How to understand what problems @SaitoOfficial ( $SAITO ) fixes without spending 100’s of hours researching.
I spent the whole week making this the EASIEST #SAITO thread out there.
Let’s dive in ↓ 🧵
I spent the whole week making this the EASIEST #SAITO thread out there.
Let’s dive in ↓ 🧵
What I’ll be covering:
1. What is SAITO?
2. Why Use Saito?
3. Partners, Backers, & Team
4. Tokenomics
5. Final thoughts
1. What is SAITO?
2. Why Use Saito?
3. Partners, Backers, & Team
4. Tokenomics
5. Final thoughts
1. What is SAITO?
Saito is a Web3 Foundation grant recipient that allows blockchain applications to run directly on the browser.
SAITO is set up to pay internet service providers (ISPs) directly.
Saito is a Web3 Foundation grant recipient that allows blockchain applications to run directly on the browser.
SAITO is set up to pay internet service providers (ISPs) directly.
It powers communication tools, games, social media apps, and other bandwidth-intensive apps.
$Saito has an Open AppStore that allows developers to construct and run apps without providing the infrastructure.
They currently have a working proof of concept called Saito Arcade.
$Saito has an Open AppStore that allows developers to construct and run apps without providing the infrastructure.
They currently have a working proof of concept called Saito Arcade.
Their arcade aims to demonstrate the power and flexibility of building dApps on #Saito.
In addition, they recently launched Saito Polkadot Arcade, where users can play games using $DOT, $KSM, and $WND.
In addition, they recently launched Saito Polkadot Arcade, where users can play games using $DOT, $KSM, and $WND.
2. Why Use Saito?
The primary reason to use Saito is that it is decentralized.
Everyone relies on the operator’s connection to run with a centralized node operator.
The primary reason to use Saito is that it is decentralized.
Everyone relies on the operator’s connection to run with a centralized node operator.
Therefore, all dApps depending on the operator, are vulnerable if their nodes are compromised by bugs or hacks.
Since dApps built on the L1 blockchain can easily and cheaply host their own nodes, it is naturally decentralized.
The protocol has a below-zero cost-of-attack.
Since dApps built on the L1 blockchain can easily and cheaply host their own nodes, it is naturally decentralized.
The protocol has a below-zero cost-of-attack.
By ensuring the production of blocks to be expensive, attackers must pay out-of-pocket and are guaranteed to lose a lot of money in an attempt to produce a block.
Honest nodes are not affected since they pay the costs with fees collected from their users.
Honest nodes are not affected since they pay the costs with fees collected from their users.
3. Partners, Backers, & Team
Saito has some partnerships that entice devs to build on Saito.
For example, #Elrond $EGLD has jumped in to help developers use tokens on the Elrond network in web apps and games running on Saito.
Saito has some partnerships that entice devs to build on Saito.
For example, #Elrond $EGLD has jumped in to help developers use tokens on the Elrond network in web apps and games running on Saito.
StackOS also makes it easier for Saito developers to get apps and edge-nodes running. Other partnerships include Genesis Block OTC, Mixin Network, and iME.
The protocol also has prominent investors, including OKEx Blockdream Ventures, Master Ventures, and A195 capital.
The protocol also has prominent investors, including OKEx Blockdream Ventures, Master Ventures, and A195 capital.
The L1’s two co-founders @dlancashi and @richard_parris , have more than ten years of experience in the tech space in China.
The team is expanding , with half of the current team based in Asia and the rest distributed through Spain, South Africa, and South America.
The team is expanding , with half of the current team based in Asia and the rest distributed through Spain, South Africa, and South America.
4. Tokenomics
The use case for $SAITO tokens is similar to how $ETH works on Ethereum. The main point is for accounts to spend them in exchange within the network for data services.
There are two types of SAITO available.
The use case for $SAITO tokens is similar to how $ETH works on Ethereum. The main point is for accounts to spend them in exchange within the network for data services.
There are two types of SAITO available.
L1 SAITO is the on-chain token used with the Saito network.
The ERC20 version (wrapped SAITO) token allows for permissionless integration in off-chain applications.
ERC20 can be converted back to L1 #SAITO, but not the other way around.
The ERC20 version (wrapped SAITO) token allows for permissionless integration in off-chain applications.
ERC20 can be converted back to L1 #SAITO, but not the other way around.
At the moment, only ERC20 SAITO is available for public purchase. The token is listed on Uniswap, Pancakeswap, Gate.io, BKEX, BigOne and Lbank.
5. Final thoughts
Although SAITO is a long way form being a top 10 project,
now might be a good time to invest.
At only about $0.017 per token, you could invest a little and realize a big return on investment (ROI) later.
Although SAITO is a long way form being a top 10 project,
now might be a good time to invest.
At only about $0.017 per token, you could invest a little and realize a big return on investment (ROI) later.
There are other ways to use the #SAITO ecosystem, such as building and deploying an app you have designed.
Or you might just want to get involved in the $SAITO community by playing a few games in the arcade.
Or you might just want to get involved in the $SAITO community by playing a few games in the arcade.
Hope you guys gained from this!
If you enjoyed this thread:
1. Follow me @DamiDefi for more of these
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1. Follow me @DamiDefi for more of these
2. RT the tweet below to share this thread with your audience
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