Saitama
SAITAMA is also called SAITAMA INU. This token, created by the SAITAMA community, serves as the SAITAMA project’s token. The SAITAMA project aims at educating current and future generations about crypto investing and fighting inefficient financial literacy.

SAITAMA proposes to address the issue of illiteracy through the creation of a decentralized ecosystem, which allows users to use crypto and teaches them about finance. This makes it possible for wealth creation.

The project was launched back in May 2021 with the namesake of the legendary “ghost dog” of the Saitama region of Japan.

The current status of the project
SAITAMA, a ERC-20 deflationary token that has a supply of 100 quadrillion units, is available.

With each transaction, it burns 2% more of its tokens. Already 49% have been used.

Holding is incentivised by the payment of a transaction fee of 2% among holders.

The claim states that the code prevents large wallet owners from manipulating prices by duping. It’s not clear if the feature is already functioning.

Swapping and trading can both be done with the SAITAMA token.

The Website & Whitepaper:
The website: explains the mission, provides access to the whitepaper, roadmap, contact form and team member’s names.

As of November, the whitepaper version 1.6 provides an overview of the concept, the future ecosystem and the SAITAMA token.

No explanation on how Saitama plans to implement the “anti-whale” feature.

The development stage
It is not possible to compare the achievements and stages of development mentioned in this whitepaper with those listed on the website.

The token fair launch and growth in the followinger base are its greatest achievements.

Whitepaper claims that Saitama Edutainment Platform has been launched. DailyCoin couldn’t find evidence that any Saitama Edutainment platforms existed.

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.

It is not known if there will be any launch time or specific details.

Fundraising:
DEX has a liquidity initial of 4% that will be locked until May 2022.

It is not known how initial liquidity was created.

The Team
Seven team members are included, each with clearly defined identities.

The technology team consists of only one member. This includes the CEO. He is also responsible for the operations.

Russell Armand is the CEO. He has a MBA in business administration and four years’ experience in developing crypto projects.

His LinkedIn profile is not available.

Max Hernandez has been involved in technical development for cryptospace for well over ten years. As a serial entrepreneur, Max has held multiple roles including software engineer and data scientist.

Venture capital investment data is not available.

Community
Twitter (NYSE.) (178.3K), Facebook(NASDAQ.:) (95.3K), Telegram (49.5K), Telegram (39.5K), Telegram (29.5K), Instagram (29.6K), Reddit (27.3K), Reddit (27.3K).

Active communities that receive regular updates

The Key Metrics
Token standard: ERC-20

Supply limit: 100 quadrillion

Circulating Supply: 44.6 quadrillion

Market Cap $2.8 Billion

Listings on exchanges:
Listing on 13 cryptocurrency exchanges. (See the complete list).

Available in pairs trading USDT, WETH and SHIB.

Token allocation:
49% are sent as a burned item to an inaccessible wallet.

In circulation are approximately 45% of SAITAMA coins.

Over 256K wallets are on chain

Wallets:
ERC-20-compatible wallet.

Price changes
All-time high (ATH), $0.000000170776 November 2021

In July 2021, the All-time low (ATL) was $0.000000000026

It is currently up 243 889 9.6% from its ATL, and 62.8% lower from its ATH at the time of writing.

Verdict

• Although the idea of bringing financial literacy and cryptocurrency education to the rest of the world in an engaging way is intriguing, there’s not enough evidence to support its long-term goals. Saitama, on the other hand is still a relatively young crypto project. Time will tell.
• Project values transparency and team members are open about their faces. We were unable to verify the experience of either the CEO nor the Tech Officer as these individuals appear not to have LinkedIn accounts.
• The team is relatively small, with only one person responsible for the project’s technical development. Saitama allocates more of its human resources for marketing, content development and community building. This is an Interesting approach, considering that none of the ecosystem’s planned features are functioning yet. Even the data on the official website and the whitepaper don’t match up.
• SAITAMA’s active and large social media networks, rapid growth over a few months, and the high number it holds suggest that this could be a good speculative option for investors in short-term.

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