|All Time High:
|The price of #SAITO today is $0.00914 USD.
The lowest SAITO price for this period was $0, the highest was $0.00914, and the current live price for one SAITO coin is $0.00914351.
The all-time high SAITO coin price was $0.11.
Use our custom price calculator to see the hypothetical price of SAITO with market cap of ETH or other crypto coins.
|The code for Saito crypto currency is also #SAITO.
Saito is 2.8 years old.
|The current market capitalization for Saito is $27,430,545.
Saito is ranked #508 out of all coins, by market cap (and other factors).
|The trading volume is medium during the past 24 hours for #SAITO.
Today's 24-hour trading volume across all exchanges for Saito is $191,966.
|The circulating supply of SAITO is 3,000,000,000 coins, which is 100% of the total coin supply.
SAITO Token Distribution Update 2022–04
2022–04–22. — 468,270,545 ERC Saito have been moved from the Seed and Private Round Vault for distribution to Investors. We are glad to get these tokens to our supporters and thank them for their continued contribution to Saito. Not all funds will be vested immediately. We would kindly remind anyone who has been sent and has yet to respond to a conversion request or confirmation emails that our Terms and Conditions require active response and that distribution may be delayed. We plan to process late responses on a weekly or bi-weekly basis to prevent late submissions from creating an unnecessary processing burden on our admin. No SAITO have been distributed for other reasons since our previous update. Vesting disbursements resulted in an 28% increase in resulting supply. This represents the last substantive distribution of ERC20 tokens under the vesting program. We hope to provide a ‘year in review’ update on finances and tokenomics in the coming weeks via our blog. Treasury Safes: Saito Private Sale Token Vault Saito Foundation Token Vault Saito Contributor Token Vault Saito Holding Token Vault
SAITO Token Distribution Update 2022–01
2022–01–22 387,240,275 ERC Saito have been moved from the Seed and Private Round Vault for distribution to Investors. We are glad to get these tokens to our supporters and thank them for their continued contribution to Saito. Not all funds will be vested immediately. We would kindly remind anyone who has been sent and has yet to respond to a conversion request or confirmation emails that our Terms and Conditions require active response and that distribution may be delayed. We plan to process late responses on a weekly or bi-weekly basis to prevent late submissions from creating an unnecessary processing burden on our admin. No SAITO have been distributed for other reasons since our previous update.Circulating Supply(Edit, corrected date in last column) Vesting disbursements resulted in an 28% increase in resulting supply. These tokens will be held in the Saito Holding Token Vault and are included in the Circulating Supply calculations. An update will be provided on token distribution at the next substantive change. Treasury Safes: Saito Private Sale Token Vault Saito Foundation Token Vault Saito Contributor Token Vault Saito Holding Token Vault
Saito Token Distribution Update
2021–10–22 This document is a reprinting of information originally published on the Saito Blog. 171,955,463.49 ERC Saito have been distributed to Seed and Private Round Investors. We are glad to get these tokens to our supporters and thank them for their continued contribution to Saito. No SAITO have been distributed for other reasons since our previous update. Some liquidity SAITO have been placed in UNISWAP liquidity.Circulating Supply Vesting disbursements resulted in an 28% increase in resulting supply. Some funds remain outstanding from this vesting period. We would kindly remind anyone who has been sent and has yet to respond to a conversion request or confirmation emails that our Terms and Conditions require active response and that distribution may be delayed. We plan to process late responses on a weekly or bi-weekly basis to prevent late submissions from creating an unnecessary processing burden on our admin. These tokens will be held in the Saito Holding Token Vault and are included in the Circulating Supply calculations. An update will be provided on token distribution at the next substantive change. Treasury Safes: Saito Private Sale Token Vault Saito Foundation Token Vault Saito Contributor Token Vault Saito Holding Token Vault
Saito Community Town Hall # 3 Highlights and Recap
The Saito Network just recently held its third monthly Town Hall, hosted by its founders Richard Parris and David Lancashire, here you can find a summary of the updates they gave to the community and highlights of the questions asked that evening: General UpdateThe Ultimate Saitozen campaign has been launched to explore different approaches to take when generating community and engagement beyond giveaways.The Ambassador program continues to roll out, a few quality people (particularly from the community) have been brought onboard. We want to extend an invitation to people who want to represent Saito independently and talk more broadly to the community and would like assistance to do it.DOT arcade has been out for a month and work is being done on generic crypto support so that more tokens can be easily incorporated with Saito as the underpinning layer.There was collaboration with StackOS (The Ultimate Saitozen is running on their infrastructure)Saito’s ramping up hiring, new positions are being open at https://org.saito.tech/jobs/ If you or anyone you know is interested in taking part of the future of blockchain please let us know Tech UpdateWork is currently being done to move from Saito Classic (a basic implementation of a single node, with routing work and a golden ticket every block) towards adding the pieces the production network needs, the biggest three being:Automatic Transaction RebroadcastingNetworking: Saito n...
NOTICE: Uniswap Liquidity Rotation
Republication of: https://org.saito.tech/notice-uniswap-liquidity-rotation/ The Saito Project will rotate liquidity provided on the uniswap pair: 0xdfcf744c8ae896e8631ba9b9dc717546646f6708. The rotation will be executed after UTC 04:00 on 2021–09–09 over several hours. Liquidity ownership will be migrated from the existing wallet (0x7cef1f635c41e5a80946adac6724532026cc5285) to a multisig vault to improve security and better support future migration to Uniswap V3 and conform with project policy. The project will move the liquidy over several transactions. Total liquidity in the pool provided by the project should not fall below current levels at any point. Follow our telegram and twitter channels for regular project information.
The Saitozen Voice Deluxe — Part 2
The Saitozen Voice Deluxe — Part 2 Let us resume where we left off in Part 1 of this public debate between David Lancashire and Vitalik Buterin: David: You are confused because you think public goods exist in the same form in every network simply because they exist in that form in Ethereum. This is not true: no-one considers staking a public good, but there are incentive mechanisms in which it could be. Vitalik: Of course I consider staking a public good! It just happens to already be incentivized in-protocol because it is easy to measure. David: This is wrong, Vitalik. The benefits of staking are excludable in networks that measure and pay for staking. They aren’t public goods in those networks by definition. You don’t get to call something a “public good” because you think it has diffuse social benefits. Lots of things have diffuse social benefits. The term “public good” refers to a specific type of good with a defined set of properties which leads to market failure by making defection-from-provision the dominant strategy for profit-maximizing actors. Staking can be a public good, but not if you are measuring it and paying for it. That introduces excludability as only the participant who has staked is eligible for the payment that is provided to induce staking. If you want to make staking a public good, you have to design a mechanism where you need it for security but either stop paying for it or distri...
The Saitozen Voice Deluxe — Part 1
The Saitozen Voice Deluxe — Part 1 While discussing the issues faced by current blockchains, sometimes great minds come at odds with each other regarding the nature of these issues and their understanding of them. This was the case recently, in a debate that ensued between Saito’s David Lancashire and Ethereum’s Vitalik Buterin regarding the Free Rider problem and governance structures in blockchain. The Saitozen Voice now brings this exchange to you, as it occurred: David: The sad thing about this write-up/essay is that it shows how clueless the ETH developers are about economics, particularly in terms of how they think about collective action problems and public goods. Public goods exist when, despite the fact that overall welfare is maximized when we do Y, everyone nonetheless does X because that is what maximizes individual income regardless of what others do. Thus, the tragedy of the commons where people put more sheep on the pasture because they are better off *regardless* of what others do. Or the free rider problem Vitalik is describing here where everyone mines/stakes rather than fund protocol upgrades because that maximizes my income regardless of what others do. Vitalik is missing something fundamental about economics and it is astonishing no-one is correcting him: people pursue individual interests not group interests. He is running into a public goods problem because his incentives are pointing to the ...
The Saitozen Voice — Issue #5
The Saitozen Voice — Issue #5 Welcome back Saitozens! This time around we are going back to the basics behind the workings of the Saito Network, let us get right into it: I’m having trouble wrapping my brain around the issues that SAITO solves, and it’s primarily because I’m unable to relate it to real life examples of how things are traditionally. Can anyone explain it to me like I was born in the 1950s? POW needs volunteers to do non-mining work in the same way Halloween needs volunteers to do candy-buying work. Scale means volunteers stop doing this stuff as costs rise. So the work needs to be done by for-profit firms. POW and POS networks think this will be fine because their networks are decentralized. Try to think of a business model that will pay for the network infrastructure nodes to serve data to users and collect fees for miners/stakers that doesn’t increase fees, lower security, or introduce cartels and monopoly economics. Try to find a business model that makes for-profit firms behave like volunteers. There isn’t one. The free market HAS to add closure to anything it pays for, because otherwise you have a public good and market failure. But closure makes a blockchain pointless and uncompetitive. Saito fixes the problem by noticing and fixing the underlying problem: the fact that participants are incentivized to do only a subset of the stuff we need done. Suddenly an open consensus algorithm can...
The Saitozen Voice — Issue #4
The Saitozen Voice — Issue #4 Welcome back Saitozens! We are here once again to bring to the forefront the best of the discussions happening on the bastion of culture and wisdom that is the Saito community, let us get right into it: Would someday other dev be able to use the Saito blockchain to create their tokens in the same way Ethereum and BSC are used today? A smart contract EVM is really just an application that runs on a blockchain. Install the EVM atop however many nodes you want and they can process transactions set to specific addresses as inputs to contracts. That stuff runs naturally L2 on Saito. When will we get around to this? That really depends how it falls into the hierarchy of things that needs to be done and when it becomes a priority. Definitely not soon in my opinion. We can chat about this in the townhall if people want. You explain Saito as a solution to problems that other blockchains don’t even recognize as problems. From what I hear/read, I think e.g. Vitalik is a very smart guy within the Ethereum space. Why wouldn’t he see these problems? Are they really that much of a “thing”? Will they be in the long run? What the ETH guys tend to do is see a problem with POS, notice it exists in POW, and conclude it must be a universal problem. Practical examples of this are the “scalability trilemma” and “sheep-and-wolves” problems. Vitalik has written about some economic attacks that S...
Saito Treasury Wallet Consolidation
This document is a copy of: https://org.saito.tech/saito-treasury-wallet-consolidation/ Saito is consolidating its treasury wallets into a more secure vault. On 2021–08–10 SAITO will be moved from the existing wallets to secure vaults to improve security. No tokens will be released at this time and total circulating supply is not changed. Private Sale Disbursement Wallet Foundation Wallet Contributor/Devs Wallet To secure vaults: Saito Private Sale Token Vault Saito Foundation Token Vault Saito Contributor Token Vault No tokens are being released at this time and total circulating supply is not changed. For historical information on previous treasury token movements please refer to: https://saitoofficial.medium.com/saito-token-distribution-ad8a7b58e73a and: https://saitoofficial.medium.com/token-distribution-update-ac1f5915c88
More Saito (#SAITO) News
|Japan's Biggest Bank Might Launch Global Stablecoins (Report)
Mitsubishi UFJ Financial Group (MUFG) - the largest finance institution in Japan - is reportedly considering issuing global stablecoins via its blockchain platform.
The bank has previously revealed plans to introduce such tokens tied to the value of the Japanese yen.
MUFG's New Crypto Idea
As reported by Bloomberg, the entity is in talks with industry leaders and other companies on minting stablecoins pegged to foreign currencies, such as the US dollar. To do so, it intends to use its blockchain platform Progmat, Vice President of Product Tatsuya Saito said.
The executive added that potential partners in the move are several local financial institutions, entertainment firms, and other non-financial businesses. Inquiries also come from foreign organizations, meaning Japan could become a global hub for stablecoins, Saito envisioned.
Such financial products have been the subject of enhanced scrutiny in the Asian country, especially after the collapse of the algorithmic stablecoin UST last year, which triggered multi-billion investor losses.
The Japanese authorities recognized stablecoins as digital money but said they could only be issued by licensed banks, money transfer agents, or trust companies. Saito praised the recently-enforced legislation, maintaining it could bring additional consumer protection:
'Issuers and users can feel safe using stablecoins.'
Japan's government, under the lead of Prime Minister Fumio Kishida, has allowed the local cryp...
|Edogawa Ward in Tokyo to Use Metaverse Tech to Solve 'Hikikomori' Proble...
Edogawa Ward in Tokyo plans to use metaverse tech to help social recluses, also known as 'hikikomori,' begin to integrate with society again. The ward will organize a series of hybrid (virtual and in-person) meetings this year with the objective of reuniting people with social reclusion problems and helping them in their reintegration process.
Edogawa Ward to Leverage the Metaverse in Hikikomori Reintegration Processes
Edogawa Ward, located in Tokyo, announced that it will offer a series of metaverse meetings as part of the reintegration process for social recluses in the area. The meetings will be held in hybrid form, with social recluses having the opportunity of attending in person or online, allowing a safe haven for meeting and talking about their common problems.
There will be six of these events in 2023, organized by the Kazoku Hikikomori Japan nonprofit, with a capacity for up to 80 participants, 50 in the metaverse platform, and 30 in the designated venue. The meetings will be held in a metaverse space designed by Kazoku Hikikomori, with remote users being able to shield their identities using avatars if desired.
About this initiative, a ward officer explained:
We want to offer a place where they would think 'I want to be there with the others.'
The Hikikomori Issue
The social exclusion (or hikikomori) problem in Japan is a condition that affects some individuals, who seclude themselves from society and decline to have any interaction with others. This c...
|Square Enix Exploring Blockchain Game Development as Part of Oasys Proje...
Square Enix, one of the biggest Japan-based gaming companies, has inked a partnership with Oasys, a Web3-oriented blockchain project. As part of this partnership, Square Enix will be part of the first 21 validators of the Oasys network, and will explore new possibilities regarding developing blockchain games using this decentralized tech, including user-generated contributions.
Square Enix to Validate Oasys Blockchain
Square Enix has been one of the few AAA gaming companies in Japan seeking to embrace blockchain elements as part of its business model. The company recently announced that it will go all the way, becoming part of the initial validator set of Oasys, a gaming-oriented blockchain advertised as a 'high-speed, zero gas fee experience' for users.
The Japanese gaming giant will be using the Oasys blockchain as a tool for the development of new blockchain games and the inclusion of user-generated content in virtual worlds. About this new partnership, Yosuke Saito, director of the Square Enix Blockchain Entertainment Division, stated:
Our shared enthusiasm for web3 gaming makes this an exciting partnership for us and we look forward to gaining insights that can advance the creation of all-new gameplay experiences for gamers across the globe.
The organization is not alone in this endeavor, as other gaming companies have also established partnerships with Oasys in order to become validators of the network. Both traditional and blockchai...