For anyone who might not be familiar with saitama or doesn't go into the crypto threads or is new to the whole thing, here's some basic info.
Saitama is a crypto created in the end of May, less than 5 months old. It's similar to shiba inu coin, don't know if you've heard about that one, except it has a burn/reward mechanism built in. That means for every transaction on the coin a percentage is distributed to the investors and the same percentage is thrown into a burn wallet, basically an account that lowers the high supply of the coin. Basically supply and demand. As the supply of the coin goes down and the demand goes up, the price goes up. So far they have about 55% burnt which is like 55 quadrillion coins. A high amount but constantly being lowered as time progresses. They also have nearly 90k investors which is incredible growth especially for a crypto that isn't as easy to buy as shiba. They also have an active community and developers with lots of transparency. This guy,
https://twitter.com/Saitamaguru1?t=gIQ-eMxKZ06BdgqRhrhfZg&s=09
is the COO and is always tweeting out info on progress or appearing on YouTube shows to keep the community informed. Of course that might be changing as he gets busier for the release of saitamask, which a video was provided further back in the thread. That wallet, plus an nft narketplace, using it as a payment method, and a few other features are being worked on for the future. As well as continued sponsorships and charity stuff they've already done. And a growing number of influencers that are helping to promote the coin. The whole thing just keeps growing more and more every week and it's still at a low price.
Saitama is a crypto created in the end of May, less than 5 months old. It's similar to shiba inu coin, don't know if you've heard about that one, except it has a burn/reward mechanism built in. That means for every transaction on the coin a percentage is distributed to the investors and the same percentage is thrown into a burn wallet, basically an account that lowers the high supply of the coin. Basically supply and demand. As the supply of the coin goes down and the demand goes up, the price goes up. So far they have about 55% burnt which is like 55 quadrillion coins. A high amount but constantly being lowered as time progresses. They also have nearly 90k investors which is incredible growth especially for a crypto that isn't as easy to buy as shiba. They also have an active community and developers with lots of transparency. This guy,
https://twitter.com/Saitamaguru1?t=gIQ-eMxKZ06BdgqRhrhfZg&s=09
is the COO and is always tweeting out info on progress or appearing on YouTube shows to keep the community informed. Of course that might be changing as he gets busier for the release of saitamask, which a video was provided further back in the thread. That wallet, plus an nft narketplace, using it as a payment method, and a few other features are being worked on for the future. As well as continued sponsorships and charity stuff they've already done. And a growing number of influencers that are helping to promote the coin. The whole thing just keeps growing more and more every week and it's still at a low price.
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