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Market

Market stats

Market cap

$7.9M

Volume (24h)

$72,865.03

Circulating supply

1.1B SAITO

All time high

$0.13

Price change (1h)

+0.43%

Price change (24h)

-0.07%

Price change (7d)

-3.37%

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Saito is on the decline this week.

The price of Saito has fallen by 3.37% in the past 7 days. The price declined by 0.07% in the last 24 hours. In just the past hour, the price grew by 0.43%. The current price is $0.0074 per SAITO. Saito is 94.29% below the all time high of $0.13.

The current circulating supply is 1,065,408,547.093 SAITO.

Ratings

Average ratings from the community

5.0 out of 5

42 ratings

Community

5.0

(14)

Roadmap

5.0

(14)

Usefulness

5.0

(14)

About

What Is Saito (SAITO)?

Saito is a one-layer blockchain that finances nodes in the peer-to-peer network. A node is a part of the blockchain infrastructure that maintains the ledger of public transactions. Saito seeks to deliver a permissionless and scalable Web3 network with full support to Polkadot and other leading blockchains. Web3  is an idea of the World Wide Web on blockchain technology. And Saito can aim to power decentralized versions of many data-heavy services such as Twitter, Amazon, etc. In other words, as the whitepaper claims, Saito is a solution for developing a free market for the public. It focuses on correcting the problems in proof-of-work and proof-of-stake algorithms. 

Saito seeks to offer a variety of features to its users. The platform aims to support powerful applications such as games, communication tools, and social media applications. Moreover, Saito aims to fund itself as well as other networks. It has a P2P Web3 toolkit that supports QR-generation and scanning to ZKP-based gaming functions. Also, the platform seeks to offer an open app store where developers can build and deploy apps without the need to run any infrastructure. It has a scalable PKI network layer designed to handle the enterprise-level key exchange and encryption requirements.  

Moreover, a portion of the SAITO token is available in ERC-20 form, and the rest are layer-one SAITO tokens. The ERC-20 form of the token can be convertible to layer-one SAITO tokens. This token type exists to seek to simplify the purchase and permissionless integration in off-chain applications. Off-chain refers to transactions that occur outside of the blockchain. In addition to that, it enables the right for token withdrawal onto any public Saito fork to token holders.

On the other hand, layer-one SAITO tokens are used on-chain and can’t be converted directly to the ERC-20 Saito token. Most of the token allocation is for this form of Saito coins. The platform seeks support from the private sector to provide convertibility and liquidity to token owners. Liquidity is the easy conversion of an asset into traditional currency without impacting the market price. 

The token distribution is of two categories—ERC20 wrapped tokens and on-chain Saito coins. For the allocations of on-chain tokens, 20% is allocated to the Saito foundation for its management and oversight, and 15% is distributed as compensation with early developers. Moreover, 15% is utilized in the rewards and incentives program to help build a better community, 10% is allocated among third-party companies or strategic partners, and the remaining 15% is allocated to network developers/contributors. 

Similarly, in the case of wrapped coins, 10.3% is used as a seed round, 13.7% is utilized in private sales, and 1% in public sales. However, 2% of developers and 3% of the foundation team were again added in wrapped ERC20 tokens in 2020.  

History of Saito (SAITO) 

David Lancashire and Richard Parris published the whitepaper on December 24, 2020. Both of them are the cofounders of Saito. Since 2012, Lancashire has been involved in the Chinese crypto space. Parris has experience of 15 years in leading technology projects and teams in Japan and China.

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Reading List

News

Unchained • Sep 21, 23

a16z Backs $33M Raise for Blockchain Game Studio Proof of Play

Proof of Play, a decentralized game studio and blockchain technology company, has raised $33 million in a seed round co-led by Andreessen Horowitz (a16z) general partner Chis Dixon and Greenoaks founder and managing partner Neil Mehta, according to a press release provided to Unchained. The funds will help Proof to ... The post a16z Backs $33M Raise for Blockchain Game Studio Proof of Play appeared first on Unchained Crypto.

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TechCrunch • Sep 21, 23

Former a16z execs launch Bastion

Bastion launched a suite of products so companies can integrate web3 infrastructure into their existing enterprise technologies.

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Fortune • Sep 21, 23

Google Cloud to provide developers access to data on 11 more blockchains, including Polygon, Tron, and Arbitrum

The cloud provider will also add data on Ordinals, non-fungible tokens minted on the Bitcoin blockchain, to its available datasets. The cloud provider will also add data on Ordinals, non-fungible tokens minted on the Bitcoin blockchain, to its available datasets.

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The Block • Sep 21, 23

Polygon Labs proposes facilitating Celo’s migration to Ethereum Layer 2 with CDK

Polygon Labs offered the Celo community a proposal to integrate its Chain Development Kit for the transition to Ethereum Layer 2.

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The Block • Sep 21, 23

Friend.Tech rival Post.Tech activity picks up with $1.8 million in daily volume

Crypto social media sites offering gated channels are gaining popularity — with a new version on Arbitrum taking off.

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Decrypt • Sep 21, 23

Bitcoin Pioneer Hal Finney Explains ZK Proofs in Rediscovered Footage

A video has resurfaced showing the late software developer and Bitcoin pioneer Hal Finney explaining zero-knowledge protocols in the 1990s.

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FAQ

What is the current price of Saito?

We update our Saito to USD currency in real-time. Get the live price of Saito on Coinbase.

What is the market cap of Saito?

The current market cap of Saito is $7.91M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Saito?

The all-time high of Saito is $0.13. This all-time high is highest price paid for Saito since it was launched.

What is the 24 hour trading volume of Saito?

Over the last 24 hours, the trading volume of Saito is $72.87K.

What other assets are similar to Saito?

Assets that have a similar market cap to Saito include Counterparty, Cult DAO, REPv2, and many others. To see a full list, see our comparable market cap assets.

How many Saito are there?

The current circulating supply of Saito is 1.1 billion.

Can I buy Saito on Coinbase?

Yes, Saito is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Saito guide.