- Community-driven ecosystem Saitama has announced a sponsorship deal with the famous UFC fighter Islam Makhachev.
- The Saitama community eagerly anticipates the launch of SaitaRewards, which will introduce the network to staking.
- Despite the deep plunge of the crypto market, SAITAMA has remained in the green, gaining 6% over the last 24 hours.
The goal of Saitama is to provide tools and quality content to help the 93% of GenZ that is confused about the subject of finance become comfortable with money while they invest and open unprecedented opportunities for wealth creation.
Using the Saitama edutainment platform, this community-focused project has developed entertaining solutions to teach people about finance while helping them improve their investing skills. So, how has Saitama performed recently?
Although cryptocurrencies are in a sea of red, Saitama has managed to continue in the green. Over the last 24 hours, SAITAMA has gained 7%, a better showing than all the top 100 cryptos ranked by market cap.
The 1D price chart of Saitama (SAITAMA). Source: CoinMarketCap
The recent price increase of Saitama brings its price to $0.00000001917, giving it a market cap of $841.2 million and a self-reported fully diluted market cap of $1.91 billion. Saitama has a circulating supply of 43.83 quadrillion tokens.
Joining the increasing number of crypto projects pushing for mainstream adoption through sports, Saitama has announced a sponsorship deal with the famous UFC fighter, Islam Makhachev.
Makhachev is now an ambassador for Saitama and will help promote the project as it connects with UFC fans and consumers worldwide. The sponsorship deal came just days before Saitama announced the termination of its agreement with Lilly Finance.
The project noted that as it builds a premier platform and ecosystem, it will only launch projects that meet their confidentiality and functionality requirements. The launch of Lilly Finance on SaitaMask was halted because the defi project breached its agreement.
Saitama launched its decentralized one-stop-shop wallet, SaitaMask, in January. The wallet allows users to buy, sell, swap, stake, and transfer cryptocurrencies. Within five weeks of its operation, Saitama has added various defi tokens, including ImpactXP, Ridge, Kishimoto, Mandox, and ShunaV2.
The app also includes crypto analysis tools and an “edutainment platform.” Using the Edutainment platform, Saitama teaches its users about finance while helping them improve their investing skills.
One of the most anticipated features is the SaitaMask upgrade, which will bring it closer to completion. Saitama’s smart wallet looks to revolutionize the crypto space by solving fundamental defi problems and allowing investors from any level to fully control their wealth.
According to Max Hernandez, one of the developers of SaitaMask, the team is currently working on the stability program of Saitamask and the swap feature, with the upgrade expected soon.
Future upgrades will introduce the Saitama community to staking via SaitaRewards. Using the SAITAMA tokens, members of the community will be able to partake in the governance of the project. Saitama has set q1 for the release date of SaitaRewards.
The inclusion of the swap feature will allow users to trade and exchange supported currencies within the SaitaMask.
Another major launch for the community is SaitaMaker, which it calls the new approach to NFTs. According to Saitama, this NFT launchpad platform will allow users to create, launch, and promote their projects and trade property using SAITAMA.
On the Flipside
- Although Saitama has enjoyed a significant level of success since its launch, some community members are displeased with the slow pace of release projects.
- In addition, the SAITAMA token has faced a 93% devaluation since peaking at $0.0000002777 in November 2021.
With the project built around empowering people, Saitama prides itself as a community-driven project.
Members of the Saitama community are exceptionally bullish about the future of the project. The Twitter user @Torres1PR wrote;
When this is 100% Fully Functional: #SaitaMask @InuSaitama will Change the Whole Dynamic in the Crypto Currency Space: Both CEFI & DEFI— @Torres1pr (@Torres1PR) February 17, 2022
Please #Retweet if You Agree #Alpha 🐺 pic.twitter.com/bkDTitV567
Ahead of its future release, @crypttodaddy writes;
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀@InuSaitama @Saitamaguru1 @ElonMansur— JPJ saitama uk (@crypttodaddy) February 17, 2022
Now is the time to release the beast from its chains ⛓
Saitama we trust 🚀🇬🇧🚀🇬🇧
Saitama uk 🇬🇧 will hold to the last pic.twitter.com/lHqkUTuBbd
Another user, @kibasaita, expressing his belief in the project, wrote;
SAITAMA WILL MELT FACES IN WEEKS 🐳🚀🚀🚀 @Saitamaguru1 @InuSaitama— ElasticCrypto (@kibasaita) February 17, 2022
Why You Should Care
Despite its slow start, Saitama is building up an exciting ecosystem of projects that look to reshape the decentralized finance ecosystem.