Saitama Inu Price (SAITAMA)

Saitama Inu (SAITAMA) is a community-based platform that aims to teach the importance of financial stability to millennials and Gen Z. The platform intends to show youngsters ways to create various wealth creation opportunities and control their money as well.

The platform aims to teach Gen Z how to create wealth to suit financial well-being and economic status. Saitama Inu works with the mission to fill loopholes in the financial and crypto markets and prepare users for the future of the crypto market. 

SAITAMA is the native ERC20token of the Saitama Inu platform based on the Ethereum network. The SAITAMA token is the primary payment medium on the platform. Two percent of each transaction held on the platform is deducted and redistributed to the token holders. This means the number of tokens decreases automatically every time transactions occur, and the token holders will earn more just by holding the tokens as well. 

Further, the Saitama ecosystem consists of four components. The first is the SaitaMask, which is Saitama's crypto wallet where token holders can store digital assets like SAITAMA tokens and at the same time attain education about finance. The second is the SaitaMarket, which is the platform's marketplace where users of the platform exchange SAITAMA tokens and other partner tokens for goods and services available on the platform. 

The third component is the SaitaMaker, an NFT-based launchpad platform that aims to support community creators to create, launch, and promote projects revolving around Saitama's economic system. 

The fourth component is Saita Edutainment, a multi-channel content platform that publishes content that provides financial knowledge to the users. The platform intends to educate users about finance in a fun and entertaining way. 

Lastly, Saitama Studios is the platform's in-house entertainment studio that develops games, TV shows, books, manga, toys, and NFTs. The studio also creates original franchises and customized projects for third-party brands. 

SAITAMA token was launched on May 31, 2021. The core team behind the creation and management of Saitama Inu includes Aaron Mansur (chief marketing officer), Gabriel Klein (chief creative officer), Manpreet Kohl (chief financial officer), Max Hernandez (chief technology officer), Nam Tram (COC - community building), Steve Rocket Crypto (content creator), and Russell Armand (CEO - operation).

The token is based on a mysterious ghost dog creature that is said to be roaming in mountain regions of Saitama in Japan. The platform claims that the creature represents a guardian of good fortune.

SAITAMA is an energy-efficient token, and this is why the token is created through the proof-of-stake mechanism. An important feature of the token is an anti-whale trap. This feature aims to prevent large-scale token holders from manipulating the token prices as they like or trading all the tokens and dumping the coin. The maximum total supply of the SAITAMA token is 100,000,000,000,000,000 coins.

SAITAMA is a deflationary token, which means that the supply of the token will decrease over time. 2% of all transactions are taken out of circulation, which means that the SAITAMA supply will keep dropping, resulting in the token increasing in value. The implementation has already begun, as 49% of the total supply is burned. Cryptocurrency burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value. 

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