Saitama Inu Review: Legit or Scam

I had to talk myself into writing this article because I had doubts about the need for writing a Saitama inu review. In my head, Saitama  Inu is perhaps one of the most popular tokens out there right now so, there is zero need to write a Saitama Inu review. I also know that inside my big head is not reality, therefore, I’m rebelling against my head to write a review of Saitama Inu.

So, if you randomly saw this review and decided to read it for whatever reason. This review was written with you in mind.

The objective of this review is to demystify tokens, especially new or relatively unknown altcoins. Make them simpler and easier for investors to understand and expose the many scams masquerading as legitimate investment options. Before we get into reviewing Saitama Inu, you and I need to agree on something very important.

“I’m not a banker or a financial expert, I don’t even consider myself a crypto “expert” (whatever that means). I will not be held responsible for your financial decision. Crypto investments, especially meme coin investments are high-risk, high-reward ventures. This review is just a guide, consider it alternative entertainment.”

With that out of the way, let’s go.

Saitama Inu’s website

Saitama Inu’s website is professionally done. It is not the most amazing website on the internet it however carries a professional touch, something many similar websites lack. The website is SSL secure and optimized for different viewports. The description begins with a superb introduction. Here’s how it was explained.

“Welcome to Saitama, a community-driven platform promoting financial well-being by empowering people of all ages and cultures to be in control of their money and create their wealth opportunities. The $SAITAMA token is our medium, it was built on the Ethereum blockchain (ERC-20) with a smart code that makes it safe to invest and beneficial to hold”

I believe the above is clear enough. So, I’ll not bother to explain what they mean. Saitama Inu’s mission is immediately introduced. According to the website, Saitama Inu’s mission is “To educate the next generation of investors and make financial well-being accessible to all”

This is a rather very simple and thoughtful mission. While some projects pick the complex problem to solve in crypto, Saitama Inu focused on solving the simple problems of educating young people about Cryptocurrency and wealth building.


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Saitama Inu’s Tokenomics.

Saitama Inu is a deflationary and reflection token. Deflationary because it is designed to gain more value as people transact (buy and sell) using the token. Reflection because holders of Saitama Inu are encouraged to hold by receiving rewards for holding. This is how it was broken down.

2% of the amount of all transactions is taken out of circulation, meaning that Saitama inu token supply is constantly shrinking and making investors’ $SAITAMA increase in value. Another 2% of every transaction with $SAITAMA is deducted and redistributed to the pool of holders. Meaning that just by holding it you earn passive income as the number of your token automatically increases.

Saitama Inu claims it has an anti whale mechanism which it calls Anti Whale Trap. For those who do not know what the term Whale is in crypto. Crypto whales are entities who hold a large number of coins of a particular cryptocurrency, which gives them (most times unhealthy) an advantage over that particular cryptocurrency.
According to the website. “Everyone is expected to make a profit but we want profit to be for everyone. $SAITAMA is coded in a way that prevents big wallet holders (whales) from trying to manipulate the price in their favor or from dumping the token by selling out”. We will have to verify if this claim is true. I have reviewed tokens that claim to have an anti whale mechanism, but it has turned out to be false, one of them is the BNB token.

Saitamask

Saitama Inu’s big project is called SaitaMask. A smart wallet that promises to solve fundamental problems in decentralized finance, allowing investors at any level to be in control of their wealth. The website went further to explain that Saitamask was mainly built for new investors in crypto who find it discouraging to use Defi platforms because of its ‘difficult’ nature. Saitamask promises to be better by being a one-stop-shop where you can connect your payment system of choice and be able to buy, sell, swap, transfer. Users will also be able to analyze their investments using multiple tools that help them make informed decisions. SaitaMask will also serve as a hub connecting users to the Saitama Edutainment platform, where they will be learning about finance and improving their investment skills.

The Saitama Platform

The Saitama platform section of the website covers the different platforms yet to launch that are under development under the Saitama Inu ecosystem. These platforms are SaitaMaker, SaitaEdutaiment, and SaitaMarket.

SaitaMaker

SaitaMaker is a launchpad platform that will enable users of SaitaMask to create, launch and promote their projects, as well as trade property related to them using the $SAITAMA monetary system. In case you don’t know, Crypto launchpads, often referred to as IDO (Initial DEX offering) platforms, are platforms for launching new coins, crypto projects, and raising liquidity. If achieved, this is going to be huge.

SaitaEdutainment

SaitaEdutainment is a multi-channel platform under development,  that will educate users on how to save, invest, manage money and create wealth opportunities while entertaining them. It is also a community-operated business where creatives can profit from sharing their talent and knowledge about finance.

Saitamarket

Saitamaeket is one of the core features of SaitaMask. It is a marketplace inside SaitaMask where investors can use their tokens to purchase everyday needs.

With that, we have come to the end of reviewing the website. One thing I like about Saitama inu’s website is the simple use of the English language. Words and sentences are simple as little or no jargon was used. The white paper is next.


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White Paper

The Saitama Inu’s white paper is a 14 page, downloadable pdf that was published in November 2021.  We have treated most of the content of the white paper, to avoid repetition, I’m only going to focus on the things we haven’t touched. These things are Saitama Studio and Saitama NFTs. According to the white paper. “Saitama Studios is the entertainment division of the Saitama Token. We develop original franchises and custom projects for third-party games. Our capabilities extend from content creation to game and NFT development. The original content franchise Wolfcaster™ is our tentpole”

Wolfcaster is a planned play-to-earn game that is adventure-themed and set in a world where strong shamans connect with wolves and lead them into epic battles with magic.

Saitama NFT.

Saitama NFT are developed by Saitama Studio. Saitama has released a collection of trading cards, virtual jewelry, and other interactive pieces like the Saita Car and the Saitama VHS. More NFTs are being developed.

Market Cap and Liquidity Pool

According to Dextool.io, Saitama Inu’s market cap is currently  $1,948,790,098. Almost. 2. Billion. Dollars. For a token that got launched in May, just less than 7 months ago, this is the most progressive token I have reviewed and it is not even mainstream yet.

Saitama inu’s liquidity pool is currently estimated to be $22,192,592.96, according to Dextool.io. It is locked and temporarily inaccessible to the developers until May 2022. This is relatively healthy.

Over 280392 investors are holding Saitama Inu, which is a crazy number. These figures are most token developers’ dreams. It shows a large segment of investors believes in the Saitama Inu project. Also, there are indeed no whales in Saitama Inu’s ecosystem. Therefore the developer’s claim of having an anti whale mechanism is true.

Developer Behind Saitaima Inu

Saitama Inu remarkably has doxed developers. On the whole paper, pictures and names of the developers behind Saitama Inu were published. These are the developers’ names. Aaron Mansur CMO – Marketing, Gabriel Klein CCO – Creative, Manpreet Kohl CFO – Finance, Max Hernandez CTO – Technology, Nam Tram COC – Community Building,
Steve Rocket– Crypto Content Creator, and Russell Armand CEO – Operations

I must admit, the developers have little or no antecedent on the internet before Saitama Inu. I however like the fact that they are (some of them) U.S citizens and their names and faces are out there. In my opinion, they fully are a doxxed team. And this is a super plus for the project.

What investors are saying about the Project

On YouTube, the belief in Saitama Inu is strong. Here are some of the comments from 3 months. Compare that to the comments of today.

If you noticed, the question is no longer whether the project is legit. Impatient investors with unrealistic sense of entitlement have invested and believe Saitama should always be pumping, so they talk down on the project. This is common in the crypto space.

Conclusion

Saitaima is legit. The developers are doxxed. The market cap is massive. The token has so much in store for investors. This review is probably very late, but as they say, better late than late. Thanks for reading this review.

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