#Saito is a new generation of blockchain that fixes the economic problems in all proof-of-work and proof-of-stake class networks and enables massive on-chain scaling while maintaining both network decentralization and security.
$SAITO || Saito is a new type of layer-1 blockchain that powers web 3.0 applications. Before I tell you where price might be headed, lets dive into the project!
The problem which needs solving
Proof of Work and Proof of Stake are forced to compromise on scale because they only pay for one thing: the security provided by mining or staking.
This is where Saito comes in. Saito delivers a new economic model for blockchain. Saito Consensus aligns incentives for all participants, paying nodes for scale and while remaining open on a massive scale, so developers can build great web 3.0 apps for everyone.
Token utility
SAITO token is the utility token of the network. All network node payments and transactions use the SAITO token. Also it's used for staking.
Token Distribution
Currently 3billion tokens is the total supply. Max supply is 10billion. "In the future, additional token supply may be made available to a community-controlled foundation (20%), allocated to fund core software development (10%), earmarked to provide liquidity to strategic partners who bring industrial use cases to the network (10%), as well as to incentivize consumer usage through an on-chain Advertising Faucet (10%) that will funnel small amounts of SAITO to users while the network builds transaction volume."
In short you, currently you have 100% circulating supply and in the future more can be added. Important to note that the last locked tokens from early investors were unlocked at a time where they were up x10. I expect them to have sold their bags. This is a good thing at this point in time allowing for more decentralisation and less selling pressure during an uptrending market.
Product
Saito Applications are modules that plug into the Saito Wallet and use the Saito network to communicate with peers. There is a good amount of games running on the Saito platform now, and more to come that are currently in development, some of them have been made for members of the community.
Then there is Saito Redsquare. Seems like a decentralized social media. As far as I can see Saito has elements of Social media, P2P, Gaming, NFT's and DeFi.
Price
Tons of other things that can be said. But the moment we all have been waiting for... What is price doing?
I expect it to retrace back around 0.005 and make a 3x in the mid term there after.
Let me know what you think.
π΄ WASM is Now Live on Saito Network! π
Our dedicated dev team has successfully integrated WASM with browsers running rust consensus. π οΈ
This milestone marks a giant leap toward a more scalable and efficient blockchain. π¦Ύ
The future shines even brighter for Saito and its thriving community. π
β― Stay tuned for more updates
The Core Principles of True Web3 are:
π΄ openness,
π΄ self-sufficiency, and
π΄ removing all third parties.
This is what Saito is Building. ποΈ
An Open and Self-Sufficient Network that Cutts All Third Parties.
Saito is Keeping Satoshi's Vision Alive.
β― Join the #Saitozens
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DID YOU KNOW - it's theoretically possible for Saito users to win the block reward?
If attackers strip the routing sigs off txs, those txs won't help them make blocks. But we also want to stop them collecting the fee.
In these cases, the sender gets 100% of the tx routing work.