How to buy Saitama Inu? Discuss fundamentals of Saitama Inu their vision | To buy Saitama Inu coin you need to Purchase Etheriumor any other token. Buy Saitama token in India, what is the purpose of Saitama Inu token, iIs this token solving any issue?
Saitama Inu is a meme coin made in year 2021 but since its peak it is down same as other meme coins. Is the rally over, bubble of meme coin burst or nothing has changed these highs and lows are part and parsal ? In this article you will be knowing these all and if you are interested then i will also let you know where and how to buy Saitama. So lets begin….
Introduction to Saitama Inu
SAITAMA is an ERC-20 token i.e. it is based on Ethereum blockchain was launched in 2021, 31st May. (if in case you want to know what is ERC-20 then I have linked investopedia article here only for you 🙂 )
Saitama on their whitepaper says, ” 2% redistribution + 2% burn on every transaction” . The intent is to retain the token value, i mean to protect the value you know demand and supply game so here they are reducing supply which will increase the price. However this is not so successfull yet because of ignorance about the coin in market.
The Saitama team in their white paper has included few projects which Saitama will cater in future as some are still in development phase.
- SaitaMask: A smart wallet that will allow community to store their tokens like other wallets. Here they go further and add “and learn about Finance” but not clearify who their customer will learn.
- SaitaMarket: They will provide a market pplace where the community members can buy goods and services using SAITAMA and other partner tokens.
- SaitaMaker: As Saitama claims to educate GenZ about financial literacy, so this SaitaMaker is a way through which users in the community can create, launch and promote projects based on SAITAMA monetary system. This is short of NFT based launchpad platform by Saitama.
- Saita Edutainment: Again a step toward goal, this is a multi channel content platform whose sole focus is towards providing educational content while entertaining the audience.
- Saitama Studios: This is an in house entertainment studio where they will be developing games, TV shows, Books, Manga, Anime, NFTs and custom projects for 3rd party brands.
I will link their whitepaper at the end of this article if you are interested then you can read its is very very small (10 pages only less than 3 min reading time)
How to Buy Saitama Inu
Now if you are convinced with their vision of creating a platform for spreading financial education among genZ, and you are now thinking to add some of the token for yourself then there is a easy procedure as its an ERC-20 token.
Step 1: Open an account with Exchange: This step is necessary because you will require a token which you can use to swap with Saitama, as it is not listed on any of the platform for direct buy. So if you already have aaccount and have Ethereum in your wallet then directly jump to Step 4.
I am using Binance exchange, Sign Up with Binance and fill in the required details there, chose strong password for your crypto wallet and never share it with others. Try to write it down somewhere like use Last Pass like extensions to remember your password as it is almost impossible to recover your wallet password. Protect your account with 2FA i.e. 2 factor authenticator, it will provide an extra layer of security.
Step 2: Complete your KYC Verification – Know your customer is mandatory verification of a client’s identity by financial institutions. In this process you need to submit various documents specified by the institutions that can be used to verify your identity. Do all this under Profile tab and there select identification option from the dropdown menu.
Step 3: Deposit funds into your Binance Wallet to buy ETH – Login to your binance account, proceed to add Funds into your wallet. You can directly deposit FIAT currency to your wallet or you can transfer your existing cryptocurrencies as well. Other methods of depositing funds and buying cryptocurrencies are to buy them directly through Bank transfer or through P2P transfer from your bank.
Step 4: If you already have MetaMask Wallet then skip this step. In this step i will show you how to create MetaMask Wallet account
- Add metamask extension to you browser, If you are using chrome then it will say like Install Metamask extension on your chrome browser. Click on that button and wait for installation to complete.
- After completion it will show you “Get Started” , click on it.
- Now it will say New to Metamask and show two choices, Import a Wallet and Create a Wallet. I am assuming that you don’t have previous wallet, click on Create a wallet
- Next you will get your secret recovery phase, save it and never share with anyone coz with this your account can be accessed easily.
- You have to arrange Secret Phase and Confirm.
- Click the “All Done” button and hit “X” if MetaMask presents a window asking to swap your tokens.
- Now select next to connect your Wallet with appropriate OpenSea account.
- Open your web browser and click on MetaMask extension symbol(you will find it on top right cornet of your browser, if its not showing then you have to pin it from the extension symbol)
- Connect with Ethereum Mainnet Network
- Click on Buy
- Chose Directly Deposit Ethereum if you already have on other wallet or else Buy it on Binance first.
- If Buying then click on continue with Wyre.
- Chose your preferred method to pay, and follow the steps.
- Your MetaMask wallet balance will be updated within a couple of minutes.
Step 5: As Saitama is not listed on any of the brokrage platform so you can not directly buy it from broker instead you have to use platforms like Uniswap a decentralized exchange which uses wallet for transactions. You can use other wallet as well but i prefer MetaMask. Go to Uniswap and connect your MetaMask wallet with Uniswap exchange and simply execute the trade. After this your Saitama will be stored in your MetaMask Wallet.
Click here to go directly on Uniswap connect wallet page As shown in Figure 1 click on Connect wallet
You will get lots of wallet options available but i will go with MetaMask click on it and enter your password and bingo your wallet is now connected
Select the input and the output tokens which you will use to swap here I am using Ethereum you can use whatever you have with you.
Now enter the input token value against which you will swap with Saitama. The Max button allows you to swap your entire token value. The system will automatically calculate the resultant output token value.
Note: The system will first approve the pair and then let you swap, if you are trading the pair for the first time in Uniswap platform.
Consider reading below Articles as well: 1. HBAR coin fundamentals and How to buy it? 2. New Crypto Gem which can replace Ethereum 3. Shiba Inu Fundamental Analysis 4. Ethereum Fundamental Analysis 5. All about Ethereum 2.0 6. How to Buy NFT
Investement in Saitama Inu in my view not a good option as of now although it claims to provide more value than other meme coins but still at present it is speculation. If they start adding features which can add value to the token then you can think of going in. However this will take lots of time as most of their features are in development phase and its a new coin which is going complete 365 days at the time I am posting this article.
FAQs on Saitama Inu
Where to Buy Saitama in Indai?
Currently Saitama is not listed on any brokrage platform so you have to use Swap exchanges like Uniswa, Gate.io etc…
Should I keep Saitama in personal Wallet?
Yes you should keep it in your personal wallet for the purpose of security
Is it safe to buy Saitama from Swap exchanges ?
Yes it is safe generally buy if you have any doubt then you can buy Saitama from their official website as well
Disclaimer: This is just writer's personal view on the topic with his/her limited knowledge. It is just shared for educational purpose. This post is not meant to give any kind of financial advice to any of its reader, Please do your own research before landing on any conclusion. If you disagree or find anything which is misleading or inappropriate in the above post, then please reach out to us at via our contact page and we will definitely work on it.