In fact, scams are so common in the digital assets and cryptocurrency space that it’s become somewhat of a running joke. So, when it comes to the question “Is SAITAMA a scam?,” it’s not surprising that there is a lot of debate.
About SAITAMASaitama is a web 3.0 technology company primarily focused on developing a decentralized finance ecosystem for everyday life. While innovations like blockchain and cryptocurrencies represent a bright future to the democratization of finance, understanding the basic concepts and skills needed can be challenging - not to say risky - to newcomers.
Saitama comes in with a mission to simplify DeFi technology and make it safer for the mainstream user, educating them and adding real life use cases that can make crypto adoption beneficial in their daily lives, such as transferring fiat money between peers and purchasing and selling tokens with debit or credit cards.
Saitama is an ERC-20 (Ethereum) token that can be purchased through decentralized and centralized exchanges. On June 2022, the Saitama token contract was upgraded to enhance security and performance features that will ensure its longevity and sustainability. So far 55% of the token supply has been burned, leaving 45 billion tokens in circulation, with liquidity locked for 2 years until June 2024.
How Secure Is the Saitama Network?Saitama Inu is an Ethereum-based ERC-20 token. ERC-20 is a standard for tokens the majority of tokens go after while publishing on the blockchain of Ethereum.
Ethereum is among the most well-liked blockchains and go-to solution for several decentralized apps. Its Proof-of-Work consensus algorithm needs the miners to mine fresh ETH and ensures that it is among the most secure blockchains in the cryptocurrency sector.
A clusterer of decentralized nodes verifies transactions and makes Ethereum blockchain safe.
Is SAITAMA Safe?
Pros and Cons of SaitamaPros of Saitama
- They are fully decentralized
- Flexibility to update features as token and use cases evolve.
- A lot of investors are ‘flocking’ to invest
- Enhanced security with multisig wallets and ownership of the liquidity pool.
- It is listed on Coinmarketcap
- The coin is still under research and developments
- Multiple issues with its synchronizations between ledgers
- Not listed on many famous exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on trading view
No one knows for sure what will come, the only thing that’s for sure is that you are likely to lose money if you don’t put in the time to do your own research. And even then, you could still lose big. Please, do it in a responsible manner. Don't invest a lot of money in SAITAMA and always go for low-cost positions. Otherwise, you may find yourself in a difficult situation, both financially and emotionally.
Do you think that SAITAMA could be a scam? Leave your impressions about SAITAMA at the comment section down below.