2xnmore 🌋 Profile picture
Feb 22 9 tweets 4 min read
$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 🧵 Image
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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More from @2xnmore

Feb 22
Are you prepared for the launch of $VetMe on #Arbitrum, which is scheduled for February 23rd?

#VetMe aims to be Your number one vetting platform on the block chain.

Don't miss out, read further about the project here 👇

@VetmeToken 🧵
The scope of the thread includes the following:

- Introduction ( $Vetme )
- Launch 🚀 on the hottest chain #arbitrum.
- Essential points to note.
- Conclusion.

Let's dive in 👇
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That is, within the cryptocurrency realm and on the internet as a whole.
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The nine (9) essential points, you need to know before investing in crypto currency to #100x

By following these steps, you can save time, money and avoid repeating others' mistakes.

Let's start with the most overlooked point🧵👇
1. Diversify your portfolio: Investing in a variety of different types of crypto assets can help mitigate the risk associated with any one particular asset.
This means understanding the different types of crypto assets available, such as Bitcoin, Ethereum, Ripple, Litecoin, and many more. Different crypto assets may have different use cases, strengths, and weaknesses.
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Feb 21
Crypto twitter is bullish on $KDA and I think I just found out why.

In this thread, I will be Exploring the Benefits and Advantages of Kadena's Proof-of-Work Mining.

The reason behind #KDA's bullish sentiment, are as follows.

@kadena_io 🧵 Image
The scope of the thread 🧵 will include the following:

1. Introduction
2. The Energy Efficiency of Kadena's Scalable (POW) Consensus Mechanism.
3. The Prospects of Environmentally Sustainable Mining on $KDA.
4. Conclusion.

Let's get started 👇
1️⃣ Proof of Work (PoW) is a blockchain consensus algorithm where miners compete to solve complex mathematical problems.

In order to validate transactions and create new blocks, receiving newly minted cryptocurrency as a reward.
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#Vela also has some of the industries best front running protection, and positions management tools.

Here's how @vela_exchange stands out from the rest 🧵. Image
At $Vela Exchange, the security of traders' positions is of utmost importance.

To prevent front-running, the team has implemented a timer function that starts whenever a new position is opened or an existing position is increased in size.
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I have carefully explained the warning sings in the thread 🧵 below 👇

$AZERO $CHNG $TRIAS $KAS $SAITO
Assessing the tokenomics of a cryptocurrency project can give you insights into the project's potential for success or failure.

Here are some potential red flags to look out for in a crypto project's tokenomics:
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Could this be the reason why investors think #CHNG will #100x, let's find out here 👇
Chainge Finance, also known as $CHNG, operates as a DeFi application built on the Fusion blockchain.

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Ultimately, $CHNG aims to empower users to establish their digital banks, facilitated by an automated financial service.

This service utilizes Fusion's DCRM technology and provides stealth mode cross-chain interoperability.
Read 6 tweets

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