Thread by @2xnmore

You might be missing out on a life changing opportunity, If you haven't heard about $SAITO

Here's all you need to know about the project:- it's founders and the benefits of #Saito.

Let's find out more in this thread 🧵

The scope of the thread includes :

1. What makes $SAITO unique
2. Founders
3. Tokenomics
4. Benefits of Saito
5. Conclusion and recommendations

Let's get started 👇

1️⃣ The requirement for cryptocurrencies to become scalable is vital if they are ever going to replace the current system.

While cryptos are focusing on sharding as the way ahead, others, like Saito, are focusing on reforming the material conditions which currently govern crypto.

The platform approaches the scalability problem by looking at it first and foremost as an incentive problem.

Whereby nodes are rewarded for acting on self-interest regardless of any consequences for the ecosystem.

By reforming the business model, the platform hopes to increase the potential for scalability.

2️⃣ Richard Parris, originally from Melbourne, co-founded #Saito with David Lancashire in March 2018 in Hong Kong.

Parris studied mathematics and philosophy at the University of Melbourne.

After graduating from Melbourne with an MPhil, he was the founding chief technology officer of Edanz Group.

This was acquired by M3 in 2019. Before founding #Saito, he launched Parris DaCosta Hayashima, a luxury watch company.

Lancashire is Saito's technology lead.

He studied political science at the University of California, Berkeley.

Before becoming involved in Saito, Lancashire set up three successful businesses, including Language Systems Ltd.

What does the company do? What is the #Saito coin used for? And how does it work.

3️⃣ Launched in early 2021, $SAITO, the native coin, has performed reasonably well.

In the 30 days covering the end of 2021 and the start of 2022, the coin gained over 15%.

With a maximum supply of 3 billion $SAITO coins and a current circulating supply of 1.37 billion coins.

Saito has an application stack that pays participants not for staking or mining but for running user-facing infrastructure.

There will be money to run the necessary infrastructure as long as there are users for any parachain or blockchain.

To take part in the #Saito ecosystem, users need Saito tokens (SAI).

These tiny fees altogether produce the economic incentive for nodes to provide infrastructure for other parachains and blockchains.

Users can purchase SAI to participate in the ecosystem.

But in practice, most users will not need to spend money to use Saito applications.

As $Saito apps run directly in the browser, users can receive passive tokens by installing applications.

For instance, an advertising module that shows advertisements on Saito applications without tracking.

4️⃣ Benefits of Saito

Saito is delivering an open internet. One can run Saito built blockchain apps in their browser without non-open infrastructure or closed plugins.

Additionally, it rewards its nodes to run the equipment to keep other networks free and decentralized.

Below are some other benefits:

• Powerful Blockchain – It supports data-intensive apps like games and social media.

• Open Infrastructure – It pays for infrastructure that connects blockchains to users. The network deploys more infrastructure when more applications run on it.

• Ecosystem – It provides full support for Polkadot and other leading Web 3.0 blockchains.

• Web DApp Platform – It provides an easy-to-use DApp platform so developers can immediately get started.

• Browser Support – Saito apps run directly in the browser, without closed plugins or private API providers.

• Anti-Monopolistic – Shortage of connection points is not there because anyone can start a node, and access-points make money servicing users.

• Open Source – It is a decentralized open-source software stack powered by a stylish economic design.

5️⃣ Conclusion and recommendation

Looking at their structure and applications; which are presently up and working, Saito is a generational shift in blockchain technology.

One should definitely look into it.

It is at least, worth using as an applications to earn incentives in the form of tokens.

That's all folks

If you enjoyed this thread:

1. Follow me @2xnmore for more educational content.

2. Also follow @SaitoOfficial and share the thread, thanks. $SAITO #SAITO