitama (SAITAMA)

Discover the basics of Saitama and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Nov 22, 2022
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About Saitama

What is Saitama?

Saitama is a meme cryptocurrency and community-based ecosystem that teaches young people the importance of money, how to create wealth, and how to control their money. The Saitama ecosystem is similar to other meme coins and is largely used as a speculative asset. However, it has added a few features that provide some real-world utility. SAITAMA coins can be used on the network as a medium of exchange on the Saitama marketplace. Alternatively, token holders can use their crypto to access the platform’s NFT launchpad, view its educational library, or play games.

How does Saitama work?

SAITAMA is an ERC20 token, which means it has been built on the Ethereum blockchain. It works through a network of other users, known as validators on the blockchain, recording and verifying every transaction. For their work in verifying transactions, validators are rewarded with tokens.

How is the Saitama network secured?

The Saitama network is built on the Ethereum blockchain, which uses a proof of stake consensus algorithm. Saitama is secured through the blockchain on which it operates. Other users, known as validator nodes, verify and record every transaction. To become a validator, users must hold a certain number of tokens (usually a high number), designed to make the system safer.

Holders of SAITAMA tokens can also use wallets to keep their crypto safe. Wallets are only accessible via private keys, which are long numbers known to the owner only. Storing SAITAMA in a wallet provides another layer of security to holders.

What is Saitama used for?

Saitama is a meme cryptocurrency; however, unlike similar projects that provide little utility, SAITAMA does have some uses. The whole network is geared towards providing education to the younger generation. It does this through various educational features on the ecosystem. Saitama also has an NFT platform, a marketplace, and a multi-channel content platform.

Why does SAITAMA have value?

Saitama uses a process known as ‘burning’, which decreases the number of coins in circulation, thus increasing their value. It’s a deflationary coin and 2% of all transactions are ‘burned’. This means, as time goes on, fewer SAITAMA coins will be available and their price will become more valuable. Saitama also has value for short-term traders due to its meme status and volatile price. Traders can capitalise on its many price swings to capitalise on short-term movements.

Who created Saitama?

As with most meme coins, the creator of Saitama is anonymous. The token was launched in May 2021 and is based on a ghost dog that is said to be roaming in the mountain regions of Saitama, Japan. Today, the project is run by [email protected], a YouTuber with over 50,000 subscribers.

Where can I buy Saitama?

You can buy Saitama on a decentralised crypto exchange. A decentralised exchange (DEX) is a platform where you can swap one cryptocurrency for another.

To use a DEX, you need to own some cryptocurrency already. You can get this from a crypto exchange. You must also have your dedicated crypto wallet that you can use to transfer money to a DEX.

Are there any other ways to invest in Saitama?

The simplest way to invest in Saitama is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

More about the SAITAMA price

What is the Saitama price today?

The SAITAMA price is currently $0.001203, as of October 2022. The price of Saitama is down 74% in 2022. You can use the live Saitama chart to track the SAITAMA/USD price in real time above, or compare the Saitama value today to its past performance using the Saitama price history tab at the top of this page.

What is the price prediction for Saitama?

The average Saitama price prediction values the coin at $0.002 by the end of 2022. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is the total supply of SAITAMA?

The circulating supply is 38,612,964,363 SAITAMA, out of a total maximum supply of 100,000,000,000 SAITAMA.

Are there any Saitama alternatives?

Saitama is a meme cryptocurrency and there are lots of other coins that are similar. It follows the dog theme, a popular choice for coins that provide little utility. Here’s a selection of the best Saitama alternatives.

  • Dogecoin. Doge Coin is the most popular meme coin.
  • Shiba Inu. Shiba Inu is another popular meme coin and is a Dogecoin killer.
  • Baby Doge. Baby Doge is often referred to as Doge coins ‘son’.

More crypto guides

FAQs

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Recent Saitama price analysis


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.