Thread by @2xnmore

$Saito is making significant progress in the blockchain industry.

By introducing inventive approaches to tackle the most pressing issues confronting Web3.

Here's is a short break down of #SAITO's token distribution.

@SaitoOfficial 🧵

The Saito network has 3 billion $SAITO tokens currently in circulation, with a maximum token supply of 10 billion.

These tokens are primarily ERC20/BEP20 and can be migrated on-chain for integration with other parts of the cryptocurrency ecosystem, such as exchanges.

In the future, more tokens may be made available for allocation to various entities, including:

1. a community-controlled foundation (20%),
2. core software development funding (10%), 3. liquidity provision for strategic partners (10%), and

4. incentivizing consumer usage via an on-chain Advertising Faucet (10%).

The Advertising Faucet is a distinctive feature of Saito's distribution strategy.

It provides users with small amounts of $SAITO tokens when they make transactions on the network.

This encourages usage while preventing users from accumulating significant reserves.

Users must also actively make fee-paying transactions, with the fees collected by nodes and developers building software and infrastructure.

#Saito's tokenomics distribution strategy allows users to determine which applications and developers receive financing from the network.

This method enables more effective spending of tokens that would otherwise be distributed to stakers or miners.

Additionally, the fee-flow aids in securing the network while introducing tokens into circulation without lowering the value of the on-chain economy.

That's all folks

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